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TITLE NORMS
Purpose Vehicle Purchase
Eligibility LIC Salaried Employees with 10% of net salary to the Gross Salary
Loan Limit Rs.1000000/-(Ten lakhs) Maximum
Repayment Period Repayable in 60/120 EMI
Rate of Interest
A)Vehicle Loan Two Wheelar Upto Rs.2 Lakhs 8.50% (60 installement)
B)Vehicle Loan Four Wheelar Upto Rs.10 Lakhs 9.00% (120 installement)
Security Permanent LIC Employee with 10% of net salary to the Gross Salary
Purpose Proof Valid Vehicle quotation from Authorized dealers
Documentation Prescribed Application Form with Attested Copies of Photo ID – Voter ID/DrivLicense/Passport/Aadhar PAN Card