Star Pensioner Loan

Age

• Age: Maximum age 75 years at the time of final repayment

CIBIL Score

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

Required Documents

• Proof of identity (any one): PAN/Passport/Driver Licence/Voter ID
• Proof of Address (any one): Passport/Driver Licence/Aadhar Card/ Latest Electricity Bill/Latest Telephone Bill/Latest Piped gas bill
• PPO with branch

Nature of Employment

• Individuals: Pensioners drawing pension through Bank Branch

Loan Processing Charges

• One time @ 0.50% of loan amount Min. Rs. 250/- and Max. Rs. 1000/-

Features

• ROI is calculated on daily reducing balance
• For Senior Citizen: No processing charges
• EMI starts from Rs.2205/- per lakh
• Maximum quantum upto 20 times for secured and 15 times for clean loan of the net monthly pension
• Maximum repayment tenure up to 60 months
• 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
• Low rate interest starting from 10.85% p.a.,
• Maximum limit upto Rs. 10.00 lakhs
• No hidden charges
• No prepayment penalty