Nagaland Rural Bank Pension Loan

Nagaland Rural Bank Pension Loan Features

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

Nagaland Rural Bank Pension Loan Eligibility

For qualifying for a pension loan:

  • You should hear about one of the former members of staff who has a pension plan.
  • You can keep a pension account in the PSU, Central Government, State Government.
  • After paying the loan installment, you must be able to save 60 percent of the pension.

Nagaland Rural 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

Nagaland Rural 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

Nagaland Rural 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 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

3.40 percent is the interest rate on the Nagaland Rural Bank Pension loan. This personal loan is for your personal expenses, to reinforce your financial status for your medical emergency. You could register for a debt on Dialabank.

Document Required For Loans For Pensioners 

Identity proof:

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

Address Proof: 

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

Income Proof: 

  • Salary slips
  • Bank Account Statements

Loan Amount on Bank Personal Loan For Pensioners

The minimum loan amount will be 25,000 for every pension category, but the maximum loan amount will continue to vary according to the category, such as state and central government pensioners and protection pensioners can take advantage of up to a maximum of 14 lakh loans, and family pensioners can take advantage of up to a maximum of 5 lakh.

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 Nagaland Rural Bank

Nagaland Rural Bank Pension Loan

Nagaland Rural trust was founded under the Regional Rural Banks Act on 30 March 1983, with its corporate headquarters in Kohima in 1976. It is funded by India’s State Bank. In the ratio of 50: 35: 15 shares respectively, Nagaland Rural Bank is owned by the government of India, the State Bank of India & the Government of Nagaland.

FAQs

✅ What is the amount of credit a pensioner will take advantage of?

The minimum loan sum that can be used by a pensioner is 25,000 and the remainder would depend on which category that individual will fall.

✅What is the scheme for the Bandhan Bank Pension Loan?

The Nagaland Rural Bank Pension Loan Scheme will offer loans to all retired individuals who have been active in government jobs, defense services, or who are spouses of pension recipients.

✅Where do we seek a pension loan from?

You may connect for Nagaland Rural Bank Pension Loan from Dialabank or you can dial us at 9878981166.

✅ What interest can we get from the Bandhan Bank Pension Loan?

The interest rate for pensioners given by the Nagaland Rural Bank is 3.40 percent.

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