LIC can fulfill your dream of owning your own house.
[ad_1]
Home Loan: Buying your dream home is everyone’s dream. But due to low income and high expenses, it is not possible to collect so much money at one go. In such a situation, the country’s most trusted insurance company, Life Insurance Corporation of India (Life Insurance Corporation of India – LIC) can help you. LIC will now give you home loan along with the security of insurance. Apart from this, sometimes people suddenly need money. In such a situation, you can also take a personal loan for hospital expenses, studies, marriage etc. However, to take a loan from LIC, it is most important that you have an insurance policy of the company.
Know how to get loan?
The loan given against the policy of Life Insurance Corporation of India is a collateral i.e. secured loan. If a person is unable to repay this loan, then in such a situation the entire loan amount is deducted from him after the maturity of the policy. In this the policy bond is kept as a guarantee. If you also want to take loan from LIC then go to LIC website. The option of e-services will appear there. In this you can enter your policy number and see how much loan you can get. Currently, loan is being given by LIC at 8.35 percent, which can be up to a maximum of Rs 20 crore.
Also Read: Bank FD or Mahila Samman Savings Certificate, which will give more returns, understand the whole thing here
How much loan will you get against a policy?
According to LIC rules, two things are important in loan. What is your policy? What is your surrender value? The loan amount is decided on this basis. You can take a loan up to 85 percent of your surrender value. However, the policy premium must be deposited for at least three years. Loan is not available if the policy is older than this. You can apply for loan both online and offline. If you want to apply for your loan online then go to e-services and login. After giving complete information, you will have to upload documents for KYC. However, after this you will also have to send the document to LIC office. After all the documents are correct and verification is done, the loan is usually approved within 5 to 7 working days.
[ad_2]
Source link
