Who can apply for SBI pension loan
Pension holders of Central and State Governments can apply for SBI Pension Loans. For this, the pensioner’s age should be less than 76 years. Also, the pension payment order should be with SBI. The pensioner has to promise that he will not change his mandate given to the Treasury in the loan period. Under this, pensioners of Armed Forces including Army, Navy, Air Force, Paramilitary Forces (CRPF, CISF, BSF ITBP), Coast Guard, Rashtriya Rifles and Assam Rifles can apply. In this also, the pension payment order should be with SBI only. There is no minimum age restriction. The maximum age for family pension holders is 76 years. Authorized members of the family can also apply for the pension after the death of the pension holders in the family pension.
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If any interested senior citizen wants to take a pension loan, one can apply by dialing the number, missed call or message. Dial 180089-2211, missed call or SMS “PERSONAL” to 7208933145. The bank will call back your contact number.
These important documents should be-
>> While applying, one of the passports, PAN card, Voter ID card, driving license and Aadhaar card will have to be put as an identity card.
>> Ration card, bank account statement, passport, driving license, electricity bill, telephone bill, property prescription agreement or Aadhaar card can be placed as address proof. There should be a pension payment order as income proof.
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These special things about pension loans-
>> Low processing fee
>> no extra charge
>> Quick loan processing
>> Easy EMI through SI
>> Minimum documents required
>> Available at all SBI branches