PNB Loan Scheme For Pensioners: Now You Can Easily Get Personal Loan Up To Rs 10 Lakh From This bank

PNB Loan Scheme For Pensioners: Now You Can Easily Get Personal Loan Up To Rs 10 Lakh From This bank

Under the PNB scheme, the loan amount is determined on the basis of pension. If you are 70 years old, then you can take a maximum amount of Rs 10 lakh and a minimum of Rs 25,000 or 18 times the pension amount as a loan.

PNB Loan Scheme For Pensioners provides loan facilities to old age people.

Under the PNB scheme, one can take a loan of up to Rs 10 lakh till the age of 70 years.

You have to provide a guarantee while taking a loan under the PNB scheme.

PNB Loan Scheme For Pensioners: Now You Can Easily Get Personal Loan Up To Rs 10 Lakh From This bank
PNB Loan Scheme For Pensioners: Now You Can Easily Get Personal Loan Up To Rs 10 Lakh From This bank

There is a belief that old people have no need for loans. Therefore, banks do not provide them with any loans easily as they can turn into bad loans. However, this is completely wrong. There are also some banks that give loans to people above 60 years of age with certain conditions. Punjab National Bank (PNB) is one of the few banks that provide loan facilities for old age people. This is known as the ‘Loan Scheme for Pensioners’.

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Let us understand this scheme in detail

Up to the age of 70, you can get a loan of 10 lakhs

Under the PNB scheme, the loan amount is determined on the basis of pension. If you are 70 years old, then you can take a maximum amount of Rs 10 lakh and a minimum of Rs 25,000 or 18 times the pension amount as a loan. However, defense pensioners can take 20 times the pension amount as a loan. This rule differs for people over the age of 70.

These rules for people above 70 years of age

If your age is between 70 to 75 years then you can take a loan of Rs 7.5 lakh or 18 times of pension amount Will give you an amount equal to the pension of the month.

At what time do you have to repay the loan?

According to the information released from the official website of PNB, pensioners will have to repay the loan within 5 years and with a maximum premium of 60. However, pensioners who are above 75 years of age will have to repay the loan within two years or with a maximum of 24 premiums. Rs 500 + GST ​​will be charged as a document fee.

Law of safety

It is mandatory for you to give a guarantee while taking a loan under the PNB scheme. If a man needs to give as a guarantee to his wife, and the wife needs to give to her husband as a guarantee. Apart from this, if your children earn, then they or third-party guarantees can also run. For more details, you can check the official website of PNB.

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