Loan against approved Bonds like RBI/NABARD/Other Government Bonds.
Existing Account Holders - Individuals, whose dealings are satisfactory.
No loans against equity plan scheme i.e Tax Savings Scheme.
Maximum Rs. 5.00 lakhs.
30 % of Market value of Bonds like RBI/NABARD/Other Govt. Bonds.
Pledge of Bonds/Units etc.
Rate of Interest:
14.00% per annum
1.00% of the loan amount.
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.