Loan Against pension EMI Calculator Loan Amount 1L 5Cr Tenure (months) 12 360 Interest Rate 6% 18% Equated Monthly Installment (EMI) will be 8606
HPSCB Loan : Features Minimal documentation Quick Loan processing No margin is required. Low interest rate Higher loan amount Low processing fee No hidden cost/administrative charges Quantum of loan- 15 times of monthly pension Age group (58-65) years- Max. upto Rs.10,00,000/ Age group (66-72) years- Max. upto Rs. 7,00,000/- Repayment- 84 months or upto the age of 75 years (whichever is lower)
HPSCB Loan : Eligibility Ex- Servicemen/Pensioner of State/Central Govt., Boards, Corporations, Statutory Bodies, Universities, Ex. MLAs/MPs of Himachal drawing pension from any Bank Non defaulters of our Bank/ any other financial institution Applicant age shall not exceed 72 years The loan shall be recovered before attaining the age of 75 years. Pension payable to the applicant shall not be in any sort of dispute. Suitable third party guarantee.
HPSCB Loan : Documents Pre-sanction Documents:- Pension Certificate Age Proof document Guarantor statement Authority Letter for standing instructions Undertaking from spouse
