i.

Eligibility

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Any bonafide member of the Bank, including Nominal Member.

ii.

Type of  Facility

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Loan and/or Overdraft limit.

iii.

Purpose

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For any legitimate requirement of funds.

iv.

Margin

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15% of the surrender value of the Life policies.

v.

Rate of Interest

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As per Bank’s rules.

vi.

Other Charges

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As per Bank’s rules.

vii.

Security

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Assignment of Life Policies on the life of the borrower or any third party, who shall stand as surety for the credit facility, in bank’s favour.