CSB Bank Limited Pension Loan Features
| CSB Bank Limited Interest Rate | 3.40% |
| CSB Bank Limited Processing Fee | 1% of the loan amount |
| CSB Bank Limited Tenure | 36 months |
| CSB Bank Limited Amount Minimum | 25,000 |
| CSB Bank Limited Amount Max | 14 Lakh |
| CSB Bank Limited Amount Minimum | 2.5 Lakh |
| CSB Bank Limited Amount Max. | 5 Lakh |
| CSB Bank Limited prepayment | 3% of the loan amount |
| CSB Bank Limited foreclosure | 3% of the loan amount |
CSB Bank Limited Pension Loan Eligibility
In order to qualify for a pension loan, the fundamental prerequisite is that it should be the beneficiary of a state, PSU, or central government. In any of the branches of CSB Bank Limited, the borrower must remove the individual from the account.
CSB Bank Limited 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 |
CSB Bank Limited 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 |
CSB Bank Limited 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 | Authorized 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 CSB Bank Limited Personal Loan For Pensioners
In order to help pensioners enjoy a secure retirement, CSB Bank Limited offers an attractively low interest rate of 3.4 per cent.
Document Required For CSB Bank Limited Pension Loan
Identity proof: (Any one of the below-given documents would work)
- Aadhar Card
- Pan Card
- Passport
- Voter Identity Card
Address Proof: (Any of the below-given documents would work)
- Ration Card
- Passport
- Utility Bills
- Aadhar Card
- Property Purchased documents
Income Proof: All the above documents are required for getting a loan.
- Salary slips
- Bank Account Statements
Loan Amount on Bank Personal Loan For Pensioners
The minimum loan amount that will be given to pensioners by CSB Bank Limited is 25,000. The total number will be 14 Lakhs for State and federal govt pensioners and 5 Lakhs for Defence retirees for family people on benefits. The loan tenure will vary accordingly. For further details, please review the table below:
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 CSB Bank Limited
CSB Bank Limited is an Indian Regional Rural Bank. In 1976, it was funded by the State Bank of India. It has its main office in Dehradun. It is partially owned by the Government of India (50%), the Government of Uttarakhand (15%), State Bank of India (35%).
FAQs on CSB Bank Limited Pension Loan
✅How can I approach DialaBank to find out more about pension loans?
✅ What’s the scheme for pension loans?
After their retirement, the CSB Bank Limited Pension Loan scheme meets the financing needs of government, security, and family pensioners.
✅ What interest should we take on a pension loan from CSB Bank Limited?
The interest rate for pensioners given by CSB Bank Limited is 3.40 per cent.
