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Loan for pensioners to meet Medical expenses, other genuine needs and emergent personal expenses. Purpose:
- Cost of Medical expenses and other genuine needs & emergent personal expenses.
Margin: Eligibility: - Pensioners drawing pension through our Branch
- Pensioners of all Central/State Govt./Govt, Depts undertakings/PSUs/Corporates, family pensioners of above categories, ex-employees of the Banks.
Quantum:- 10 times monthly pension OR Maxi.Rs.50,000/- which ever is higher.
Security: - Co-obligation of wife, son, daughter (wherever family pension permitted).
Repayment: Rate of Interest: Pre-Closer Charges:- 1.00% on outstanding balance.
Documentation: - Application
- Pronote/Pronote covering letter
- Photograph of the borrower/co – obligant.
- Declaration for end use of loan.
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