Capital Small Finance Pension Loan

Capital Small Finance Pension Loan Features

Capital Small Finance Pension Loan Interest Rate 9.75% p.a.
Capital Small Finance Pension Loan Processing Fee 1% of the loan amount
Capital Small Finance 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
Capital Small Finance Prepayment Charges 3% of the loan amount
Capital Small Finance Foreclosure Charges 3% of the loan amount

Capital Small Finance Pension Loan Eligibility

The Capital Small Finance loan eligibility criteria clearly ask the pensioner to draw their monthly pension from the bank branches and save up to 60% of the amount after paying the loan installments. 

Capital Small Finance 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

Capital Small Finance 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

Capital Small Finance 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 (18 months Pension or Less) Repayment 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 Capital Small Finance Personal Loan For Pensioners

The interest charge for Capital Small Finance Bank Pension Loan is 9.75%. 

Document Required For Capital Small Finance Bank Pension Loan

Identity proof: Any of the following–

  • Passport
  • Voter Identity Card
  • Pan Card
  • Driving License
  • Aadhaar Card

Address proof: Any of the following–

  • 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 Capital Small Finance Personal Loan For Pensioners

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 Capital Small FinanceCapital Small Finance Bank Pension Loan

Capital Small Finance was the 1st Small Finance Bank established in 2016, in India. 

FAQs on Capital Small Finance Pension Loan

✅ What is the pension loan scheme?

The Capital Small Finance Pension Loan plan covers the funding needs of Govt, Defense, and family pensioners after their departure.

✅ Can you get a loan on a pension?

The Capital Small Finance Pension Loan is possible for the Central and State Govt pensioners, Defense pensioners, and family grantees up to 78 years of age.

✅ How can you get Saurashtra Gramin Bank Pension Loan?

You can connect online via Dialabank or call at 9878981166.

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