Apply for Instant Personal Loan Online

Apply for Instant Personal Loan Online: People have to go to banks for many days for loans. Apart from that, some mortgage has to be taken in the bank. Many times banks refuse to give loans due to lack of credit score. In this news we are telling you about a scheme under which you can take loan without guarantee. You don’t even have to pay interest every month in this loan, so you must know about this scheme. So that if you ever think of taking a loan in future, you can get some benefit.

Apply for Instant Personal Loan Online

Get a loan without credit score

Many people take a loan for the first time, they do not have a credit score, moreover, if the loan EMIs are not paid on time, the credit score deteriorates. Due to which you cannot get loan from banks. But you don’t need to worry. Although you can get a personal loan, that too at a very low interest rate, the best part is that you don’t even need to pay EMIs every month to repay it. You will get all these facilities on LIC policy. For this, you have to approach the LIC office, and the branch officers will give you the loan very easily.

LIC policy gets cheaper loans!

Let us tell you that you will not have to pay any processing fees or hidden charges here. You will get more loans at lower interest rates. You will also not be asked for credit score or CIBIL report. LIC has LIC life insurance policy as a guarantee, so you also get the loan in 3 to 5 days.

Low Interest Rate Loan

If you take a loan on LIC policy, you get only 10 to 12 percent interest per annum. That is, the monthly interest is 1% or less. While in the market you get loans at the rate of 13 to 18 percent.

No interest to be paid every month

In this loan you will not have to pay monthly EMI. This loan can be availed for a minimum period of six months till the maturity of the insurance policy. Let us tell you that if you want to close the loan within at least 6 months, you still have to pay the interest for the entire period of 6 months. So keep this in mind before taking a loan. Under this loan you can deposit annual interest.

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