is a novel loan scheme whereby any income tax payee can avail
loan for the purchase of National Saving Certificates which will
entail them for claiming deduction up to Rs.1lakh from the total
income of a year. Loan will be given up to 80% of the face value
of the certificate intended to be purchased. Balance amount has
to be remitted by the customer.
only security is the certificate purchased on which lien will
simple. If defaulted 17%
Principal plus interest in equal monthly instalments.
avail this facility, please check our branch list and get in touch
with the branch
which is most convenient for you.