Uttarakhand Gramin Bank Pension Loan

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Uttarakhand Gramin Bank Pension Loan Features

UGB Pension Loan Interest Rate 3.40%
UGB Pension Loan Processing Fee 1% of the loan amount
UGB Pension Loan Tenure 36 months
UGB Pension Loan Amount Minimum 25,000
UGB Pension Loan Amount Max 14 Lakh
UGB Family Pension Loan Amount Minimum 2.5 Lakh
UGB Family Pension Loan Amount Max. 5 Lakh
UGB prepayment 3% of the loan amount
UGB foreclosure 3% of the loan amount

Uttarakhand Gramin Bank Pension Loan Eligibility

The basic requirement to be eligible for a pension loan is that he should be a beneficiary of state, PSU, or central governments. The borrower must draw his person from an account in any of the branches of Uttarakhand Gramin Bank. 

Uttarakhand Gramin Bank 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

Uttarakhand Gramin 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

Uttarakhand Gramin 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 (18 months Pension or Less) Repayment Period Age at the time of full Repayment
Below 72 years ₹ 14.00 Lakh 60 months Up to 77 years
72 – 74 years ₹ 12.00 Lakh 48 months Up to 78 years
74 – 76 years ₹ 7.50 Lakh 24 months Up to 78 years

For Defense Pensioners:

Age Max Loan Amount (18 months Pension or Less) Repayment Period Age at the time of full Repayment
Below 56 years ₹ 14.00 Lakh 84 months Up to 63 years
56 – 72 years ₹ 14.00 Lakh 60 months Up to 77 years
72 – 74 years ₹ 12.00 Lakh 48 months Up to 78 years
74 – 76 years ₹ 7.50 Lakh 24 months Up to 78 years

For Family Pensioners (including Defense Pensioners):

Age Max Loan Amount (18 months Pension or Less) Repayment Period Age at the time of full Repayment
Below 72 years ₹ 5.00 Lakh 60 months Up to 77 years
72 – 74 years ₹ 4.50 Lakh 48 months Up to 78 years
74 – 76 years ₹ 2.50 Lakh 24 months Up to 78 years

Interest Rate On Uttarakhand Gramin Bank Personal Loan For Pensioners

Uttarakhand Gramin Bank provides an attractively low rate of interest of 3.4% to help the pensioners live a comfortable retirement. 

Document Required For Uttarakhand Gramin Bank Pension Loan

Identity proof: (Any one of the below-given documents would work)

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

Address Proof: (Any of the below-given documents would work)

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

Income Proof: All the above documents are required for getting a loan.

  • Salary slips
  • Bank Account Statements

Loan Amount on Bank Personal Loan For Pensioners

The minimum loan amount which will be provided by Uttarakhand Gramin Bank to the pensioners is 25,000. The maximum amount will be 14 Lakhs for state and central government pensioners and for Defence pensioners, 5 Lakhs to Family Pensioners. The loan tenure will vary accordingly. For more information please refer to the below-given table:

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

AboutUttarakhand Gramin Bank Pension Loan Uttarakhand Gramin Bank

Uttarakhand Gramin Bank is a regional rural bank of India. It is sponsored by the State Bank Of India in 1976. It has its headquarters in Dehradun. It is partially owned by the Government of India (50%), the Government of Uttarakhand (15%), State Bank of India (35%). 

FAQs on Uttarakhand Gramin Bank Pension Loan

How to contact DialaBank for more information on the pension loans?

You can call on 9878981166 or can visit dialabank to get all the necessary details right away.
 

✅ What is the pension loan scheme?

The Uttarakhand Gramin Bank Pension Loan scheme covers the funding needs of Govt, Defense, and family pensioners after their retirement.

✅ At what Interest can we get a Loan for Pension in Uttarakhand Gramin Bank?

The interest rate provided by the Uttarakhand Gramin Bank for pensioners is 3.40%. 

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