Regular pensioners or family pensioners drawing regular monthly pension through the branch.
Retired employees (other than dismissed/compulsorily retired)
Type of Advance
Demand Loan/Term Loan/Overdraft (reducible as per repayment schedule)/ Overdraft
Quantum of Advance DL/TL/OD (reducible as per repayment schedule) Overdraft [Pensioner' Credit Card holder not eligible]
Where PPO is held with Branch
Pension directly received at Branch from Treasury /DPDO
Regular Pensioner / Family Pensioner where age does not exceed 75 years at the end of repayment period.
Secured / Unsecured:-
15 times of monthly pension (For Pensioner / Family Pensioner – Max. loan Amount Rs.5 Lac)
times of monthly Pension (Max. Loan for Pensioners Rs.3 Lacs. Max. Loan for Family Pensioner Rs.1.5 lacs)
For those over 75 years, Max. Limit Rs.1 lac.
[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.50000/-)
3 Times of net pension (amount credited to SB A/c. less EMI for Loans if any, Max. Rs.50000/-)
Rate of Interest
Particulars
Rate of interest
Fully Secured/Clean/Unsecured as per Star Pensioner Loan Scheme
