Vidarbha Konkan Gramin Bank Pension Loan

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Vidarbha Konkan Gramin Bank Pension Loan Features

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

Vidarbha Konkan Gramin Bank Pension Loan Eligibility

To qualify the criteria of eligibility in Vidarbha Konkan Gramin Bank for a pension. You should be linked to one of your ex-staff member who holds an account in pension. You should also be involved in the list of pension account holders in State government, or Central Government. You must be able to save 60% of the pension after paying loan instalment.

Vidarbha Konkan 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

Vidarbha Konkan 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

Vidarbha Konkan 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 Authorised 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

The interest rate in Vidarbha Konkan Gramin Bank Pension loan is 3.40%. The given Vidarbha Konkan Gramin Bank Pension Loan can be used in the following ways:

  • Financial crisis.
  • Medical issue.
  • Personal expenses.
  • Travelling.

You can apply for a loan on Dialabank.

Document Required For Loans For Pensioners 

Identity proof: (Any 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 Vidarbha Konkan 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 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

About Vidarbha Konkan Gramin Bank

Vidarbha Konkan Gramin Bank Pension Loan

 

Vidarbha Konkan Gramin Bank came into existence on 28th February 2013. This bank is situated in Nagpur and is one of the Indian Rural Banks.

FAQs

✅ What is the loan amount that a pensioner can avail?

the minimum loan amount that a pensioner can avail is 25,000.

✅What is the Vidarbha Konkan Gramin Bank Pension Loan scheme?

The Vidarbha Konkan Gramin Bank Pension Loan scheme is for all those retired people who want to complete their dreams in their ending days. This loan is for all the pensioners of defence, central or state government, or for all the family pensioners.

✅From where can we apply for Pension Loan?

You can apply for Vidarbha Konkan Gramin Bank Pension Loan from Dialabank or you can call us at 9878981166.

✅ At what Interest can we get Loan for Pension in Vidarbha Konkan Gramin Bank?

The interest rate provided by the Vidarbha Konkan Gramin Bank for pensioners is 3.40%

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