Providing all banking facilities at a single platform.
Personal Loan Scheme for LIC employees
To meet all types of personal needs.
All Confirmed/ permanent employees of Life Insurance Corporation of India (LIC) with minimum 1 years of service.
Up to 24 times of Gross Monthly Salary with a maximum of Rs.20.00 Lakh depending upon the repaying capacity
Nil
Nil security if salary credited in account is more than Rs. 75000/- per month in last 3 months.
In all other cases - Suitable third party guarantee acceptable to the Bank.
The entire loan (principal & interest) shall be repaid within remaining period of service or in maximum 72 (Seventy two)