You can apply at all SBI branches
An interested senior citizen can apply by dialling the number, giving a missed call, or messaging. Dial 1800-11-2211 Give a Missed Call on 7208933 SMS PERSONAL on 7208933145 to get a call back from our Contact Centre Things to know before opting for a pension loan.
In all cases for family pensioners, the EMI/NMP ratio does not exceed 33%. For the other forms of pensioners, the EMI/NMP ratio would not exceed 50%. Prepayment charges will be at 3% on the prepaid amount. The mode of redemption of the loan is given by the Standing Instructions for debiting the EMIs from the pension account for recovery. The loan package is guaranteed by the partner eligible for a family pension or by some other member of the family or by a third party eligible for a pension loan.
SBI Pension Loan: Interest rate, eligibility, documents and other features
SBI Pension Loan interest rate starts at 9.75% p.a.
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State Bank of India (SBI) offers pension loans to senior citizens and family pensioners receiving a regular pension from the central or state government through the bank. This personal loan can be used by pensioners to fulfil various personal financial needs such as funding your child’s marriage, buying your dream home, planning a trip or get medical aid with a simple and hassle-free loan and repayments.
In a tweet, the country s top lender said: Get Pension loans at 9.75% and have a happy retirement. All you need to do is SMS PERSONAL on 7208933145.
SBI customers can also dial 1800-11-2211.
New Delhi: Country s top lender State Bank of India (SBI) is offering pension loans to senior citizens including Central and State Government Pensioners, Defence Pensioners and family pensioners receiving a regular pension at a very affordable rate of interest. Get Pension loans at 9.75% and have a happy retirement. All you need to do is SMS PERSONAL on 7208933145, SBI said in a tweet. Retirement just got merrier with SBI Pension Loan. Fund your child’s marriage, buy your dream home, plan a trip or get medical aid with simple and hassle free loan and repayments, the State Bank of India website reads.
SBI customers alert! State Bank of India is giving Personal Loan of Rs 14 lakh to these account holders - SBI is offering pension loans to senior citizens including Central and State Govt Pensioners, Defence Pensioners and family pensioners at a good rate.