CSB Bank Limited Pension Loan

CSB Bank Limited Pension Loan Features

CSB Bank Limited Interest Rate 3.40%
CSB Bank Limited Processing Fee 1% of the loan amount
CSB Bank Limited Tenure 36 months
CSB Bank Limited Amount Minimum 25,000
CSB Bank Limited Amount Max 14 Lakh
CSB Bank Limited Amount Minimum 2.5 Lakh
CSB Bank Limited Amount Max. 5 Lakh
CSB Bank Limited prepayment 3% of the loan amount
CSB Bank Limited foreclosure 3% of the loan amount

CSB Bank Limited Pension Loan Eligibility

In order to qualify for a pension loan, the fundamental prerequisite is that it should be the beneficiary of a state, PSU, or central government. In any of the branches of CSB Bank Limited, the borrower must remove the individual from the account.

CSB Bank Limited 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

CSB Bank Limited 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

CSB Bank Limited 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 CSB Bank Limited Personal Loan For Pensioners

In order to help pensioners enjoy a secure retirement, CSB Bank Limited offers an attractively low-interest rate of 3.4 percent.

Document Required For CSB Bank Limited Pension Loan

Identity proof: (Any one of the below-given documents would work)

  • Aadhar Card
  • Pan Card
  • Passport
  • Voter Identity Card 

Address Proof: (Any of the below-given documents would work)

  • Ration Card
  • Passport
  • Utility Bills
  • Aadhar Card
  • Property Purchased documents 

Income Proof: All the above documents are required for getting a loan.

  • Salary slips
  • Bank Account Statements

Loan Amount on Bank Personal Loan For Pensioners

The minimum loan amount that will be given to pensioners by CSB Bank Limited is 25,000. The total number will be 14 Lakhs for State and federal govt pensioners and 5 Lakhs for Defence retirees for family people on benefits. The loan tenure will vary accordingly. For further details, please review the table below:

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 CSB Bank Limited

CSB Bank Limited Pension Loan

CSB Bank Limited is an Indian Regional Rural Bank. In 1976, it was funded by the State Bank of India. It has its main office in Dehradun. It is partially owned by the Government of India (50%), the Government of Uttarakhand (15%), State Bank of India (35%). 

FAQs on CSB Bank Limited Pension Loan

✅How can I approach DialaBank to find out more about pension loans?

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

✅ What’s the scheme for pension loans?

After their retirement, the CSB Bank Limited Pension Loan scheme meets the financing needs of government, security, and family pensioners.

✅ What interest should we take on a pension loan from CSB Bank Limited?

The interest rate for pensioners given by CSB Bank Limited is 3.40 percent.

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