Loan Against KVP, NSC, & LIC Bonds

A smart and convenient way to unlock the value of your investments without having to surrender them. Our Loan Against KVP, NSC, & LIC Bonds allows you to meet your financial needs instantly while your investments continue to grow.

 

Key Features & Benefits:

Low-Interest Rates: Enjoy competitive interest rates, often lower than those for personal loans, as your loan is secured by your assets.

Quick Processing: Get access to funds quickly with minimal documentation and a fast approval process.

No Prepayment Charges: We offer the flexibility to repay your loan early without any penalty, allowing you to save on interest.

Flexible Repayment Options: Choose a repayment schedule that suits your financial situation.

Continue Earning Returns: Your underlying investments (KVP, NSC, LIC Bonds) remain untouched and continue to earn interest or bonuses, providing you with a double benefit.

Multi-Purpose Loan: Use the funds for any personal or professional need, such as:

  • Marriage expenses
  • Medical emergencies
  • Education fees
  • Business expansion
  • Home renovation

Loan Amount: Get a loan of up to [X]% of the surrender value/face value of your KVP, NSC, or LIC Bonds. The exact percentage may vary depending on the specific instrument.

 

Eligibility Criteria:

  • Applicant must be a [Bank Name] Universal Co-Operative Urban Bank Ltd. member.
  • Applicant must be a resident of India.
  • The KVP, NSC, or LIC bonds must be in the name of the applicant. Joint holdings may also be considered.

 

Required Documents:

  • Duly filled Loan Application Form
  • Proof of Identity: Aadhaar Card, PAN Card, Voter ID, Passport
  • Proof of Address: Aadhaar Card, Utility Bill, Rent Agreement
  • Original KVP/NSC Certificates or LIC Bond Documents: The original securities will be pledged with the bank.
  • Latest passport-sized photographs
  • Any other documents as required by the bank.