Assam Gramin Vikash Bank Pension Loan Features
| Interest Rate | 3.40% |
| Processing Fee | 1% |
| Pension Loan Tenure | 36 Months |
| 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 |
| prepayment | 3% |
| foreclosure | 3% |
Assam Gramin Vikash Bank Pension Loan Eligibility
For qualifying for a pension loan:
- You should hear about one of your former workers who has a pension account.
- You can keep a pension account in the PSU, Central Government, State Government.
- After paying the loan installment, you must be able to save 60 percent of the pension.
Assam Gramin Vikash 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 |
Assam Gramin Vikash 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 |
Assam Gramin Vikash 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 | 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 |
(ii) 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 |
(ii) 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 is 3.40 percent on the Assam Gramin Vikash Bank Pension Loan. This personal loan is for your personal expenses to reinforce your financial status for your medical emergency. 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 below-given documents are necessary for showing income proof.
- Salary slips
- Bank Account Statements
Loan Amount on Bank Personal Loan For Pensioners
The minimum loan amount will be 25,000 for every pension category. Still, the maximum loan amount will continue to vary according to the category. State and central government pensioners and protection pensioners can take advantage of a maximum loan of 14 lakh. Family pensioners can take advantage of a maximum of 5 lakh.
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 Assam Gramin Vikash Bank
Assam Gramin Vikash Bank is headquartered in Mumbai and is part of Assam Gramin Vikash Bank, an Assam Gramin Vikash Bank. On October 1, the bank began its operations in 2015. RBI granted the Assam Gramin Vikash Bank Universal Banking License in 2015 July. Assam Gramin Vikash Bank was listed on 6 November 2015 by the BSE and NSE.
FAQs
✅ What is the loan amount that a pensioner can avail of?
The minimum amount of loan that a pensioner can take advantage of is 25,000, and the remainder would depend on which category the individual will fall.
✅ What is the Assam Gramin Vikash Bank Pension Loan scheme?
The Assam Gramin Vikash Bank Pension Loan Scheme will offer loans to all retired persons who have been active in government jobs, security services or are the spouses of those receiving pensions.
✅ From where can we apply for Pension Loan?
You can apply for Assam Gramin Vikash Bank Pension Loan from Dialabank or call us at 9878981166.
✅ At what Interest can we get a Loan for Pension in Assam Gramin Vikash Bank?
The interest rate for pensioners given by Assam Gramin Vikash Bank is 3.40 percent.
