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 per cent. 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
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.
Table of Contents
- 1 Fincare Small Finance Pension loan Features
- 2 Fincare Small Finance Pension Loan Eligibility
- 3 Fincare Small Finance Pension Loan Eligibility For Central And State Government For Retirees
- 4 Maximum Eligible loan Amount and Repayments
- 5 Interest Rate Personal Loan For Pensioners
- 6 Document Required For Loans For Pensioners
- 7 Loan Amount on Bank Personal Loan For Pensioners
- 8 About Fincare Small Finance
- 9 FAQs
