Make your securities work harder for you.
Avail hassle-free advance against security of bonds.
Baroda Advance against the securities (Relief Bonds /Government Bonds)
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Features
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Eligibility
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Interest rates & charges
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Most Important Terms and Conditions (MITC)
Baroda Advance against the securities (Relief Bonds /Government Bonds) : Features
| Type Of Facility | Demand /Overdraft & Term Loan |
|---|---|
| Minimum Loan Limit |
|
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Maximum Loan amount |
No Ceiling |
Baroda Advance against the securities (Relief Bonds /Government Bonds) : Eligibility
- Resident Individuals aged 21 years and above
Baroda Advance against the securities (Relief Bonds /Government Bonds) : Interest rates & charges
| Product | Conditions | Repo Rate + Spread | Effective Rate of Interest | |
|---|---|---|---|---|
| Loan against Life Insurance Policies, Loan against securities of Relief Bonds / Government Bonds |
ConditionsDemand Loan / Term Loan |
Repo Rate + SpreadBRLLR + SP + 1.50% |
Effective Rate of Interest0.00% |
|
ConditionsOverdraft |
Repo Rate + Spread0.25% higher than the ROI applicable to DL / TL i.e. BRLLR + SP + 1.75% |
Effective Rate of Interest0.00% |
||
Processing Charges
- Rs.500 + GST
Baroda Advance against the securities (Relief Bonds /Government Bonds) : Most Important Terms and Conditions (MITC)
- Advances to third party is not permitted.
- Advances will only be made against Bonds which are eligible for Bank
- Finance, for Example: 6.5% RBI Bond 2003, 7% savings Bond 2002 etc.
- Advance will be sanctioned on merits and after ascertaining repayment capacity of the borrower.
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Can I get a loan against government bonds?
Yes.
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What type of security is a government bond?
Bond issued by the Reserve Bank of India and Government of India.
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What is the minimum amount of loans taken against government bonds?
Loan: Rs.3,000 and Overdraft: Rs.20,000
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What is the interest rate for loans secured by government bonds?
Presently, it is 9.20% to 9.45%
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Can we take loans against government bonds online?
Yes, it is available up to an Agreement In Principle sanction.
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What are the advantages of taking a loan against government bonds?
It is hassle free and available at lower ROI.
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How much can I avail as a loan?
For government savings bonds, up to 80 to 85% of the face value.
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What about the repayment tenure of the loan?
Loan: up to 35 months Rs.3,000 Overdraft: Rs.20,000
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What is the current interest rate for loans taken against government savings bonds?
Presently, it is 9.20% to 9.45%, according to the government of India.
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Is it possible to get a loan against any government bonds?
Yes
