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Advance against Government/RBI Bonds

Saraswat Bank offers you limitless loan amount against Government or RBI Bonds at lowest interest rates.

Purpose:

  1. Personal Expenses

Eligibility:

  1. Transferable and tradeable Govt/RBI bonds in Demat form

Limit of Loans:

  1. Rs. 10 Lakh

Basis of Advance:

  1. 90% of face value of bond in Demat form where interest is received regularly
  2. 95% of accrued value of bond in Demat form where interest is received on maturity i.e. Cumulative scheme

Repayment Period:

  1. 5 years in case of Loan or date of maturity of Govt /RBI Bond whichever is earlier.
  2. Overdraft facility subject to annual review or date of maturity of Govt /RBI Bond whichever is earlier.

Rate of interest (Floating):

Floating PLR – 4.85= 10.75%
Present PLR @15.60% p.a. (w.e.f 20.06.2025)

Security:

  1. Govt/RBI Bond (Only transferable bonds or where our lien can be marked on Bonds)

Processing Fees:

  1. Nil

Shareholding:

  1. Rs. 1000/-

Documents Required:

  1. Prescribed loan application form

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