Demand Loan (Short Term Loan)



Short Term Loans (STL) against FD of the bank to the tenure of 80% of the face value and TL against NSC/KVP/LIC to the tenure of 75% of the face value/surrender value in case of lic are provideed by the bank
Interest applicable

  • FD- 1% above the FD rate of Interest
  • In case of Third party- 1.5% above the FD rate of interest
  • For NSC/KVP/LIC-Interest applicable is 14% p.a