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Image   UNION CASH

PURPOSE

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

UNION CASH 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:

Age at the time of loan

Maximum quantum of loan

Pensioner

Up to 70 years

Rs.10.00 lakh

Above 70 years

Rs.5.00 lakh

Family pensioner

Any age group

Rs.3.00 lakh

REPAYMENT

  • The maximum repayment tenure is as under:

Age at the time of application

Maximum repayment tenure

Up to 70 years

5 years

Above 70 years

3 years

RATE OF INTEREST

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.

UNION CASH EMI CALCULATOR

**Conditions Apply**

**Contact our nearest Branch for more details**