Loan/Overdraft facility against government securities and LIC
| To meet any genuine financial need | ||
| Loan amount | As per the bank’s prevailing policy. | |
| Eligibility | Individual (s) holding government securities/LIC or consent of third party connected to securities | |
| Margin | Depending on the nature of government securities and LIC policy | |
| Tenure | Maximum 60 months or maturity date of policy whichever is earlier | |
| Guarantors | on the nature of government securities and LIC policy | |
| Security | Pledge of instruments duly discharged / Assignment of LIC policy | |
| Interest Rate | As per the bank’s prevailing policy. | |
| Processing Charges | Decided by bank from time to time | |
Visit nearest branch for any additional information.
