Cent Pensioners

Purpose:

Any genuine personal needs other than speculation, investment in real estate or prohibited activities.

 

Eligibility:

Pensioners / family pensioners drawing pension through our Bank Branches including Ex-staff

 

Maximum Loan Amount:

Eighteen times the monthly pension maximum Rs.10.00 Lakh

 

Nature of facility:

Demand Loan &OD with diminishing DP.Limit to be amortized in 60 months

 

Rate Of Interest:REPO BASED LENDING RATE (RBLR) w.e.f 30.05.2020

RBLR =Repo + Spread
4.00+ 4.45 =8.45%

 

Co-borrower:

Spouse of the pensioner or legal heir(s) of family pension beneficiarymust join as co-borrower

PROCESSING FEES:

NIL

DOCUMENTATION CHARGES:

Rs.500/-+GST