LIC Policies Loans

Limit per Borrower:

  • 75% to 85% of Surrender Value or upto exposure limit
  • whichever is lesser OR
  • Maximum upto 15% of Tier 1 and 2 Capital Fund as per RBI norms.

Margin Money:

  • 15% to 25%

No. of EMIs:

  • Upto 05 Years
  • (B.O.D. reserves right to change according to repayment capacity of applicant).

Rate of Interest:

  • 11.00% upto 3 years
  • 12.00% above 3 years and upto 5 years

Guarantors:

  • Nil.

We considers Customers as Valued Customers and provides
Top Level Banking Services to make the bank more famous.