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State Bank of Bikaner and Jaipur- SBBJ Pension Loan
Purpose of the Loan:
The general purpose of this loan is to meet various expenses of
pensioners whose age not more than 72 years.
Eligibility:
All Central Government or State Govenment and SBBJ pensioners including family
pensioners who draw pension from SBBJ branches or Treasuries are eligible
for this pensioners loan.
Quantum of Loan:
15 times of monthly pension maximum Rs.1,00,000/- lakhs. In case of family
pensioners, 10 times of monthly pension ie; maximum Rs.50,000/-.
Interest Rate:
Interest Rate of Pensioner's Loan 0.50 % below BPLR is 11.75 %.
Repayment of Loan:
Repayment of SBBJ Pension Loan for senior citizen may be maximum of 60
months in EMIs with effect from one month after first disbursement.
Margin/ Security:
There is no margin and security for this loan.
Processing Fee:
Processing fee would be waived for each loan scheme.
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