LOANS AGAINST GOV.SECURITIES
Who can Borrow Individuals
Purpose To provide finance to meet urgent needs covering Child’s education, medical emergencies, travel etc.
Security Pledge of NSCs and Surrender value of LIC Policy
Type of Facility & Repayment  In case of Overdraft – Annual Review
In case of Term Loan-  EMI    
Processing  Charges     Nil
Documentation Charges Nil
Prerequisites
  1. Application form along with KYC documents
  2. LIC Policy (Assignable) to be in force for minimum period of 3 years.