Canara Pension

Age

• 60 Years to 75 Years

CIBIL Score

• A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Required Documents

• Stipulated Loan Application with 2 passport size photos of applicant / Co-applicant or guarantor.
• KYC documents of applicant/Co-applicant or guarantor.
• Proof of Residence (Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill etc., and others.

Nature of Employment

• All Central Government Pensioners (viz., Central, Civil, Railways, Defence, Armed Forces, Defence Civilians and Freedom Fighters etc).
• All State Government Pensioners.
• Pensioners of all Government Department Undertakings.
• Pensioners of all Public Sector Undertakings/Corporate Pensioners.
• Family Pensioners of all the above categories.

Loan Processing Charges

• Processing Charges 100 % waived.

Features

• NTH for Canara Bank Retired Pensioners/Family Pensioners is 40%.
• In case of Loan to Pensioners: Co-obligation of the spouse (wherever there is a provision for family pension) or any other person/pensioner good for the amount to be stipulated by the sanctioning authority.
• In case of Loan to Family Pensioners: Third party guarantee/co-obligation good for the amount should be obtained invariably.
• Higher loan quantum.
• NIL processing charges.
• NIL Margin.
• Lower Rate of Interest.
• Reducing Balance Interest Rate.
• No pre-payment penalty.
• Quick loan approval & disbursement.