The user can borrow against National Savings Certificates (NSCs) which provide benefits like high interest and tax benefits. You can borrow up to 70% of NSC value and some banks like The Jhalawar Nagrik Sahkari Bank Ltd. put a margin over your loan that depends on the NSC maturity amount.

TERMS

Eligibility : Resident Individuals aged 21 Years and above.
Interest Rate : Loan Against KVP / e KVP

Demand Loan / Term Loan : 1.00% Over KVP rate or BRLLR + S.P. + 1.50%, whichever is higher.
Overdraft : 0.25% higher than the ROI applicable to DL/TL i.e., 1.25% over KVP rate or BRLLR + S.P. + 1.75%, whichever is higher.
Staff : 0.50% over KVP rate
Most Important Term :

• KVP issued by post office or any The Jhalawar Nagrik Sahkari Bank Ltd. Branch will be accepted.
• Advance will disbursed only after noting with appropriate authorities.
• Advance to third party is not permitted.