We also provide personal Loans against
Insurance policies as well as NSC certificate.
Features & Benefits:
To Lend, grand loans to the members on the security of immovable properties
either by way of registered mortgage or by deposit of title deed, various
types of deposit receipts, moveable assets such as Gold, Silver, Jewellery,
Kisan Vikas Patras, National Savings Certificates, Insurance Policies,
Government Securities and other securities on favorable rates of interest,
As per Rule You can avail a loan in Indian rupees against the security of
Insurance Bond of the LIC OF INDIA. The loan may be used to meet emergency
financial requirements, to carry on business activities.
We accept insurance bond of LIC of India Only and not accept other
insurance companies bond
For a maximum of 50% of the Sum assured of your Insurance Policy
UUCC shall provide loans to its Members: The loans given by a society to a
member shall be subject to the following limits namely:
Two Lakh Rupees – Where the total amount of deposits of such society
from
its members is less than two crore rupees;
Seven Lakh Fifty Thousand Rupees – Where the total amount of
deposits of
such society from its members is more than two crore rupees but less
than
twenty crore rupees;
Twelve Lakh rupees, where the total amount of deposits of such
society
from its member is more than twenty crore rupees but less than fifty
crore rupees; and
Fifteen Lakh Rupees – Where the total amount of deposits of such
society
from its members is more than fifty crore rupees
Provided further that a member shall not be eligible for any further loan if
he has borrowed any earlier loan from the society and has defaulted in
repayment of such loan.
