Loan Against Liquid Security

To meet the temporary liquidity mismatch in the business operation or for payment of statutory dues, salary/ wages/ electricity bill, rent etc. loan aginst liquid security may be obtained by Pledging Any Term Deposit Certificate of PSU or Pvt. Bank / LIC policies (Endowment, Money-back or similar) / NSC Certificate / KVP Certificate / Postal Deposits / Govt./PSU Bank Bonds / Other similar liquid securities

Eligibility

Any existing business having satistisfactory credit history.

Photo identity and Address proof : As per RBI defined KYC guidelines.
Business Proof : Trade License/MOA & AOA/GST Registration/ITR, Partnership Deed etc. as per applicability.Trade License/MOA & AOA/GST Registration/Income Tax Retrun, Partnership Deed and other documents as per applicability.
Additional documents may be collected during the loan application process as per actual requirement.

Key Features

Rate of Interest

Start From 7% p.a.

Repayment

Upto 12 Months

Nature of Assistance

Short Term Loan

Upfront Fee

Nil

Security

Lien on underlying liquid security
Personal Guarantee of the Borrower(s)

Other Terms & conditions

If the maturity of securitized instrument falls prior to the loan repayment date, the borrower should be agreeable to renew / reinvest the instrument and mark fresh lien in favour of the Corporation.
FDs under tax saving scheme (with lock-in period), KVP & NSC certificates can be accepted if their maturity date is more less near the loan maturity date.
In case of LIC Policies or similar instruments, surrender value as on the date of sanction shall be considered.
Market linked instruments like mutual funds etc. will not be considered.

Key Highlights

Loan upto 90% of the Liquid Security

Interest Calculation on Reducing Balance

Simplified application process

Loan Against

Liquid Security

Loan Against

Liquid Security