Against the security of Life Insurance

RSABN Advance Against the security of Life Insurance Policies

Nature of facility:

• Term Loan = 12 months

Margin:

• 35% of surrender value, if the insurance policy is maturing within a period of less than 3 years.
• 40% of surrender value, if the residual maturity period is 3 years and above.

Amount of advance:

• Minimum & maximum
• Demand Loan : Rs.3000/- to Rs.100000/-

Loan INTREST

18% + RS. 100/- FILE CHARGES