Dena Senior Citizen Pensioners’ Loan Scheme

You are eligible if:

You are a pensioner of the State Govt., Central Govt. or PSU.

You are an ex-staff member with a pension account.

Your take home pension is not less than 60% of your monthly pension after deduction of the loan installment.

Loan Recovery Period and Loan Limit: 

Category of Borrower

Age

Loan limit

Borrower is a pensioner and nominee for pension eligible for family pension is alive.

Age of the pensioner on loan maturity not exceeding 73 years

12 months pension or Rs 3.00 lacs whichever is lower.

Age of the pensioner on loan maturity is not exceeding 80 years

6 months pension or Rs 1.50 lacs whichever is lower.

Borrower is a pensioner and nominee for pension eligible for family pension is not alive.

Age of the pensioner on loan maturity is beyond 73 years but not exceeding 80 years

6 months pension or Rs 1.50 lacs whichever is lower.

Family Pensioner Only

Age of the pensioner on loan maturity not exceeding 73 years

6 months pension or Rs 1.50 lacs whichever is lower.

 

 



Margin

NIL

Rate of Interest

Please Check out the Interest Rates Section to find latest Interest Rates applicable

INTEREST CHARGED ON DAILY REDUCING BALANCE

NO PREPAYMENT CHARGES

Security

NIL

Process Fees

NIL

Repayment

Upto 36 months

Guarantee

Simple! Spouse or nominee appointed for the pension account or any other family member or third party acceptable to the bank can guarantee the account.

Application Form

For any query, Please contact : Email: rbd@denabank.co.in