LIC Loan
- Loan holder must be a member of the bank.
- Eligible applicants include individuals, salaried employees, businessmen, and self-employed persons.
- Loan will be available on the basis of current income of the individual. Loan amount can be sanctioned up to 5 times of the existing salary.
- Duly filled in Account Opening Form
- Residential proof: Light Bill, Passport, Voter ID, Driving Licence
- Photo ID proof: PAN Card, Aadhaar Card
- 2 latest photographs
- Latest 3 months’ salary slips, ITR, Form No.16, Bank A/c Statement
- 80% of surrender value
- Other Terms and Conditions Applicable