Loan Against SBI Dual Advantage Fund (DAF) Online in India - Personal Banking
Loan against NSC/KVP
To meet contingencies and/or any personal need but not for speculative purposes.
Features
- Avail Loan up to 60% of Face value together with accrued interest. No ceiling on maximum loan amount provided stipulated margin is maintained.
- Low interest rates charge on a daily reducing balance.
- Loan processing charges: 0.35% of loan amount with a minimum of Rs. 500/- and Maximum of Rs. 2,500/- plus applicable GST
- No prepayment penalties. · Margin: 40% of Face value together with accrued interest.
- Security: NSCs/KVPs are required to be transferred by the issuing Post Office as a security in the name of the Bank
- Type of loan: Demand Loan & Overdraft
- Availability: Through Branches only.
- Interest Rate: 2.50% over 1-Year MCLR (at present 10.80% wef 15.12.2022).
- Please refer the interest rate page
Eligibility
DAF investors above 18 years of age subject to following conditions
- An individual applying for a loan should be at least 18 years old.
- An individual applying for a loan should be the owner of the NSCs/KVP against which a loan is being availed. These certificates should be in the name of the person wishing to obtain a loan and a loan cannot be availed against NSCs/KVP which are in someone else’s name.
Eligible security
- Loan available against the security of National Savings Certificates (NSCs) VIII Issue/ Kisan Vikas Patras (KVPs).
Repayment
- Aligned with terms of maturity of NSC/KVP. At no point of time, the outstanding in loan a/c should exceed the maturity value of the certificates pledged.
Last Updated On : Tuesday, 24-01-2023
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
Loans against Securities
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Mutual Fund investments to fulfil your personal goals..
Criteria
- Features
- Eligibility
- Terms and Conditions
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above