Singhi Capital Finance Private Limited
provide 80% of loan against the surrender value of the Life Insurance Policy.
1. The loans are provided against pledge of Money Back and Endowment policies.
2. Unit linked Insurance plans and term insurance covers are not accepted for loan.
3. The policy should be in the name of the loan applicant and valid with all UpToDate premium amounts paid. The applicant must apply for a Surrender Value certificate to the Life Insurance company and provide to SCFPL with the original policy for sanction of the loan.
4. The loan is repayable in 36 months with a minimum amount of Rs.10,000 and maximum of Rs.3,00,000.
5. The interest rate is lower than the personal loans and repayment period longer.
6. The eligibility criteria for availing such loans are soft and flexible as the applicants with low credit scores are also eligible.
7. The repayment is done through EMI which is advised alongwith the processing fee and documentation charges at the time of sanctioning the loan.
The applicant must log on to our website https://skscapfin.com/ and press the APPLY NOW button to apply for the loan.
Following documents are required to approve the loan
Photograph
Mobile phone number
Email ID
PAN
Aadhar
Employment Proof
Bank Statement for three months
CIBIL report
All these identities are verified before accepting the loan request.
1. The age of the applicant should not be more than 55 years as on date of application.
2. Presently residents of Kolkata, New Delhi and Mumbai cities are only provided personal loans.
3. It takes one week to process the loan application.
4. SCFPL reserves the right to approve/ disapprove the loan after the submission of documents.