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LIC Against Loan

For LIC policies, Individuals, Companies, Partnerships, Sole proprietorships, Hindu Undivided families (HUFs) can apply

Loans are granted only against LIC policies only.

Features :

  • Loan based on the value of your securities
  • Pledge your LIC policy in favour of Pune Commercial Co-operative Bank Ltd , get overdraft facility of up to certain value
  • Easy withdrawal
  • Withdraw the money as and when you require from a current account
  • Interest rate will be charged only on the amount withdrawn and for the time span utilised