State Bank of India (SBI) Pension Loan
Purpose: To meet urgent cash requirements for purposes like the child’s wedding, paying medical bills, vacations, home renovation and much more.
Eligibility: Pensioners/Family Pensioners drawing pension through SBI.
Features:
Bank of Baroda (BOB) Loan to Pensioners
Purpose: To meet urgent financial needs other than speculation
Eligibility: Age: 21 – 75 years & Pensioners/ family pensioners drawing pension through our Bank’s branches are eligible
Features:
Loan Amount:
| Pensioner Type | Regular Pensioners | Family pensioners |
|---|---|---|
| Up to 70 years | Rs. 8 lakh | Rs. 3 lakh |
| Above 70 years | Rs. 5 lakh | Rs. 1.50 lakh |
Punjab National Bank (PNB) Personal Loan Scheme for Pensioners
Purpose: To meet personal requirements, including medical expenses and to offer funding assistance to public drawing pension through Punjab National Bank
Eligibility: All the types of pensioners drawing pension through PNB branches
Features:
Central Bank of India: Cent Pensioners
Purpose: For personal requirements, excluding any speculative activity or investment in real estate.
Eligibility: Pensioners/Family Pensioners drawing pension through Central Bank of India, including ex-staff
Features:
Bank of India (BOI) Star Pensioner Loan Scheme
Purpose: For various personal uses like paying medical bills, home renovation, debt consolidation, etc. Not for any speculative purpose.
Eligibility: Regular pensioners or family pensioners drawing regular monthly pension via BOI & Retired employees (other than dismissed/compulsorily retired) are eligible
Features:
Shriram Finance Loan for Pensioners
Features:
Note: Interest rates and charges are updated as of 28 May 2025.
