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Loans to Pensioners |
Pensioner´s privileges
Objective
Personal loan to pensioners drawing pension at our bank´s branches.
Purpose
To meet any genuine credit requirement of the pensioner for personal exigencies.
Nature of facility
Demand Loan.
Eligibility
Pensioners drawing pension at our bank´s branches who are of the age 70 yrs and below.
Upto 65 yrs 8 months pension
Quantum of Loan
Above 65 yrs to 70 yrs 4 months pension or
Rs.50,000/- whichever is lower
Rate of Interest
BBPLR + 1% (for general pensioners).bbplr (for ex-staff of Central Bank of India drawing pension).
Repayment
| Age of pensioners |
Repayment period |
| Upto 65 years |
36 EMI |
| Above 65 years to 70 years |
24 EMI |
Guarantee
A good third party guarantee acceptable to the Bank.
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