Andhra Bank
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Toll Free Number : 1800 425 1515

Loans against NSCs, KVPs and LIC Policies

To meet any contingencies and personal  credit requirement
  Types of securities accepted

National Savings Certificates (NSC), Kisan Vikas Patra (KVP), Life insurance policies, any other security that the Bank may specify from time to time

loans or advance of any type will not be sanctioned against

  • the security of  Indira Vikas Patra (IVP)
  • NSCs and  KVPs issued by far off post offices
  • Life Insurance policies which are in the name of third parties
  Amount of loan

Upto Rs 50000/- without third party guarantee and above Rs 50000/- against third party guarantee acceptable to the Bank
   Rate of Interest

Upto 36 months – RLLR + 4.95%

Above 36 months to 60 months – RLLR + 4.95%+0.25%


25 % (value of the security includes accrued interest)

Term Loan

Repayable within a maximum period of sixty months
  Prepayment charges

Charges applicable as per guidelines in force