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:
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 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%
Table of Contents
- 1 Karnataka Gramin Bank Pension Loan Features
- 2 Karnataka Gramin Bank Pension Loan Eligibility
- 3 Maximum Eligible loan Amount and Repayments
- 4 Interest Rate Personal Loan For Pensioners
- 5 Document Required For Loans For Pensioners
- 6 Loan Amount on Bank Personal Loan For Pensioners
- 7 About Karnataka Gramin Bank
- 8 FAQs
