Loan against FD/NSC/LIP offers you instant liquidity and no need to sell your FD/NSC/LIP for short term cash problem. All you have to do is pledge your securities/Policy doc in favour of Samata Co-op Development Bank Ltd. Then we will grant you money up to value determined on the basis of securities provided by you.

  •  Simple process to get loan.
  •  Easy repayment and instalments schedule.
  • No need to disinvest your hard earned money for short term cash requirements.
  • Vary easy documentation.
  • Repayment Period: 10 years in case of Term Loan OR date of maturity whichever is earlier.
  • NSC -75 % of Face Value
  • LIP-  75% of surrender value
  • FDR-80% of Face Value / 75% in case of MI

  •  The Life Insurance Policy (LIP) should be in force for a minimum period of 3 years and should be assignable.
  •  NSC should be minimum 1 year old in case of Term Loan and should be assignable.

  •  Duly filled form with:
    • i. Residential Proof of Applicant(s)
    • ii. PAN Card of Applicant(s)
    • iii.KYC of Applicant(s)
    • Pledge of FD Receipt/LIP/Securities is Prime Security.
    • No Guarantors.