Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Eligible collateralNational Savings Certificates VIII Issue or Kisan Vikas Patras owned by the borrower and transferable by the issuing post office to SBI as securityView source
Third-party certificates are not accepted under the published eligibility rules.
- Source
- Loan against /
- Page / section
- Eligibility and Eligible security
- Accessed
- 13 Aug 2026
- Confidence
- high
Maximum financeUp to 60% of certificate face value plus accrued interest, with no published rupee ceiling while the required margin is maintainedView source
The percentage is a ceiling, not an entitlement.
- Source
- Loan against /
- Page / section
- Features
- Accessed
- 13 Aug 2026
- Confidence
- high
Published margin40% of certificate face value plus accrued interestView source
Outstanding borrowing must stay within the certificate's maturity value.
- Source
- Loan against /
- Page / section
- Features — Margin
- Accessed
- 13 Aug 2026
- Confidence
- high
Current published rate11.20% p.a. effective 15 August 2025, based on one-year MCLR of 8.70% plus 2.50%Effective 15 Aug 2025View source
The current rate table supersedes the stale May 2024 rate embedded on the product page.
- Source
- Loans Against Securities and Bank Time Deposits — Rate of Interest
- Page / section
- Loans Against Securities rate table
- Accessed
- 13 Aug 2026
- Confidence
- high
Repayment periodAligned to the remaining maturity of the pledged NSC or KVP; outstanding must not exceed certificate maturity valueView source
No universal month count is inferred because the certificate's remaining maturity governs.
- Source
- Loan against /
- Page / section
- Repayment
- Accessed
- 13 Aug 2026
- Confidence
- high
Processing fee0.35% of loan amount, minimum ₹500 and maximum ₹2,500, plus applicable GSTView source
The page also states that no prepayment penalty applies.
- Source
- Loan against /
- Page / section
- Features — charges
- Accessed
- 13 Aug 2026
- Confidence
- high
Facility and channelDemand loan or overdraft through SBI branches onlyView source
The reviewed page does not publish a digital application route.
- Source
- Loan against /
- Page / section
- Features — Type and Availability
- Accessed
- 13 Aug 2026
- Confidence
- high
Loan typeDemand loan or overdraft secured by National Savings Certificates (NSC VIII Issue) or Kisan Vikas Patras (KVP). Branch channel only.View source
The official page states the demand-loan/overdraft modes and the / pledge requirement.
- Source
- Loan Against or
- Page / section
- Type of loan; Eligible security; Availability
- Accessed
- 28 Aug 2026
- Confidence
- high
TenureRepayment period matches the remaining maturity of the pledged NSC/KVP; outstanding must not exceed the certificate maturity value.View source
The current page ties repayment to certificate maturity and sets the maturity-value ceiling.
- Source
- Loan Against or
- Page / section
- Repayment; — repayment period
- Accessed
- 28 Aug 2026
- Confidence
- high
Prepayment / foreclosureNo prepayment or foreclosure charges are published for the NSC/KVP facility.View source
The official answers that there are no pre-payment or foreclosure charges.
- Source
- Loan Against or
- Page / section
- — pre-payment / foreclosure charges
- Accessed
- 28 Aug 2026
- Confidence
- high
APRSBI publishes an effective interest rate for NSC/KVP loans, but no separate APR figure or APR calculation appears on the reviewed page or linked official rate table.Effective 15 Aug 2025View source
Both reviewed official sources quote interest and processing charges, but no field or calculation is provided.
- Source
- Loan Against or and official rate table
- Page / section
- Full product page; linked Loans Against Securities rate table
- Accessed
- 28 Aug 2026
- Confidence
- high
Rate basisOne-year MCLR plus 2.50 percentage points; the SBI rate table lists 8.70% one-year MCLR and 11.20% effective interest for NSC/
The published table lists Loan against /at 8.70% one-year , a 2.50% spread and 11.20% effective interest.
- Source
- Loans Against Securities — rate table
- Page / section
- Loan against / — effective interest rate
- Accessed
- 29 Aug 2026
- Confidence
- high
Maximum loan amountNo fixed rupee ceiling is published; the loan can be up to 60% of the NSC/
The product page states up to 60% of face value plus accrued interest and no maximum ceiling provided the stipulated margin is maintained.
- Source
- Loan against / — official product page
- Page / section
- Features and 5 — loan amount
- Accessed
- 29 Aug 2026
- Confidence
- high
Benefits and features
- Borrowing against or 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 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
- Eligible original or ownership evidence
- Post-office transfer and security documentation
- savings-account details
Related official documents
Loan against NSC/KVP — SBI official product pageofficial-product-page · current · accessed 29 Aug 2026
↗Loans Against Securities — SBI rate tableofficial-product-page · current · accessed 29 Aug 2026
↗SBI Loans Against Securities — official product pages and rate tableofficial-product-pages-and-rate-table · current · accessed 28 Aug 2026
↗SBI Loans Against Securities and Bank Time Deposits — Rate of Interestofficial-interest-rate-page · current · accessed 13 Aug 2026
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