Vidarbha Konkan Gramin Bank Pension Loan @ 3.40%

Vidarbha Konkan Gramin Bank Pension Loan

⋆ Interest Rate 9.99% ⋆

Vidarbha Konkan Gramin Bank Pension Loan Features

Vidarbha Konkan Gramin Bank Pension Loan Interest Rate	3.40%
Vidarbha Konkan Gramin Bank Pension Loan Processing Fee	1%
Vidarbha Konkan 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
Vidarbha Konkan Gramin Bank prepayment	3%
Vidarbha Konkan Gramin Bank foreclosure	3%

Vidarbha Konkan Gramin Bank Pension Loan Eligibility

To qualify the criteria of eligibility in Vidarbha Konkan Gramin Bank for a pension. You should be linked to one of your ex-staff members who hold an account in pension. You should also be involved in the list of pension account holders in the State government or Central Government. You must be able to save 60% of the pension after paying the loan instalment.

Vidarbha Konkan 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

Vidarbha Konkan 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

Vidarbha Konkan 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	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

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

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 the Vidarbha Konkan Gramin Bank Pension loan is 3.40%. The given Vidarbha Konkan Gramin Bank Pension Loan can be used in the following ways:

Financial crisis.
Medical issue.
Personal expenses.
Travelling.

You can apply for a loan on Dialabank.

Document Required For Loans For Pensioners

Identity proof: (Any 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 Vidarbha Konkan 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 Vidarbha Konkan Gramin Bank

Vidarbha Konkan Gramin Bank came into existence on 28th February 2013. This Bank is situated in Nagpur and is one of the Indian Rural Banks.

FAQs

✅ What is the loan amount that a pensioner can avail?

The minimum loan amount that a pensioner can avail of is 25,000.

✅ What is the Vidarbha Konkan Gramin Bank Pension Loan scheme?

The Vidarbha Konkan Gramin Bank Pension Loan scheme is for all those retired people who want to complete their dreams in their ending days. This loan is for all the pensioners of defence, central or state government, or for all the family pensioners.

✅ From where can we apply for Pension Loan?

You can apply for Vidarbha Konkan Gramin Bank Pension Loan from Dialabank, or you can call us at 9878981166.

✅ At what Interest can we get a Loan for Pension in Vidarbha Konkan Gramin Bank?

The interest rate provided by the Vidarbha Konkan Gramin Bank for pensioners is 3.40%.