Cent Pensioners

Purpose:

Any genuine personal needs other than speculation, investment in real estate or prohibited activities.

Eligibility:

Pensioners / family pensioners drawing pension through our Bank Branches including Ex-staff

Maximum Loan Amount:

Eighteen times the monthly pension maximum Rs.10.00 Lakh

Nature of facility:

Demand Loan
OR
Overdraft- with diminishing DP Limit to be amortized in maximum period of 60 months

Rate of Interest:

RBLR+CRP(1.60)=10.95% at present

Co-borrower:

Spouse of the pensioner or legal heir(s) of family pension beneficiarymust join as co-borrower

PROCESSING FEES:

NIL

DOCUMENTATION CHARGES:

Rs.500/-+GST