LIC Loan Against Policy Calculator 2026

Find out how much money you can borrow against your active LIC policy. Check maximum loan limits and calculate your interest repayment schedule. Updated for 2026.

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How much loan can I get on a 5 Lakh LIC policy?

The loan limit depends on the policy's surrender value. If you pay an annual premium of ₹25,000 for 5 years on a ₹5 Lakh policy, the surrender value is ₹82,850. You can borrow up to 90% of this amount, which equals ₹74,565. The annual interest cost at 9.5% p.a. simple interest is ₹7,084.

Benefits of Taking a Loan Against LIC Policy

Borrowing against your insurance policy is one of the easiest ways to meet short-term cash emergencies. Unlike personal loans, LIC loans:

Have lower interest rates (9.5% p.a. vs 11% - 18% p.a. for personal loans).
Require no credit checks, making it accessible to individuals with poor credit.
Offer highly flexible repayment options with no prepayment penalty fees.

हिं

एलआईसी पॉलिसी पर लोन कैलकुलेटर — LIC Policy Loan in Hindi

एलआईसी पॉलिसी लोन कैलकुलेटर (LIC Policy Loan Calculator) 2026. अपने पॉलिसी के कैश वैल्यू पर मिलने वाले अधिकतम ऋण और उस पर लगने वाले ब्याज की गणना करें।\n\nनियमों के अनुसार, पॉलिसी पर लोन केवल तभी मिल सकता है जब पॉलिसी ने सरेंडर वैल्यू प्राप्त कर ली हो (कम से कम 2 साल का प्रीमियम भुगतान)। आप पॉलिसी के सरेंडर वैल्यू का 90% तक लोन के रूप में प्राप्त कर सकते हैं। वर्तमान में एलआईसी इस लोन पर 9.50% वार्षिक साधारण ब्याज लेता है, जिसका भुगतान आपको हर 6 महीने में करना होता है।

Frequently Asked Questions

You can borrow up to 90% of the policy's accrued surrender value for in-force (active) policies. For paid-up policies (where future premium payments have stopped but coverage continues), the borrowing limit is capped at 80% of the surrender value.

For 2026, LIC charges an interest rate of 9.50% per annum on policy loans, compounded half-yearly. The interest rate is reviewed periodically by LIC based on market yields, but once locked, it generally remains fixed for the duration of the loan.

LIC offers complete repayment flexibility. You are only required to pay the interest amount half-yearly. The principal amount can be repaid in full or parts whenever you have surplus cash. If the principal is not repaid, it will simply be deducted from the final policy maturity or death benefit payout.

Yes. If the outstanding loan principal + accumulated unpaid interest exceeds the policy's surrender value, the policy will run into "foreclosure." In this case, LIC will terminate the policy to recover the dues, and all insurance benefits will cease.

No, your life cover remains active. However, if the policyholder passes away before repaying the loan, LIC will deduct the outstanding loan principal and interest from the final death claim payout before releasing the remaining amount to the nominee.

No, LIC does not check your CIBIL score or require income proof. Since the policy bond paper itself acts as collateral (security), the loan is guaranteed. The approval process is fast and requires minimal documentation.

Yes, if your portal account is verified, you can apply for an LIC policy loan online through the LIC Customer Portal. Alternatively, you can visit your home branch and submit Form 5186 (Loan Application Form) along with the original policy bond paper.

LIC loans carry a minimum interest period of 6 months. If you repay the loan within 2 or 3 months, you will still be charged interest for a full 6-month period.

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