Pension Loan

Eligibility
  • Indian ex- army (Indian Pensioners)
Purpose
  • To meet personal/social/financial obligation
Limit
Age of the Pensioner at the time of sanction Eligible Loan Amount
Up to 60 years Up to 36 months’ pension or Maximum Rs. 35.00 Lac
Above 60 years and up to 65 years Up to 30 months’ pension or Maximum Rs. 25.00 Lac
Above 65 years and up to 70 years Up to 24 months’ pension or Maximum Rs. 15.00 Lac
Above 70 years and up to 75 years Up to 20 months’ pension or Maximum Rs. 10.00 Lac
Nature
  • Term loan
Interest rate
Repayment
  • Up to 10 years or age of 75 years whichever is earlier.
Security
  • Lien over Pension Patta*

* Waiver of lien over pension patta on case to case basis