Vaishya Sahakari Bank Ltd. offers loans against National Savings Certificates (NSC) and the Surrender Value (S.V.) of Life Insurance Policies, providing a convenient way to meet your immediate financial needs without breaking your investments.
Features & Benefits:
- Easy Loan Availability: Get quick finance by pledging your NSC or Life Insurance Policy.
- Attractive Interest Rates: Competitive and affordable rates to suit your repayment capacity.
- Simple Documentation: Hassle-free and minimal paperwork for a smooth process.
- Flexible Repayment Options: Convenient repayment period as per your financial comfort.
- Continued Earnings: Your NSC and life policy continue to earn returns even when pledged.
Eligibility:
- Individuals holding valid NSC certificates or Life Insurance Policies with assignable surrender value.
- Members or customers of Vaishya Sahakari Bank Ltd.
Security:
- Pledge of NSC / Assignment of Life Insurance Policy (S.V.).
Purpose:
- To meet personal, business, or emergency financial requirements without liquidating long-term investments.
Documents Required:
- Application form
- Original NSC certificates or Life Policy documents
- KYC documents (ID & address proof)
- Recent passport-size photographs
