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 per cent 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 per cent 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 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 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 per cent.
