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Personal/Individual Loan

Pension Loan

Purpose
  • To meet the expenses like Marriage, Family & Domestic functions, Education, Medical etc.,
Age of applicant
  • Max entry age 75
  • Max exit age 78
  • No specific minimum entry age
Eligibility
  • Central & State Government Pensioners, Family Pensioners, Retirees (both under VRS & superannuation) whose pension accounts are maintained with our branches.
  • CRS retirees and EPF Pensioners are not eligible for Pension Loan.
Take home pay
  • 40% of Gross Pay as Net Take Home Pay post all EMI deductions (existing and proposed) should be available
Loan amount
  • 10 times of monthly pension subject to a maximum of Rs.5.00 lakh
Rate of Interest
Period of Loan & Repayment
  • 60 EMIs - No holiday period
Processing charges
  • 1.20 % of limit sanctioned
How to apply
  • Please contact nearest Tamil Nadu Grama Bank’s Branch for more details