All types of pensioners drawing pension through PNB branches are eligible to get Personal Loan to Pensioners. [This includes family pensioners, ex-employees of our Bank, PNB's pre 1986.retirees getting ex-gratia, and those Pensioners whose pension is being received by the Bank through Department of Pension Disbursing Offices (DPDOs)].
The Purpose to get Pensioners Loan is to meet personal needs including medical expenses.
Minimum eligible loan amount of Pension Loan shall be Rs.25000/- and Maximum loan amount is as under:-
Net Monthly Pension (NMP) is equal to = Gross Pension - Statutory Deductions such as Income Tax etc.
Max. Permissible Deduction of NMP = 50%
Loan along with interest is to be repaid in maximum 60 equal monthly installments. However, In respect of pensioners above the age of 75 years, repayment period shall be of maximum 24 months.
No upfront fee required. However, documentation charges are to be payable.
The loan amount shall be disbursed through Demand Loan / Term Loan or Current Overdraft Account of the pensioner opened / to be opened for the purpose. In case of Overdraft, the pension of borrower should directly be credited to OD account, which will immediately reduce the Drawing Power
|Repayment in months
Default entered 10% Change as per Bank current Interest Rate
Though all efforts are made to keep the contents of the site up-to-date, complete and correct, this site or its owners do not make any claim regarding the information being provided on the site as correct, complete and up-to-date. The users are requested to please do inform in case he/she has noticed any error or updation of the official announcements for the correction & updation pf calcultor and content provided at this website. Visitors are advised to see use the information provided on the site at their own risk and responsibility. In case, any loss or damage is caused to any person due to his/her treating or interpreting the contents of this site or any part thereof as correct, complete and up-to-date out of ignorance or o therwise, this site will not be liable in any manner whatsoever for such loss or damage