Indiabulls Pension loan

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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

Indiabulls Pension Loan

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.

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