Apex Cash

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:

14.00% 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.