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Personal Advances / Loan to Pensioners
 
Purpose To meet domestic expenses
Eligibility All Central and State government pensioners who maintain pension accounts
Amount of finance 12 months pension or Rs.75, 000/- maximum,whichever is less
Margin None
Security 3rd party guarantee of spouse, family member who is eligible for family pension,or 3rd party guarantee equal to 100% of the loan amount
Repayment 48 monthly Instalments from the 1stmonth after loan disbursal
Processing charges none

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