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  ABHYUDAYA CO-OPERATIVE BANK LTD.
  MULTI STATE SCHEDULED BANK
   

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Monday, 26-Jun-2017  02:03:42 AM
 
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Loan /Secured Overdraft against Govt. Securities
 
 
PURPOSE The amount can be used for any purpose.
MAX. AMT A  Loans
 a)  Loan against NSC/RBI bonds
up to 2 year old 70% of accrued value.
Above 2 years to 4 years old 75% of accrued value
Above 4 years 85% of accrued value.

Loan against LIC Policy/KVPs  90% of surrender value.

SOD against NSC/KVP/RBI Bond 80% of accrued value.

 SOD against LIC                            90% of accrued value

Note : Loan against KVP encashable after two and half year.

REPAYMENT
For Loans:- Maximum 60 installments for loans or co-terminus with maturity period whichever is earlier.
Secured overdraft:- Three years.
ROI Click here
MEMBERSHIP Nominal Membership Rs.100/-
SURETY Nil
PRIME SECURITY Assignment & Pledge of NSC, KVP & LIC Policies.
In case of RBI Bond, it should be transferred in our Bank’s name
SERVICE CHARGES
For Loans:- 0.70 % (minimum Rs.100/- and maximum Rs.1000/-
For SOD:- 0.70% (minimum Rs.100/- and maximum Rs.1000/-.)
OTHERS
  • Certificate standing in the name of a minor & third party will not be accepted as security..
  • Loan/SOD against LIC, will be considered only against policy issued by LIC of India in applicant's name only.
 
 
 
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arrow    BANK's POLICY (click Here)