LOAN AGAINST DUAL ADVANTAGE FUND (DAF)

Eligibility

DAF investors above 18 years of age subject to following conditions:

i). Single/Joint holder(s) of SBI DAF

ii). The Investor(s) should have an SB account of SBI.

iii). The SB account and DAF should have identical name and PAN number.


Loan Amount

Minimum : Rs 25,000/-

Maximum :

i). DAF held in Demat form: Rs 20 Lacs

ii).DAF held in Physical form: Rs 10 Lacs.


Margin: 50%

INTEREST: Click Here


DOCUMENTATION

Pre-sanction

Post-sanction

PROCESSING FEE: 0.75% of the Loan Amount + applicable Tax

NOTE: The processing fee is fully waived from 1st January 2019 till 31st January 2019


Facility Type :Overdraft(Cheque book, Debit-cum-ATM card, INB facility can be extended)


SECURITY :Lien on the units.


Eligible Branches