Nagaland Rural Bank Pension Loan Features
| Nagaland Rural Bank Pension Loan Interest Rate | 3.40% |
| Nagaland Rural Bank Pension Loan Processing Fee | 1% |
| Nagaland Rural Bank Pension Loan Tenure | 36 Months |
| Nagaland Rural Bank Pension Loan Amount Minimum | 25,000 |
| Nagaland Rural Bank Pension Loan Amount Max | 14 Lakh |
| Nagaland Rural Bank Family Pension Loan Amount Minimum | 2.5 Lakh |
| Nagaland Rural Bank Family Pension Loan Amount Max. | 5 Lakh |
| Nagaland Rural Bank prepayment | 3% |
| Nagaland Rural Bank foreclosure | 3% |
Nagaland Rural Bank Pension Loan Eligibility
For qualifying for a pension loan:
- You should hear about one of the former members of staff who has a pension plan.
- You can keep a pension account in the PSU, Central Government, State Government.
- After paying the loan installment, you must be able to save 60 percent of the pension.
Nagaland 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 |
Nagaland 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 |
Nagaland 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 | 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 | 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
3.40 percent is the interest rate on the Nagaland Rural Bank Pension loan. This personal loan is for your personal expenses, to reinforce your financial status for your medical emergency. You could register for a debt on Dialabank.
Document Required For Loans For Pensioners
Identity proof:
- Aadhar Card
- Passport
- Voter Identity Card
- Pan Card
Address Proof:
- Ration Card
- Passport
- Aadhar Card
- Property Purchased documents
- Utility Bills
Income Proof:
- Salary slips
- Bank Account Statements
Loan Amount on Bank Personal Loan For Pensioners
The minimum loan amount will be 25,000 for every pension category, but the maximum loan amount will continue to vary according to the category, such as state and central government pensioners and protection pensioners can take advantage of up to a maximum of 14 lakh loans, and family pensioners can take advantage of up to a maximum of 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 Nagaland Rural Bank
Nagaland Rural trust was founded under the Regional Rural Banks Act on 30 March 1983, with its corporate headquarters in Kohima in 1976. It is funded by India’s State Bank. In the ratio of 50: 35: 15 shares respectively, Nagaland Rural Bank is owned by the government of India, the State Bank of India & the Government of Nagaland.
FAQs
✅ What is the amount of credit a pensioner will take advantage of?
The minimum loan sum that can be used by a pensioner is 25,000 and the remainder would depend on which category that individual will fall.
✅What is the scheme for the Bandhan Bank Pension Loan?
The Nagaland Rural Bank Pension Loan Scheme will offer loans to all retired individuals who have been active in government jobs, defense services, or who are spouses of pension recipients.
✅Where do we seek a pension loan from?
You may connect for Nagaland Rural Bank Pension Loan from Dialabank or you can dial us at 9878981166.
✅ What interest can we get from the Bandhan Bank Pension Loan?
The interest rate for pensioners given by the Nagaland Rural Bank is 3.40 percent.
