Loan against LIC Policy :- 

We are providing loans against LIC policies.Rate of interest is 18%. Period maximum 1 year or the left over period for
maturity of policy whichever is earlier. 125% surrender value.

Fulfil all your dreams with Policy Loan....!

• Attractive interest rates
• Avail loan amount 125% S.V
• Simple documentation & quick disbursal
• Convenient loan repayment (12 - 36months)

Purpose of Loan

• Up-gradation, renovation and extension of residential property.
• Medical, emergency expenditure for maintenance of family.
• To meet the Wedding Expenditure.
• Major Surgical operation.
• For expansion of your existing business or begin a dream venture.
• Meeting any other genuine need as may be specified by the Borrower and agreed to by the Lender.
• Planning to start a small Business.

Quantum of Finance

As per eligibility and Income Earning Capacity.

Repayment Details

By EMI or Regular.

Processing Charges & Service Tax,

Processing Fees and Other Charges (Inclusive) PLUS Service Tax as applicable.

Supporting Documents for Loan Sanctioning

Photo Identity Proof:

• – Pass port
• – PAN card
• – Voters Identity Card
• – Driving License

Residence Proof:

• – Telephone Bill
• – Letter from any recognized Public Authority
• -Electricity Bill
• – Ration Card
• – Letter from employer subject to satisfaction on Bank
• – Properly Tax Book/Receipt
• – Registered Lease Deed
• Application on Prescribed form
• Two photographs of Borrower and Guarantors
• Address proof of Borrower and Guarantors (copy of Ration Card, Election card, Telephone bill, Driving License etc.)
• Income proof, Copy of Income Tax Return, Financial Statement of the Firm, Sales Tax returns etc.
• Profile of Guarantors.
• Loan should be guaranteed by three financially sound Guarantors having net individual worth twice the loan amount.
• Any other marketable security.