PURPOSE

Loan for purchase of consumer durables and to meet urgent seasonal personal expenses

ELIGIBILITY

Pensioner and Family pensioner who received monthly pension through MRB accounts

LOAN AMOUNT

Minimum - ₹ 25,000/-

Maximum - ₹ 10,00,000/- OR Maximum of 18 months pension with a ceiling of

1. ₹10 Lakh for pensioners who are upto 72 years of age
2. ₹ 6 Lakh for pensioners who are Above 72 and upto 74 years of age
3. ₹ 4 Lakh for pensioners who are Above 74 and upto 76 years of age

EMI/NMI not to exceed 50%

Family pensioner:

Minimum - ₹ 25,000/-

Maximum - ₹ 5,00,000/- OR Maximum of 18 months pension with a ceiling of

1. ₹5 Lakh for pensioners who are upto 72 years of age
2. ₹ 3 Lakh for pensioners who are Above 72 and upto 74 years of age
3. ₹ 2 Lakh for pensioners who are Above 74 and upto 76 years of age

EMI/NMI not to exceed 33%

MARGIN

NIL

INTEREST RATE

• As prescribed by the Bank. Interest will be applied on monthly compounding basis