Apex Pension

Loan for pensioners to meet Medical expenses, other genuine needs and emergent personal expenses.

Purpose:

Cost of Medical expenses and other genuine needs & emergent personal expenses.

Margin:

NIL

Eligibility:

Pensioners drawing pension through our Branch
Pensioners of all Central/State Govt./Govt, Depts undertakings/PSUs/Corporates, family pensioners of above categories, ex-employees of the Banks.

Quantum:

10 times monthly pension OR Maxi.Rs.50,000/- which ever is higher.
Security:
Co-obligation of wife, son, daughter (wherever family pension permitted).

Repayment:

36 months

Rate of Interest:

12.00% per annum

Pre-Closer Charges:

1.00% on outstanding balance.

Documentation:

Application
Pronote/Pronote covering letter
Photograph of the borrower/co – obligant.
Declaration for end use of loan.