Loan Financial Form Application For Lic Policy
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How to fill out Loan Financial Form Application For Lic Policy?
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FAQ
How to Check Your LIC Housing Finance Home Loan Approval Status OnlineVisit the official website of LIC Housing Finance Limited.Click on the 'Home Loans' tab and you will be directed to the following page:Click on 'Online Loan Application' on the left-hand panel and you will be directed to the following page:More items...
Steps to Avail a Loan Against LIC PolicyVisit the nearest LIC branch office.Fill out the loan application form.Submit the required documents.Once processed, the loan will be disbursed within 3-5days.
You can get a loan against a list of approved policies. These include unit-linked plans, endowment plans, whole life plans and income plans from many insurers. However, a term insurance policy may not entitle you to a loan.
You can borrow a loan against the surrender value of your policy, and not the sum assured of your policy. In most cases, you will only be able to borrow up to 80% of the policy's surrender value. You can apply for a loan against your LIC policy through online channels.
How much loan amount can I get on LIC policy? The loan amount is given on the basis of the surrender value of the LIC policy. The maximum loan amount that can be availed will be up to 90% of the surrender value. The maximum loan amount is 85% of the surrender value for a paid-up policy.