Fincare Small Finance Pension Loan

Fincare Small Finance Pension loan Features

Fincare Small Finance Pension Loan Interest Rate 3.40%
Fincare Small Finance Pension Loan Processing Fee 1%
Fincare Small Finance Pension Loan Tenure 36 Months
Fincare Small Finance Pension Loan Amount Minimum 25,000
Fincare Small Finance Pension Loan Amount Max 14 Lakh
Fincare Small Finance Family Pension Loan Amount Minimum 2.5 Lakh
Fincare Small Finance Family Pension Loan Amount Max. 5 Lakh
Fincare Small Finance prepayment 3%
Fincare Small Finance foreclosure 3%

Fincare Small Finance Pension Loan Eligibility

To apply for a pension loan, if applicable:

  • You would like to learn about one of the players in the current team who has a retirement schedule.
  • In a PSU, a centralized bank, a state administration, you can hold a pension account.
  • You must be able to invest 60 percent of the pension once you have earned the loan payment.

Fincare Small Finance Pension Loan Eligibility For Central And State Government For Retirees

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

Fincare 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

Fincare 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 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

The Fincare Small Finance Pension loan interest rate is 3.40 percent. In order to improve your financial standing for your serious condition, 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 would be 25,000, but the total amount of the loan will differ by category, as pensioners in the retired state and central government may benefit from up to 14 lakh loans, while family pensioners may benefit from up to 5 lakh loans.

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 Fincare Small Finance

Fincare Small Finance Pension Loan

According to the regulations made in the 2014-2015 Union Budget, Fincare Small Finance Bank was set up as a small finance bank. In accordance with the functioning of a Small Finance Bank, Fincare Small Finance Bank is governed under the Banking Regulations Act of 1949 by the Reserve Bank of India. The Bank was set up to meet the needs of the unbanked and untouched population of the commercial banking sector.

FAQs

✅ What is the amount of compensation that is funded by a pensioner?

The minimum amount of loan to be used by a retiree is 25,000 and the amount will vary by which category the person falls under.

✅What is the Fincare Small Finance Pension mortgage loan?

Loans will be issued to all pensioners who have been employed in government departments, security forces, or who are spouses of pension recipients through the Fincare Small Finance Pension bank loan.

✅Where are we looking for a retirement loan?

You may call for a Fincare Small Finance Pension Loan from Dialabank or you can dial us at 9878981166.

✅ What benefits will the Bandhan Bank Pension Loan provide us with?

The interest rate offered at Fincare Small Finance to pensioners is 3.40 percent.

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