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SMBL Pension Backed Loan

Product Detail
Interest Rate
Eligibility
Required Document

Pension backed loan is any legitimate purpose loan.

Features:

  1. Loan Amount: Officers – 80% of PF
  2. JCO (Nayeb Subedar to Subedar Major) – 15 Lac
  3. NCO (Lance Nayek to Habildar) – 10 Lac
  4. Sainik – 7 Lac
  5. Or 80% of PF on application date, whichever is lower.
  6. Tenor: 1 year – 15 Years/ retirement age (whichever is earlier)
Title Rate Remarks
SMBL Pension Backed Loan (Existing) 9.90%
  • BGB Employees only
  • Age: 28 years – 60 years (Maturity date of loan must not exceed retirement age or 60 years of borrower whichever is earlier)
  • Employment: BGB employees who have attained pensionable service or who have completed 10 years of service
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