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Reg. No: SA 2914 Dated : 27 Jan. 1995
License No: UBD Guj-1153 P Dated : 01 July 1995

NSC/ KVP Loans

Eligibility of borrower   * Having current / saving account holder of the Bank.
* Applicant must have his own certificate of NSC/ KVP.
* Borrower must be a member/ nominal member of the   bank. 
Purpose of Loan             Any personal requirement.   
Quantum of finance 70% of principal amount of NSC/ KVP.& 75% of Surrender Value of L.I.C. Policies
Share Linkage            Borrower must have Bank share holding @ 1% of the loan sanction  amount.
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.
Rate of Interest  12%  p. a.
Security Lien marked certificate of NSC/ KVP by the issuing  post  office in favour of the Bank and to be pledged with the bank. Money receipt to be deposited with Bank for  lien marked charges from the post office.
Original L.I.C. Policies  with assignment in favour of the Bank are to be deposited