SBI Pension Loan

  • Zero processing fee for defence pensioners and nominal processing fee (0.50% of the loan amount + Tax) for others
  • Minimal documentation and quick loan processing
  • Flexible tenure — you can get an SBI pension loan for 24 months to 60 months
  • Defence pensioners can get the loan for up to 84 months
  • The applicant’s pension payment order should be maintained with SBI.
  • The treasury has to give a written undertaking that it will not accept any request from the pensioner to transfer his pension to any other bank till a NOC is issued.
  • Maximum age should be less than 76 years at the time of processing
  • Defence pensioners of armed forces including Army, Navy, Airforce, Paramilitary forces (CRPF, BSF, ITBP, CISF) Rasht Riya Rifles, Assam Rifles, and Coast Guards.
  • The applicant’s pension payment order should be maintained with SBI.
  • Family pensioners should not be more than 76 years old.
  • Authorized family members who receive pensions after the death of the central or state, and defence pensioners can apply for a pension loan.
  • Pension payment order should be maintained by SBI.

Documents required for SBI pension loan

  • Identity Proof: Voters ID card/ Aadhar Card/ PAN Card/ Passport/ Driving License/ Ration Card
  • Residence Proof: Ration Card/ Passport/ A copy of utility bill — not older than 3 months/Lease or Rent Agreement
  • Age Proof: PAN Card/ Birth Certificate/ School Certificate
  • Income proof: Bank statement of the past 6 months
  • Retirement proof: Pension Slip, Name of the Organization

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I am the guy with more dreams that aims my target and chase in the Indian financial markets and more conscious in stock market moments

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Ajit Samal

Ajit Samal

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I am the guy with more dreams that aims my target and chase in the Indian financial markets and more conscious in stock market moments