PURPOSE

• Personal expenses including medical treatment, travel or any unforeseen expenses of the pensioners/ family pensioners.

ELIGIBILITY

• Pensioners/family pensioner, who draw pension/family pension from our bank on account of superannuation/retirement/voluntary retirement/ ordinary family pension**
• Maximum age of 75 years for pensioner and 70 years for family pensioner.

QUANTUM OF LOAN

• The eligible quantum of loan will be 12 times monthly net pension (Gross Pension minus Tax), subject to maximum quantum under:

REPAYMENT

• The maximum repayment tenure is as under:

RATE OF INTEREST

• Please click here to know our latest interest rates

PREPAYMENT PENALTY

• There is NO prepayment penalty

SECURITY

• No security is required.

GUARANTEE

• Personal guarantee of spouse or the nominee for family pension under the pension scheme.
• In case pensioner is bachelor/spinster/widower/widow or in case of family pensioner, personal guarantee of other earning family member (preferably son/ daughter) or third party acceptable to the bank, having means equivalent to the loan amount.