Baroda UP Bank Pension Loan Features
| Baroda UP Bank Pension Loan Interest Rate | 3.40% |
| Baroda UP Bank Pension Loan Processing Fee | 1% |
| Baroda UP Bank Pension Loan Tenure | 36 Months |
| Baroda UP Bank Pension Loan Amount Minimum | 25,000 |
| Baroda UP Bank Pension Loan Amount Max | 14 Lakh |
| Baroda UP Bank Family Pension Loan Amount Minimum | 2.5 Lakh |
| Baroda UP Bank Family Pension Loan Amount Max. | 5 Lakh |
| Baroda UP Bank prepayment | 3% |
| Baroda UP Bank foreclosure | 3% |
Baroda UP Bank Pension Loan Eligibility
In possible to qualify for the pension loan:
- You want to know from one of the retired members of staff who does have a pension plan.
- In the PSU, centralized bank, state administration, you can hold a pension account.
- You must’ve been able and save 60% of the pension after servicing the loan installment.
Baroda UP 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 |
Baroda UP 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 |
Baroda UP 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
3.40 % is the Baroda UP Bank Pension loan rate of interest. To improve your financial standing for your serious illness, this personal loan is for personal expenses. On Dialabank, you might file for a debt.
Document Required For Loans For Pensioners
Identity proof:
- Aadhar Card
- Voter Identity Card
- Passport
- Pan Card
Address Proof:
- Ration Card
- Property Purchased documents
- Passport
- Aadhar Card
- Utility Bills
Income Proof:
- Salary slips
- Bank Account Statements
Loan Amount on Bank Personal Loan For Pensioners
For each pension category, the basic original loan will be 25,000, but the total loan amount will tend to differ by category, including such state and central government retirees, and security pensioners can reap the benefits of up to 14 lakh loans, while family pensioners can reap the benefits of up to 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 Baroda UP Bank
The RRBs were formed under the 1976 RRB Act [23(1)] in India. 19 RRBs were funded by the Bank of Baroda in the country, of which 7 RRBs were in eastern Uttar Pradesh. There have been numerous changes in the banking industry during the period from 1976 to 2006, and RRBs are no exception.
FAQs
✅ What is the amount of credit that will support a pensioner?
The minimum loan amount that a pensioner may use is 25,000 and the amount will depend on which category the person falls.
✅What’s the Baroda UP Bank Pension mortgage loan?
The Baroda UP Bank Pension bank loan will provide loans to all pensioners who have been involved in government positions, defense services, or who are pension beneficiary spouses.
✅Where are we looking for a pension loan?
You may direct for Baroda UP Bank Pension Loan from Dialabank or you can dial us at 9878981166.
✅ What benefit can we get from the Pension Loan from Bandhan Bank?
The interest rate offered by Baroda UP Bank to pensioners is 3.40 percent.
