| « Pensioners Loan
State Bank of Indore- Pensioner Plus
Purpose:
The main purpose of this loan is to cover bona fide expenses of senior
citizens.
Eligibility:
All Central and State Government and Bank's pensioners, whose pension accounts are maintained
in this bank. The pensioner should not be more than 70 years of age.
Quantum of Loan:
Rs.75,000/- or 12 months pension, whichever is less would be taken as
maximum amount of loan to pensioners. And for family pensioners Rs.
60,000/- or 9 months pension whichever is less.
Interest Rate of Loan:
The rate of interest of State Bank of Indore pensioner plus is 0.05 %
below BPLR is 13 %.
Security for Loan:
The spouse eligible for family pension or any other family member or a third party worth the loan amount should guarantee the loan.
Repayment Period:
Repayment of Can Pension loan for senior citizen may be maximum of 36 months
in EMIs with effect from one month after first disbursement.
For more information: Visit
Top
|
