Baroda Gujarat Gramin Bank Pension Loan Features
| Baroda Gujarat Gramin Bank Pension Loan Interest Rate | 3.4% p.a. |
| Baroda Gujarat Gramin Bank Pension Loan Processing Fee | 1% |
| Baroda Gujarat Gramin Bank Pension Loan Tenure | 36 months |
| Baroda Gujarat Gramin Bank Pension Loan Amount Minimum | 25,000 |
| Baroda Gujarat Gramin Bank Pension Loan Amount Max | 14 Lakh |
| Baroda Gujarat Gramin Bank Family Pension Loan Amount Minimum | 2.5 Lakh |
| Baroda Gujarat Gramin Bank Family Pension Loan Amount Max. | 5 Lakh |
| Baroda Gujarat Gramin Bank Prepayment Charges | 3% of the loan amount |
| Baroda Gujarat Gramin Bank Foreclosure Charges | 3% of the loan amount |
Baroda Gujarat Gramin Bank Pension Loan Eligibility
It is one of the primary conditions for the eligibility of the Baroda Gujarat Gramin Bank loan to be one of the ex-staff constituents who have a pension statement. You just have to be a recipient of the government, PSU, or national government ruling party. You will also bring home 60 percent of the monthly salary after charging the bank fees.
Requirements for Central and State Government Pensioners by Baroda Gujarat Gramin Bank Pension Loan
| Eligibility | Attributes |
| Employer Kind | Central and State Government |
| Applicant’s (Age) | Beneath 76 years of age |
| Account Type | Order of pension payments enforced by the Bank |
| Treasury Terms | Written approval from the treasurer not to consider any demands for a pension transfer |
| Guarantee Conditions | By the spouse (eligible for a relationship pension) or any other third relation |
Baroda Gujarat Gramin Bank Pension Loan Eligibility For Defence Pensioners
| Eligibility Conditions | Key Terms |
| Employer (Type) | Armed Forces, Paramilitary Forces, Coast Guards, Rashtriya Rifles, Assam Rifles |
| Applicant’s (Age) | Down 76 years of age |
| Account Type | Pension payment order was given by Bank |
| Treasury Terms | Not applicable |
| Guarantee Terms | Not applicable |
Baroda Gujarat Gramin Bank Pension Loan Eligibility For Family Pensioners
| Eligibility Terms | Key Characters |
| Employer Kind | Central and State Governments including all Armed Forces |
| Applicant’s Age in Years | Below 76 years of age |
| Account Kind | Pension payment order maintained by Bank |
| Treasury Kind | Not applicable |
| Guarantee Terms | Authorized members of the family under the family pension scheme |
Maximal Eligible Loan Amount and repayments
For Central and State Government Pensioners:
| Age | Max Loan Quantity(18 months Pension or Less) | Tenure 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 Baroda Gujarat Gramin Bank Personal Loan For Pensioners
Baroda Gujarat Gramin Bank Pension Loan’s interest rate is much lower, i.e. 3.40 percent p.a. In their final moments, to fulfill the desires of elderly citizens.
Document Required For Baroda Gujarat Gramin Bank Pension Loan
Identity proof:
- Passport
- Pan Card
- Driving License
- Voter Identity Card
- Aadhaar Card
Address proof:
- Ration Card
- Bank Account Statement
- Passport
- Driving License
- Utility bills
- The property purchase agreement
- Aadhaar Card
Income proof:
- Bank Account Statement
- Salary Slips
Loan Amount On Baroda Gujarat Gramin Bank Personal Loan For Pensioners
Rs 25,000 is the smallest loan number. The actual cost of the mortgage and the length of the loan relies on the retiree’s age and the type of pension he or she earns.
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 Baroda Gujarat Gramin Bank
In branches located, Baroda Gujarat Gramin Banking has 489 subsidiaries and leads the charge in several of the area’s operating prospects. We are well placed to serve all consumer segments. Our considerable experience in North, South, including Central Gujarat including our deep-seated presence, render us the best collaborator for finance and other services provided.
FAQs on Baroda Gujarat Gramin Bank Pension Loan
✅ Can you get a loan on a pension?
The Baroda Gujarat Gramin Bank Pension Loan is accessible for Central and State government pensioners, money pensioners, and family pensioners up to 76 years of age.
✅ How much loan can a pensioner get?
The loan balance for private student loans to retirees varies for different providers of retirement loans. For the amount of Rs 25,000 to Rs 14 lakhs, the Baroda Gujarat Gramin Bank Pension Loan may be used.
✅ What is the pension loan scheme?
The Baroda Gujarat Gramin Bank Pension Loan Scheme protects the funding needs of government pensioners, security pensioners, and family pensioners after they retire.
✅ At what rate of interest you can get Baroda Gujarat Gramin Bank Pension Loan?
Baroda Gujarat Gramin Bank Pension Loan can be purchased at 3.40 percent p.a. Level of interest.
✅ How can you get Baroda Gujarat Gramin Bank Pension Loan?
You can apply online via Dialabank or call at 9878981166.
