| Salient Features | To meet expense towards medical, education, family function etc |
| Target Group | * Central & State Government Pensioners, Family Pensioners, Re-employed Pensioners, Indian Bank Retirees both under VRS and superannuation.
* Whose Pension SB accounts are maintained at Indian Bank. |
| Quantum of Loan |
| Age Limit (at entry level) |
Eligible Amount |
| Pensioners aged upto 70years |
10 times of monthly pension with a maximum of Rs.1 lakh |
| Pensioners aged above 70years |
10 times of monthly pension with a maximum of Rs.60,000/- |
| Family Pensioners aged upto 70years |
10 times of monthly pension with a maximum of Rs.60,000/- |
|
| Margin | Nil |
| Processing fee | Nil up to Rs.25000/- and Rs.250/- for above Rs.25000/- |
| Interest Rates |
| Amount Slab(Rs. in Lakhs) |
Interest Rate |
| Below 36 months |
BBPLR minus 0.50% floating at present. |
| 36 months |
BPLR + TP minus 0.50% floating at present. |
|
| Repayment Period | Maximum 36 months |
| Master Circular (For updations see the latest circulars) | ADV/125/05-06 dt 22/12/05
ADV/133/05-06 dt 18/01/06 |
| * BPLR = 12.50 % and BASE RATE = 8.00 % | |
