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New Delhi6 hours ago
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State Bank of India (SBI) is running a pension loan scheme for retired employees. Under this, SBI is giving loans at 9.75% interest. Loans up to Rs 14 lakh can be availed through this facility. We are telling you about this scheme, so that you can get a loan easily if needed.
A person under 76 years of age can take a loan
Will get Rs 14 lakh Loan up to
The amount of loan available under this depends on your age. If you take a loan at the age of 72 years, you can get a maximum loan of up to Rs 14 lakh. Understand the full mathematics of loan amount here
|Age of borrower||Loan Amount (Maximum)||How long is the loan to repay|
|Less than 72 years||14 lakhs||5 years|
|72 to 74 years||12 lakhs||4 years|
|74 to 76 years||7.50 lakhs||2 years|
On the other hand, if you talk about those getting family pension, then they will be able to get a maximum loan of up to Rs 5 lakh.
How can you apply?
You can apply for a loan at your bank branch. For more information about this, you have to give a missed call to 7208933142. Apart from this, you can also SMS “PERSONAL” to 7208933145. After this, the bank will call you back.