Loan on LIC Bonds

Pochampally Co-Operative Urban Bank offers loans against LIC bonds with the following terms:

• Loan Amount: Up to 70-90% of the surrender value of the LIC bond.
• Interest Rate: Currently, the interest rate is 14%.
• Repayment Period: The repayment period can vary depending on the loan amount and your repayment capacity.

How to Apply:

Visit the Bank Branch: Visit the nearest branch of Pochampally Co-Operative Urban Bank.

Required Documents: Prepare the necessary documents, including your LIC bond certificate, identity proof, address proof, and income proof.

Fill Out the Application Form: Fill out the loan application form provided by the bank.

Submit the Documents: Submit the completed application form and required documents to the bank.

Loan Processing: The bank will process your application and verify the documents.

Loan Disbursement: Once approved, the loan amount will be disbursed to your account.