Chaitanya Godavari Gramin Bank Pension Loan Features
| CGGB Pension Loan Interest Rate | 11.83% p.a. |
| CGGB Pension Loan Processing Fee | 1% of the loan amount |
| CGGB Pension Loan Tenure | 36 months |
| Pension Loan Amount Minimum | 25,000 |
| Pension Loan Amount Max | 14 Lakh |
| Family Pension Loan Amount Minimum | 2.5 Lakh |
| Family Pension Loan Amount Max. | 5 Lakh |
| CGGB Prepayment Charges | 3% of the loan amount |
| CGGB Foreclosure Charges | 3% of the loan amount |
Chaitanya Godavari Gramin Bank Pension Loan Eligibility
For the Chaitanya Godavari Gramin Bank loan eligibility, it is one of the primary demand that one of your ex-staff part who is having a pension account. You must also be a pensioner of state power, PSU or Central Government. You must also take back 60% of the monthly pension after paying the bank instalments.
Chaitanya Godavari Gramin Bank Pension Loan Eligibility for Central and State Government Pensioners
| Eligibility Criteria | Key Features |
| Employer Type | Central and State Government |
| Applicant’s Age | Below 76 years of age |
| Account Type | Pension payment order maintained by Bank |
| Treasury Terms | Written consent from the treasurer not to accept any pension transfer requests |
| Guarantee Terms | By the spouse (eligible for a family pension) or any other third party |
Chaitanya Godavari Gramin Bank Pension Loan Eligibility For Defence Pensioners
| Eligibility Criteria | Key Features |
| Employer Type | Armed Forces, Paramilitary Forces, Coast Guards, Rashtriya Rifles, Assam Rifles |
| Applicant’s Age | Below 76 years of age |
| Account Type | Pension payment order maintained by Bank |
| Treasury Terms | Not applicable |
| Guarantee Terms | Not applicable |
Chaitanya Godavari Gramin Bank Pension Loan Eligibility For Family Pensioners
| Eligibility Criteria | Key Features |
| Employer Type | Central and State Governments including all Armed Forces |
| Applicant’s Age | Below 76 years of age |
| Account Type | Pension payment order maintained by Bank |
| Treasury Terms | Not applicable |
| Guarantee Terms | Authorised members of the family under the family pension scheme |
Maximum Eligible Loan Amount and repayments
For Central and State Government Pensioners:
| Age | Max Loan Amount (18 months Pension or Less) | Repayment Period | Age at the time of full Repayment |
| Below 72 years | ₹ 14.00 Lakh | 60 months | Up to 77 years |
| 72 – 74 years | ₹ 12.00 Lakh | 48 months | Up to 78 years |
| 74 – 76 years | ₹ 7.50 Lakh | 24 months | Up to 78 years |
For Defense Pensioners:
| Age | Max Loan Amount (18 months Pension or Less) | Repayment Period | Age at the time of full Repayment |
| Below 56 years | ₹ 14.00 Lakh | 84 months | Up to 63 years |
| 56 – 72 years | ₹ 14.00 Lakh | 60 months | Up to 77 years |
| 72 – 74 years | ₹ 12.00 Lakh | 48 months | Up to 78 years |
| 74 – 76 years | ₹ 7.50 Lakh | 24 months | Up to 78 years |
For Family Pensioners (including Defense Pensioners):
| Age | Max Loan Amount (18 months Pension or Less) | Repayment Period | Age at the time of full Repayment |
| Below 72 years | ₹ 5.00 Lakh | 60 months | Up to 77 years |
| 72 – 74 years | ₹ 4.50 Lakh | 48 months | Up to 78 years |
| 74 – 76 years | ₹ 2.50 Lakh | 24 months | Up to 78 years |
Interest Rate On Chaitanya Godavari Gramin Bank Personal Loan For Pensioners
The interest rate for Chaitanya Godavari Gramin Bank Pension Loan is very limited i.e. 3.40% p.a. to fulfil the requirements of old pensioners in their ending times.
Document Required For Chaitanya Godavari Gramin Bank Pension Loan
Identity proof: Any of the following specified
- Passport
- Voter Identity Card
- Pan Card
- Driving License
- Aadhaar Card
Address proof: Any of the following specified
- Ration Card
- Bank Account Statement
- Passport
- Driving License
- Utility bills
- The property purchase agreement
- Aadhaar Card
Income proof:
- Bank Account Statement
- Salary Slips
Loan Amount On Chaitanya Godavari Gramin Bank Personal Loan For Pensioners
The minimum loan sum is Rs 25,000. The highest loan amount and loan tenure depends on the pensioner’s age and the type of payment he/she is drawing.
For State and Central Government Pensioners:
| Age | Minimum Loan Amount | Maximum Loan Amount | Additional Ceiling Amount | Loan Tenure |
| Less Than 72 Years | 25000 | 14 Lakh | 18 Months Pension | 60 |
| 72 to 74 Years | 25000 | 12 Lakh | 18 Months Pension | 48 |
| 74 to 76 Years | 25000 | 7.5 Lakh | 18 Months Pension | 24 |
For Defence Pensioners:
| Age | Minimum Loan Amount | Maximum Loan Amount | Additional Ceiling Amount | Loan Tenure |
| Up to 56 Years | Rs 25000 | 14 Lakh | 36 Months Pension | 84 |
| Less Than 72 Years | Rs 25000 | 14 Lakh | 18 Months Pension | 60 |
| 72 to 74 Years | Rs 25000 | 12 Lakh | 18 Months Pension | 48 |
| 74 to 76 Years | Rs 25000 | 7.5 Lakh | 18 Months Pension | 24 |
For Family Pensioners:
| Age | Minimum Loan Amount | Maximum Loan Amount | Additional Ceiling Amount | Loan Tenure |
| Less Than 72 Years | 25000 | 5 Lakh | 18 Months Pension | 60 |
| 72 to 74 Years | 25000 | 4.5 Lakh | 18 Months Pension | 48 |
| 74 to 76 Years | 25000 | 2.5 Lakh | 18 Months Pension | 24 |
About Chaitanya Godavari Gramin Bank
Founded in the year 2006, Chaitanya Godavari Grameena Bank was formed after the merger of Godavari Grameen Bank and Chaitanya Grameena Bank. It’s a regional rural bank that is sponsored by Andhra Bank and has headquarters in Guntur, Andhra Pradesh. It has been a profit-making RRB since its inception and has a network of 221 branches
FAQs on Chaitanya Godavari Gramin Bank Pension Loan
✅ Can you get a loan on a pension?
The Chaitanya Godavari Gramin Bank Pension Loan is possible for the Central and State Govt pensioners, Defense pensioners and family pensioners up to 76 years of life.
✅ How much loan can a pensioner get?
The loan value of the personal loan for pensioners varies for the various pension loan providers. The Chaitanya Godavari Gramin Bank Pension Loan can be availed for the price of Rs 25,000 to Rs 14 lakhs.
✅ What is the pension loan scheme?
The Chaitanya Godavari Gramin Bank Pension Loan plan covers the funding needs of Govt, Defense and family pensioners after their departure.
✅ At what rate of interest you can get Chaitanya Godavari Gramin Bank Pension Loan?
You can receive Chaitanya Godavari Gramin Bank Pension Loan at a 3.40% p.a. interest rate.
✅ How can you get Chaitanya Godavari Gramin Bank Pension Loan?
You can practice online via Dialabank or call at 9878981166.
