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Dena Bank- Dena Senior Citizen Pensioner's Loan
Eligibility:
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Borrower must be the pensioner of State Government or Central Government or
any public Sector Undertakings.
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He or she must be an ex-staff member with a pension account.
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Loan recovery period is not extending beyond 75 years of
age.
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Your take home pension is not less than 60% of your
monthly pension after deduction of the loan installment.
Quantum of Loan:
The maximum loan amount given to the borrower may be Rs.
50,000 or 6 months pension whichever is less. There is no any margin for this
advance.
Interest Rate of Loan:
Interest charged on Dena Senior Citizen Pensioner's Loan may be
in the form of daily reducing balance method and its interest rate is 13 % p.a.
There is no prepayment charges and processing fee for this pensioners loan
scheme.
Repayment of Loan:
Repayment of Dena Senior Citizen Pensioner's Loan for senior citizen may be maximum
of 24 months in equated monthly installment schemes with effect from one month after first
disbursement.
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