Karnataka Vikas Grameena Bank Pension Loan Features
| KVG Bank Pension Loan Interest Rate | 3.40% |
| KVG Bank Pension Loan Processing Fee | 1% |
| KVG Bank Pension Loan Tenure | 36 months |
| KVG Bank Pension Loan Amount Minimum | Rs. 25000 |
| KVG Bank Pension Loan Amount Max | 14 lacs |
| KVG Bank Family Pension Loan Amount Minimum | 2.5 lacs |
| KVG Bank Family Pension Loan Amount Max. | 5 lacs |
| KVG Bank prepayment | 3% |
| KVG Bank foreclosure | 3% |
Karnataka Vikas Grameena Bank Pension Loan Eligibility
For the Karnataka Vikas Grameena Bank to be eligible for an advance, one of the prerequisites is that one of all previous representatives of the company incorporates a rental explanation. It would be less demanding on the off chance that you were the recipient of the government, PSU or central government at the same time. You’ll be able to take domestic 60% of the month to month lease together after you pay the bank expense.
Karnataka Vikas Grameena 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 Vikas Grameena 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 Vikas Grameena 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 | 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 (18 months Pension or Less) | Repayment 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 Karnataka Vikas Grameena Bank Personal Loan For Pensioners
The credit costs for the Karnataka Vikas Grameena pension Credit are, for instance, 3.40% lower than the end of the terms of the previous retirees on their end days.
Document Required For Karnataka Vikas Grameena Bank Pension Loan
Income proof:- Bank Account Statement and PaySlips
Identity proof:- Passport, Voter ID card, Pan Card, Driving License, Aadhaar Card. (you can present any of these)
Address proof: Ration Card, Bank Account Statement, Passport, Driving License, Light bills, Property purchase contract, Aadhaar Card. (you can present any of these)
Loan Amount On Karnataka Vikas Grameena Bank Personal Loan For Pensioners
The least advance sum is Rs. 25000 the highest sum of the credit is 14 lacs, so, the sum of the credit depends on the life of the retired person and thus the annuity he/she decides.
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 Vikas Grameena Bank
The Karnataka Vikas Grameena Bank (KVGB), is an Indian Regional Rural Bank, sponsored by Canara Bank. The bank grants retail banking services to rural users and has 633 branches in cities of Karnataka, around Dharwad.
FAQs on Karnataka Vikas Grameena Bank Pension Loan
✅ Can you get a loan on a pension?
Karnataka Vikas Grameena Bank benefits credit is simple for the recipients of Central and State Governments. Assurance of retired people and families of retired people above 76 years of age.
✅ How much loan can a pensioner get?
The sum of individual credit loans for recipients interchanges for a few development advantage suppliers. Karnataka Vikas Grameena Bank annuity advances can advantage from Rs 14 lacs to Rs 25,000.
✅ What is the pension loan scheme?
Karnataka Vikas Grameena Bank pension loan Conspire consolidates the money related needs of government, resistance and family benefits after retirement.
✅ How can you get Karnataka Vikas Grameena Bank Pension Loan?
You can apply online on Dialabank, or you can ask your queries at 9878981166
