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Eligibility |
Employees, Pensioners, Professionals and self-employed persons and others either singly or jointly holding securities like NSC, KVP, LIC policies. |
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Purpose |
To meet Domestic and other purposes. |
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Loan Amount |
Equal to 75% of purchase value of security including accrued interest/surrender value of whole life or endowment policies. Securities where premature cancellation is not available, the date of maturity should be less than 3 years from the date of finance. |
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Rate of interest |
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Repayment |
36 Equated monthly installment or lump sum on or before maturity of bond. The loan period should not however spill over the due date of the securities. |
