Loan against approved Bonds like RBI/NABARD/Other Government Bonds.
Eligibility:
Existing Account Holders – Individuals, whose dealings are satisfactory.
No loans against equity plan scheme i.e Tax Savings Scheme.
Quantum:
Maximum Rs. 5.00 lakhs.
Margin:
30 % of Market value of Bonds like RBI/NABARD/Other Govt. Bonds.
Security:
Pledge of Bonds/Units etc.
Repayment:
36 Months.
Rate of Interest:
13.00% per annum
Processing Charges
1.00% of the loan amount.
Documentation:
Application, Income Proof for repyament.
Pronote/Pronote covering letter.
Letter of Pledge.
Request letter for sanctioning loan/Overdraft facility.
Sufficient number of blank transfer forms undated.
Notice of lien.
