SBI Pension Loan - Apply Online for SBI Pension Loan in India - Personal Banking
SBI Pension Loan
Retirement just got merrier with SBI Pension Loan. Fund your child’s marriage, buy your dream home, plan a trip or get medical aid with simple and hassle free loan and repayments.
Dial 1800-11-2211 for more information/ applying through Contact Centre
Give a Missed Call on 7208933142 or SMS “PERSONAL” on 7208933145 to get a call back from our Contact Centre
Features
- Low Processing Fees
- No hidden costs
- Quick loan processing
- Easy EMIs through SI
- Minimal documentation.
- You can Apply at all SBI branches
Eligibility
For Central & State Government Pensioners
- The pensioner should be below 76 years of age.
- Pension payment order is maintained with SBI.
- The pensioner to furnish an irrevocable undertaking not to amend his mandate to the Treasury during the tenure of the loan.
- The Treasury to give consent in writing that it will not accept any request from the pensioner to transfer his pension payment to any other bank till a NOC is issued
- All other terms and conditions of the Scheme will be applicable, including guarantee by the spouse (eligible for family pension) or by a suitable third party.
For Defence Pensioners
- Pensioners of Armed Forces, including Army, Navy and Air Force, Paramilitary Forces (CRPF, CISF, BSF, ITBP, etc.), Coast Guards, Rashtriya Rifles and Assam Rifles.
- Pension payment order is maintained with SBI.
- No minimum age bar under the scheme.
- Maximum age at the time of processing the loan should be less than 76 years.
For Family Pensioners
- Family pensioners include authorized members of the family to receive pension after the death of the pensioner.
- Family pensioner should not be more than 76 years of age.
Loan Repayment Period
- SBI PENSION LOAN:
Repayment Period
72 months (Loan to be repaid by 78 years of age)
- JAI JAWAN PENSION LOAN:
Repayment:
In maximum 72 EMIs commencing from one month after disbursal of loan through SI, or by debit to the pension a/c for recovery of EMIs.
Maximum Age at the time of loan sanction
Maximum Repayment Period
Age at the time of full repayment
Up to 76 years
72 months
78 years
- SBI PENSION LOAN SCHEME TO PENSIONERS OF PSUs:
Repayment Period
72 months (Loan to be repaid by 78 years of age)
- INSTA PENSION LOAN SCHEME THROUGH YONO:
Repayment Period
The demand loan will be repayable by way of EMIs through Standing Instructions. The maximum repayment period will be 3 years.
Terms and conditions
- EMI/NMP ratio shall not exceed 33% in all the cases for Family Pensioners
- EMI/NMP ratio shall not exceed 50% in all other type of Pensioners.
- Prepayment charges - 3% on prepaid amount.
- No prepayment/ foreclosure charges if the account is closed from the proceeds of a new loan account under the same scheme.
- Repayment mode of the loan is furnished by Standing Instructions to debit the pension account for recovery of the EMIs.
- Guarantee of loan is secured by TPG of Spouse eligible for family Pension or any other family member or a third party eligible for pension loan.
Last Updated On : Wednesday, 03-08-2022

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
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Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above