| Target Group | * Central & State Government Pensioners, Family Pensioners, Re-employed Pensioners, Indian Bank Retirees both under VRS and superannuation.
* Whose Pension SB accounts are maintained at Indian Bank. |
| Amount of Loan |
| Age Limit (at entry level) |
Eligible Amount |
| Pensioners aged upto 70years |
10 times of monthly pension with a maximum of Rs.3 lakh |
| Pensioners aged above 70years and upto 80 years |
10 times of monthly pension with a maximum of Rs.1,50,000/- |
| Family Pensioners aged upto 70years |
10 times of monthly pension with a maximum of Rs.1,00,000/- |
|
| Margin | Nil |
| Processing fee | Nil up to Rs.25000/- and Rs.250/- for above Rs.25000/- |
| Interest Rates | Please see the Lending Rates link on Bank website home page |
| Repayment | Maximum 36 months |
| Salient Features | To meet expense towards medical, education, family function etc |
