Utkal Grameena Bank Pension Loan Features
| UG Bank Pension Loan Interest Rate | 3.40% |
| UG Bank Pension Loan Processing Fee | 1% |
| UG Bank Pension Loan Tenure | 36 months |
| UG Bank Pension Loan Amount Minimum | Rs. 25000 |
| UG Bank Pension Loan Amount Max | 14 lacs |
| UG Bank Family Pension Loan Amount Minimum | 2.5 lacs |
| UG Bank Family Pension Loan Amount Max. | 5 lacs |
| UG Bank prepayment | 3% |
| UG Bank foreclosure | 3% |
Utkal Grameena Bank Pension Loan Eligibility
For the Utkal Grameena Bank to be eligible for a loan, one of the prerequisites is that considered one of all preceding representatives of the organisation consists of an apartment clarification. It could be much less annoying at the off risk which you had been the recipient of the authorities, PSU or significant government at the identical time. You will be able to take home 60% of the month to month hire together once you pay the bank price.
Utkal Grameena 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 |
Utkal Grameena 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 |
Utkal Grameena 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 (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 Utkal Grameena Bank Personal Loan For Pensioners
The credit prices for the Utkal Grameena pension Credit are, for instance, 3.40% lower than the cease of the phrases of the previous retirees on their end days.
Document Required For Utkal Grameena Bank Pension Loan
Income proof:- Bank Account Statement and Salary Slips
Address proof: Ration Card, Bank Account Statement, Passport, Driving License, Light bills, Property purchase contract, Aadhaar Card. (you can present any of these)
Identity proof:- Passport, Voter ID card, Pan Card, Driving License, Aadhaar Card. (you can present any of these)
Loan Amount On Utkal Grameena Bank Personal Loan For Pensioners
The least sum is Rs. 25000 the highest sum of the credit score is 14 lacs. Consequently, the sum of the credit relies on the life of the retired individual and thus, on the annuity he/she takes.
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 Utkal Grameena Bank
Utkal Grameen Bank is a Regional Rural Bank established on 1 November 2012 with the merger of Rushikulya Gramya Bank and Utkal Gramya Bank in terms of provisions of Regional Rural Banks Act 1976. The State Bank of India sponsors the bank, and it is jointly owned by the Government of India, Government of Odisha and SBI.
FAQs on Utkal Grameena Bank Pension Loan
✅ Can you get a loan on a pension?
Utkal Grameena Bank advantages credit score is simple for the recipients of Central and State Governments. Assurance of retired human beings and households of retired human beings above 76 years of age.
✅ How much loan can a pensioner get?
The total credit score mortgage for recipients interchanges for a few improvement benefit suppliers. Utkal Grameena Bank annuity advances can benefit from Rs 14 lacs to Rs 25,000.
✅ What is the pension loan scheme?
Utkal Grameena Bank pension mortgage Conspire consolidates the money related wishes of the government, resistance and own family benefits after retirement.
✅ How can you get Utkal Grameena Bank Pension Loan?
You can apply online through Dialabank, or you can ask your doubts at 9878981166
