Yes Bank Pension Loan

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Yes Bank Pension Loan Features

Yes Bank Pension Loan Interest Rate 3.40%
Yes Bank Pension Loan Processing Fee 1%
Yes Bank Pension Loan Tenure 36 months
Yes Bank Pension Loan Amount Minimum Rs. 25000
Yes Bank Pension Loan Amount Max 14 lacs
Yes Bank Family Pension Loan Amount Minimum 2.5 lacs
Yes Bank Family Pension Loan Amount Max. 5 lacs
Yes Bank prepayment 3%
Yes Bank foreclosure 3%

Yes Bank Pension Loan Eligibility

For Yes Bank the eligibility of bank credit ratings is one of the most specific conditions that are firmly one of your ex-employee portion that has an annuity declaration. It will help if you have been a beneficiary of state, PSU or central government in the same way. You will get 60 per cent of a month’s annuity back while paying the bank’s instalments.

Yes 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

Yes 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

Yes 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 Yes Bank Personal Loan For Pensioners

The interest rate of the Pension Loan is 3.40 per cent, which is issued by Yes Bank. You may use this organisation at any cost, such as medical expenses, or, in addition to this move, you will be given to remaining monetarily constant.

Document Required For Yes Bank Pension Loan

Income slip:- Bank Account Statement and Salary Slips

Address verification: Ration Card, Bank Account Statement, Passport, Driving License, Light bills, Property purchase contract, Aadhaar Card. (you can present any of these)

Identity verification:- Passport, Voter ID card, Pan Card, Driving License, Aadhaar Card. (you can present any of these)

Loan Amount On Yes Bank Personal Loan For Pensioners

Primary credit adds up to 25,000 to be issued by the use of the Yes Bank to the beneficiary. The most outstanding aggregate is conceivably 14 Lakhs for State, and Central Government beneficiaries and Defence Retired Citizens, 5 Lakhs for Family Pensioners. The increase in residence will change accordingly. See the table below for additional data:

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 Yes Bank

Yes Bank Pension Loan

Yes Bank Limited is an Indian Private Sector Bank headquartered in Mumbai, India and was established by Rana Kapoor and Ashok Kapur in the year 2004. It offers a wide range of banking and commercial products for corporate and retail clients through retail banking and asset management assistance.

FAQs on Yes Bank Pension Loan

✅ Can you get a loan on a pension?

The Yes Bank Pension Loan is open for the Central and State Govt beneficiaries. The defence resigned people and family resigned people as long as 76 years old.

✅ How much loan can a pensioner get?

The improvement rate of individual credit for grantees impacts for the distinctive central purposes of loan suppliers. Yes Bank Pension Loan can profit by the whole Rs 25,000 to Rs 14 lakhs.

✅ What is the pension loan scheme?

Yes Bank Pension Loan scheme unites the financing needs of Govt, Defense and family beneficiaries after the retirement.

✅ How can you get Yes Bank Pension Loan?

You can apply online by visiting at the official website of Dialabank, or you can also call at 9878981166

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