Manipur Rural Bank Pension Loan Features
| Manipur Rural Bank Pension Loan Interest Rate | 3.40% |
| Manipur Rural Bank Pension Loan Processing Fee | 1% |
| Manipur Rural Bank 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 |
| Manipur Rural Bank prepayment | 3% |
| Manipur Rural Bank foreclosure | 3% |
Manipur Rural Bank Pension Loan Eligibility
For the Manipur Rural Bank pension loan eligibility:
- You should know one of your ex-staff member who has a pension account.
- IN PSU, central government, state government you should hold a pension account.
- You must be able to save 60% of the pension after paying loan instalment.
Manipur Rural 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 |
Manipur Rural 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 |
Manipur Rural 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 | Repayment Period | Age at the time of full repayment |
| Below 72 Years | 14 Lakh | 60 | Up to 77 Years |
| 72-74 Years | 12 Lakh | 48 | Up to 78 Years |
| 74-76 Years | 7.5 Lakh | 24 | Up to 78 Years |
(ii) For Defense Pensioners:
| Age | Max Loan Amount | Repayment Period | Age at the time of full repayment |
| below 56 Years | 14 Lakh | 84 | Up to 63 Years |
| 56-72 Years | 14 Lakh | 60 | Up to 77 Years |
| 72-74 Years | 12 Lakh | 48 | Up to 77 Years |
| 74-76 Years | 7.5 Lakh | 24 | Up to 78 Years |
(ii) For Family Pensioners (including Defense Pensioners) :
| Age | Max Loan Amount | Repayment Period | Age at the time of full repayment |
| Below 72 Years | 14 Lakh | 60 | Up to 77 Years |
| 72-74 Years | 12 Lakh | 48 | Up to 77 Years |
| 74-76 Years | 7.5 Lakh | 24 | Up to 78 Years |
Interest Rate Personal Loan For Pensioners
The interest rate in Manipur Rural Bank Bank Pension loan is 3.40%. This personal loan can be used for anything like:
- Personal expenses.
- Medical emergency.
- For strengthening your financial position etc.
You can apply for a loan on Dialabank.
Document Required For Loans For Pensioners
Identity proof: For identity proof in Manipur Rural Bank (Any of the below-given documents would work)
- Aadhar Card
- Pan Card
- Passport
- Voter Identity Card
Address Proof: For Address proof in Manipur Rural Bank (Any of the below-given documents would work)
- Ration Card
- Passport
- Utility Bills
- Aadhar Card
- Property Purchased documents
Income Proof: For income proof in Manipur Rural Bank both the documents are necessary:
- Salary slips
- Bank Account Statements
Loan Amount on Bank Personal Loan For Pensioners
The minimum loan amount is 25,000 for every pensioner and maximum are as following:
- Centeral and State government and defence pensioners get 14 Lakh.
- Family pensioners get 5 Lakh.
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 Manipur Rural Bank
It was established in 1981 on 28th May under a joint undertaking of Punjab National Bank, Government of Manipur and Government of India under the ratio of 35:15:50 and was established under Regional Rural Banks Act, 1976.
FAQs
✅ What is the loan amount that a pensioner can avail?
The minimum loan amount is 25,000.
✅What is the Manipur Rural Bank Pension Loan scheme?
The Manipur Rural Bank Pension Loan scheme will be providing loan to all those retired people who were involved in Government jobs, defence services or are the spouse of those who is receiving pensions.
✅From where can we apply for Pension Loan?
You can apply for Manipur Rural Bank Pension Loan from Dialabank or you can call us at 9878981166.
✅ At what Interest can we get a Loan for Pension in Tamilnad Mercantile Bank?
The interest rate provided by the Manipur RuralI Bank for pensioners is 3.40%
