United Personal Loan Scheme for Pensioners
As a senior citizen of the society, you command a special respect from United
Bank of India. The Bank is offering you a loan scheme for assisting you to meet your
various family and personal needs after retirement.
The salient features of the Revised Scheme are as under:
Objective:
To extend term loan to you to meet your family and personal expenses.
Eligibility:
If you are a pensioner of Central and State Governments, Central and State Governments'
Undertakings, Defence Services, reputed Companies, Educational Institutions (Universities,
Institutes, Schools and Colleges) and drawing pension from the Branches of the United
Bank, you are eligible for loan under the Scheme from the Branch, where your pension is
paid.
Age of the Borrower:
Your age at the time of availing loan should be such that the entire loan is repaid
before your attaining seventy five years of age.
Quantum of Loan:
A maximum of Rs 2 lac subject to 12 months' gross pension.
Margin : Nil
Processing Charge : 1%
Disbursement of Loan :
The loan shall be disbursed through your Savings Bank A/c other than the account in
which your pension is credited every month. If you are not having any other Savings Bank
A/c with the branch, you may open a Savings A/c with the Branch jointly with another
member of your family, preferably with family pensioner for the purpose of availing of the
loan under the Scheme.
Rate of Interest : Click here to view.
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