Karnataka Vikas Grameena Bank Pension Loan

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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 loan 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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