PERSONAL LOAN SCHEME FOR PENSIONERS

1. ELIGIBILITY

All type of pensioners drawing their pension through our branches.  This includes family pensioners and ex-employees of our Bank.

NOTE:-  

(i) At the time of processing of loan the borrower’s place of residence should in the Bank area of operation.

2. PURPOSE

 To meet personal needs including medical expenses.

 3. LOAN AMOUNT

Maximum loan amount shall be Rs. 10,00,000/- (Rupees ten lakhs only) or amount equivalent to 15 times monthly pension whichever is lower.

4. NATURE OF LOAN  :–   Term loan / overdraft on monthly reducing drawing power (DP)

5. MARGIN    : – Nil