Utkarsh Small Finance Pension loan

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 percent 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 micro finance unlisted share - utkarsh small finance bank share  price

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 honored 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.

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