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This loan is provided to individuals as an overdraft against a list of securities. This loan can be used for your personal needs, and can be taken with the only against a list of securities.
The loan amount can be any amount between Rs. 1,00,000 to Rs. 20,00,000.
Amounts | Interest Rate |
Rs. 10, 00, 000 - Rs. 20, 00, 000 | 11.50% - 12.50% |
Documents required will be proof of identity, income, residence, bank statement of the last 6 months, holding statements of the securities involved, pledge creation form, and if they securities are held jointly then a guarantor form as well.
The application form can be downloaded from the website, but you will also need to visit the branch nearest to you with the form and related documents.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
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Returning you to where you were...
Psst... We'll ensure you're the very first to know the moment rates change.
We'll email you immediately! You snooze, you lose.