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

Eligibility:

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

Limit of Loans:

  1. No Limit

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. Not exceeding due date of Govt/RBI Bond or Maximum 5 years whichever is earlier

Rate of interest (Floating):

  1. 11.00%
  2. Present PLR @14.75% p.a.

Security:

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

Processing Fees:

  1. Nil

Shareholding:

  1. As per extant shareholding norms

Documents Required:

  1. Prescribed loan application form