The policy acquires a paid up value after premiums are paid for three years. A guaranteed surrender value is payable to you, if you decide to terminate the policy after 3 years premiums are paid. However, on surrendering the insurance protection provided under this policy will also cease. Yes, you can avail of a loan under the policy, to meet your requirements. This will be dependent on the surrender value your policy acquires.
Interest is charged on the amount of loan availed.