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 up to the age of 70 years |
Rs.3,50,000/- or equivalent to 18 months pension, whichever is lower. |
| b)For pensioners over the age of 70 years & up to the age of 75 years only. |
Rs.2,00,000/- or equivalent to 12 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