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Baroda Loan to Defence Pensioners

The Baroda Loan to Defence Pensioners helps you to tide over financial needs for various purposes.

Nature of facility - Demand / Term Loan (Clean)

Purpose - For any purpose other than speculative purpose

Eligibility

  • Retired Defence Personnel drawing Pension from the branch.
  • Spouse of late pensioner drawing family pension from the branch
(Pensioners those who retired from para military forces viz., B.S.F. etc. are not covered).

Maximum amount of loan

  1. Rs. 2 lacs (Subject to condition)

Personal Guarantee

  • Personal guarantee of person nominated to receive the family pension in case of death of the pensioner.
  • Third party guarantee in case of loan to the person drawing family pension.

Repayment

  • Maximum 60 months, subject to age of the applicant

RATE OF INTEREST: (CLICK HERE FOR CURRENT INTEREST RATES).
PROCESSING CHARGES: (CLICK HERE FOR DETAILS)

For further details, please contact the Bank of Baroda Branch nearest to you.



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