Query on Loan cover duration in SBI Suraksha

POSTED BY kuldeep1973 ON April 4, 2014 9:00 pm ONE COMMENT

I take loan of amount 13 lacs for the 15 yrs from sbi bank, with the cover of loan amount with sbi suraksha of premium of 8000 per yer for the 5 yrs.

i ask u that my loan amount is covering for 15 yrs or 5 yrs only.

One reply on this article “Query on Loan cover duration in SBI Suraksha”

  1. ashalanshu says:

    Dear Kuldeep, you are paying prem. in 5Y but loan cover ‘ll be there for 15Y.

    Thanks

    Ashal

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