The National Co-operative Bank Bangalore, The National Co-operative Bank Gandhibazaar

Eligibility	Member/Associate Member of the Bank and also Nominal Members by payment of nominal membership fee of Rs.100/-.
Area of Operation	Bangalore Urban, Bangalore Rural District and mysore (whether to specify area which will be covered - MAP)
Security	1. National Savings Certificate 2. Kisan Vikas Patra 3. Life Insurance Policy To be pledged/assigned in favour of the Bank.
Maximum limit	Rs.15.00 lakhs
Margin	Minimum 10% to 50% depending on the maturity period of NSC & KVP (10% increase in the margin for each year) 15% of Surrender Value in case Life Insurance policy
Maximum Repayment Period	24 Months
Release of loan	The proceeds of the loan amount shall be paid to the party’s SB/CA.
Interest rate and interest application frequency	11.00% The Rate of Interest will be charged and compounded at monthly intervals and interest so charged will be capitalised. Interest rate is subject to revision from time to time as per the directives of Reserve Bank of India or as per the decision of the Board of Directors.
Service Charges	Minimum of Rs.50/- Rs.5/- per 1000/-