Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Eligible collateralNational Savings Certificates VIII Issue or Kisan Vikas Patras owned by the borrower and transferable by the issuing post office to SBI as security
Source 1Maximum financeUp to 60% of certificate face value plus accrued interest, with no published rupee ceiling while the required margin is maintained
Source 2Published margin40% of certificate face value plus accrued interest
Source 3Current published rate11.20% p.a. effective 15 August 2025, based on one-year MCLR of 8.70% plus 2.50%Effective 15 Aug 2025
Source 4Repayment periodAligned to the remaining maturity of the pledged NSC or KVP; outstanding must not exceed certificate maturity value
Source 5Processing fee0.35% of loan amount, minimum ₹500 and maximum ₹2,500, plus applicable GST
Source 6Facility and channelDemand loan or overdraft through SBI branches only
Source 7Benefits and features
- Borrowing against NSC or KVP without immediate encashment
- Demand-loan and overdraft choices
- No published rupee ceiling when margin is maintained
- No published prepayment penalty
- Same-day sanction described as normal, not guaranteed
Eligibility
- The applicant must be at least 18 and own the pledged certificates.
- A non-customer must first open an SBI savings account.
- The issuing post office must transfer the certificate as security.
- Use is general-purpose but not speculative.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Branch loan application and KYC
- Eligible original NSC or KVP ownership evidence
- Post-office transfer and SBI security documentation
- SBI savings-account details