Loan Against National Savings Certificates (NSC), Kisan Vikas Patra (KVP), or Life Insurance Corporation (LIC) policy is a type of secured loan where you pledge your investment as collateral to borrow money.

• Pledge Your Investment: You submit your NSC, KVP, or LIC policy to the lender as collateral.
• Loan Disbursement: The lender assesses the value of your investment and disburses a loan amount, typically a percentage of the surrender value.
• Repayment: You repay the loan in fixed monthly installments over a specified tenure.
• Interest: You pay interest on the loan amount.

Advantages:-

• Quick Disbursal: The loan is typically disbursed quickly.
• Minimal Documentation: The process involves minimal paperwork.
• No Credit Score Check: Unlike traditional loans, a credit score is not required.
• Lower Interest Rates: Interest rates are generally lower than other unsecured loans.
• Tax Benefits: In some cases, interest paid on the loan may be tax-deductible. 

For Loan Against F.D. --> F.D receipts required.

For Loan Against N.S.C. --> N.S.C. certificates required.

For Loan Against L.I.C. --> L.I.C. certificates required.

* INTEREST RATE *