Our Bhu Puu Loan Scheme aims for easy loan facility for Nepali domiciled Government of India pensioners who draws pensions through their bank accounts with our branches to meet various financial needs.
Features :
- Attractive and Competitive Interest Rate.
- Easy & Fast Loan processing.
- Tenure Up to 12 Years.
- Equated Monthly Installment (EMI) based Loan.
- No additional collateral required.
- Enhancement facility in existing loans.
Eligibility :
- Should be a Nepali domiciled Government of India Pensioners
- Age of pensioner should not exceed 70 years.
Loan Amount:
| Age of the Pensioner at the time of sanction | Eligible Loan Amount |
|---|---|
| Up to 55 years | Up to 42 months’ pension |
| Above 55 years and up to 60 years | Up to 36 months’ pension |
| Above 60 years and up to 65 years | Up to 28 months’ pension |
| Above 65 years and up to 70 years | Up to 20 months’ pension |
Documents:
- Duly completed application form
- 2 Passport Size Photographs of the borrower/guarantor.
- Citizen Certificate & National Identity Card of the borrower/guarantor.
- Copy of Pension Patta and Discharge Certificate
- Details of collateral security (i.e. Land ownership documents, maps, etc.) wherever applicable
- Brief detail of project in case of specific purpose loan
- KYC documents verifying the address of the borrower.
- Other as advised by the Bank from time to time.
For detailed information, please visit your nearest Branch.