Loan Amount
Minimum loan amount:
The minimum loan amount to avail PNB pension loan is Rs 25,000
Maximum loan amount:
- Age up to 70 years: Rs. 10 lakhs, or 18 times of net monthly pension (20 times net monthly pension for defence pensioners), whichever is lower
- Age above 70 years to 75 years: Rs 7.50 lakhs, or 18 times their net monthly pension (20 times net monthly pension in case of defence pensioners), whichever is lower;
- Age above 75 years: Rs. 5 lakhs, or 12 months of pension amount, whichever is lower.
Repayment
Term Loan: Max 60 equal monthly instalment or up to age 78 years whichever is earlier
Over Draft: Maximum 60 months or up to age of 78 years whichever is earlier on monthly reducing DP basis