Loan Against NSC/KVP/FDR

For Salaried Employees, Businessman, Self-employed
Type of loan Term loan/Secured overdraft
Purpose For repair / renovation of residence Purchase home appliances / electronic Goods / repayment of outside debts / Medical expenses or any personal needs
Repayment Up to maturity date of deposit such as NSC/KVP/FDR Interest is payable every month.
Mode of Repayment Standing instruction from existing Savings Bank/Current Deposit/any other account with us.
Margin As per bank policy
Rate of interest 11.00 % p.a. for NSC/KVP Loan / Overdraft
0.50 % p.a. Over and above FDR Receipt Interest rate for FDR Loan / Overdraft
Who can borrow Salaried Employees, Businessman, Self-employed
Loan amount As per bank policy
Security Pledge of NSC/KVP/FDR/RD
Collateral Not required
Guarantors Not required
Subscription of bank's shares Not required
Processing charges Not applicable for loan against FDR/RD Documentation charges for NSC/KVP Loan as applicable
Other charges As per Bank's policy
Pre-payment charges No pre closure charges


12.5% for Stock & Book Depts, 12% for Stock, Book depts & 60% Colleteral


To meet expenses for pursuing higher Education , at India or abroad. Graduation / post-gradution / medical Dental / engineering / management / law Pilot / air hostess | 10.75 % to 12.00 %