Nainital Bank Pension Loan

⋆ Interest Rate 9.99% ⋆

Nainital Bank Pension Loan Features

Nainital Bank Pension Loan Interest Rate	10.00% – 10.50%
Nainital Bank Pension Loan Processing Fee	0.50%-1% of the loan amount
Nanital Bank Pension Loan Tenure	60 months
Nainital Bank Pension Loan Amount Minimum	₹50,000
Nainital Bank Pension Loan Amount Max	₹5 Lakh
Nainital Bank Family Pension Loan Amount Minimum	₹50,000
Nainital Bank Family Pension Loan Amount Max.	₹5 Lakh
Nainital Bank prepayment	3% of the loan amount
Nainital Bank foreclosure	3% of the loan amount

Nainital Bank Pension Loan Eligibility

Permanent employees of Reputed Organisations, Central and State Government.
The Field officers and insurance agents draw their monthly pensions from Nainital Bank.
Professionals like doctors, lawyers, C.A, etc.

Nainital 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

Nainital 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

Nainital 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 Nainital Bank Personal Loan For Pensioners

The rate of interest is set at a low of 3.4% to make it easier for the old pensioners to repay it without difficulty.

Document Required For Nainital Bank Pension Loan

Nainital Bank Pension Loan signed application form along with passport size photographs
As identity Proof -Copy of Adhar card/passport/voter ID card/driving license
As income Proof – Last 3 months bank statement/6 months bank passbook, Latest salary slip
Processing fee cheque

Loan Amount On Nainital Bank Personal Loan For Pensioners

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 Nainital Bank

Nainital Bank was founded in 1922, this scheduled commercial bank is a subsidiary of Bank Of Baroda. In recent years the bank has had ambitious expansion plans and thereby the bank has 139 branches in Northern India.

FAQs on Nainital Bank Pension Loan

✅ Can you get a loan on a pension?

The Nainital Bank Pension Loan is possible for the Central and State Govt pensioners, Defense pensioners, and family pensioners up to 76 years of life.

✅ How do I apply for Nainital Bank Pension Loan?

You can practice online via Dialabank or call at 9878981166.

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