Objective

• To Provide loan against other Bank Guarantees.

Type of Assistance

• Any individual or institution.

Permissible Loan Amount

• 90% of the Bank Guarantee.

Interest Rate

• 9.50% per Annum
• Interest is payable quarterly (Ashwin end, Poush end, Chaitra end & Ashad end).

Security

• Acceptable Bank Guarantees.

Tenure

• Depends upon the maturity of the Bank Guarantee.

Repayment

• Principal payment upon maturity.
• In the event of non-payment of any installment or in the event of any other irregularity   continues, in such a situation a penalty will be levied as per the Bank’s regulations.