Purpose:To meet personal expenses, namely, medical, domestic needs, etc.
Eligibility:Central/State Govt./Municipal and such other pensioners, drawing pension through our branches
Amount of Loan: Equivalent to 12 month's pension subject to maximum of Rs 75,000/-
Age criteria :Up to the age of 70 years.
Margin: Nil
Rate of Interest:Click here to view the Interest Rate
Security:Guarantee by the person entitled to pension. In case, there is no beneficiary of Family pension, one acceptable guarantor.
Repayment: Maximum 60 months by equated monthly installments
Processing charges: Nil
Other:Loan shall be disbursed through/maintained at pension paying branch only.
Irrevocable standing instructions to deduct loan installment from monthly pension payable will have to be given.
Availment of the loan under this scheme is subject to closure of earlier loan.
You can avail the loan for maximum two times under this scheme.
There is no processing fee.
Showing posts with label Pension. Show all posts
Showing posts with label Pension. Show all posts
Monday, July 14, 2008
Subscribe to:
Posts (Atom)
