Nagrik Overdraft Facility (OD Limit)

• Purpose - for business and other commercial work.

 

• Loan amount - Fixation of limit on the basis of financial papers of last three years.

 

• Security – Immovable Property / Gold Jewellery / NSC / KVP / Insurance policy and guarantee of one member accepted by the Bank.

 

• Insurance - Mortgage property will have to be insured and mortgage deed will have to be edited.

 

• Duration of Overdraft Facility will be 1 year. The facility will have to be renewed after 01 year.

 

• Applicant will have to submit three years financial sheets and income tax return.

 

• No monthly installment for loan repayment. Only the interest will have to be paid monthly.

 

• Interest Rate -: Click here.