Low interest & no credit score for this loan..?
Various loans, including personal loans, are subject to higher interest and service charges when taken from a bank. Also, the credit score is definitely checked, but if you take a loan through lic policy then you don't need to worry about the credit score. Not only that, you can get a loan at a low-interest rate. In that way, if you have a lic policy, now let's see how to get a loan through it. If you have a lic insurance policy, you can get a loan against it. The insurance company does not check your status before giving this loan. Instead, the insurance company only looks at your insurance policy. If your insurance policy is loanable, you can get a loan easily and quickly.
If you have an insurance policy with lic, you can easily get a loan on it. There is no need to cancel or surrender the insurance policy for this loan. You only need to have the necessary documents for such a loan. This includes address proof, identity documents, and lic policy documents. There are many advantages of taking a loan against lic policy. For one, it is cheaper than personal loans from banks. At the same time, there are no hidden charges including service charges in this type of loan. Moreover, no credit score is required for this type of loan.
If you are a policyholder of lic, you can get a loan of 80 percent to 90 percent of the surrender value of the insurance policy. lic usually offers this loan at 10 percent interest. Apart from this, this loan is available for a very short period. Generally, if you have all the documents, you can get this loan in 3 to 5 days.
This loan is available against your insurance policy. Due to this, you do not need to pay the loan in installments. You can repay this loan at your convenience. The loan amount will be deducted from the maturity amount of your policy even if the repayment is not possible.
Various loans, including personal loans, are subject to higher interest and service charges when taken from a bank. Also, the credit score is definitely checked, but if you take a loan through lic policy then you don't need to worry about the credit score. Not only that, you can get a loan at a low-interest rate. In that way, if you have a lic policy, now let's see how to get a loan through it. If you have a lic insurance policy, you can get a loan against it. The insurance company does not check your status before giving this loan. Instead, the insurance company only looks at your insurance policy. If your insurance policy is loanable, you can get a loan easily and quickly.
If you have an insurance policy with lic, you can easily get a loan on it. There is no need to cancel or surrender the insurance policy for this loan. You only need to have the necessary documents for such a loan. This includes address proof, identity documents, and lic policy documents. There are many advantages of taking a loan against lic policy. For one, it is cheaper than personal loans from banks. At the same time, there are no hidden charges including service charges in this type of loan. Moreover, no credit score is required for this type of loan.If you are a policyholder of lic, you can get a loan of 80 percent to 90 percent of the surrender value of the insurance policy. lic usually offers this loan at 10 percent interest. Apart from this, this loan is available for a very short period. Generally, if you have all the documents, you can get this loan in 3 to 5 days.This loan is available against your insurance policy. Due to this, you do not need to pay the loan in installments. You can repay this loan at your convenience. The loan amount will be deducted from the maturity amount of your policy even if the repayment is not possible.