Business Loan in Kota

Prakash Associates is a reliable name when it comes to seek Business Loans Consultancy. We offer relevant Business Loans Solutions to the clients, who are planning to take Business Loans from LIC. Many of LIC plans are of endowment type and you would be allowed to raise a loan against your policy to get the funds. You repay the loan with interest or continue paying the interest and allow the loan to be deducted at the time of payment of the claim. Further, loans on policies are also allowed after deduction of earlier out standings. Policy Loans The Corporation can grant a loan to the policyholder against his policy as per the terms and conditions applicable to the policy. The requirements for granting a loan are as under: Application for loan with an endorsement of terms and conditions of the loan being placed on the policyPolicy to be assigned absolutely in favor of the Corporation A receipt for the loan amount The maximum loan amount available under the policy is 90% of the Surrender Value of the policy (85% in case of paid up policies) including cash value of bonus. The rate of interest charged on loans is at 10-1/2% to be paid half-yearly. The minimum period for which a loan can be granted is six months from the date of its payment. If repayment of loan is desired within this period the interest for the minimum period of six months will have to be paid. In case the policy becomes a claim either by maturity or death within six months from the date of loan, interest will be charged only up to the date of maturity/death.

business loans

Electricity Pay Bills Payment, Computer Windows Installation Services

credit card, Construction Equipment Loan Services, Car Loan Services

Small Entrepreneurship Business Loan