EBL 23 years of Banking

US DOLLAR 1 Buying 102.65 Selling 103.25

GB POUND 1 Buying 136.49 Selling 138.22

SWISS FRANC 1 Buying 103.05 Selling 104.09

AUSTRALIAN DOLLAR 1 Buying 77.07 Selling 77.85

CANADIAN DOLLAR 1 Buying 79.57 Selling 80.37

SINGAPORE DOLLAR 1 Buying 75.64 Selling 76.41

HONGKONG DOLLAR 1 Buying 13.09 Selling 13.22

JAPANESE YEN 10 Buying 9.01 Selling 9.17

EURO 1 Buying 120.30 Selling 121.52

CHINESE RENMINBI 1 Buying 15.45 Selling 15.61

THAI BHAT 1 Buying 3.13 Selling 3.17

KOREAN WON 10 Buying 0.98 Selling 1.00

SAUDI RIYAL 1 Buying 27.26 Selling 27.53

QATARI RIYAL 1 Buying 28.08 Selling 28.36

As per 2017-12-11 | View All

Loan Against Life Insurance Policy (LIP)

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

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.