Features of PNB Personal bank loan to own Pensioners
- Pensioners otherwise household members pensioners which mark the retirement courtesy any Main Bank away from Asia branch
- Pensioners who found its retirement regarding Treasury and/or Defence Your retirement Disbursing Place of work once the a direct credit on the savings account stored at any branch out of Main Lender from Asia
- Pensioners otherwise household members pensioners acquiring pension out-of Main Bank out-of Asia
PNB Consumer loan Plan for Pensioners
Punjab National Lender recognises the necessity for more money for pensioners in times out of issues, medical costs and private need. The financial institution has the benefit of an unsecured loan from the reduced rates of interest to help pensioners satisfy these types of financial obligation. All pensioners just who draw their pension through PNB qualify in order to get a personal loan.
Handling Fees: There are no processing charge energized. There is certainly a charge off Rs.500 and GST relevant given that documents charges.
Loan Limit: The minimum amount borrowed sanctioned is Rs.twenty five,100000. The top limitation utilizes brand new your retirement pulled and decades of applicant.
Repayment: The loan must be paid off from inside the restriction 60 EMIs. Having pensioners over the age 75 age, maximum tenure offered are 24 EMIs. Brand new cost is calculated based on the web monthly pension so all of the write-offs like the financing EMI really does not exceed fifty%.
Guarantor: The fresh companion who’s qualified to receive the household pension must sit given that guarantor. In case your pensioner enjoys a young child that is making (preferably employed by the federal government), the little one is also sit since the guarantor. (mais…)