CSB Bank Limited Pension Loan

⋆ Interest Rate 9.99% ⋆

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        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 per cent.

        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 per cent.

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