Secured loans
Loan against LIC / KVP / NSC
A loan against your LIC insurance policy, Kisan Vikas Patra (KVP) or National Savings Certificate (NSC).
Interest rate
12.00%
per year
- Interest rate
- 12%*
- Maximum loan
- ₹15,00,000
- Maximum period
- 12 months
- How much you get
- Up to 70% of surrender value
Members only
Rates can change
Borrow against your insurance policy or savings certificates without breaking them. Get up to 70% of the surrender value (the amount you would get if you cashed it in today), with quick approval at branch level.
Who is this for?
- Members who hold an LIC policy, KVP or NSC
- Anyone who needs money for medical costs, house repair or education
- Anyone who needs a loan for personal or business use
How does it work?
- Bring your LIC policy / KVP / NSC to the branch.
- Get it assigned in the society's name (assignment).
- A loan of up to 70% of the surrender value is approved quickly at the branch.
- Repay the loan within 12 months.
What can you use it for?
- Medical expenses
- House repair
- Children's education
- Buying household items
- Business and other needs
Features & benefits
- Loan available for personal use or business.
- Quick loan approval at branch level against insurance policies, Kisan Vikas Patra and National Savings Certificates.
- Loan limit up to ₹15 lakh.
- Loan period 12 months.
- Interest rate 12%*.
Who can apply
- You must be a member of the society.
- Loan is approved up to 70% of the surrender value of the LIC policy / KVP / NSC.
- The LIC policy / KVP / NSC must be assigned in the society's name.
Documents you need
Keep this list ready
- Borrower's photo on the loan application.
- Borrower's identity proof and address proof.
- The insurance policy must be eligible to be pledged, and all premiums up to date must be paid.
Rate table
Up to 12 months
12.00%
Maximum amount₹15,00,000
* Interest rates can change from time to time. · Rates as published on 15 September 2026
Work it out yourself
Enter the amount, rate and period to instantly see what you will receive or what your instalment will be.
= 1 year
Monthly instalment (EMI)
₹44,424
12.00% · 1 year
- Loan amount
- ₹5,00,000
- Total interest
- ₹33,093
- Total repayment
- ₹5,33,093
This is an estimate (interest is worked out monthly on the reducing balance). The actual EMI may differ slightly as per the society's rules. Please confirm at your branch.
Year-by-year repayment
| year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹5,00,000 | ₹33,093 | ₹0 |
Loan against LIC / KVP / NSC
Enquiry form
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