Personal Loan Scheme For LIC Of India Employees

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Personal Loan Scheme For LIC Of India Employees

Get a Personal Loan for LIC employees with no processing, documentation, or prepayment charges. Flexible repayment options up to 72 months.

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Details for Personal Loan Scheme For LIC Of India Employees

The Personal Loan Scheme for LIC of India employees offers a flexible repayment plan, with the entire loan to be repaid within the remaining service period (up to 72 months). Enjoy zero prepayment, processing, and documentation charges. The interest rate varies based on whether the employee has a salary account with the bank. A great option for LIC employees seeking financial flexibility with minimal additional costs.

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Loan Amount

Up to 24 times of Gross Monthly Salary with a maximum of Rs.20.00 Lakh depending upon the repaying capacity

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Interest Rate

LIC employees having salary account with us RLLR +BSP LIC employees not having salary account with us RLLR +BSP +0.50%

CIBIL Score

  • A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Nature of Employment

  • All Confirmed/ permanent employees of Life Insurance Corporation of India (LIC)

Minimum Monthly Income

  • Nil security if salary credited in account is more than Rs. 75000/- per month in last 3 months.
  • In all other cases - Suitable third party guarantee acceptable to the Bank.

Minimum Work Experience

  • All Confirmed/ permanent employees of Life Insurance Corporation of India (LIC) with minimum 1 years of service.

Features

  • The entire loan (principal & interest) shall be repaid within remaining period of service or in maximum 72 (Seventy two)
  • Prepayment Charges Nil
  • Processing Charges/ Upfront Fee Nil
  • Documentation Charges Nil

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₹10,000₹1,00,00,000

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Personal Loan Scheme For LIC Of India Employees EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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