Business News Desk, most people feel that if you have retired, you cannot get a loan now. But if you get pension every month after retirement, then you will get a loan easily even at the age of 70 years. State Bank of India runs a special scheme for such elders. The name of the scheme is SBI Pension Loan Scheme. This loan given to pensioners is a kind of personal loan. Elderly can take this loan to meet the expenses of marriage, houses to travel or buy, or to meet the need for treatment. How much amount will be received as a loan, it is decided on the basis of your pension. Also, it is necessary to fulfill some important conditions to take a loan.
There are many benefits of loan
There are many benefits in pension loans. The first advantage is that till 31 March 2025, no processing fees will be charged in it. In this, the process of getting a loan is very fast and there is no need to submit too much documents for debt. The interest rates recovered on pension loans are also usually lower than the interest rates of personal loan. There is no hidden fee in this. Pensioners get EMI option to pay the loan. For pension loan, you can apply in any branch of SBI.
Details related to loan will be found here
If you want to get other information related to SBI loan, then you can visit the official website of SBI https://sbi.co.in/. Apart from this, you can get information related to it by dialing tolphrey number 1800-11-2211. Also, you can also apply for pension loan from this number. To get a call back from SBI’s contact center, give a missed call on 7208933142 or SMS by typing ‘Personal’ on 7208933145.
