Central Bank Of India Pension Loan

Central Bank Of India Pension Loan Features

Central Bank Of India Bank Pension Loan Eligibility

Central Bank Of India grants pension loans to a set of pensioners who can be eligible through different modes. 

• The borrower must be an employee of government institutions, railways, central and state governments, hospitals, schools, municipal bodies, hospitals, etc. and should have completed 1 year of service.

Or

• Pensioner should be a permanent employee of a Multinational/Indian company and should have completed at least 3 years of service.
• Pensioners/family pensioners who are drawing pension through Central Bank of India branches including Ex-staff of Central Bank of India can avail of this loan. 
• The Pensioners who are getting their pension disbursed through Treasury/DPDO (Defence Pension
  Disbursing Office) directly to the credit of their savings accounts with Central Bank of India branches are also eligible.

Central Bank Of India Bank Pension Loan Eligibility for Central and State Government Pensioners

Central Bank Of India Bank Pension Loan Eligibility For Defence Pensioners

Central Bank Of India Bank Pension Loan Eligibility For Family Pensioners

Maximum Eligible Pension Loan Amount and repayments

For Central and State Government Pensioners:

For Defense Pensioners:

For Family Pensioners (including Defense Pensioners) :

Interest Rate On Central Bank Of India Personal Loan For Pensioners

Central Bank Of India Pension Loan has an interest rate of 3.4% MICR, while the present rate of interest ranges from 10.7% – 11.4%.

Document Required For Central Bank Of India Pension Loan

Central Bank Of India Pension Loan scheme may require different documents with a change in the loan amount, tenure or other special circumstances. However, the generic documents to be submitted are as follows:

• Identity proof: Passport, PAN Card, Voter ID Card, Driving License, Aadhaar
• Address proof: Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
• Income proof: Bank Account Statement for the last 3 months, Salary Slips.

Loan Amount On Central Bank Of India Personal Loan For Pensioners

About Central Bank Of India

This is a government-owned bank and one of the oldest and known banks in India. It is based in Mumbai, Maharashtra – the finance city of India. Central Bank of Inia has its founders –  Sorabji Pochkhanawala, Pherozeshah Mehta. 

FAQs on Central Bank Of India Pension Loan

✅ How to contact Dialabank for more information on pension loans?

You can call on 9878981166 or can visit Dialabank to get all the necessary details right away.

✅ Can you get a loan on a pension?

The Central Bank Of India pension loan is available for the Central and State Govt pensioners, Defense pensioners, and family pensioners up to 78 years of age.

✅ How much loan can a pensioner get?

The limit of pension loans granted can vary depending on age and other factors. The average is Rs.25,000 to 14 lakhs. 

✅ Is security compulsory for the Central Bank Of India Pension Loan?

Central Bank of India provides an unsecured pension loan for central and state government and defence pensioners. Hence, at Central Bank, you can obtain loans without having to give security.