Get a loan against your life insurance policy at a very competitive interest rate. Flexible repayment from 1 month to 96 months with minimal paperwork and seamless online application.
People can get a loan depending on their insurance amount with the aid of a loan against an insurance policy. This kind of loan is simple to approve and needs minimal paperwork. Though popular worldwide, many people in India are still unaware of this smart option.
Very competitive interest rate — typically lower than the rate on traditional personal loans.
Flexible repayment choices with a tenure starting from 1 month to 96 months.
Obtain a principal loan amount with a high value depending on the amount of your insurance coverage.
Get multiple withdrawal facilities on the sanctioned amount. Pay only for the utilised portion.
Since insurance coverage is already in effect, eligibility rules are easier to meet compared to other loans.
Seamless online application with quick disbursal. Only minimal documentation is needed.
Flexible repayment with a foreclosure facility available for early loan closure.
Access to round-the-clock customer support throughout your loan tenure.
Compared to other types of loans, eligibility requirements for loans against insurance policies are quite flexible.
The interest rate for a loan against an insurance policy is determined by the number of premiums previously paid and the total number of premiums to be paid. The rate of interest decreases as the premium amount and quantity increase. This means the more premiums you have paid, the better the interest rate you can expect on your loan.
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