LIC Personal Loan: Due to Coronavirus, people are going through economic crisis.
In such a personal loan can be a good option.
-LIC is giving you the facility of loan sitting at home. If you need a loan, you can apply for a loan at LIC.
For this, you should have a LIC policy. Only then you can take advantage of this facility.
new Delhi.
LIC Personal Loan: Due to Coronavirus, people are going through economic crisis. In such a situation, everyone is feeling the need of money. In such a case, personal loan can be a good option. But, it is also not right to go to the bank for an online loan in Corona crisis. This way LIC can remove your problem. Yes, LIC is giving you loan from home. If you need a loan, you can apply for a loan at LIC. However, for this, you should have a LIC policy. Only then you can take advantage of this facility.
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LIC customers will get the benefit,
let us know that LIC is offering personal loans to its existing customers. If you have also bought an insurance policy, then you can take a loan in lieu of the premium amount. You can apply for a loan sitting at any time. The best thing is that you will not have to repay this loan. Because the company will deduct the loan amount when the policy matures and the remaining money will be returned to you. It will be beneficial that you only have to repay the loan interest.
LIC loan terms To
take a loan, you must have a LIC policy. You have paid premium for at least three years before applying for a loan. You are over 18 years of age. You can take a loan up to a maximum of 90% of the surrender value of the policy. If your LIC policy is paid up, then you can take a loan up to 85% of the surrender value.
How much will be the interest? On
the loan taken in lieu of LIC policy, you will have to pay interest at the rate of 9%. You can avail this loan for a period of at least six months.
How to apply For a
loan from LIC, you can apply online from the LIC website https://www.licindia.in/home/policyloanoptions. Here you have to fill in a form. You will have to scan your signature and upload it on the website. After this you will get a loan.
