« Pensioners Loan
Jammu & Kashmir Bank-
Saral/Saholiat Finance Scheme for pensioners
Nature of Facility:
- Disbursed in cash
- No questions asked about its end-use.
Eligibility: Central and state government pensioners drawing pension through the bank.
Amount of Loan:
- Maximum 2.50 lac or 18 months net pension, whichever is lower, for pensioners below the age of 65 years.
- Maximum 1.50 lac or 12 months net pension, whichever is lower for pensioners above 65 years to 70 years of age.
- Maximum 0.70 lac or 9 months net pension, whichever is lower for pensioners above 70 years of age.
Security: Guarantee of spouse eligible for family pension or of any other family member or a third party guarantee which is considered good for the amount of advance.
- Up to 65 years : 48 months
- Above 65 years to 70 years : 36 months
- Above 70 years : 24 months
Rate of Interest: Click Here