New Delhi: Country's top lender State Bank of India (SBI) is offering pension loans to senior citizens including Central and State Government Pensioners, Defence Pensioners and family pensioners receiving a regular pension at a very affordable rate of interest.
"Get Pension loans at 9.75% and have a happy retirement. All you need to do is SMS <PERSONAL> on 7208933145,"SBI said in a tweet.
"Retirement just got merrier with SBI Pension Loan. Fund your child’s marriage, buy your dream home, plan a trip or get medical aid with simple and hassle free loan and repayments," the State Bank of India website reads.
Alternativey, customers can also dial 1800-11-2211 for more information/ applying through Contact Centre or give a missed call on 7208933142 to get a call back from SBI Contact Centre.
For Central and State Government Pensioners:
| Age at the time of Loan sanction | Max Loan Amt (18 months Pension or Rs.) | Repayment Period | Age at the time of full Repayment |
|---|---|---|---|
| Below 72 | 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 Defence Pensioners :
| Age at the time of Loan sanction | Max Loan Amt (36 months Pension or Rs.) | Repayment Period | Age at the time of full Repayment |
|---|---|---|---|
| Below 56 years | 14 lakhs | 84 months | 63 years |
| 56 - 72 years | 14 lakhs | 60 months | 77 years |
| 72 - 74 years | 12 lakh | 48 months | 78 years |
| 74 - 76 years | 7.50 lakh | 24 months | 78 years |
For Family Pensioners (including Defence Pensioners) :
| Age at the time of Loan sanction | Max Loan Amt (18 months Pension or Rs.) | Repayment Period | Age at the time of full Repayment |
|---|---|---|---|
| Below 72 | 5.00 lakh | 60 months | 77 years |
| 72 - 74 years | 4.50 lakh | 48 months | 78 years |
| 74 - 76 years | 2.50 lakh | 24 months | 78 years |
Eligibility For SBI pension loan
SBI pension loan Central & State Government Pensioners
- The pensioner should be below 76 years of age.
- Pension payment order is maintained with SBI.
SBI pension loan For Defence Pensioners
- Pensioners of Armed Forces, including Army, Navy and Air Force, Paramilitary Forces (CRPF, CISF, BSF, ITBP, etc.), Coast Guards, Rashtriya Rifles and Assam Rifles.
- Pension payment order is maintained with SBI.
- No minimum age bar under the scheme.
- Maximum age at the time of processing the loan should be less than 76 years.
SBI pension loan For Family Pensioners
- Family pensioners include authorized members of the family to receive pension after the death of the pensioner.
- Family pensioner should not be more than 76 years of age.
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Avail SBI Pension loan upto Rs 14 lakh at great interest rate, apply via this SMS number
