Loan For Pensioners
Lead a carefree retired life as we are here to take care of all your personal financial needs be it your child’s marriage, travel expenses, medical aid etc.
Purpose
- Personal use
Who Can Borrow
- All central government pensioners (viz. Central, Civil, Railways, Defence, Armed Forces, etc.) who are drawing pension from any branch of our bank
- All state government pensioners who are drawing pension from any branch of our bank
- The pensioners who are drawing pension from Govt Treasury and have given the authority to transfer their pension in any branch of our Bank
- Retired employees of our bank who are getting pension
Age Limit
- Maximum 72 years
Loan Amount
- Maximum Rs 1,50,000/-
Margin
- Nil
Rate Of Interest
- The rate of interest as decided by the bank from time to time would be applicable
Guarantors
- For family pensioner guarantee of spouse (husband/wife ) and one other guarantor who is acceptable to the bank
Period Of Repayment
- Maximum -60 months
Processing Charges
- Nil
Share Holding
- 1.50% of loan amount
Documents Required
- Photograph , PAN and KYC documents of borrower and guarantor
- Photocopy of pension certificate verified by competent authority
- Age certificate of pensioner and their legal heir