Make your securities work harder for you.

Avail hassle-free advance against security of life insurance.

  • विशेषताएं
  • पात्रता
  • ब्या्ज दर और प्रभार
  • सबसे महत्वपूर्ण नियम और शर्तें (एमआईटीसी)

Baroda Advance Against Securities( Life Insurance Policies) : विशेषताएं

Type Of Facility Term/Demand Loan & Overdraft
Minimum Loan Limit Term Loan / Demand Loan : Rs.3,000/-
Overdraft: Rs.20,000/-
Maximum Limit Per Individual No Ceiling
Others Life insurance policies issued by private insurance companies can also be accepted as security for considering advances under this scheme.

Baroda Advance Against Securities( Life Insurance Policies) : पात्रता

  • Resident Individuals aged 21 years and above

Baroda Advance Against Securities( Life Insurance Policies) : ब्या्ज दर और प्रभार

उत्पाद शर्तें रेपो रेट + स्प्रेड प्रभावी ब्याज दर
जीवन बीमा पॉलिसी के एवज में ऋण, राहत बॉड / सरकारी बॉड की प्रतिभूतियों के एवज में ऋण
मांग ऋण / मीयादी ऋण
Repo Rate + Spread
बीआरएलएलआर + एसपी + 1.50%
Effective Rate of Interest
Repo Rate + Spread
डीएल/ टीएल पर लागू ब्याज दर से 0.25% अधिक अर्थात केवीपी दर से 1.25% अधिक अथवा बीआरएलएलआर+ एस.पी. + 1.75%
Effective Rate of Interest

प्रोसेसिंग शुल्क
  • Rs.500 + जीएसटी

Baroda Advance Against Securities( Life Insurance Policies) : सबसे महत्वपूर्ण नियम और शर्तें (एमआईटीसी)

  • Advance to third party is not permitted.
  • Endowment policies participating in profits will be preferred.
  • The policies where the premiums are paid for at least -03- years will be accepted.
  • Whole Life policies will not be accepted.
  • Policies issued under Married women’s property Act, 1874 will not be accepted.
  • Policies assigned to a minor will not accepted.

अक्सर पूछे जाने वाले प्रश्न

  • Can we get a loan against our insurance policy?

    Yes, you can definitely apply for one.

  • What is the minimum amount for a loan against an insurance policy? (In bullet points)

    Minimum: Loan Rs.3,000
    Overdraft: Rs.20,000
    Maximum: No ceiling 

  • What is the interest rate for LIC loans against policies?

    Presently, the rate of loan against insurance policies is 9.20% to 9.45%.

  • Can we take out a loan against our LIC policy online?

    No, presently, online facilities are not available.

  • How to get a loan on my insurance policy?

    For a loan secured by LIC policies that has been assigned to a lending bank, one must go to a closer branch.

  • What are the advantages of taking a loan against the policy?

    It comes with a competitive ROI and is hassle-free.

  • How much can I avail as a loan?

    80 to 85% of the surrender value of the policies.

  • What about the repayment tenure of the loan?

    Loan: Maximum 60 months

    Overdraft: 12 months subject to annual review

  • Is it possible to get a loan against any insurance policy?

    Loans secured by insurance policies are not available. In general, a bank may only permit loans secured by endowment policies.

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This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.

The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.

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हम अपनी वेबसाइट पर आपके अनुभव को बढ़ाने के लिए कुकीज़ (और इसी प्रकार के उपकरण) का उपयोग करते हैं। हमारी कुकी नीति, गोपनीयता नीति और नियम एवं शर्तों के बारे में अधिक जानने के लिए, कृपया यहां क्लिक करें। इस वेबसाइट को ब्राउज़ करना जारी रखते हुए, आप कुकीज़ के उपयोग हेतु सहमति देते हैं और गोपनीयता नीति एवं नियम और शर्तों से सहमत होते हैं।