EBL 24 years of Banking
Forex:

US DOLLAR 1 Buying 114.70 Selling 115.30

GB POUND 1 Buying 146.77 Selling 148.62

SWISS FRANC 1 Buying 113.40 Selling 114.55

AUSTRALIAN DOLLAR 1 Buying 84.06 Selling 84.91

CANADIAN DOLLAR 1 Buying 86.77 Selling 87.65

SINGAPORE DOLLAR 1 Buying 82.96 Selling 83.79

HONGKONG DOLLAR 1 Buying 14.58 Selling 14.72

JAPANESE YEN 10 Buying 10.08 Selling 10.26

EURO 1 Buying 129.04 Selling 130.35

CHINESE RENMINBI 1 Buying 16.44 Selling 16.61

THAI BHAT 1 Buying 3.46 Selling 3.50

KOREAN WON 10 Buying 1.00 Selling 1.02

SAUDI RIYAL 1 Buying 30.43 Selling 30.74

QATARI RIYAL 1 Buying 31.36 Selling 31.68

As per 2018-11-16 | View All

Loan Against Life Insurance Policy (LIP)

Purpose/Eligibility
EBL has policy of Advancing against the security of Life Insurance Policies (LIP). It considered in individual cases on merits after ensuring the following:

  • There are no encumbrances on the relative policy.
  • The age of the assured stands admitted in the book of the respective companies.
  • Premium is paid up to date

Extent of Loan
Need Base - Maximum 90% of Surrender value of Life Insurance Policy

Margin
10% of the Surrender value of LIP

Rate of Interest
competitive rate payable on quarterly basis (Subject to change)

Procedure for calculation of Surrender Value

Surrender value is allowed after 3 years completed period of policy and the bonus is accrued only when the policy has run for complete 5 years from the date of commencement.

The Surrender value is calculated on the basis of paid up value plus the bonuses accrued thereon and multiplying the surrender value factor. The Surrender Value Factor charts to be collected from the respective insurance companies.

Companies approved for allowing advance against LIP

  • Rastriya Beema Sansthan
  • National Life Insurance Company
  • Life Insurance Corporation (Nepal) Ltd. &
  • American Life Insurance Company.

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