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Baroda Advance Against Securities( Life Insurance Policies)

A term/demand loan or overdraft against an eligible assigned life-insurance policy. Minimums are ₹3,000 for term/demand and ₹20,000 for overdraft; the bank states no maximum ceiling and an advance of up to 80%–85% of surrender value.

Interest rateDemand/term 9.65% p.a.; overdraft 9.90% p.a. (BRLLR + SP +1.50% / +1.75%).Maximum financeNo ceiling; the FAQ states up to 80%–85% of the policy surrender value. Minimum ₹3,000 for term/demand loan and ₹20,000 for overdraft.Maximum tenureLoan up to 60 months; overdraft 12 months subject to annual review.
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Quick eligibility check

Baroda Advance Against Securities( Life Insurance Policies)

0 of 2 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your age meet this requirement: Resident individuals aged 21 years and above?

Published source: Eligibility

2Do you meet this requirement: policies with premiums paid for at least 3 years are accepted, while whole-life and certain assigned policies are excluded?

Published source: Eligibility
0 of 2 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 23 Sept 2026 · active
Bank of Baroda life-policy loan banner showing a paper boat held in hands
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Interest rateDemand/term 9.65% p.a.; overdraft 9.90% p.a. (BRLLR + SP +1.50% / +1.75%).Effective 12 Sept 2026View source
The two security rows publish effective rates.
Source
Retail Loans Interest Rates
Page / section
Life Insurance Policies; Relief/Government Bonds
Accessed
12 Sept 2026
Confidence
high
Open official source ↗
Maximum financeNo ceiling; the FAQ states up to 80%–85% of the policy surrender value. Minimum ₹3,000 for term/demand loan and ₹20,000 for overdraft.View source
The page gives the minimums, no-ceiling rule and 80%–85% surrender-value range.
Source
Baroda Advance Against Securities (Life Insurance Policies)
Page / section
Features /
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Maximum tenureLoan up to 60 months; overdraft 12 months subject to annual review.View source
The states 60 months for a loan and 12 months subject to review for overdraft.
Source
Baroda Advance Against Securities (Life Insurance Policies)
Page / section
— repayment tenure
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Processing fee₹500; no other charges; staff/ex-staff nil.Effective 1 Apr 2025View source
The securities row covers , LIP, , e-, Relief Bonds and Government Bonds.
Source
Service Charges
Page / section
Advance Against Securities
Accessed
12 Sept 2026
Confidence
high
Open official source ↗
EligibilityResident individuals aged 21 years and above; policies with premiums paid for at least 3 years are accepted, while whole-life and certain assigned policies are excluded.View source
The official page states age, premium-history and policy-type conditions.
Source
Baroda Advance Against Securities (Life Insurance Policies)
Page / section
Eligibility /
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Loan typeSecured loan against investments, deposits or receivablesView source
The official product name identifies this as “Baroda Advance Against Securities( Life Insurance Policies)”.
Source
Baroda Advance Against Securities( Life Insurance Policies) — official product page
Page / section
Official product name and loan classification
Accessed
15 Aug 2026
Confidence
high
Open official source ↗
TenureLoan up to 60 months; overdraft 12 months subject to annual review.View source
The states 60 months for a loan and 12 months subject to review for overdraft. This is the issuer-published maximumTenure value shown under the comparison field “Tenure”.
Source
Baroda Advance Against Securities (Life Insurance Policies)
Page / section
— repayment tenure — comparison field: Tenure
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Eligible policy securityLife-insurance policies issued by private insurance companies may also be accepted as security. Participating endowment policies are preferred; policies with premiums paid for at least three years are accepted.View source
The page says policies issued by private insurers can also be accepted; participating endowment policies are preferred and premiums must be paid for at least 3 years.
Source
Baroda Advance Against Securities (Life Insurance Policies) — current official page review
Page / section
Features — Other; — policy acceptance
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Policy exclusionsWhole-life policies, policies issued under the Married Women's Property Act, 1874, minor-assigned policies and third-party advances are not accepted/permitted.View source
The excludes whole-life, Married Women's Property Act policies and minor-assigned policies and prohibits third-party advances.
Source
Baroda Advance Against Securities (Life Insurance Policies) — current official page review
Page / section
— exclusions and third-party advance
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Surrender-value marginLoan amount may be up to 80%–85% of the policy's surrender value, subject to the bank's assessment and sanction.View source
The states 80 to 85% of the surrender value of the policies.
Source
Baroda Advance Against Securities (Life Insurance Policies) — current official page review
Page / section
— How much can I avail as a loan?
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Online availabilityOnline facilities are not currently available; the FAQ directs applicants to the nearest/closer branch for a loan secured by an assigned LIC policy.View source
The says online facilities are not available and advises visiting a nearby branch for an assigned policy.
Source
Baroda Advance Against Securities (Life Insurance Policies) — current official page review
Page / section
— online facility and how to get a loan
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Current rate referenceThe FAQ quotes 9.20%–9.45% for LIC-policy loans; the current BOB retail rate table separately publishes 9.65% p.a. for demand/term and 9.90% p.a. for overdraft. The formula is BRLLR + SP + 1.50% for demand/term and +1.75% for overdraft; the page's 0.00% widgets are not a usable rate.View source
The quotes 9.20%–9.45%; the page gives the spreads and displays 0.00% in its rate widget, while the current retail rate record carries the effective 9.65%/9.90% rows.
Source
Baroda Advance Against Securities (Life Insurance Policies) — current official page review
Page / section
Interest rates & charges; — interest rate
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Rate conversion chargeWhen switching the interest rate: 0.10% of the outstanding balance plus any undisbursed amount; minimum ₹1,000 + GST per account for each conversion.Effective 1 Apr 2025View source
For Advance Against Securities ( / LIP / / E- / Relief Bonds / Govt. Bonds), the page lists 0.10% on outstanding balance plus undisbursed portion, if any, and a minimum ₹1,000 + per account at each conversion. The row states no maximum.
Source
Bank of Baroda Service Charges — conversion charges
Page / section
Retail Product table effective 1 April 2025 — Conversion Charges; Advance Against Securities row
Accessed
23 Sept 2026
Confidence
high
Open official source ↗
Penal chargesThe bank's schedule effective 1 April 2026 sets overdue-payment charges by priority-sector classification and sanctioned amount: priority-sector rows show Nil below ₹50,000, 1% p.a. above ₹50,000 but below ₹2 lakh, and 2% p.a. above ₹2 lakh; other-than-priority rows show Nil up to ₹10,000 and 2% p.a. above ₹10,000. It also lists 2% p.a. for specified overdue overdraft regularisation and sanction-condition breaches. Charges are for the actual default period; total penal charges are capped at 4% p.a. of outstanding credit facilities. The sanction determines which provisions apply.Effective 1 Apr 2026View source
The complete two-page was visually reviewed in the existing source-family audit. The product pages do not identify a borrower's priority-sector classification; neither overdue slab is selected. Rows for working-capital reporting are not presented as /LIP//bond product conditions.
Source
Penal Charges for various types of non-compliances of sanction terms and conditions in Loans and Advances
Page / section
page 1, rows 1–3; page 2, rows 11, 13–14 and general notes
Accessed
23 Sept 2026
Confidence
high
Open official source ↗
BenchmarkBRLLR + SP +1View source
The manually reviewed product record states: “Demand/term 9.65% p.a.; overdraft 9.90% p.a. ( + +1.50% / +1.75%).”.
Source
Baroda Advance Against Securities( Life Insurance Policies) — official product page
Page / section
Published product metadata
Accessed
15 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosure chargeFor fixed-rate advances against securities: 1% + GST on the outstanding amount.View source
The current service-charge page specifies 1% + on outstanding amount for fixed-rate advances against securities, not floating-rate facilities.
Source
Bank of Baroda Service Charges — prepayment charges
Page / section
Pre-Payment Charges under Fixed Rate Retail Loans — Advance Against Securities
Accessed
23 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Term/demand loan or overdraft against eligible life-insurance policies, including policies issued by private insurers.
  • Minimum facility is ₹3,000 for a term or demand loan and ₹20,000 for an overdraft; the page publishes no maximum ceiling.
  • The official says borrowing can be 80–85% of the policy surrender value, with a maximum 60-month loan or 12-month overdraft subject to annual review.
  • Competitive benchmark-linked pricing is published; the page lists a ₹500 processing charge plus .
  • The page says advances to third parties are not permitted and prefers participating endowment policies.

Eligibility

  • Resident individuals aged 21 years and above
  • policies with premiums paid for at least 3 years are accepted, while whole-life and certain assigned policies are excluded.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Not published on the reviewed official page; its Documents/Form link does not display a document checklist.

Related official documents

Baroda Advance Against Securities (Life Insurance Policies) — official product pageofficial-product-page · current · accessed 29 Aug 2026
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Bank of Baroda advances against securities — current product pagesofficial-product-pages · current · accessed 29 Aug 2026
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Bank of Baroda Retail Loans Interest Rates — Baroda Advance Against Securitiesofficial-interest-rate-page · current · accessed 29 Aug 2026
↗
Baroda Advance Against Securities (Life Insurance Policies) — current official page reviewofficial-product-page · current · accessed 15 Sept 2026
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Baroda Advance Against Securities (Life Insurance Policies) — current official page recheckofficial-product-page · current; complete live page and FAQ source reviewed on 2026-09-23 · accessed 23 Sept 2026
↗
Bank of Baroda Download Forms — Personal loan form inventory reviewofficial-forms-index · current; product-specific application-form search completed · accessed 23 Sept 2026
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Penal Charges for Loans and Advances — effective 1 April 2026official-linked-pdf · current; complete two-page review · accessed 23 Sept 2026
↗
All-in Cost for Retail Loans — official linked PDF, complete visual reviewofficial-linked-pdf · Complete four-page visual and text review; legacy/undated tariff conflicts with current product/FAQ statements. · accessed 24 Sept 2026
↗
Bank of Baroda loan APR auditofficial-product-pages-and-rate-table · current-at-review · accessed 29 Sept 2026
↗
Retail Loans Interest Rates — current BRLLR/MCLR benchmarks and pre-owned auto rate rowsofficial-rate-page · Current official schedule manually rechecked 2026-09-27; dedicated product-page range and GCLI wording conflict with this schedule · accessed 27 Sept 2026
↗
List of Important Terms and Conditions of Loan/Advances — generic MITC template, complete visual reviewofficial-linked-pdf · Complete two-page visual and text review; generic disclosure template only. · accessed 24 Sept 2026
↗
Model Checklist for Retail Loans — official linked PDF, complete visual reviewofficial-linked-pdf · Complete six-page visual and text review; generic checklist only, product page controls where requirements differ. · accessed 24 Sept 2026
↗
Bank of Baroda Service Charges — securities advance rate-switching and fixed-rate prepaymentofficial-service-charge-page · current targeted review; relevant securities rows checked 2026-09-23 · accessed 23 Sept 2026
↗
Service Charges — retail loan rate-conversion and auto-loan prepayment scheduleofficial-service-charge-page · Current official service-charge page manually rechecked 2026-09-27; schedule itself identifies effective date 2025-04-01 · accessed 27 Sept 2026
↗
Bank of Baroda Service Charges — advances against securities and Baroda Ashrayofficial-service-charge-schedule · current · accessed 29 Aug 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Kisan Vikas Patra / e- · Facility and amountDemand, overdraft or term loan; minimum ₹3,000 term/demand and ₹20,000 overdraft; no ceiling

This value is copied from Bank of Baroda advances against securities — published terms. Check the table notes before relying on it.

Source: Bank of Baroda advance-against-securities product pages · Eligibility; Loan amount; Rate of interest; Processing charges; Security; Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 6 columnsBank of Baroda advances against securities — published termsComparison-ready transcription of the four official pages reviewed on 29 August 2026.View tableHide table

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Bank of Baroda advances against securities — published terms
SecurityFacility and amountPricingEligibility and securityTenure / chargesComparison gaps
Kisan Vikas Patra / e-Demand, overdraft or term loan; minimum ₹3,000 term/demand and ₹20,000 overdraft; no ceilingHigher of rate + 1.00% or + + 1.50% for term/demand; higher of + 1.25% or + + 1.75%Resident individual aged 21+; eligible /e-; third-party advance not permitted; up to 80–85% of face value in 12 months subject to satisfactory conduct/review; ₹500 + processingNo separate , numeric income threshold or prepayment charge published
Life-insurance policiesTerm/demand or overdraft; minimum ₹3,000 term/demand and ₹20,000 overdraft; no ceiling + + 1.50% term/demand; + + 1.75% ; current rate 9.20–9.45%Resident individual aged 21+; policy premiums paid for at least 3 years; qualifying assigned policy; third-party, minor-assigned and MWPA policies excluded; up to 80–85% surrender valueLoan up to 60 months; 12 months subject to annual review; ₹500 + processingNo separate , numeric income threshold or prepayment charge published
National Savings CertificateDemand, overdraft or term loan; minimum ₹3,000 term/demand and ₹20,000 overdraft; public customers no ceilingHigher of rate + 1.00% or + + 1.50% for term/demand; higher of + 1.25% or + + 1.75%Resident individual aged 21+; lien with issuing post office; third-party advance not permittedFacility type and margins published; no fixed tenure; ₹500 + processingNo separate , fixed tenure or prepayment charge published
Relief / Government bondsDemand, overdraft or term loan; minimum ₹3,000 term/demand and ₹20,000 overdraft; no ceiling + + 1.50% term/demand; + + 1.75% ; current rate 9.20–9.45%Resident individual aged 21+; eligible /Government bonds; repayment capacity assessed; third-party advance not permitted; 80–85% face value in Loan up to 35 months; terms subject to review; ₹500 + processingNo separate , numeric income threshold or prepayment charge published
  • The pages' 0.00% or '-' effective-rate displays are not treated as . Benchmark-plus-spread formulas, face-value/surrender-value margins and rates are retained as separate facts.
Bank of Baroda advance-against-securities product pages · Eligibility; Loan amount; Rate of interest; Processing charges; Security; · accessed 29 Aug 2026Open official source ↗
Table 2 · 5 rows · 4 columnsBank of Baroda securities-backed loans and Baroda Ashray — published chargesThe current product-page facilities paired with the official Service Charges schedule.View tableHide table

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Bank of Baroda securities-backed loans and Baroda Ashray — published charges
FacilityPublished rate / limitProcessing chargeFixed-rate prepayment
/ e- advanceDemand/term: higher of 1.00% over rate or + + 1.50%; adds 0.25%₹500 + 1% + of outstanding
Life-insurance-policy advanceDemand/term + + 1.50%; + + 1.75%₹500 + 1% + of outstanding
advanceDemand/term: higher of 1.00% over rate or + + 1.50%; adds 0.25%₹500 + 1% + of outstanding
Relief / Government Bond advanceDemand/term + + 1.50%; + + 1.75%₹500 + 1% + of outstanding
Baroda Ashray reverse mortgage + + 2.35%; 15-year published term0.20%; ₹8,500 upfront, maximum ₹10,000 + 1% + of outstanding for fixed-rate loan
  • The product pages' effective-rate widgets are placeholders (dash or 0.00%) and are not treated as . Variable-rate conversion charges are separate from fixed-rate prepayment charges.
Bank of Baroda Service Charges with linked current product pages · Advance Against Securities; Baroda Ashray processing and pre-payment charges · accessed 29 Aug 2026Open official source ↗
Table 3 · 8 rows · 4 columnsBaroda Advance Against Securities — current published rate rowsExact rate and spread rows transcribed from Bank of Baroda’s current retail-loans rate page.View tableHide table

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Baroda Advance Against Securities — current published rate rows
Security productFacilityRepo Rate + SpreadEffective rate
Loan Against Demand Loan / Term Loan1.00% over rate or + S.P. + 1.50%, whichever is higher—
Loan Against Overdraft1.25% over rate or + S.P. + 1.75%, whichever is higher—
Loan Against Staff0.50% over rate—
Loan Against / e Demand Loan / Term Loan1.00% over rate or + S.P. + 1.50%, whichever is higher—
Loan Against / e Overdraft1.25% over rate or + S.P. + 1.75%, whichever is higher—
Loan Against / e Staff0.50% over rate—
Life Insurance Policies / Relief Bonds / Government BondsDemand Loan / Term Loan + + 1.50%9.65%
Life Insurance Policies / Relief Bonds / Government BondsOverdraft + + 1.75%9.90%
  • The page’s table is stated effective 6 December 2025. A dash is retained where the issuer does not publish an effective percentage; / rates must be determined from the stated comparison formula and applicable security rate.
Bank of Baroda Retail Loans Interest Rates — Baroda Advance Against Securities · Baroda Advance Against Securities · effective 6 Dec 2025 · accessed 29 Aug 2026Open official source ↗
Table 4 · 18 rows · 2 columnsLife-insurance-policy advance — current published termsStructured copy of the current official page's facility, policy, rate, limit, tenure, fee, availability and exclusion rows.View tableHide table

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Life-insurance-policy advance — current published terms
ParameterPublished detail
FacilityTerm/demand loan and overdraft
Term/demand minimum₹3,000
Overdraft minimum₹20,000
MaximumNo ceiling
EligibilityResident individuals aged 21 years and above
Accepted policiesPolicies from private insurers may also be accepted; participating endowment policies preferred; premiums paid for at least 3 years
Excluded policiesWhole-life; policies under Married Women's Property Act, 1874; minor-assigned policies
Third-party advanceNot permitted
Loan margin80%–85% of policy surrender value
Demand/term rate + + 1.50%; current retail rate record 9.65% p.a.
Overdraft rate + + 1.75%; current retail rate record 9.90% p.a.
rate reference9.20%–9.45% for -policy loans
Effective-rate widget0.00% shown on page; not treated as pricing
Processing charge₹500 +
Loan tenureUp to 60 months
Overdraft tenure12 months, subject to annual review
Online applicationNot available; branch visit required
Fixed-rate prepayment1% + of outstanding amount under current service-charge schedule
Baroda Advance Against Securities (Life Insurance Policies) — current official page review · Features; Eligibility; Interest rates & charges; ; · accessed 15 Sept 2026Open official source ↗
Table 5 · 9 rows · 2 columnsLife-policy advance — official FAQsAll nine FAQ question-and-answer entries displayed in the official product page and its FAQPage JSON-LD.View tableHide table

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Life-policy advance — official FAQs
QuestionPublished answer
Can we get a loan against our insurance policy?Yes, you can definitely apply for one.
What is the minimum amount for a loan against an insurance policy?Term/demand loan: ₹3,000. Overdraft: ₹20,000. Maximum: no ceiling.
What is the interest rate for loans against policies?Presently, the rate of loan against insurance policies is 9.20% to 9.45%. This conflicts with the dated retail-loan table's 9.65% demand/term and 9.90% overdraft effective rates; both source values remain distinct.
Can we take out a loan against our policy online?No, presently, online facilities are not available.
How to get a loan on my insurance policy?For a loan secured by an policy assigned to a lending bank, visit a nearby branch.
What are the advantages of taking a loan against the policy?It comes with a competitive rate of interest () and is hassle-free.
How much can I avail as a loan?80% to 85% of the surrender value of the policies.
What about the repayment tenure of the loan?Loan: maximum 60 months. Overdraft: 12 months, subject to annual review.
Is it possible to get a loan against any insurance policy?Loans secured by insurance policies are not available. In general, a bank may only permit loans secured by endowment policies. This generic answer contradicts the page's explicit life-policy advance offer and policy acceptance terms; it is preserved as published, not treated as a product eligibility rule.
  • The three linked retail-loan were rechecked by their existing page-by-page source records. None publishes an LIP-specific fee, minimum-income amount or policy-assignment document list. The All-in-Cost is undated, uses legacy service-tax language and covers Home/Auto/Education/Personal loan rows, not this product. The Model Checklist is generic and says product-specific requirements may be supplied separately.
  • The official retail-rate table's 9.65%/9.90% effective rows and the product 9.20%–9.45% range conflict; do not collapse them into one rate.
Baroda Advance Against Securities (Life Insurance Policies) — current official page recheck · block; FAQPage JSON-LD · accessed 23 Sept 2026Open official source ↗
Table 6 · 1 row · 2 columnsRate-switch conversion charge — advances against securitiesCurrent published conversion-charge row for the securities-backed product family.View tableHide table

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Rate-switch conversion charge — advances against securities
Product / actionPublished charge
Advance Against Securities ( / LIP / / E- / Relief Bonds / Government Bonds); whenever borrower opts to switch 0.10% on outstanding balance plus undisbursed portion, if any; minimum ₹1,000 + per account at each conversion
  • The row states a minimum but no maximum charge.
Bank of Baroda Service Charges — conversion charges · Retail Product table effective 1 April 2025 — Conversion Charges; Advance Against Securities row · effective 1 Apr 2025 · accessed 23 Sept 2026Open official source ↗
Table 7 · 9 rows · 2 columnsOverdue and sanction-condition charges — securities advancesRelevant rows from the bank-wide schedule; the borrower's priority-sector classification and sanction terms determine applicability. The complete 14-row source table and notes remain in the source review record.View tableHide table

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Overdue and sanction-condition charges — securities advances
Condition / classificationPublished charge
Priority-sector overdue payment; sanctioned amount below ₹50,000Nil
Priority-sector overdue payment; sanctioned amount above ₹50,000 but below ₹2 lakh1% p.a. on the amount of default
Priority-sector overdue payment; sanctioned amount above ₹2 lakh2% p.a. on the amount of default
Other-than-priority-sector overdue payment; sanctioned amount up to ₹10,000Nil
Other-than-priority-sector overdue payment; sanctioned amount above ₹10,0002% p.a. on the amount of default
Delayed regularisation of a sanctioned temporary overdraft, excess or ad-hoc limit2% p.a. for the default period beyond the due date of regularisation
Non-submission of documents required by sanction terms2% p.a. on outstanding credit facilities for the default period
Failure to perfect security as required by sanction terms2% p.a. on outstanding credit facilities for the default period
Other material breach/non-compliance in sanction terms2% p.a. on outstanding credit facilities for the default period
  • This product page does not establish whether the borrower's facility is classified as priority sector; the relevant classification and sanctioned amount must be confirmed from the sanction.
  • The source table's priority-sector rows use strict 'below' and 'above' boundaries; the exact ₹50,000 and ₹2 lakh boundary treatment is not explicit in those rows.
  • Charges apply only during non-compliance, are calculated monthly for the actual default period, and total penal charges are capped at 4% p.a. of outstanding credit facilities; no additional penal charge is levied on prior penal charges.
  • Working-capital stock-statement, QIS, financial-statement and renewal-document rows in the full bank-wide table are not listed here as product conditions because these source reviews do not establish them for these securities facilities.
Penal Charges for various types of non-compliances of sanction terms and conditions in Loans and Advances · page 1, rows 1–3; page 2, rows 11, 13–14 and general notes · effective 1 Apr 2026 · accessed 23 Sept 2026Open official source ↗

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