LIC Loans
Facility: Term Loan
Eligibility: Individual or Firm
Purpose:
Agricultural/Education/ Small Business/ Profession/any other to meet Short time Financial Requirements.
Security
LIC Bonds
Rate of Interest: 10.00% PA
Click here for updated interest rate
Loan Limit: Maximum Rs.100.00 Lacs
Max Loan period: 15 Months
Repayment: Monthly installment or by Bullet payment
Margin: Up to 85% of Bond Value/Surrender Value
Basic Documents:
» KYC documents of Borrowers and Guarantors.
» Fixed Deposit Bonds of our Bank.
