LIC Loans

Loan against Life Insurance Policy.

Limit per Borrower: 90% of Surrender Value or Rs.100.00 lacs
Whichever is lesser OR
Maximum upto 15% of Tier 1 and 2 Capital Fund as per RBI norms.
Margin Money: 10%
No. of EMIs: 60
(B.O.D. reserves right to change according to repayment capacity of applicant).
Rate of Interest: As per policy determined by B.O.D. keeping In view prevailing Market Rates, subject to Verification.
Guarantors: Nil.