HDB Pension Loan Features
| HDB Pension Loan Interest Rate | 13%-13.90% p.a. |
| HDB Pension Loan Processing Fee | 1% of the loan amount |
| HDB Pension Loan Tenure | 36 months |
| HDB Pension Loan Amount Minimum | Rs 25,000 |
| HDB Pension Loan Amount Max | Rs.20lakhs |
| HDB Family Pension Loan Amount Minimum | Rs 2lakhs |
| HDB Family Pension Loan Amount Max. | Rs. 10lakhs |
| HDB prepayment | 3% of the loan amount |
| HDB foreclosure | 3% of the loan amount |
HDB Pension Loan Eligibility
The pensioner should draw his monthly pension from the branches of the Bank and be able to save 60% of his pension after paying loan installments.
HDB Pension Loan Eligibility for Central and State Government Pensioners
| Age range | The basis for arriving at quantum | Maximum permissible loan (Amount in lakhs) |
| Up to 65 years | 18 times gross monthly pension routed through our Bank | 10.00 |
| 65 – 70 years | 18 times gross monthly pension routed through our Bank | 5.00 |
| Over 70 years | 5 months gross pension being routed through our Bank | 2.00 |
HDB Pension Loan Eligibility For Defence Pensioners
| Age range | The basis for arriving at quantum | Maximum permissible loan (Amount in lakhs) |
| Up to 65 years | 18 times gross monthly pension routed through our Bank | 10.00 |
| 65 – 70 years | 18 times gross monthly pension routed through our Bank | 5.00 |
| Over 70 years | 5 months gross pension being routed through our Bank | 2.00 |
HDB Pension Loan Eligibility For Family Pensioners
| Age range | The basis for arriving at quantum | Maximum permissible loan (Amount in lakhs) |
| Up to 65 years | 18 times gross monthly pension routed through our Bank | 10.00 |
| 65 – 70 years | 18 times gross monthly pension routed through our Bank | 5.00 |
| Over 70 years | 5 months gross pension being routed through our Bank | 2.00 |
Maximum Eligible HDB Pension 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 HDB Personal Loan For Pensioners
At City Union Bank, Pensioners can avail of personal loans at an interest of MCLR+ 3.60% p.a. The current interest rate is 13.9%.
Document Required For City Union Bank Personal Loans For Pensioners
The list of documents varies as banks do not prescribe a set of documents, and it may also vary from repayment tenure to loan amount. The generic documents required to be submitted are:
- Completed & Signed loan application form with passport size photographs
- Copy of your driving license, passport, or Voter’s ID(identity proof)
- Address Proof (photocopy of recent Telephone Bills/ Electricity Bill).
- Bank statement for the past six months
- The latest salary slip
- The latest Form 16 or Income Tax Returns
Loan Amount On City Union Bank Personal Loan For Pensioners
For State and Central Government Pensioners
| Bank Pension Loan | Minimum Loan Amount | Maximum Loan Amount | Additional Ceiling Amount | Loan Tenure(months) |
| Below 65 years Between 65 – 70 years Above 70 years |
Rs 25,000 | RS 10 lakhs RS 5 lakhs RS 2 lakhs |
18 months | 60 48 24 |
Defense Pensioners
| Bank Pension Loan | Minimum Loan Amount | Maximum Loan Amount | Additional Ceiling Amount | Loan Tenure(months) |
| Below 65 years Between 65 – 70 years Above 70 years |
Rs 25,000 | RS 10 lakhs RS 5 lakhs RS 2 lakhs |
18 months | 60 48 24 |
Family Pensioners
| Bank Pension Loan | Minimum Loan Amount | Maximum Loan Amount | Additional Ceiling Amount | Loan Tenure(months) |
| Below 65 years Between 65 – 70 years Above 70 years |
Rs 25,000 | RS 10 lakhs RS 5 lakhs RS 2 lakhs |
18 months | 60 48 24 |
About HDB
HDB Financial Services is a leading Non-Banking Financial Company that serves both individuals and corporate organizations. It was incorporated in 2007 with high capitalization and a well-established network. It is a subsidiary of HDFC bank.
FAQs HDB Pension Loan
✅ Is there an income eligibility criteria to secure a personal loan from HDB Financial?
At HDB, a salaried employee must earn a minimum of ₹ 20,000 per month to avail the loan.
✅ How can you get HDB Pension Loan?
You can apply online via Dialabank or call at 9878981166.
✅ Is there a bar on the age limit to apply for a pension loan?
If you are a pensioner with an account with the bank and are not above 78 years, you can avail of the City Union Bank Pension Loan.
