Grandfathering Pr.1-3 Cr By Age 50
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1. SBI Pensioners Personal Loan Calculator
2. Eligibility Criteria & Terms and conditions of SBI Pension Loans

View Other Pensioners Utilities
  • Pensioners drawing Pension from PNB - Clcik Here To Calculate Your Maximum Personal Loan Eligible Amount

    This calculator displays SBI Pensioners Maximum Eligible Loan Amount and Repayments period allowed

    You are Pensioners
    Your Age
    Monthly Gross Pension
    Deduction Towoards Income Tax
    Eligible for Maximum Personal Loan Amount
    Loan Repayment Period (in Months)

    A Pensioners drawing Pension from SBI can Apply at all SBI branches.

    Eligibility Criteria for SBI Pension Loans

    For Central & State Government Pensioners

  • Maximum age at the time of availment of loan should mot be more than 76 years
  • All other terms and conditions of the Scheme will be applicable, including guarantee of the spouse (who will be eligible for family pension) or a suitable third party. The norms for family pensioners will continue.
  • Minimum Loan Amount: Rs. 25,000/- of loan amount

    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
  • Maximum age at the time of availment of loan should mot be more than 76 years
  • Minimum Loan Amount: Rs. 25,000/-

    For Family Pensioners

  • Family pensioner, i.e. spouse authorized to receive pension after the death of the pensioner, subject to condition that family pensioner should not be more than 76 years of age.
  • Minimum Loan Amount: Rs. 25,000/-

    Important Terms and conditions of SBI Pension Loan

  • EMI/NMP ratio shall not exceed 50% in all other type of Pensioners.
  • EMI/NMP ratio shall not exceed 33% in all the cases for Family Pensioners
  • Prepayment charges - 3% on prepaid amount.
  • No prepayment/ foreclosure charges if the account is closed from the proceeds of a new loan account under the same scheme.
  • Repayment mode of the loan is furnished by Standing Instructions to debit the pension account for recovery of the EMIs. Guarantee of loan is secured by TPG of Spouse eligible for family Pension or any other family member or a third party eligible for pension loan.
    Affordable Loan Calculator
    Affordable EMI
    Repayment in months
    Interest Rate
    Default entered 10% Change as per Bank current Interest Rate
    Affordable Loan
    Interest payable
    Total payable
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