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PENSIONER LOAN

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
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Largest Branch Network in
Mizoram.
Mizoram Rural Bank
Head Office : MINECO,Khatla
Aizawl - 796001
Mizoram
Nodal Officer for Customer Grievance Redressal
© Copyright 2021 Mizoram Rural Bank. All Rights Reserved.

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