Himachal Pradesh Gramin Bank Pension Loan

⋆ Interest Rate 9.99% ⋆

Check Special Offers During COVID-19

      I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
      Same Day Disbursal
      Doorstep Service
      Unbiased Experts Advice

      Table of Contents

      Himachal Pradesh Gramin Bank Pension Loan

      Himachal Pradesh Gramin Bank Pension Loan Features

      Himachal Pradesh Gramin Bank Pension Loan Interest Rate 9.55%
      Himachal Pradesh Gramin Bank Pension Loan Processing Fee Nil
      Himachal Pradesh Gramin Bank Pension Loan Tenure Up to 5 years
      Himachal Pradesh Gramin Bank Pension Loan Amount Minimum Rs. 25,000
      Himachal Pradesh Gramin Bank Pension Loan Amount Max Rs. 10lakhs
      Himachal Pradesh Gramin Bank Family Pension Loan Amount Minimum Rs. 2.5lakhs
      Himachal Pradesh Gramin Bank Family Pension Loan Amount Max. Rs. 7.5lakhs
      Himachal Pradesh Gramin Bank prepayment 3% of the loan amount
      Himachal Pradesh Gramin Bank foreclosure 3% f the loan amount

      Himachal Pradesh Gramin Bank Pension Loan Eligibility

      In Himachal Pradesh Gramin Bank all type of Pensioners is eligible who have their pension account with any of the bank branches. 

      Himachal Pradesh Gramin Bank Pension Loan Eligibility for Central and State Government Pensioners

      Eligibility Criteria Key Features
      Employer Type Central and State Government
      Applicant’s Age Below 70 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

      Himachal Pradesh Gramin Bank 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

      Himachal Pradesh Gramin Bank 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

      The interest rate on Himachal Pradesh Gramin Bank personal loan for pensioners

      For retirees, the interest rate is slightly lower, TL / DL: BR+2.50 percent overdraft: BR+2.50 percent. There is a fee of 500/- plus GST for documentation.

      Loan Products Parameters Less than 3 years 3 years and above
      Pension loan Demand loan/ Term loan Base Rate + 2.50% = 11.75% Base Rate + 2% + Term Premium = 11.75%
      Overdraft Base Rate + 2.50% = 11.75% Base Rate + 2% + Term Premium = 11.75%

      Document Required For Loans For Pensioners

      Depending on the loan size, tenure, and other factors, various documents are needed. The generic documents required for the loan, however, are:

      • An initial document that demonstrates your PPO commitment. It should be kept until a loan account is liquidated.
      • DPDO pensioners must also have a copy of the letter of authority. The letter is sent by registered post to the DPDO with information on the disbursement of the balance of the loan to the pensioner concerned.
      • An affidavit can be obtained by pensioners claiming that without the bank’s permission, they can not change their current disbursing branch or bank.
        Type of Assurance.
      • In addition, demand loans, term loans, and overdraft pension loans include the following papers.
      • Evidence of identification: each of these will serve as evidence: an Aadhar card, Pan Card, Voter Identity Card, Driving License.
      • Address Verification: Ration Card, Bank Account Statement, Driving License, Utility Bills, Aadhar Card, all of which will serve as proof of address.
      • Income Proof: both your credit card statements and salary slips, both of which are important for the approval of the loan.

      Loan Amount On Himachal Pradesh Gramin Bank Personal Loan For Pensioners

      For Central and State Government Pensioners:

      Punjab National Bank Pension 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 Defense Pensioners:

      Punjab National Bank Pension For Defence Pensioners
      Age Minimum Loan Amount Maximum Loan Amount Additional Ceiling Amount Loan Tenure
      Up to 56 Years 25000 14 Lakh 36 Months Pension 84
      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 Family Pensioners (including Defense Pensioners) :

      Punjab National Bank Pension 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 Himachal Pradesh Gramin

      Himachal Pradesh Gramin Bank Pension Loan

      The amalgamation of two RRBs, viz., came into being with the Himachal Pradesh Gramin Bank, funded by Punjab National Bank. Himachal Gramin Bank, Mandi (sponsored by the Punjab National Bank) and Parvatiya Gramin Bank, Chamba (sponsored by the Indian State Bank) vide Government of India Notification dated 15 February 2013 with its head office at Mandi pursuant to Section 21 of the RRBs Act, 1976.

      FAQs On Himachal Pradesh Gramin Bank Pension Loan

      ✅Without an assurance or security, will you get a pension loan?

      At Himachal Pradesh Gramin, 9 preferred government employees with a net sum equal to or greater than the loan amount are expected to guarantee the guarantee of a spouse or family member or against earning children or third party guarantee.

      ✅What is the Himachal Pradesh Gramin Bank Pension Loan repayment operation?

      A limit of 60 EMIs is set for repayment of the loan at Himachal Pradesh Gramin. If the pensioner’s age is over 75 years, the EMIs are set at 24. Repayment amounts should be set in such a way that the structured limit of 50 percent of the monthly net pension should not be surpassed.

      ✅ How do you get a pension loan from the Himachal Pradesh Gramin Bank?

      You can apply online via Dialabank or call at 9878981166

      Dena Bank Pension Loan Deutsche Bank Personal Loan Customer Care
      Dhanlaxmi Bank Personal Loan Customer Care DHFL Personal Loan Customer Care
      ESAF Small Finance Bank Pension Loan Fullerton India Pension loan
      Fincare Small Finance Pension Loan Fullerton Bank Personal Loan Customer Care