NSC Loan

Nature of Loan - LOANS ON N.S.C
Rate of Interest – 12.00%
NSC holder can have this benefit
Eligibility for Loan against NSC : Applicant must have National Savings Certificate in own name. No one can not avail loan on someone else National savings certificate
Purpose for loan :Anyone  can avail loan on their  investment for any business/personal purpose, Bank cannot insist the purpose for loan.
Charges and interest : Charges and interest rates on loan keeps varies time to time, Presently it is 12.00%PA
Loan Amount : Normally Bank can lend up to 60.00% to 70.00% of the value of NSC Bond.

Repayment Period : Loan can be repaid within the tenure of the instruments or earlier.