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Date: 2017-06-08
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HomeLoan Against Government Bond

Loan Against Government Bond

Under the scheme credit facilities are extended to borrowers against financial securities issued by government in the form of National Savings Certificates like government Bonds.

Salient Features

  • Minimum loan of 90% of the government bond’s amount.
  • Financing up to 90 % of government bond’s amount.
  • Loan tenure of maximum 1 year.
  • Interest rate of 9% to 12%.

 
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