Purpose

• To existing/new borrowers to meet the expenses towards insurance premium to cover life, health, property, job loss etc.

Eligibility

• All new/existing borrowers of HL and NHL products.

Loan amount

• Minimum ₹ 15,000/- and Maximum to the extent of actual insurance premium amount within the permitted LCR/LTV norms.

Security

• Creation of further mortgage of the property already mortgaged.

Rate of interest

• Prevailing card rate

Repayment

• As per the tenure of the loan under the respective Linked HL/NHL loan product (Balance tenure in case of existing borrowers).