Uttarakhand Gramin Bank Pension Loan Features
| UGB Pension Loan Interest Rate | 3.40% |
| UGB Pension Loan Processing Fee | 1% of the loan amount |
| UGB Pension Loan Tenure | 36 months |
| UGB Pension Loan Amount Minimum | 25,000 |
| UGB Pension Loan Amount Max | 14 Lakh |
| UGB Family Pension Loan Amount Minimum | 2.5 Lakh |
| UGB Family Pension Loan Amount Max. | 5 Lakh |
| UGB prepayment | 3% of the loan amount |
| UGB foreclosure | 3% of the loan amount |
Uttarakhand Gramin Bank Pension Loan Eligibility
The basic requirement to be eligible for a pension loan is that he should be a beneficiary of state, PSU, or central governments. The borrower must draw his person from an account in any of the branches of Uttarakhand Gramin Bank.
Uttarakhand 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 |
Uttarakhand 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 |
Uttarakhand 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 | 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 Uttarakhand Gramin Bank Personal Loan For Pensioners
Uttarakhand Gramin Bank provides an attractively low rate of interest of 3.4% to help the pensioners live a comfortable retirement.
Document Required For Uttarakhand Gramin Bank Pension Loan
Identity proof: (Any one of the below-given documents would work)
- Aadhar Card
- Pan Card
- Passport
- Voter Identity Card
Address Proof: (Any of the below-given documents would work)
- Ration Card
- Passport
- Utility Bills
- Aadhar Card
- Property Purchased documents
Income Proof: All the above documents are required for getting a loan.
- Salary slips
- Bank Account Statements
Loan Amount on Bank Personal Loan For Pensioners
The minimum loan amount which will be provided by Uttarakhand Gramin Bank to the pensioners is 25,000. The maximum amount will be 14 Lakhs for state and central government pensioners and for Defence pensioners, 5 Lakhs to Family Pensioners. The loan tenure will vary accordingly. For more information please refer to the below-given table:
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
Uttarakhand Gramin Bank
Uttarakhand Gramin Bank is a regional rural bank of India. It is sponsored by the State Bank Of India in 1976. It has its headquarters in Dehradun. It is partially owned by the Government of India (50%), the Government of Uttarakhand (15%), State Bank of India (35%).
FAQs on Uttarakhand Gramin Bank Pension Loan
✅How to contact DialaBank for more information on the pension loans?
✅ What is the pension loan scheme?
The Uttarakhand Gramin Bank Pension Loan scheme covers the funding needs of Govt, Defense, and family pensioners after their retirement.
✅At what Interest can we get a Loan for Pension in Uttarakhand Gramin Bank?
The interest rate provided by the Uttarakhand Gramin Bank for pensioners is 3.40%.
