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Pensioners' Loans

Life begins

when you retire

You don’t have to put your needs and obligations on hold when you retire.



With our Pensioners Loans scheme you can  get a personal loan to fund all your requirements.

 

The Essentials

  • Available for  Government Pensioners

  • Easy and convenient application process

  • Quick loan approval

  • Loan scheme to suit your range of purposes

 

 

Eligibility

If you are a Government Pensioner or widow/widower who receives your spouse's pension through Pensions Department, you can apply for this loan scheme.

Your age need to be below 69 years of age and the loan should be paid in full before you reach your 70th Birthday. (For joint application both you & your other parties need to meet this requirement).

The minimum net pension should be Rs. 15,000/- per month.

Joint income could be considered if the spouse is also a government pensioner.

your pension should have been credited to your Commercial Bank account at least during the previous or current month.
Eg: If a loan is considered in April 2016 the pension for March 2016 or April 2016 should have been credited to your Commercial Bank account

 

Accommodating purposes

You could obtain a Loan for a variety of purposes,

  • Renovations of your house
  • Travelling abroad
  • Surgical and medical expenses of family members
  • Wedding expenses of children
  • Educational expenses of children
  • Settle existing loan/credit cards from other Banks
  • Any other purpose acceptable to the Bank

 

Amount of loan

Minimum Loan amount Rs 100,000/-
Maximum loan amount Rs 2,500,000/-

 

Repayment period

You can choose up to maximum of 10 years, subject to full settlement of the loan prior to reaching 70 years of age.

 

Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.

Loan Calculator >> 

Apply for a loan

Who can apply

If you are a Government Pensioner or widow/widower who receives your spouse's pension through Pensions Department, you can apply for this facility.

How to apply

  • Download application form and submit the filled form to any Commercial Bank branch
  • You can also visit a branch of your choice to apply for the loan

Apply now

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