Purpose
Any purpose 
 
Limit of Loan 
Minimum Rs.10 lakh 
Maximum - No limit

Eligibility
95% of face value of bond in Demat form OR physical form where interest is received at regular intervals and 90% where interest is received on maturity i.e. Cumulative scheme
If remaining maturity is less than a year, 95% of face value may be considered even in the cumulative scheme. It is to be ensured that the interest on loan is serviced out of interest earned on RBI Bonds
 
Rate of Interest
Present rate is Linked to PLR and you may contact your nearest branch for further details .

Repayment Period 
Due date of RBI Bond Or Maximum 5 years whichever is earlier
 
Security
RBI Bond (Only transferable or where our lien can be marked on Bonds)
 
Share Holding
Nominal Membership
 
Processing Charges
NIL
 
Documents Required
a) Term Loan and cash credit can be granted.
b) Interest earned on bond must be credited to loan or cash credit account.
c) Repaying capacity, income proof, purpose need not be verified.
d) In case of Third Party advance, Bond Holder is to be taken as guarantor and to be admitted as nominal member