Karnataka Vikas Grameena Bank Pension Loan

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      Karnataka Vikas Grameena Bank Pension Loan

      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

      Karnataka Vikas Grameena Bank Pension Loan

      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

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