| Loan
Amount |
Shares
: Rs.50,000/- to Rs.20 lacs, limit will be
50% of market value of shares as on date of
opening account.
NSC, KVP's etc. : Rs.5000/- to 25 lacs, upto
80% of face value.
LIC policy : Rs.5000/- to Rs.15 lacs, upto
90% of surrender value of policy. |
| Eligibility
Criteria |
Adult
Indian citizen. |
| Security |
Pledge
of approved shares/NSCs/KVPs or assignment
of LIC policy in name of the bank |
| Facility |
Overdraft
against shares, overdraft/loan against NSCs,
KVPs or LIC policy |
| Charges |
For
Shares - One time service charge @ 1% of limit
sanctioned + documentation charges as applicable.
For NSCs, KVPs & LIC policies -
Documentation & Transfer charges |
| Appraisal
Documents |
1.
Details of shares / securities to be pledged
2. Demat statement for shares
3. Proof of Residence
4. Proof of Income
5. Signature verification from existing bankers |
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Here For Interest Rates
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