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LIC Loan
Starting From 14.00% P.A.
Yeshwant Nagari Sahakari Bank Ltd., Latur
Becoming A Promise Of Trust Today And Tomorrow...!
LIC Policy Loan
Avail of an instant low-interest loan by securing your Life Insurance Corporation (LIC) policies without disrupting your insurance cover. This credit facility lets you borrow against the accumulated surrender value of your traditional plans, offering a simple paperwork path, flexible repayments, and absolute safety of your future security.
Loan Purpose
Financial Needs
Eligibility Segment
Eligible LIC Policy
Key Features
- ➔ Loan Against Eligible Policy
- ➔ Simple Documentation
- ➔ Convenient Loan Process
Required Documents
- ✓ Original LIC Policy Document (Bond) in physical format
- ✓ Loan Application Form (LIC Form No. 5196 or specific bank assignment format)
- ✓ Deed of Assignment or Policy Assignment Form (LIC Form No. 3815)
- ✓ Standard KYC Documents
- ✓ Bank Account Statement for the last 3 months with a cancelled cheque for direct credit
- ✓ Latest Policy Premium Paid Receipt or Status Report from LIC
Starting Rate
14.00% P.A.
Max Loan Amount
₹ 5,000,000.00
Maximum Tenure
180 Months
(~15 Yrs)