Indiabulls Pension loan Features
| Indiabulls Pension Loan Interest Rate | 3.40% |
| Indiabulls Pension Loan Processing Fee | 1% |
| Indiabulls Pension Loan Tenure | 36 Months |
| Indiabulls Pension Loan Amount Minimum | 25,000 |
| Indiabulls Pension Loan Amount Max | 14 Lakh |
| Indiabulls Family Pension Loan Amount Minimum | 2.5 Lakh |
| Indiabulls Family Pension Loan Amount Max. | 5 Lakh |
| Indiabulls prepayment | 3% |
| Indiabulls foreclosure | 3% |
Indiabulls Pension Loan Eligibility
To file, where applicable, for a pension loan:
- You would like to hear from one of the current team members who have a retirement plan.
- You can hold a pension account in a PSU, a centralized bank, a state administration.
- After getting the loan payment out, you must be able to save 60 percent of the pension.
Indiabulls 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 |
Indiabulls 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 |
Indiabulls 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 interest rate of the Indiabulls Pension loan is 3.40 percent. This personal loan is for personal expenditures in order to strengthen your financial status for your vital disease. 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
The basic original loan will be 25,000 for each pension category, but the total amount of the loan may tend to vary by category, as retired state and central government pensioners 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 Indiabulls
The Indiabulls process is a multi-group of financial resources with household finance, wealth management, and private wealth value interests. Real Estate, Pharmaceuticals, Lighting, and Infrastructure & Construction Equipment Leasing are also present in the Group. The company has a net worth in excess of 28,580 Cr. (as of March 31, 2019).
FAQs
✅ What is the amount of assistance that a pensioner finances?
The minimum loan amount to be used by a retiree is 25,000 and the amount will differ on which group the person falls under.
✅What’s the mortgage loan at Indiabulls Pension?
Loans will be given via the Indiabulls Pension bank loan to all pensioners who have been active in government offices, security forces, or who are spouses of pension recipients.
✅Where do we look for a loan for retirement?
You may call for Indiabulls Pension Loan from Dialabank or you can dial us at 9878981166.
✅ What benefits will we be provided by the Bandhan Bank Pension Loan?
The interest rate given to pensioners at Indiabulls is 3.40 percent.
