Corporate Site |
Hindi Marathi
[+] [-] | Skip to navigation | Skip to main content | screenreader Contrast Scheme : contrast
     91-22-40919191 , 1800 220 229      (Toll free for MTNL/BSNL)
rect rect
yo You are here path  Retail path Retail-Loan path BOI Star Pensioner Loan  
banner
 
BOI Star Pensioner Loan Scheme
 
1 Target Customers(Eligibility) -- Regular pensioners or family pensioners drawing regular monthly pension through the branch.
-- Retired employees (other than dismissed/compulsorily retired)
2 Type of Advance Demand Loan/Term Loan/Overdraft (reducible as per repaymentschedule)/ Overdraft
(3 months Pension Max. Rs.15000/-)
3 Quantumof Advance DL/TL/OD (reducible as per repayment schedule) Overdraft [Pensioner' Credit Card holder not eligible]
Regular Pensioner Family Pensioner
Unsecured / Clean :-
10 times of monthly pension (maximum loan amount Rs.1 LAC) 		10 times of monthly Pension(Max. loan amount Rs.50000/-)
Secured :-
  1. 20 times of monthlypension (maximum loan amount Rs.1 lac)
  2. For pensioners over 65 years – maximum loan amount Rs.50000/-
20 times of monthly pension (Max. loan amount Rs.50000/-)
[Proponent/borrower may be sanctioned more than one loan (i.e. two accounts – one for secured and other for unsecured/clean loan) under the scheme, depending upon eligibility].
3 times of net pension (amount credited to SB A/c. less EMI for Loans if any, Max. Rs.15000/-) 3 times of net pension (amount credited to SB A/c. less EMI for Loans if any, Max. Rs.15000/-)
4 Net take home Pension The net take home pension after deduction of loan installment should be at least 40% of the pension amount.

 
 
May We Reach You ?
Announcement        Start | Stop
Top
arrow
images © 2012 Bank of India. All rights reserved Site best viewed in resolution of 1024x768 ipv6 ready images
rect
BOI Star Pensioner Loan