NSNL SAVING DEPOSIT

Saving money habit will improve the quality of life and will help you to feel better and to sleep better. One will be happier knowing he/she has some money aside for unexpected expenses and look forward to achieve some of their dreams.

1. NSNL MORTGAGE LOAN

Higher Loan amount for your needs, with the benefit of very lower EMI, and with collection facility.

Hassle free documentation procedures, approval within days and flexible repayment options.

Saving account is of continuing nature. There is no maximum period.

FEATURES OF MORTGAGE LOAN

Multipurpose loan • Loan for Businessmen, Professionals, Employed persons and Individuals for the marriage of children, higher studies of child, Medical treatment etc. who is having sufficient income to service the loan..

Loans from Rs.50000 onwards depending on your needs

Borrow up to 50% of market value of the property.

Attractive interest rate

Simple and very speedy processing

Repayment tenure up to 60 months

Repayment of installments through any of our branches

Minimum land area of property

]No Penalty for premature closing after 6 months

Facility for daily remittance

2. NSNL LOAN AGAINST DEPOSIT RECEIPT

Loan against Fixed Deposits is a facility offered by NSNL to our members against your deposits held with us. For your liquidity requirements, avail 90% of the value of deposits held, without breaking the deposit.

You can avail a loan against the security of TDR / RD deposits.

You need not close the deposit prematurely, and can avail the loan:

At the branch where you maintain the deposit

As an overdraft or as a demand loan.

For a maximum of 90% of the face value of deposit and including the interest accrued on the deposit.

At an interest rate linked to Deposit Rate against TD/RD deposits.

3. NSNL GOLD LOAN

With attractive schemes, easy repayment options and lowest interest rates at NAMBAKAM SASWATHA NIDHI LIMITED,

NAMBAKAM SASWATHA NIDHI LIMITED Gold loans may be availed for any amount between Rs.1,000 to a maximum of Rs.5 Lakhs. Loans are available for periods ranging from one month to one year. Our Gold loans do not have any lock- in-period and there are no prepayment penalties. You can repay earlier than the scheduled as you desire. Anyone who is the member and owns gold ornaments can avail the loan. (Note: Minors are not eligible.) To obtain the loan, you need to submit your gold jewellery (within the Karat range of 18 to 24 k) at NSNL office, The loan amount will be sanctioned on the basis of gold valuation which involves verification of its purity. The weight of stones etc. fixed on the ornaments will be deducted for the intention of valuation.

INTEREST

Our base rate of interest is 15 percent. However, depending upon how high the loan to value (LTV) is, additional interest (amounting to risk premium) ranging from 4-8 percent is charged over and above the base rate.