Jammu And Kashmir Grameen Bank Pension Loan

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Jammu And Kashmir Grameen Bank Pension Loan Features

Jammu And Kashmir Grameen Bank Pension Loan Interest Rate 3.4% p.a.
Jammu And Kashmir Grameen Bank Pension Loan Processing Fee 1%
Jammu And Kashmir Grameen Bank Pension Loan Tenure 36 months
Jammu And Kashmir Grameen Bank Pension Loan Amount Minimum 25,000
Jammu And Kashmir Grameen Bank Pension Loan Amount Max 14 Lakh
Jammu And Kashmir Grameen Bank Family Pension Loan Amount Minimum 2.5 Lakh
Jammu And Kashmir Grameen Bank Family Pension Loan Amount Max. 5 Lakh
Jammu And Kashmir Grameen Bank Prepayment Charges 3% of the loan amount
Jammu And Kashmir Grameen Bank Foreclosure Charges 3% of the loan amount

Jammu And Kashmir Grameen Bank Pension Loan Eligibility

The qualification of the Jammu And Kashmir Grameen Bank loan to be amongst the ex-staff representatives with a pension report has been one of the primary requirements. You would have to be a client of the government, PSU, or central state government. You will also actually earn 60% of the retirement income after making the bank fees.

Requirements for Central and State Government Pensioners by Jammu And Kashmir Grameen Bank Pension Loan

Eligibility  Attributes
Employer Kind Central and State Government
Applicant’s (Age) Beneath 76 years of age
Account Type Order of pension payments enforced by the Bank
Treasury Terms Written approval from the treasurer not to consider any demands for a pension transfer
Guarantee Conditions By the spouse (eligible for a relationship pension) or any other third relation

Jammu And Kashmir Grameen Bank Pension Loan Eligibility For Defence Pensioners

Eligibility Conditions Key Terms
Employer (Type) Armed Forces, Paramilitary Forces, Coast Guards, Rashtriya Rifles, Assam Rifles
Applicant’s (Age) Down 76 years of age
Account Type Pension payment order was given by Bank
Treasury Terms Not applicable
Guarantee Terms Not applicable

Jammu And Kashmir Grameen Bank Pension Loan Eligibility For Family Pensioners

Eligibility Terms Key Characters
Employer Kind Central and State Governments including all Armed Forces
Applicant’s Age in Years Below 76 years of age
Account Kind Pension payment order maintained by Bank
Treasury Kind Not applicable
Guarantee Terms Authorized members of the family under the family pension scheme

Maximal Eligible Loan Amount and repayments

For Central and State Government Pensioners:

Age Max Loan Quantity(18 months Pension or Less) Tenure 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

Interest Rate On Jammu And Kashmir Grameen Bank Personal Loan For Pensioners

The inflation rate of the Jammu and Kashmir Grameen Bank Pension Debt is far smaller, i.e. 3.40% p.a. In the dying years, to fulfill the needs of the older retirees.

Document Required For Jammu And Kashmir Grameen Bank Pension Loan

Identity proof:

  • Passport
  • Pan Card
  • Driving License
  • Voter Identity Card
  • Aadhaar Card

Address proof: 

  • Ration Card
  • Bank Account Statement
  • Passport
  • Driving License
  • Utility bills
  • The property purchase agreement
  • Aadhaar Card

Income proof: 

  • Bank Account Statement
  • Salary Slips

Loan Amount On Jammu And Kashmir Grameen Bank Personal Loan For Pensioners

The loan amount of Rs 25,000 is the lowest. The actual loan amount and the period of the debt depending on the people’s retirement age or the type of retirement he or she earns.

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 Jammu And Kashmir Grameen Bank

Jammu and Kashmir Grameen Bank Pension Loan

J&K Grameen Bank provides loans, deposits, Rupay Debit and Rupay Kissan Cards, Saving Accounts, Current Accounts, and other products and services. To make financial deals simple and convenient, we provide other services.

FAQs on Jammu And Kashmir Grameen Bank Pension Loan

✅ Can you get a loan on a pension?

The Jammu And Kashmir Grameen Bank Pension Loan is accessible for Central and State government pensioners, money pensioners, and family pensioners up to 76 years of age.

✅ How much loan can a pensioner get?

The loan balance for private student loans to workers varies for both the various companies of retirement loans. The Jammu And Kashmir Grameen Bank Retirement Loan could be used for a sum of Rs 25,000 towards Rs 14 lakhs.

✅ What is the pension loan scheme?

The Jammu And Kashmir Grameen Bank Pension Loan Scheme protects the funding needs of government pensioners, security pensioners, and family pensioners after they retire.

✅ At what rate of interest you can get Jammu And Kashmir Grameen Bank Pension Loan?

Jammu And Kashmir Grameen Bank Pension Loan can be purchased at 3.40 percent p.a. Level of interest.

✅ How can you get Jammu And Kashmir Grameen Bank Pension Loan?

You can apply online via Dialabank or call at 9878981166

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