Repayment Tenure:
Maximum 60 months OR Maturity date of securities offered whichever is prior
Margin :
National Savings Certificate:-25% of Face Value
Life Insurance Policy:-15% of Surrender Value
Kisan Vikas Patra:-25% of Face Value
Transferable Government Bonds:-25% of Face Value
Maximum Loan Amount Limit - No Limit
Eligibility :Individual
Security : National Savings Certificate (NSC) with maturity date not falling beyond 5 years from date of sanction of loan Assignable Life Insurance Policy (minimum 3 year old) Kisan Vikas Patra (minimum 2&1/2 years old) Transferable Govt. BondsGuarantors
Guarantors : NIL
Subscription to Bank's Share - Membership:
1% of Loan Amount
Processing fee : 0.25% of loan amount (Subject to Minimum Rs.250/- & Maximum Rs.5000/-)
MINIMUM DOCUMENTATION
KYC
Financial Documents
Any other documents required by the Bank.
In adherence with RBI Notification no. DoR.MCS.REC.28/01.01.001/2023-24 dated 18/08/2023,
Penal charges for delay in payment of interest/ instalment , non-compliance or delay in compliance of critical terms of sanction and takeover of loan by other bank/
NBFC would attract penal charges @ 3.25% on the sanction amount in case of Working Capital limit and on the outstanding amount in case of term loan limit.