Loan Details

Bank Name

Bank of India

Minimum Loan Amount

upto Rs. 10.00 lakhs

Interest Rate

starting from 10.25% p.a

Minimum CIBIL Score

Minimum Loan Tenure

up to 60 months

Star pensioner loan

Fees and Charges

No processing charges for senior citizens For others — one time @ 2% of loan amount Min. Rs.500 and Max. Rs.2,000/-.

Eligibility

Individuals: Pensioners drawing pension through Bank Branch Age: Maximum age 75 years at the time of final repayment

Special Concession

Fees, Eligibility and Concession

Pros

Quick disposal of the loan (Very less turnaround time) Nil processing charges for senior citizen Clean loan facility available without pledging of any security Easy documentation

Cons

Pros and Cons

Purpose

: Bank of India Pension loan scheme to fulfill the personal financial needs of the pensioners/family pensioners

Special Features

Purpose and Features

How to Apply?

Documents Required

Account Opening and Procedures

Application Procedure

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