Sundaram Finance Pension Loan

⋆ Interest Rate 9.99% ⋆

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      Table of Contents

      Sundaram Finance Pension Loan

      Sundaram Finance Pension Loan Features

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

      Sundaram Finance Pension Loan Eligibility

      To account for a pension loan, if possible:

      • You would like to hear from one of the former team members who have a pension plan.
      • You may keep a pension account in a PSU, a centralized bank, a state administration.
      • After paying the loan payment, you must be able to save 60 percent of the pension.

      Sundaram Finance 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

      Sundaram Finance 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

      Sundaram Finance 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 of the Sundaram Finance Pension loan. This personal loan is for personal costs in order to strengthen your financial status for your serious illness. 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

      The basic original loan will be 25,000 for each pension category, but the total amount of the loan will tend to vary by category, including retired state and central government pensioners, and security pensioners may benefit from up to 14 lakh loans, while family pensioners may benefit from up to 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 Sundaram Finance

      Sundaram Finance Pension Loan

      Sundaram Finance Limited is active in activities related to finance and insurance. Parts of the Business include Asset Financing, Insurance, and Other Activities. The Company offers to fund for the procurement of commercial vehicles, trucks, multi-utility vehicles, construction machinery, tractors, and finance for working capital. The firm is active in the sale of a number of financial items, including mutual funds, deposits, and insurance.

      FAQs

      ✅ What is the sum of credit that a pensioner is funded by?

      The minimum amount of the loan that a pensioner will use is 25,000 and the amount will depend on which group the person falls into.

      ✅What’s a mortgage loan from Sundaram Finance Pension?

      Loans will be given by the Sundaram Finance Pension bank loan to all pensioners who have been active in government roles, security services, or who are spouses of pension beneficiaries.

      ✅Where are we searching for a loan for a retirement?

      You may direct for Sundaram Finance Pension Loan from Dialabank or you can dial us at 9878981166.

      ✅ What benefits will we get from the Bandhan Bank Pension Loan?

      The interest rate given to pensioners by Sundaram Finance is 3.40 percent.

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