LIC से लोन कैसे ले? LIC Instant Personal Loan/Without Any documents/Get ₹-10,000 to 500000 on your LIC Policy
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Personal Loan: www.lic-personal-loan-interest
Features of LIC Personal Loan. This loan can be availed by LIC policy holders.
The applicant will only be eligible after they have paid 3 years of the insurance premium.The amount given as loan will be up to 90% of the surrender value.
The interest charged on the loan will be close to 9%.
Life Insurance Corporation (LIC) is a government owned insurance company headquartered in Mumbai.It is the largest insurance company in India. Apart from its wide portfolio of insurance products,LIC also offers its policy holders the opportunity to avail personal loans against their policies. This is a great option for LIC policyholders as they can avail personal loans at low interest rates
and pay them back over a period of time with affordable EMIs. It must be noted that since these are personal loans, there is a limit to the amount that can be borrowed. Even though, these loans are great for small and medium expenses.
Interest Rate - 12% – 14%
Loan Tenure - 5 years
Loan Amount - 90% of the policy’s surrender value
Pre-payment Charges - Nil
Foreclosure Charges - Nil
Features of LIC Personal Loan
1. This loan can be availed by LIC policy holders
2. The applicant will only be eligible after they have paid 3 years of the insurance premium.
3. The amount given as loan will be up to 90% of the surrender value.
4. The interest charged on the loan will be close to 9%.
5. If the debt crosses the surrender value, then LIC will terminate the policy.
6. If the policy matures before the loan has been repaid, LIC will deduct the loan amount from the policy amount.
7. The loan amount given by LIC is an advance given against your surrender value.
8. Once the policy is given, LIC will have an absolute right over your policy.
Benefits of Availing an LIC Personal Loan
Low Additional Charges:
LIC does not charge any processing and pre-closure fee. This helps the applicant save money.
No Credit Score:
LIC does not check an applicant’s credit score before giving them a loan.This makes it easier for individuals who are applying for a loan for the very first time or are trying to consolidate or pay off outstanding debt.
Brand:
LIC is the biggest insurance company in India with a large and loyal customer base. LIC is undoubtedly amongst the most reliable financial companies in India.
LIC Personal Loan Eligibility:
Age:
The applicant should be at least 18 years of age.Applicants not meeting these requirements are instantly rejected.
Income:
LIC has a salary bracket that the applicant must fulfil in order to avail the loan. This varies based on various factors.
Job Stability:
Applicants working for reputed companies find it much easier to avail a loan.
Employees working in reputed companies have stable jobs. Similarly, it is required that the applicant should ideally be working in their company for a long period of time before they apply for a loan.
Loan Amount:
It is important for the applicant to apply for a loan amount that they can comfortably pay back.The loan eligibility is decided on the basis of the income of the applicant.The bank will not give a loan to an individual they feel will not be able to pay back the amount.
Policy Holder:
It is imperative that the applicant be an LIC policy holder. Also, the policyholder can apply for the loan only after paying 3 years of insurance premiums.
Nationality:
The applicant must be a resident of India.
Documents Required for LIC personal Loan:
1. Application form
2. Passport size photograph
3. Income Tax Returns Copy
4. Id Proof: Drivers Licence/Passport/Voter Card
5. Residence Proof: Utility bills/Rent Agreement/Passport
6. Income Documents: 3 months’ salary slip, 2 years Form 16,
7. 3 months bank statement of salary account
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