Allahabad Bank- Personal Loan for Pensioners
Target Group & Eligibility: All state Govt., central Govt., teachers’ and our bank employee Pensioners whose monthly pensions are credited in the accounts maintained by them with our branches.
Age of the pensioner should not exceed 73 years (Seventy three years) as on the date of disbursement of loan and loan should be fully repaid before attaining the age of 75.
The personal / domestic requirement but not for speculative purpose.
Quantum of loan
An amount equivalent of 10 months’ pension inclusive of relief subject to the following maximum limit.
Margin : Nil
Rate of interest: Click Here
Processing Fee: No processing fee
Group Personal Accident Insurance Policy of Rs.200,000/- (Irrespective of loan amount) covering accidental death for the pensioners availing loan under Personal Loan Scheme for Pensioners. This scheme is withdrawn w.e.f 15.01.2013.
Delivery Channel: All Branches
*Subject to Change without prior notice.
Updated on : 21/1/2017