We provide loans to individuals by accepting RD/FD Receipts, Government securities and term life insurance Policies (we will sanction loan based on life insurance paid up value) as collateral security.
Loan will be permitted on deposits for the remaining period of the deposit or one year whichever is less up to 80% of the deposit amount. Furthermore, the maturity dates of such securities must be beyond the maturity of the loan term or after one year (whichever is earlier).
Required documents:
Following documents are mandatory for availing any loan under Jayapriya Nidhi limited:
- Filled loan application and Proposal Form along with Promissory Note.
- KYC Document (Aadhaar, Bank Pass book).
- Collateral document.
