LIC Loan Schemes 2026 & Options: Applying for personal loan is too easy procedure but getting the loan approval is quite difficult as you have to follow many term and conditions of the bank including higher interest rates, pre decided EMI to repay the loan amount, Good cibil score etc. However there is a special facilities for loan for those customers who have LIC policy. LIC is providing loan facilities to their existing customers or investor where you can get low interest rates loan amount with flexible EMI tenure. So if you have existing LIC policy then you can check this article and apply for personal loan according to your need.
Many citizens invest in the life insurance policies for their better future and backup for their family. There are additional facilities for policy holders provided by LIC company including personal loan facilities which can be used for any emergency. There is no additional terms and conditions and limitations for the Government and you can get the loan according to your investment in the LIC Policy 2026. It is very easy to apply and get approval for LIC personal loan over your bad CIBIL score.
Features of LIC Loan Schemes 2026
- Applicant can apply for loan in their LIC scheme over the bad cibil score as cibil score will not be considered and checked by the company while providing LIC loan.
- The loan amount for LIC scheme is decided according to the investment in the policy and you can get up to maximum 90% amount for loan from your investment.
- The repayment facilities are very easy and according to the customer as you can select the EMI according to your monthly income and other conditions.
- Applicants are not asked any security amount while applying for LIC loan as company will automatically considered your existing policy as a security amount in the bank and it will provide you dual benefits has you can get personal loan and can also get benefit of the LIC scheme after completing the maturity.
- Applicants are not forced to submit loan amount or repay the LIC loan to the bank has if you do not submit the loan amount then bank will automatically manager accounts with your existing investment in a policy and at the time of completing the maturity you will get amount after deduction of all the charges of loan amount.
Eligibility criteria
There is no specific eligibility criteria for applicants while applying for LIC loan scheme but their age should be more than 18 years old while applying for loan. However only those customers can apply who are owning any LIC plan. It is also important to complete at least 3 years after investment in the LIC so you will get approval your loan amount easily. Apart from this if you need not to Follow any other eligibility criteria as you have already invested in the company for your insurance so they will provide you there benefits also.
Apply for LIC loan 2026
If you are interested to apply for LIC loan then you will get both facilities of applying has online or offline mode. However if you are choosing the offline mode then you should visit your branch where you are owning the LIC policy and after that the policy provider will give you application form and after that you will get loan amount once you submit the application. But if you are going to apply for LIC loan through online mode then you have to follow this procedure:
- Visit to the official website of the LIC provider.
- Now you will reach on the dashboard of the website where you have to click on the login link and enter your customer id and password for reaching the dashboard
- Once you access your personal dashboard on the LIC provider company then you can select the link of LIC loan and after that provide person details
- If you are eligible for the LIC loan then you can access the portal automatically otherwise company will not show you the loan section
- Once you submit the application form you have to wait for few time and after that you will get approval.
Top Instant Loan Apps Without CIBIL Score 2026
Top Loan App List in India 2026
CIBIL Score 750+ Kaise Kare? 100% working method to increase CIBIL 2026
