WebYou can get a loan against insurance policy starting at Rs 2 lakh, and up to 80% of the surrender value of the policy you pledge. What do I need to do to get a loan against LIC … WebRegistered users can avail of LIC WhatsApp services including – premium due date information, policy status, loan eligibility and more through the WhatsApp chatbot. Enjoy LIC WhatsApp services at your convenience anytime, anywhere by jus sending ‘Hi’ to LIC WhatsApp number. With its 24/7 availability, cost-effectiveness, and excellent ...
How to apply Loan Against LIC Policy online - Times of India
WebFeb 2, 2024 · These secured personal loans against LIC policy are available at an interest rate starting at as low as 9% p.a. and come with a repayment tenure ranging up to 5 years. You can avail a loan amount up to 90% of the policy’s surrender value to meet various personal financial needs, such as medical expenses, marriage, higher education, etc. WebProcess to apply for a loan against LIC policy: You need to complete a loan request form to apply for a loan against your LIC policy. You can get this document either from LIC website or you can call the customer care to get the document. cal state east bay spring 2022 calendar
What is the rate of interest for loan taken on LIC bond? - Quora
WebHow much loan amount can I get on LIC policy? The loan amount is given on the basis of the surrender value of the LIC policy. The maximum loan amount that can be availed will be up to 90% of the surrender value. The maximum loan amount is 85% of the surrender value for a paid-up policy. The following are some of the key terms and conditions related to loan against life insurance policy issued by LIC: 1. Minimum tenure for a loan against LIC policy is 6 months 2. Applicants will have to pay at least 6 EMIs before they can prepay their loan 3. In case the policyholder dies, the interest will be calculated till … See more The following is a list of key personal loan documentsthat need to be provided in order to apply for this secured loan: 1. Duly filled application form along with passport-sized … See more Life Insurance Corporation of India does not provide a separate loan portal. Hence you need to register and log into the LIC eServicesportal in order to access online services related to your LIC policy loan. See more Under existing rules, the maximum loan amount that can be sanctioned in case of a loan against LIC policy is up to 90% of the surrender value … See more The minimum tenure for which a loan against LIC policy is granted is 6 months. Even if a longer tenure loan is prepaid, the minimum period … See more WebCan we get a loan against our insurance policy? Yes, you can definitely apply for one. What is the minimum amount for a loan against an insurance policy? (In bullet points) Minimum: Loan Rs.3,000 Overdraft: Rs.20,000 Maximum: No ceiling What is the interest rate for LIC loans against policies? cal state east bay student housing