S.No.	Particulars	Details
i.	Eligibility	Any Individual, Group of Individuals, Proprietorship / Partnership Firms Companies etc., who is a bona-fide member of the Bank, including Nominal Member. [cite: 2]
ii.	Type of Facility	Loan and/or Overdraft limit. [cite: 2]
iii.	Purpose	For any legitimate requirement of funds. [cite: 2]
iv.	Security	Assignment of Life Policies on the life of the borrower or any third party, who shall stand as surety for the credit facility. [cite: 2]
v.	Margin	15% of the surrender value of the Life policies. [cite: 2]
vi.	Rate of Interest	As per Bank’s rules. [cite: 2]
vii.	Other Charges	As per Bank’s rules. [cite: 2]
viii.	Other Conditions	Assignment of Life Policy in bank’s favour to be registered with Life Insurance Corporation of India, before release of credit facility. [cite: 2] Certificate of Surrender Value of life policy be obtained and kept on record at the time of sanction and every year thereafter. [cite: 2] CEO shall have the discretion to relax the condition of margin up to the maximum of 5% in deserving cases on merit of each case. [cite: 2]