Eligibility
Applicant must have National Savings Certificate / Kisan Vikas Patra
in own name.
Purpose
Any Business / Personal purpose other than for speculative ones.
Loan Amount
| Age of NSC/KVP |
Loan Amount |
| More than 3 years |
100% of face value |
| More than 2 years but less than 3 years |
90% of face value |
| Less than 2 years |
75% of face value |
Minimum loan amount is Rs.10,000/ subject to prescribed margins with no
upper ceiling.
Rate of interest
| Term Loan |
PLR - 1.5% |
| Overdraft Facility |
PLR |
Repayment Period
Loan to be liquidated within the tenure of the instruments or earlier.
Repayment
By Equated Monthly Installment (For Term Loan)
Processing Fee
1% of the loan amount, minimum Rs.250/-
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