Eligibility of borrower:

• Having current / saving account holder of the Bank.
• Borrower must be a member / nominal member of the bank.

Purpose of Loan:

• Any personal requirement

Quantum of Finance:

• Loan up to 70% of Principal value of NSC / KVP and 90% of Surrender value of LIC policy.

Repayment period:

• 12 months or till the date of maturity of NSC / KVP as per discretion of Bank
• Interest on loan should be repaid every month.     

Security: 

• Lien marked certificate of NSC / KVP by the issuing post office in favour of the Bank and to be pledge with the Bank.
• Original LIC policies with assignment in favour of the Bank are to be deposited.