With the changing proficient medical facilities available today people are leading active lives post retirementage which has just has just become a number.
After a prestigious career, employees of the State & Central government services can lead a comfortable life with a regular Pension amount which has been enhanced manifolds after the 7th pay commission.
As a first from any Bank, HDFC Bank now offers Personal Loans to pensioners up to the age of 65 years!
Pensioners can now fulfil any dream or ambition like travelling or redecorating their homes, or just treating themselves to an updated gadget or appliance with the Easy & convenient Personal loans from the HDFC BANK.
Under this Special Scheme the criterion for availing a Personal Loan is as follows:
- Employees covered under this scheme are Central & State Government Pension Holders & Defence Pension Holders.
- Maximum Age Limit at the time of completion of Loan is 65 years.
- Minimum Loan amount sanctioned is Rs 50K
- Maximum loan Amount sanctioned is Rs 5 lakhs
- Minimum tenor for which the Loan amount is disbursed is 12 months.
- Maximum tenor for repayment of Loan amount taken is 36 months.
- A contact with the Applicant in Person is mandatory during the current/permanent verification.
- Credit Protect Insurance is mandatory for all Pensioner cases.
*All other criterion is as per The HDFC Bank Personal Loan Policy.