Baroda Rajasthan Kshetriya Gramin Bank Pension Loan

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Baroda Rajasthan Kshetriya Gramin Bank Pension Loan Features

Pension Loan Interest Rate 11.83% p.a.
Pension Loan Processing Fee 1%
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
Prepayment Charges 3% of the loan amount
Foreclosure Charges 3% of the loan amount

Baroda Rajasthan Kshetriya Gramin Bank Pension Loan Eligibility

The competence of the Baroda Rajasthan Kshetriya Gramin loan from a bank to become one of the ex-staff representatives with a pension declaration has been one of the main objectives. You would have to be a supporter of the government, PSU, or federal government security apparatus. You will also actually earn 60% of the retirement income after charging the bank deposits.

Requirements for Central and State Government Pensioners by Baroda Rajasthan Kshetriya 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 Rajasthan Kshetriya 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 Rajasthan Kshetriya 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 Rajasthan Kshetriya Gramin Bank Personal Loan For Pensioners

Baroda Rajasthan Kshetriya Gramin Bank Pension Loan’s interest rate is much lower, i.e. 3.40 percent p.a. In the final moments, to accommodate the demands of the elderly people.

Document Required For Baroda Rajasthan Kshetriya 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 Rajasthan Kshetriya Gramin Bank Personal Loan For Pensioners

Rs 25,000 is the smallest loan number. The overall amount of depreciation and the duration of both the borrower is based on the people’s retirement age and even the type of retirement he or she collects.

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 Rajasthan Kshetriya Gramin BankBaroda Rajasthan Kshetriya Gramin Bank Pension loan

Now is Baroda Rajasthan Kshetriya Gramin Bank BRKGB customer support Toll-Free amount-Missed Call Account Enquiry Information and BRKGB email address contact information for regional offices. BRKGB customer service toll-free number for more information.

FAQs on Baroda Rajasthan Kshetriya Gramin Bank Pension Loan

✅ Can you get a loan on a pension?

For central government benefit claimants, money benefit claimants, and household benefit claimants up to 76 years and older, the Baroda Rajasthan Kshetriya Gramin Bank Retirement Loan is available.

✅ How much loan can a pensioner get?

For different lenders of retirement loans, the volume of the mortgage for pensioners’ private loans varies. The Baroda Rajasthan Kshetriya Gramin Bank Retirement Loan could be used in a total of Rs 25,000 around Rs 14 lakhs.

✅ What is the pension loan scheme?

The Baroda Rajasthan Kshetriya Gramin Banking Retirement Loan program provides the financing needs for, after retirement, government people on benefits, welfare retirees, and community pensioners.

✅ At what rate of interest you can get Baroda Rajasthan Kshetriya Gramin Bank Pension Loan?

It is good to purchase Baroda Rajasthan Kshetriya Gramin Bank Retirement Loan at 3.40 % basic salary. Interested Level.

✅ How can you get Baroda Rajasthan Kshetriya Gramin Bank Pension Loan?

You can apply online via Dialabank or call at 9878981166

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