Loan against FDR/GOVT. /NRB Bond
Purpose Financing against lien mark of FDR/Govt./NRB Bond.
Financing Ratio: Maximum 90% value of the FDR/Govt./NRB Bond.
Nature Revolving & renewable within the validity of lien marked FDR/Govt./NRB Bond
Disbursement Full loan amount after lien marking of FDR/Govt./NRB Bond and completion of the loan documentation.
Principal Repayment Partially or lump sum within expiry.
Interest Repayment: On quarterly basis and/or on loan expiry date.
Security: At least 111% coverage by the value of the FDR/Govt./NRB Bond under lien.
Tenure: Maximum up to 15 days before the validity of the lien marked FDR/Govt./NRB Bond.