Standard Chartered Bank Pension Loan

Standard Chartered Bank Pension loan Features

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

Standard Chartered Bank Pension Loan Eligibility

To apply, if necessary, for a pension credit:

  • You would like to learn from one of the players on the present squad who has a retirement schedule.
  • In a PSU, a centralized bank, a state administration, you can maintain a pension account.
  • You must be able to contribute 60 percent of the pension once you have earned the loan payment.

Standard Chartered Bank Pension Loan Eligibility For Central And State Government For Retirees

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

Standard Chartered 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

Standard Chartered 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 for the Standard Chartered Bank Pension loan is the interest rate. In order to improve your financial standing for your serious situation, this personal loan is for personal expenses. On Dialabank, you might file for a debt.

Document Required For Loans For Pensioners 

Identity proof:

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

Address Proof: 

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

Income Proof: 

  • Salary slips
  • Bank Account Statements

Loan Amount on Bank Personal Loan For Pensioners

For each pension category, the basic original loan will be 25,000, but the total amount of the loan may differ by category, as retired pensioners in the state and central government may benefit from up to 14 lakh loans, while family pensioners may benefit from up to 5 lakh loans.

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 Standard Chartered Bank

Standard Chartered Bank Pension Loan

With 100 branches in 43 cities, Standard Chartered Bank is India’s largest foreign bank and we have been operating here since 1858. Corporate & Institutional Banking, Commercial & Private Banking, and Retail Banking are the main client divisions.

FAQs

✅ What is the pensioner-funded benefit amount?

The minimum amount of the loan to be used by a retiree is 25,000 and the amount will vary according to the category in which the person falls.

✅What’s the Standard Chartered Bank Pension mortgage loan?

Loans will be issued to those pensioners who have worked in government departments, security forces or who are spouses of pension recipients through the Standard Chartered Bank Pension bank loan.

✅Where else are we applying to get a pension loan?

You may call for a Standard Chartered Bank Pension Loan from Dialabank or you can dial us at 9878981166.

✅ What advantages will the Bandhan Bank Pension Loan offer us?

At Standard Chartered Bank, the rate of interest offered to individuals on benefits is 3.40%.

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