Saurashtra Gramin Bank Pension Loan Features
| Saurashtra Gramin Bank Pension Loan Interest Rate | 11.83% p.a. |
| Saurashtra Gramin Bank Pension Loan Processing Fee | 1% of the loan amount |
| Saurashtra Gramin 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 |
| Saurashtra Gramin Bank Prepayment Charges | 3% of the loan amount |
| Saurashtra Gramin Bank Foreclosure Charges | 3% of the loan amount |
Saurashtra Gramin Bank Pension Loan Eligibility
For the Saurashtra Gramin Bank loan eligibility, it is one of the basic requirement that one of your ex-staff part who is having a pension account. You must also be a recipient of state government, PSU or Central Government. You must also take back 60% of the monthly pension after paying the bank fees.
Saurashtra Gramin 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 |
Saurashtra Gramin 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 |
Saurashtra Gramin 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 (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 Saurashtra Gramin Bank Personal Loan For Pensioners
The interest charge for Saurashtra Gramin Bank Pension Loan is very less i.e. 3.40% p.a. to fulfil the needs of old grantees in their ending days.
Document Required For Saurashtra Gramin Bank Pension Loan
Identity proof: Any of the following–
- Passport
- Voter Identity Card
- Pan Card
- Driving License
- Aadhaar Card
Address proof: Any of the following–
- 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 Saurashtra Gramin Bank Personal Loan For Pensioners
The smallest loan price is Rs 25,000. The highest loan sum and loan tenure depends on pensioner’s life and the type of pension he/she is drawing.
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 |
FAQs on Saurashtra Gramin Bank Pension Loan
✅ Can you get a loan on a pension?
The Saurashtra Gramin Bank Pension Loan is possible for the Central and State Govt pensioners, Defense pensioners and family grantees up to 76 years of age.
✅ How much loan can a pensioner get?
The loan value of the personal loan for pensioners varies for the various pension loan providers. The Saurashtra Gramin Bank Pension Loan can be availed for the price Rs 25,000 to Rs 14 lakhs.
✅ What is the pension loan scheme?
The Saurashtra Gramin Bank Pension Loan plan covers the funding needs of Govt, Defense and family pensioners after their departure.
✅ At what rate of interest you can get Saurashtra Gramin Bank Pension Loan?
You can take Saurashtra Gramin Bank Pension Loan at 3.40% p.a. interest rate.
✅ How can you get Saurashtra Gramin Bank Pension Loan?
You can connect online via Dialabank or call at 9878981166
