Jammu And Kashmir Grameen Bank Pension Loan Features
| Jammu And Kashmir Grameen Bank Pension Loan Interest Rate | 3.4% p.a. |
| Jammu And Kashmir Grameen Bank Pension Loan Processing Fee | 1% |
| Jammu And Kashmir Grameen Bank Pension Loan Tenure | 36 months |
| Jammu And Kashmir Grameen Bank Pension Loan Amount Minimum | 25,000 |
| Jammu And Kashmir Grameen Bank Pension Loan Amount Max | 14 Lakh |
| Jammu And Kashmir Grameen Bank Family Pension Loan Amount Minimum | 2.5 Lakh |
| Jammu And Kashmir Grameen Bank Family Pension Loan Amount Max. | 5 Lakh |
| Jammu And Kashmir Grameen Bank Prepayment Charges | 3% of the loan amount |
| Jammu And Kashmir Grameen Bank Foreclosure Charges | 3% of the loan amount |
Jammu And Kashmir Grameen Bank Pension Loan Eligibility
The qualification of the Jammu And Kashmir Grameen Bank loan to be amongst the ex-staff representatives with a pension report has been one of the primary requirements. You would have to be a client of the government, PSU, or central state government. You will also actually earn 60% of the retirement income after making the bank fees.
Requirements for Central and State Government Pensioners by Jammu And Kashmir Grameen Bank Pension Loan
| Eligibility | Attributes |
| Employer Kind | Central and State Government |
| Applicant’s (Age) | Beneath 76 years of age |
| Account Type | Order of pension payments enforced by the Bank |
| Treasury Terms | Written approval from the treasurer not to consider any demands for a pension transfer |
| Guarantee Conditions | By the spouse (eligible for a relationship pension) or any other third relation |
Jammu And Kashmir Grameen Bank Pension Loan Eligibility For Defence Pensioners
| Eligibility Conditions | Key Terms |
| Employer (Type) | Armed Forces, Paramilitary Forces, Coast Guards, Rashtriya Rifles, Assam Rifles |
| Applicant’s (Age) | Down 76 years of age |
| Account Type | Pension payment order was given by Bank |
| Treasury Terms | Not applicable |
| Guarantee Terms | Not applicable |
Jammu And Kashmir Grameen Bank Pension Loan Eligibility For Family Pensioners
| Eligibility Terms | Key Characters |
| Employer Kind | Central and State Governments including all Armed Forces |
| Applicant’s Age in Years | Below 76 years of age |
| Account Kind | Pension payment order maintained by Bank |
| Treasury Kind | Not applicable |
| Guarantee Terms | Authorized members of the family under the family pension scheme |
Maximal Eligible Loan Amount and repayments
For Central and State Government Pensioners:
| Age | Max Loan Quantity(18 months Pension or Less) | Tenure 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 Jammu And Kashmir Grameen Bank Personal Loan For Pensioners
The inflation rate of the Jammu and Kashmir Grameen Bank Pension Debt is far smaller, i.e. 3.40% p.a. In the dying years, to fulfil the needs of the older retirees.
Document Required For Jammu And Kashmir Grameen Bank Pension Loan
Identity proof:
- Passport
- Pan Card
- Driving License
- Voter Identity Card
- Aadhaar Card
Address proof:
- 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 Jammu And Kashmir Grameen Bank Personal Loan For Pensioners
The loan amount of Rs 25,000 is the lowest. The actual loan amount and the period of the debt depending on the people’s retirement age or the type of retirement he or she earns.
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 Jammu And Kashmir Grameen Bank
J&K Grameen Bank provides loans, deposits, Rupay Debit and Rupay Kissan Cards, Saving Accounts, Current Accounts, and other products and services. To make financial deals simple and convenient, we provide other services.
FAQs on Jammu And Kashmir Grameen Bank Pension Loan
✅ Can you get a loan on a pension?
The Jammu And Kashmir Grameen Bank Pension Loan is accessible for Central and State government pensioners, money pensioners, and family pensioners up to 76 years of age.
✅ How much loan can a pensioner get?
The loan balance for private student loans to workers varies for both the various companies of retirement loans. The Jammu And Kashmir Grameen Bank Retirement Loan could be used for a sum of Rs 25,000 towards Rs 14 lakhs.
✅ What is the pension loan scheme?
The Jammu And Kashmir Grameen Bank Pension Loan Scheme protects the funding needs of government pensioners, security pensioners, and family pensioners after they retire.
✅ At what rate of interest you can get Jammu And Kashmir Grameen Bank Pension Loan?
Jammu And Kashmir Grameen Bank Pension Loan can be purchased at 3.40 percent p.a. Level of interest.
✅ How can you get Jammu And Kashmir Grameen Bank Pension Loan?
You can apply online via Dialabank or call at 9878981166.
