राष्ट्रीय टोल फ्री नंबर1800 425 00 000



Parameter Norms
Target Group Central & State Government Pensioners & Family Pensioners, (Re- employed Pensioners, RBI pensioners and IB Retirees (both under VRS & superannuation) whose pension accounts are maintained  with our branches)
(Existing Borrowers under IB Pension Loan Scheme (IBPLS) can avail this loan subject to availability of Net take home pay (NTHP) of 40% or 30% as the case may be (Please refer to NTHP Norms detailed below) after deducting the existing and proposed EMI).
CRS retirees and EPF Pensioners are not eligible for Pension Loan
Purpose For meeting unforeseen expenses due to Covid-19
Eligibility All existing accounts in “Standard category” excluding SMA1 / SMA 2 as on date of sanction.
Validity Up to 30/06/2020
Nature of facility Medium Term Loan
Quantum of Loan Sl. Regular Pensioners
a. Maximum 15 times of monthly pension net of TDS
b. Maximum Loan amount of Rs.2 lakhs
c. NTHP 40%**
Eligible Loan amount – Least of above three parameters a to c
** Wherever the applicant has availed loans with our Bank secured by immovable properties, Sanctioning Authority can consider loan with 30% NTHP against extension of EM. Registration of MODTD need not be insisted.
Margin Nil
Rate of Interest Concessional Rate:  8.75% p.a. Fixed
Age limit Regular Pensioners: Family Pensioners:
Maximum Entry Age: 68 years Maximum Exit Age:  75 years Maximum Entry Age: 68 years Maximum Exit Age:   73 years
Entry age – No minimum years
Repayment Maximum 36 months including holiday period of 3 months
Security NIL
Wherever 30 % NTHP has been considered, extension of EM over immovable property
Service Charges Processing / Documentation / Pre-closure charges – NIL

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( अंतिम संशोधन Sep 29, 2021 at 04:09:50 PM )

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