Make your securities work harder for you.
Avail advance against security of national savings hassle-free
Baroda Advance Against Securities (Kisan Vikas Patra / e KVP)
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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 Securities (Kisan Vikas Patra / e KVP) : Features
| Type Of Facility | Demand /Overdraft & Term Loan |
|---|---|
| Minimum Loan Limit |
|
| Maximum Loan amount | No Ceiling |
Baroda Advance Against Securities (Kisan Vikas Patra / e KVP) : Eligibility
- Resident Individuals aged 21 Years and above.
Baroda Advance Against Securities (Kisan Vikas Patra / e KVP) : Interest rates & charges
| Product | Conditions | Repo Rate + Spread | Effective Rate of Interest | |
|---|---|---|---|---|
| Loan Against KVP / e KVP |
ConditionsDemand Loan / Term Loan |
Repo Rate + Spread1.00% Over KVP rate or BRLLR + S.P. + 1.50%, whichever is higher. |
Effective Rate of Interest- |
|
ConditionsOverdraft |
Repo Rate + Spread0.25% higher than the ROI applicable to DL/TL i.e., 1.25% over KVP rate or BRLLR + S.P. + 1.75%, whichever is higher. |
Effective Rate of Interest- |
||
ConditionsStaff |
Repo Rate + Spread0.50% over KVP rate |
Effective Rate of Interest- |
||
Processing Charges
- Rs.500 + GST
Baroda Advance Against Securities (Kisan Vikas Patra / e KVP) : Most Important Terms and Conditions (MITC)
- KVP issued by post office or any Bank of Baroda Branch will be accepted.
- Advance will disbursed only after noting with appropriate authorities.
- Advance to third party is not permitted.
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Can I get a loan on my NSC (National Savings Certificate)?
Yes, you can borrow against your NSC up to 80–85% of its face value.
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Can I take a loan on KVP (Kisan Vikas Patra)?
Yes, you can certainly apply for a loan against KVP up to 80 to 85% of the face value.
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How to get a loan on Kisan Vikas Patra (KVP)?
By visiting your nearest bank branches
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What is the minimum and maximum loan amount that can be availed against NSC or KVP? (In bullet points)
Minimum: Loan Rs.3,000
Overdraft: Rs.20,000
Maximum: No ceiling
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How to use NSC as security for loans?
To be eligible for a loan, a person must give the bank a pledge of their NSC.
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Is NSC safe for a loan?
Yes.
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How will your bank decide your loan eligibility against NSC or KVP?
Banks may lend up to 80 to 85 percent of the face value of NSCs or KVPs.
