1. #1
    Unregistered Guest

    I am a Central government pensioner who has served the army. Can I take loan against my pension?

    Is there any age limit for pensioners to take loans against pensions as I have completed 68 years of age? Can you give some details?

  2. #2
    GovernmentJobsExpert is offline Senior Member
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    Re: I am a Central government pensioner who has served the army. Can I take loan against my pension?

    Since you are a central government employee, you are definitely eligible to take the loan against the pension. A new scheme has been launched by the State Bank of India (SBI) known as SBI Loan to affluent Pensioners to match the requirements and higher repayment capacity of those with higher salaries and pensioners.

    All pensioners- central / state and SBI pensioners whose bank account is with SBI can avail this scheme. Those pensioners whose pension are given away by Govt. Treasuries are also eligible for this scheme.

    The loan amount will be a maximum of 12 months net pension with a ceiling of Rs.3 lakh. There is a need of Collateral security in this case. The spouse is eligible to stand as third party guarantee. Incase the spouse not available, any other person or family member can stand in for the loan. The repayment period will be around 24 months. The people who are availing this scheme of loan should submit their Pan number or Form 15 H before availing the loan. Details regarding the interest rates etc and other details can be availed from the website.

  3. #3
    prasad_19in@yahoo.co.in is offline Senior Member
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    Re: I am a Central government pensioner who has served the army. Can I take loan against my pension?

    Hi Dear soldier,

    Yes you can take loan on monthly pension too, but there are some limitations/conditions do applicable. so please visit your Pension Disbursing Bank and ask for the details. P.S: You may be needed some one of the same Bank Branch to sign as surity/guarantor for your loan. Best of Luck

  4. #4
    gopalkvish is offline Junior Member
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    delhi
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    Re: I am a Central government pensioner who has served the army. Can I take loan against my pension?

    Since you are a central government employee, you are definitely eligible to take the loan against the pension. A new scheme has been launched by the State Bank of India (SBI) known as SBI Loan to affluent Pensioners to match the requirements and higher repayment capacity of those with higher salaries and pensioners.

    All pensioners- central / state and SBI pensioners whose bank account is with SBI can avail this scheme. Those pensioners whose pension are given away by Govt. Treasuries are also eligible for this scheme.


    best of luck............

  5. #5
    jevirsinh is offline Senior Member
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    Re: I am a Central government pensioner who has served the army. Can I take loan against my pension?

    hello friend
    friend you definitely get loan after pension for central government job in army.

    you can get loan from centra government bank like SBI

    best luch

  6. #6
    jitendra1117 is offline Senior Member
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    Re: I am a Central government pensioner who has served the army. Can I take loan against my pension?

    hi friend
    yes friend you can take pension

    All pensioners- central / state and SBI pensioners whose bank account is with SBI can avail this scheme. Those pensioners whose pension are given away by Govt. Treasuries are also eligible for this scheme.

  7. #7
    KT1443 is offline Senior Member
    Join Date
    Sep 2011
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    Re: I am a Central government pensioner who has served the army. Can I take loan against my pension?

    The State Bank of India has launched a new scheme known as SBI Loan to affluent Pensioners to match the requirements and higher repayment capacity of those with higher salaries and pensioners. Because, you are a central government employee, you are definitely eligible to take the loan against the pension. All the pensioners of central / state governments and SBI pensioners whose bank account is with SBI can avail this scheme. Those pensioners whose pension are given away by Govt. Treasuries are also eligible for this scheme. The loan amount will be a maximum of 12 months net pension with a ceiling of Rs.3 lakh. There is a need of Collateral security in this case. The spouse is eligible to stand as third party guarantee. Incase the spouse not available, any other person or family member can stand in for the loan. . The people who are availing this scheme of loan should submit their Pan number or Form 15 H before availing the loan. Details regarding the interest rates etc and other details can be availed from the website. The repayment period will be two years.

  8. #8
    hpsingh is offline Senior Member
    Join Date
    Sep 2011
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    253

    Re: I am a Central government pensioner who has served the army. Can I take loan against my pension?

    A new scheme known as SBI Loan to affluent Pensioners to match the requirements and higher repayment capacity of those with higher salaries and pensioners ha been introduced by the State Bank of India. Because, you are a central government employee, you are definitely eligible to take the loan against the pension. All the pensioners of central / state governments and SBI pensioners whose bank account is with SBI can avail this scheme. Those pensioners whose pension are given away by Govt. Treasuries are also eligible for this scheme.
    The loan amount will be a maximum of 12 months net pension with a ceiling of Rs.3 lac. There is a need of Collateral security in this case. The spouse is eligible to stand as third party guarantee. In case the spouse not available, any other person or family member can stand in for the loan. The people who are availing this scheme of loan should submit their Pan number or Form 15 H before availing the loan. Details regarding the interest rates etc and other details can be availed from the website.

  9. #9
    Unregistered Guest

    Re: I am a Central government pensioner who has served the army. Can I take loan against my pension?

    I am a central govt pensioner and availed a pension loan of one lac..............out of 48 EMI I have paid 13 EMI............again I have urgent need of money and find no way................Can I get a pension loan again ...............what is the proccess..............pls explain

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