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Features of Loan Against LIC, NSC, KVPM

The LIC, NSC or KVPM acts as collateral for borrowing loan which individuals can use for their own personal or commercial needs.

Tenure of 1 year

Processing Fees 1%

ROI 15%



  • Hassle-free Loan Processing.
  • Quick disbursal.
  • Minimal documentation.
  • No guarantors.
  • Maximum loan limit is 60% to 70% of surrender value.
  • Maximum loan tenure is 1 year.
  • Pre-Payment Penalty : 2% Penalty charges.

ROI & Handling Charges

  • Rate of Interest is 14%.
  • Processing Fees : 1%
  • No Handling Charges.


  • Applicant must have a valid LIC policy.
  • The LIC policy used for obtaining loan has guaranteed surrender value.
  • At least 3 years of LIC premium has to be paid in full.
  • An individual applying for a loan should prove that he/she is the owner of the NSCs against which a loan is being availed.
  • The applicant must have the Kisan Vikas Patra certificate in their own name.
  • Age = 18 to 70 years.

Documentation & Security

  • In case of new customer, applicant & guarantors need to open savings / current account
  • Duly filled form with :
    • Residential Proof of Applicant
    • PAN Card of Applicant
    • KYC of Applicant

Share Holdings

  • Nominal membership.

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