For Pensioner

  • Eligibility
    • Sufficient Cash flows to repay. Pension disbursed through our branch for Min. for 3 months.
    • As evidenced by 6 months Pension Slips
    • Employee's of Govt. reputed PSU. or Profit Making Public Limited Company with min of 6 months of appointment.
  • Rate of Intrest
  • Repayment Period
    • In EMI of 12 to 36 months as per capacity wishes of the borrower. Total deduction including EMI not to exceed 60% of salary.
    • Renewal of loans may be considered after 24 Months.
  • Proposal Processing Charge
    • 2% of Loan Amount.
  • Margin
    • No Margin.
  • Max & Min Loan:
    • Minimum: 30,000
    • Maximum: 50,000 OR 10 NMI Whichever is Less
  • Moratorium
    • Not Applicable
  • Security
    Loan Upto Rs. 50,000/-
    • One TPG acceptable to the Bank.
    • 4 Advance Post dated cheques for Quarterly EMI.
    Irrevocable letter of authority from borrower
    4 advance Post dated cheques for Quarterly EMI.
    Letter from employer accepting borrower's authority letter