Loan Against Policy

Pahal India Multipurpose Nidhi Limited provides simple Loan Against Insurance Policy, allowing you to obtain funds for financial situations by putting your insurance policy as collateral. This ensures that your insurance remains intact in case of an emergency, while also earning funds for urgent need.

You can borrow up to 80% of the surrender value of the insurance policy you pledge. It should also be noted that a loan secured by an insurance policy must be repaid within one year or the insurance policy's maturity date, whichever comes first.

This form of loan can be utilised to raise funds for unexpected or anticipated financial needs such as business expansion, education, medical emergencies, agricultural bills, and so on.

Eligibility Criteria

Applicants must meet the following requirements to be eligible for the loan:

Should fulfil KYC documents requirements
Age should be between 18 to 58 years
Should not have an adverse credit record
Should meet the acceptable credit norms according to Pahal India Multipurpose Nidhi Limited Should be part of a group of
customers who are willing to guarantee each other for the repayment of loan

How To Apply

Visit the nearest branch of and Pahal India Multipurpose Nidhi Limited our Loan Executive will guide you on the application process.
Contact us and our Customer Care Executive will fix a doorstep service appointment with our Loan Executive to help you with the application process.

Required Documents

Primary ID: Aadhaar
Secondary ID: PAN card / Form 60
In case of non-availability of PAN card, customer needs to submit Form 60 along with the one of the following OVDs (Officially Valid Documents)
- Passport
- Voter ID card
- Driving licence
- NREGA (National Rural Employment Guarantee Act)
- Letter issued by National Population Register containing
- details of name and address
Residence Proof
- Any of the valid KYC documents
- Utility bill (not more than 60 days old)

Quick loan disbursement.
Minimal Paperwork
Lower Interest Rates
Flexible Payment Options
Staying informed
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