Personal loan schemes for LIC Agents – PNB

Personal loans for LIC agents who receive regular commission from LIC of India and maintain accounts with Punjab National Bank Branches are eligible for Personal Loan on the terms and conditions as under:


LIC agents aged below 60 years with more than FIVE YEARS of agency, having regular and stable income and maintaining SF a/c with PNB branch.

₹ 273,923 crores worth of Personal Loan Applications received! (last updated on 18 October 2019)

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Loan Amount

Employment Status


Income Criteria:

Renewable Average Commission (average of the commission received during the preceding twelve months) must be at least Rs.10,000/- per month. (Form 16 issued by LIC reflects the renewal commission).

Maximum amount of loan:

Rs.2.00 lac or equivalent to 15 times of average monthly commissionreceived during the preceding 12 months, whichever is lower.


Upfront Fee                           1.80% + service tax

Documentation charges     Rs. 2 lac: Rs.270+ service tax


  • Suitable third party guarantee acceptable to the Bank andassignment of LIC policy of self, with sum assured equivalent to loan amount.                OR
  • Tangible Collateral Security of the value of 100% of loan amount.


60 EMIs or upto 65 years of age of LIC agent, whichever is earlier.