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Baroda Loan to Pensioners |
The Baroda Loan to Pensioners helps you in bridging emergent financial requirements for various purposes.
Key Benefits
Loan available with minimum formalities.
Maximum amount of loan - Rs. 1 Lac or 10 times of your last monthly pension, whichever is lower.
Personal accidental death Insurance cover of up to Rs. 1 Lac available.
Terms & Conditions
This loan is available to all pensioners, upto a maximum age of 70 years.
The loan can be availed for any purpose except speculative.
Repayment in 36 monthly installments.
Personal guarantee of person nominated to receive the Family Pension in case of death of the Pensioner.
14.25%. (Fixed)*
* Rate prevailing on the date of sanction will remain fixed for the entire duration of the loan.
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