This scheme is mainly for the retired people who are getting pension benefits through our bank. The amount of the loan depends upon their pension payment. The retired persons who are not eligible for any loan from the financial institutions can get benefit of this loan facility.
The financial eligibility depends on an individual's repayment capacity and is based on the following factors:
- Monthly or annual income
- Source of income
- Savings and credit history
- Work experience
- Number of dependents
- Probability of the individual continuing in the same occupation
Apart from the application form, you will be required to submit the following documents.
|Identity Proof||PAN Card, Driving License, Passport, Voter's ID, Aadhaar Card|
|Address Proof||Passport, Driving License, Voter's ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)|
|Signature Proof||PAN Card, Driving License, Passport|
|Latest Passport Size Photographs (4 copies)|