United Demand Loan Scheme
United Bank of India introduces a unique loan scheme against your savings in
the form of NSCs/ KVPs/ Life Insurance Policies (Surrender Value). You can avail up to
100% of the face value of your savings instruments or even more than that in case of NSCs/
KVPs. The salient features of the scheme are as under:
Eligibility :
Any individual having investment in the form of LIP (Surrender Value)/ NSC/ KVP to
cover the loan amount in his/ her name and be introduced to the bank.
Purpose:
For meeting all types of personal expenses.
Demand loan - Quantum of loan:
a) Against LICI Policy -- 90% of Surrender Value
b) Against NSCs/ KVPs /Relief Bond etc --
| Period remaining to maturity |
% Of Maturity Value |
| 1 year or less |
85% |
| Above 1 year to 2 year |
75% |
| Above 2 year to 3 Yr |
65% |
| Above 3 year to 4 Yr |
55% |
| Above 4 year to 5 Yr |
50% |
| Above 5 year |
45% |
Security: Assignment of LIP or pledge of NSCs/KVPs or transfer of Relief Bond in favour of the Bank.
Rate of Interest : Click here to view.
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