Utkarsh Small Finance Pension loan Features
| Utkarsh Small Finance Pension Loan Interest Rate | 3.40% |
| Utkarsh Small Finance Pension Loan Processing Fee | 1% |
| Utkarsh Small Finance Pension Loan Tenure | 36 Months |
| Utkarsh Small Finance Pension Loan Amount Minimum | 25,000 |
| Utkarsh Small Finance Pension Loan Amount Max | 14 Lakh |
| Utkarsh Small Finance Family Pension Loan Amount Minimum | 2.5 Lakh |
| Utkarsh Small Finance Family Pension Loan Amount Max. | 5 Lakh |
| Utkarsh Small Finance prepayment | 3% |
| Utkarsh Small Finance foreclosure | 3% |
Utkarsh Small Finance Pension Loan Eligibility
To apply, where applicable, for a pension loan:
- You would like to hear about one of the current team’s players who has a retirement plan.
- You may keep a pension account in a PSU, a centralized bank, a state administration.
- After you have received the loan payment, you must be able to contribute 60 percent of the pension.
Utkarsh Small Finance 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 |
Utkarsh Small 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 |
Utkarsh Small 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 for the Utkarsh Small Finance Pension loan. This personal loan is for personal costs in order to strengthen your financial status for your serious condition. 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 would vary by category, as retired state and central government pensioners can 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 Utkarsh Small Finance
Utkarsh is India’s third-largest small financial institution and is a fast-growing company. We at Utkarsh believe in building an organizational framework that is people-oriented, reliable, scalable, and sustainable. The core values which are embedded in our organization’s DNA are a method, culture, and development. We have a vibrant work culture because we are a people-oriented company. Utkarsh has been honoured for its excellence in different fields of the micro-finance industry on different platforms.
FAQs
✅ What is the quantity of pensioner-funded compensation?
The minimum loan sum to be used by a retiree is 25,000 and the amount may vary by the category in which the individual falls.
✅What is the mortgage loan from the Utkarsh Small Finance Pension?
Loans will be given through the Utkarsh Small Finance Pension bank loan to all pensioners who have been serving in government agencies, security forces, or who are spouses of pension recipients.
✅Where else are we applying for a loan for a pension?
You may call for a Utkarsh Small Finance Pension Loan from Dialabank or you can dial us at 9878981166.
✅ What benefits would be given to us by the Bandhan Bank Pension Loan?
The rate of interest provided to people on benefits at Utkarsh Small Finance is 3.40 percent.
