Karnataka Gramin Bank Pension Loan

Karnataka Gramin Bank Pension Loan Features

Karnataka Gramin Bank Pension Loan Interest Rate	3.40%
Karnataka Gramin Bank Pension Loan Processing Fee	1%
Karnataka Gramin Bank Pension Loan Tenure	36 Months
Pension Loan Amount Minimum	25,000
Pension Loan Amount Max	14 Lakh
Family Pension Loan Amount Minimum	2.5 Lakh
Family Pension Loan Amount Max.	5 Lakh
Karnataka Gramin Bank prepayment	3%
Karnataka Gramin Bank foreclosure	3%

Karnataka Gramin Bank Pension Loan Eligibility

To qualify the pension loan eligibility criteria following are required:

• After paying bank instalment you should be capable to save 60% off your pension.
• You should have a pension account in State Government, Central Government, PSU.
• Your ex-staff member should hold an account of pension.

Karnataka 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 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

Karnataka 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

Karnataka 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	Authorised 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 in Karnataka Gramin Bank Pension loan is 3.40%. This is your Personal Loan it can be used in your way and by your choice. Some of the ways are

• Medical.
• Financial.
• Personal purposes.
• Travelling purposes.

You can apply for a loan on Dialabank.

Document Required For Loans For Pensioners 

Identity proof: (Any of the below-given documents would work)

• Aadhar Card
• Pan Card
• Passport
• Voter Identity Card 

Address Proof: (Any of the below-given documents would work)

• Ration Card
• Passport
• Utility Bills
• Aadhar Card
• Property Purchased documents 

Income Proof: All the above documents are required for getting a loan.

• Salary slips
• Bank Account Statements

Loan Amount on Bank Personal Loan For Pensioners

The minimum loan amount which will be provided by Karnataka Gramin Bank to the pensioners is 25,000. The maximum amount will be 14 Lakhs for state and central government pensioners and for Defence pensioners, 5 Lakhs to Family Pensioners. The loan tenure will vary accordingly. For more information please refer the below-given table:

About Karnataka Gramin Bank

 

It is an Indian regional rural bank and is sponsored by Kanara Bank. It provides retail banking services to rural areas. It has 633 branches in the area of Karnataka.

FAQs

✅ What is the loan amount that a pensioner can avail?

The minimum loan amount is 25,000 and the maximum amount will vary according to the categories.

✅What is the Karnataka Gramin Bank Pension Loan scheme?

The Karnataka Gramin Bank Pension Loan scheme will be providing loan to all those retired people who were involved in Government jobs, defence services or are the spouse of those who is receiving pensions.

✅From where can we apply for Pension Loan?

You can apply for Karnataka Gramin Bank Pension Loan from Dialabank or you can call us at 9878981166.

✅ At what Interest can we get Loan for Pension in Karnataka Gramin Bank?

The interest rate provided by the Karnataka Gramin Bank for pensioners is 3.40%