Nagrik Overdraft Facility (OD Limit)
Source : NSBGwalior Date : 11-Jun-2019
• 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.