Demand Loan Against Securities
Demand Loan against NSC/KVP/LIC policies.
Shriram Bank’s Demand Loans Against Securities has no limit on what the maximum amount of the loan can be. Although the max repayment period is 5 years in case of Demand Loan OR date of maturity, whichever is earlier
For personal expenses
LIC Policies must be 3 years old.
NSC/KVP 1 year old.
Against LIC policy 85 % of Surrender Value.
Against NSC/KVP 85% of Face Value.
Within 5 years or as agreed before maturity.
10% per annum for security in own name.
11% per annum for security in third party name.
Nil
Nominal Membership
Pledge/ Assignment as case may be.
Prescribed loan application form
*Conditions Apply
Discounting table.
