United Bank of India
Head office: 16, Old Court House Street,
Kolkata – 700 001.

Annexure - I
  
Application for Personal Loan for the Pensioners

The Manager,
United Bank of India
___________ Branch

PHOTOGRAPH


 
 

Dear Sir,

                         I am a pensioner of your branch and I draw pension through my savings bank account with the branch. Please sanction me Rs. _________ (Rupees _______________ only) as Personal Loan under your Personal Loan
for Pensioners Scheme. I promise to repay the loan by _____ equated monthly installments. My particulars are given below:

1. Full name in block letters :
  
2. Full address with telephone no. :
  
3. Date of birth :
  
4. Category of Pension :
 
5. P.P.O. no. and date :
  
6. Name of the person entitled
    for family pension(if any) 		:
  
7. If answer to item no. 6 is nil,
    name of the proposed guarantor
    with address & telephone no.		 :
  
8. Pension Received
       a) Total pension
       b) Total deductions
       c) Net Pension 		:
:
:
:
  
9. Pension credited to account no.
                      (SB/CD)		 :
 
 
 
  
10. Life certificate submitted on :

I submit the following papers along with this application:

  1. An irrevocable letter of authority to transfer the entire amount of pension to savings bank account in which the loan will be disbursed .
  2. An irrevocable letter of authority to recover EMI from savings bank account in which the loan will be disbursed for credit to loan account.
  3. An undertaking from the person entitled to family pension to the effect that in case of demise of the pensioner, the entire liability of the personal loan account shall be taken over by the family pensioner.

I affirm that each of the statements made by me in this application is true and made with the knowledge that you will rely thereon.

Place: _____________                                                                                    Yours faithfully,

Date: _____________

(Full signature of the applicant)
 

Loan Processing Sheet
(for use by the branch)
Date of receipt of the application :
Date of completion of verification of information given in the Application along with records available with the branch
Date of disposal of the application
I have verified the particulars mentioned in the application from documents and records available in the branch wherever applicable and found the same correct. The requirement of the loan has been worked out as under:
a) Present age of the Pensioner
b) Monthly net pension
c) 50% of monthly net pension
d) 6 times of monthly net pension
e) Loan applied for
f) Eligible amt. of loan on the basis of EMI for 24 months @ 50% of monthly net pension
g) Eligible amt. of loan on the basis of EMI for the period of repayment proposed @ 50% of monthly net pension
h) Loan admissible [Least of (d), (e), (f) and (g)]


 

 
I recommend for sanction of the loan under the scheme for Rs ___________ (Rupees _____________________ only) as per the terms and conditions stipulated below:

Interest : At the rate of __________ % p.a. on diminishing balance at quarterly rest. The rate of interest will remain unchanged for the entire period of loan.

Repayment : The loan shall be repaid by ________ equated monthly installments starting from __________and the entire loan shall be fully repaid within _________.

Security : The loan shall be additionally secured by personal guarantee of ______________________ .
   
  Recommended for sanction Sanctioned
 

___________________________
Signature with date

 

___________________________
Signature with date