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PCL (Personal Loan Scheme For Pensioners) Loan Application Form

Eligibility:

All pensioners of Central/State Government/ Public Sector Undertakings (State/ Central), Autonomous Bodies drawing their pensions from Banks' own branches


Purpose:

For any personal need


Amount of Loan:

Particulars Revised Ceiling for Maximum Loan Amount
a) For pensioners who are not more than 65 years of age Rs.2,50,000/- or equivalent to twelve months pension, whichever is lower.
b)For pensioners above 65 years but not more than 70 years of age Rs.1,50,000/- or equivalent to six months pension, whichever is lower

Security:

Guarantee of spouse eligible for family pension. In case spouse is not alive, then guarantee of any other family member or a third party guarantee of one person having sound financial net means good for the amount of advance.


Repayment:

The loan along with interest thereon would be repayable in 36 equal monthly installments.


Processing Charges:

0.25% of loan amount.

* Conditions Apply