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You can easily apply for a pension loan to meet your needs. Under the State Bank of India Pension Loan Scheme, SBI offers this loan facility at an interest rate of 9.75 per cent ..!
SBI Pension loans: State Bank of India (SBI), the country’s largest state-owned bank, provides pension loans to cater to the needs of retired employees. You can easily apply for a pension loan to meet your needs. Under the SBI Pension Loan Scheme, SBI offers this loan facility at an interest rate of 9.75 per cent. This loan is easy and will help you to meet your child’s wedding expenses without any hassle and to buy your dream house (Dream House), travel or medical needs.
Why pension loans are special
This loan is special because it requires a lower processing fee. There is no hidden charge. Also, the process of getting a loan is very fast. There is an easy EMI option. Also, at least the documents have to be submitted and the best thing is that you can apply at any branch of SBI.
Get Pension loans at 9.75% and have a happy retirement. All you need to do is SMS
on 7208933145. To know more: https://t.co/eMBj7RRoT7 pic.twitter.com/pSpxHdbopI
— State Bank of India (@TheOfficialSBI) February 23, 2021
ALSO READ | Invest in it every month to get a change without going to work.!
You can contact the bank directly
If you would like to apply for a pension loan or would like more information, you can dial the toll free number 1800-11-2211 of the Contact Center. Not only this, you can send an SMS to 7208933142 or 7208933145 to “Personal” to get a call back from the bank’s contact center.
What is the eligibility for a loan?
It is for pensioners of Central and State Governments. Of these, the age of the pensioner should be less than 76 years. Also, the pension payment order must be in SBI. The retiree must promise not to change the mandate given to the treasury during his loan period.
If you retire from security
Under this, pensioners of Armed Forces including Army, Navy and Air Force, Auxiliary Forces (CRPF, CISF, BSF, ITBP etc.), Coast Guard, Rashtriya Rifles and Assam Rifles can apply. Of these, the pension payment order should be with the State Bank of India. There is no minimum age restriction. The maximum age limit for family pensioners is 76 years. After the death of the pensioner in the family pension, the authorized members of the family can also apply for the pension.
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