LIC home loan interest rates ranging from 8.35% - 8.95%. LIC has a special place in people’s heart as it has helped them in living their dream by providing them the desirable home loans. The upper limit of the fund is high and most importantly it comes with affordable housing rates.

The rate it interest on a lic policy is 9.5% p.a, payable half Yearly. A word of caution, Once you avail a loan please pay your int regularly. There will be no reminders from lic, neither will you get a call that your interests are over due. Many people take loans and forget to pay interest. LIC Housing Finance Home Loan Interest Rates. LICHFL offers home loans at attractive rates ranging from 8.40% to 8.50% p.a. The processing fee starts from Rs.10,000 and can go up to Rs.15,000 on the home loan, excluding GST. Now Rs 13,00,000 is not ur interest its from bonus which LIC gave u on ur investment and thats compounded approx 8% per year. u can calculate like this. First year its 35000. 2nd year 35000*8%=2800+35000=37800/. LIC home loan interest rates ranging from 8.35% - 8.95%. LIC has a special place in people’s heart as it has helped them in living their dream by providing them the desirable home loans. The upper limit of the fund is high and most importantly it comes with affordable housing rates. Conditions for Taking the Loan (LIC New Jeevan Anand) The loan can be availed only after you have paid premium for three years. The maximum loan amount is 90% of the Surrender Value (85% in case of paid up policies) of the policy at the time of making application.

Interest on loan should be repaid every month. Security: Lien marked certificate of NSC / KVP by the issuing post office in favour of the Bank and to be 

Loan against LIC policy can be a cheaper alternative to personal loans. Do note interest rate is important . 10.5% may be okay. However, if you get a loan at 13-14%, it may be prudent to actually surrender the plan and use the proceeds for your requirement rather than taking out a loan against the same LIC policy. Calculate the loan you shall avail on your LIC policy. The loan on LIC policies will be charged with an interest rate of 9.5% per annum compounded halfyearly. Features of Loan Against LIC Policy. # The maximum loan amount available under the policy is 90% of the Surrender Value of the policy (85% in case of paid up policies) including cash value of the bonus. # All policies are not eligible for loans (like term life insurance). Interest rates are subject to change and rate applicable will be the rate prevalent on the date of credit of cheque/Transfer in company's Bank Account.

Most lenders charge an interest rate of between 9% and 11% p.a. on loans taken against LIC life insurance policies. Documents Required to Borrow a Loan 

LIC policy Loan - Step by Step Process, Eligibility, Documents, Features, List Interest: This loan is available at a competitive rate of interest, starting at 10.50%.

27 Apr 2018 The interest rate is cheaper compared to personal loan. Repayment of the loan is also online on LIC portal which makes this option more lucrative 

Loan Against LIC Policy - If you choose an LIC policy that is of endowment type, then you are allowed to take a loan against your policy if you need urgent funds. It is clearly mentioned in the policy agreement.. Loan against LIC policy is a secured loan with low interest rates. Usually, the rate of interest will be 10% payable on a half yearly basis. The amount of loan you are eligible for depends on the surrender value of your policy. So, you may get fewer amounts if you apply for a loan in the initial years of your policy. Loan against LIC policy can be a cheaper alternative to personal loans. Do note interest rate is important . 10.5% may be okay. However, if you get a loan at 13-14%, it may be prudent to actually surrender the plan and use the proceeds for your requirement rather than taking out a loan against the same LIC policy. Calculate the loan you shall avail on your LIC policy. The loan on LIC policies will be charged with an interest rate of 9.5% per annum compounded halfyearly. Features of Loan Against LIC Policy. # The maximum loan amount available under the policy is 90% of the Surrender Value of the policy (85% in case of paid up policies) including cash value of the bonus. # All policies are not eligible for loans (like term life insurance).

The rate of interest on the loan against your policy is 10.5% in a year. Here too the interest is compounded in every 6 months (half yearly). LIC Jeevan Rakshak: This is another one of the popular policies of LIC which offers loan to the policyholder against the policy.

Now Rs 13,00,000 is not ur interest its from bonus which LIC gave u on ur investment and thats compounded approx 8% per year. u can calculate like this. First year its 35000. 2nd year 35000*8%=2800+35000=37800/. LIC home loan interest rates ranging from 8.35% - 8.95%. LIC has a special place in people’s heart as it has helped them in living their dream by providing them the desirable home loans. The upper limit of the fund is high and most importantly it comes with affordable housing rates. Conditions for Taking the Loan (LIC New Jeevan Anand) The loan can be availed only after you have paid premium for three years. The maximum loan amount is 90% of the Surrender Value (85% in case of paid up policies) of the policy at the time of making application. LIC easily allows loans to policyholders for up to 90% of the surrender value of the policy, including cash value of bonus. The only condition is that the policy need to be assigned in favour of the LIC. The interest rates charged by LIC are less than the interest rates charged on loan against public provident fund scheme. Under the PPF scheme The rate of interest on the loan against your policy is 10.5% in a year. Here too the interest is compounded in every 6 months (half yearly). LIC Jeevan Rakshak: This is another one of the popular policies of LIC which offers loan to the policyholder against the policy. Loan against LIC policy have flexibility in repayment schedule, the borrower can choose to pay only interest or both principal and interest or pay uneven installment. Lower rate of interest : Rate of interest against LIC policy is lower as compared to other types of loans.

Interest rates are subject to change and rate applicable will be the rate prevalent on the date of credit of cheque/Transfer in company's Bank Account.