SBI Pension Loan
Personal BankingPersonal FinanceHome LoanPersonal Loans
Show More
Auto LoansEducation LoansGold LoanRetail Loan OffersLoans Against SecuritiesLoans Against PropertyCalculatorsIRAC normsSBI Surya Ghar – Loan for Solar Roof Top
SBI Pension Loan
- Features
- Eligibility
- Loan Amount and Repayments
- Terms and conditions
Apply Now
Retirement just got merrier with SBI Pension Loan. Fund your child’s marriage, buy your dream home, plan a trip or get medical aid with simple and hassle free loan and repayments.
Dial 1800-11-2211 for more information/ applying through Contact Centre
Give a Missed Call on 7208933142 or SMS “PERSONAL” on 7208933145 to get a call back from our Contact Centre
Features
- Low Processing Fees
- No hidden costs
- Quick loan processing
- Easy EMIs through SI
- Minimal documentation.
- You can Apply at allSBI branches
Eligibility
For Central & State Government Pensioners
- The pensioner should be below 76 years of age.
- Pension payment order is maintained with SBI.
- The pensioner to furnish an irrevocable undertaking not to amend his mandate to the Treasury during the tenure of the loan.
- The Treasury to give consent in writing that it will not accept any request from the pensioner to transfer his pension payment to any other bank till a NOC is issued
- All other terms and conditions of the Scheme will be applicable, including guarantee by the spouse (eligible for family pension) or by a suitable third party.
For Defence Pensioners
- Pensioners of Armed Forces, including Army, Navy and Air Force, Paramilitary Forces (CRPF, CISF, BSF, ITBP, etc.), Coast Guards, Rashtriya Rifles and Assam Rifles.
- Pension payment order is maintained with SBI.
- No minimum age bar under the scheme.
- Maximum age at the time of processing the loan should be less than 76 years.
For Family Pensioners
- Family pensioners include authorized members of the family to receive pension after the death of the pensioner.
- Family pensioner should not be more than 76 years of age.
- Click here for interests
Loan Repayment Period
- SBI PENSION LOAN:
Repayment Period
72 months (Loan to be repaid by 78 years of age)
- JAI JAWAN PENSION LOAN:
Repayment:
In maximum 72 EMIs commencing from one month after disbursal of loan through SI, or by debit to the pension a/c for recovery of EMIs.
Maximum Age at the time of loan sanction
Maximum Repayment Period
Age at the time of full repayment
Up to 76 years
72 months
78 years
- SBI PENSION LOAN SCHEME TO PENSIONERS OF PSUs:
Repayment Period
72 months (Loan to be repaid by 78 years of age)
- INSTA PENSION LOAN SCHEME THROUGH YONO:
Repayment Period
The demand loan will be repayable by way of EMIs through Standing Instructions. The maximum repayment period will be 3 years.
Terms and conditions
- EMI/NMP ratio shall not exceed 33% in all the cases for Family Pensioners
- EMI/NMP ratio shall not exceed 50% in all other type of Pensioners.
- Prepayment charges - 3% on prepaid amount.
- No prepayment/ foreclosure charges if the account is closed from the proceeds of a new loan account under the same scheme.
- Repayment mode of the loan is furnished by Standing Instructions to debit the pension account for recovery of the EMIs.
- Guarantee of loan is secured by TPG of Spouse eligible for family Pension or any other family member or a third party eligible for pension loan.
Apply Now
Last Updated On : Monday, 08-04-2024
Interest Rates
Start From
11.45% p.a.*
*T&C Apply.
View All
SEE PRODUCTS APPLY NOW
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
View All
SEE PRODUCTS
Starts From 9.05%*
SBI Gold Loan
*T & C Apply
View All
SEE PRODUCTS APPLY NOW
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
View All
SEE PRODUCTS APPLY NOW
8.15% p.a.*
*T&C Apply.
View All
SEE PRODUCTS APPLY NOW
9.15% p.a.
View All
SEE PRODUCTS APPLY NOW
7.00%
2 years to less than 3year
6.50%
5 years and up to 10years
View All
SEE PRODUCTS
Quick Links
- Doorstep Banking Services
- FAQ's
- Interest Rates
- Unauthorized Digital Transaction Reporting
Personal Loans Landing Page
Limited Time Offers - Unlimited Joy
SBI Xpress Elite
Special Loan for Salaried Customers with Monthly Income of Rs. 1 lakh & above
More Informantion Apply Now
Xpress Flexi
Overdraft facility for Salaried Customers
More Information
SBI Pension Loan
Loans To Pensioners
More Information Apply Now
SBI Xpress Credit
Loans to Salaried Employees having salary accounts with SBI
More Information Apply Now
Pre-Approved Personal Loans in 4 clicks only
Pre-Approved Personal Loans in 4 clicks only
More Information Avail Now
Most Important Terms And Conditions
Most Important Terms And Conditions
More Information Apply Now
Real-Time Xpress Credit
End-to-end Digital Loan for Salaried customers
More Informantion
Criteria
- Features
- Eligibility
- Terms and Conditions
Interest Rates
Start From
11.45% p.a.*
*T&C Apply.
View All
SEE PRODUCTS APPLY NOW
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
View All
SEE PRODUCTS
Starts From 9.05%*
SBI Gold Loan
*T & C Apply
View All
SEE PRODUCTS APPLY NOW
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
View All
SEE PRODUCTS APPLY NOW
8.15% p.a.*
*T&C Apply.
View All
SEE PRODUCTS APPLY NOW
9.15% p.a.
View All
SEE PRODUCTS APPLY NOW
7.00%
2 years to less than 3year
6.50%
5 years and up to 10years
View All
SEE PRODUCTS
Quick Links
- Doorstep Banking Services
- FAQ's
- Interest Rates
- Unauthorized Digital Transaction Reporting
'); } else { // $(this).height(150); // $(this).append(''); } }); }); $(document).on("click", ".expando-div", function() { var item_length = $(this).find('.item-height').length; var name = $(this).attr('data-btn') var features_hgt_height, arr = [], a; var $current_div = $('.hgt_200').find('.expando-div[data-btn="' + name + '"]') // var attr_val = $('.expando-div').attr('href'); for (var j = 0; j <= name.length; j++) { $.each($("." + name + ":not(:first)"), function(index, value) { a = $(this).parent().find('.item-height').val(); if (a != undefined) { console.log(a, "the itemheight") var iNum = parseInt(a); arr.push(iNum) } }); } features_hgt_height = Math.max.apply(Math, arr); $.each($(".item-height"), function(index, value) { var div_height = $(this).parents('.hgt_200').find('.item-height').val(); var $div = $(this).parents('.hgt_200').find("." + name); var main_head = $(this).parents('#compare_records').find('.li_height[data-text="'+name+'"]'); $div.animate({ height: features_hgt_height }, 1000); main_head.animate({ height: features_hgt_height + 35 }, 1000); $current_div.text("Read Less...") $current_div.removeClass('expando-div') $current_div.addClass("less_div"); // if($current_div.hasClass("new_class")) {{ // $div.animate({height:160},1000); // $current_div.removeClass("less_div"); // $current_div.addClass("new_class"); // $current_div.text("Read More...") // } }); }); $(document).on("click", ".less_div", function() { var item_length = $(this).find('.item-height').length; var name = $(this).attr('data-btn') var $current_div = $('.hgt_200').find('.new_class[data-btn="'+name+'"]') var main_head = $(this).parents('#compare_records').find('.li_height[data-text="'+name+'"]'); main_head.animate({ height: 197 }, 1000); $.each($(".item-height"), function(index, value) { var div_height = $(this).parents('.hgt_200').find('.item-height').val(); var $div = $(this).parents('.hgt_200').find("." + name); $div.animate({ height: 150 }, 1000); $current_div.text("Read More...") $current_div.removeClass('less_div') $current_div.addClass("expando-div"); }) console.log(main_head) }) $(document).on("click", "#compareOther", function() { $('#contentArea').removeClass('hide') $('.product_page').addClass('hide') $('.inner_sbi-session').parent().removeClass('hide'); $('.mobile_view').parents('body').find('.cont_section').removeClass('hide') $(this).parents('.otherProd').removeClass('box_shadow') $('.otherProd').removeClass('box_shadow') $('#compare_records .compare_box_grid:not(:first)').remove(); $('.slider_compare ').removeClass('hide') $(".land_box").removeClass('hide') $('.compare_list_wrap').addClass('hide'); $(".land_box").find('.apply_more_btn').removeClass('hide'); $(".land_box").find('.main_content').removeClass('hide'); $(".land_box").find('.sub_content').addClass('hide'); $('.compare_data').not(':eq(0)').remove(); $(".checkCompare").prop("checked", false); $(".checkCompare").prop("disabled", false); $(this).addClass('hide') $(this).parent().addClass('hide') $('.prodct_mb_hide').addClass('hide'); $('.titleOtherProd').addClass('d-md-block') }); $(document).on("click", ".btn_pro_close", function() { var compare_parent = $(this).parents('.compare_box_grid'); compare_parent.remove(); }) var wrap = $("#compare_records"); wrap.on("scroll", function(e) { if (this.scrollLeft > 20) { wrap.find('.mobile_div').addClass("fix-search"); } else { wrap.removeClass("fix-search"); } }); });
