Compare products

Pension loans

Compare loans designed for eligible pension recipients, including rates, age limits, repayment and digital pre-approved variants.

	Filter Interest rate 7–9%19–12%7	Filter Benchmark EBLR2RLLR5MCLR1Repo rate linked1Fixed rate1Floating rate3 Matches any selected option	Filter Maximum finance Up to ₹5 lakh1₹5–₹25 lakh2	Filter Maximum tenure Up to 1 year11–5 years75–10 years5Above 10 years1	Filter Minimum income Up to ₹25,0002	Filter Eligibility Senior citizen12 Matches any selected option	Filter Processing fee Nil / no fee8Percentage-based fee4Flat rupee fee8Fee has a maximum cap2GST / tax additional5 Matches any selected option	Filter Prepayment / closure No penalty / charge9Percentage charge2Conditional rules3
Baroda Loan to PensionersBank of Baroda	Digital pensioner loan 10.90% p.a. non-digital 11.40% p.a. retired Bank of Baroda/family pensioners 8.75% p.a.	+ +2	Regular pensioner: ₹8 lakh up to age 70 and ₹5 lakh above age 70. Family pensioner: ₹3 lakh up to age 70 and ₹1.50 lakh above age 70.	60 months for regular/family pensioners up to age 70 36 months for those above age 70.	No minimum pension amount is published. Total monthly deductions, including the proposed and existing-loan , must not exceed 60% of monthly pension the pension must have been credited through the Bank of Baroda relationship for at least 3 months with satisfactory conduct.	Pensioners/family pensioners drawing pension through a Bank of Baroda branch or qualifying treasury/DPDO credit to a Bank of Baroda savings account pension must have been credited for at least 3 months with satisfactory account conduct.	Nil for Bank of Baroda ex-staff pensioners/family pensioners ₹1,000 for other pensioners, excluding .	No foreclosure charges.
Baroda Yoddha Loan to Defence PensionersBank of Baroda	Digital: + + 2.75% (effective rate shown 10.90%) non-digital: + + 3.25% (11.40%) retired Bank of Baroda/family pensioners: + + 0.60% (8.75%).	(Baroda Repo Linked Lending Rate) plus Strategic Premium () current retail is 7.90% p.a. effective 6 December 2025 (repo 5.25% + markup/base spread 2.65%).	Regular pensioners: up to ₹8 lakh up to age 70 and ₹5 lakh above age 70. Family pensioners: up to ₹3 lakh up to age 70 and ₹1.50 lakh above age 70.	60 months for borrowers up to age 70 36 months for borrowers above age 70.	Value awaiting review	Defence pensioners/family pensioners drawing pension through a Bank of Baroda branch, or receiving Treasury/DPDO pension into a Bank of Baroda savings account. Pension must have been credited through the branch for at least 3 months with satisfactory account conduct applications are individual only and co-applicants are not allowed.	Bank of Baroda pensioners/family pensioners: nil other pensioners: ₹1,000 plus .	No foreclosure charges are published. Penal interest of 2% on the outstanding loan amount is separate.
Star Pensioner LoanBank of India	Starts from 10.85% p.a. interest is calculated on a daily reducing balance.	The page publishes daily reducing-balance interest but no separate named benchmark.	Maximum amount up to ₹10 lakh. Maximum quantum is 20 times net monthly pension for a secured loan and 15 times for a clean loan.	Up to 60 months.	No fixed rupee pension or income minimum is published quantum is linked to net monthly pension and the applicant must provide the pension payment order (PPO).	Individuals drawing pension through a Bank of India branch maximum age 75 years at final repayment.	Senior citizens: nil processing charge. Others: 0.50% of loan amount, minimum ₹250 and maximum ₹1,000.	No prepayment penalty is published.
Bank of Maharashtra Maha Adhaar Pension LoanBank of Maharashtra	General pensioners: 9.75% p.a. Defence and Bank staff pensioners: 9.25% p.a.	8.05% + 1.70% for general pensioners + 1.20% for defence and staff pensioners.	Up to ₹10 lakh. General pensioners: 18 months' pension, capped at ₹10 lakh up to age 65, ₹5 lakh up to 70 and ₹3 lakh up to 73. Defence/staff: 36 months, capped at ₹10 lakh/₹7 lakh/₹5 lakh. Family pensioners: 18 months, capped at ₹4 lakh/₹3 lakh/₹2 lakh.	Up to 120 , subject to age 75 at maturity.	No minimum annual income. Finance is based on eligible pension and deduction caps: 40% of gross monthly pension up to ₹12,500 and 50% above ₹12,500.	Value awaiting review	Processing 0.50% of loan amount, minimum ₹500 and maximum ₹5,000 nil for staff pensioners. Account handling 0.20%, minimum ₹1,500 and maximum ₹10,500, excluding .	Nil for floating-rate non-business retail loans to individuals.
Canara Pension Loan for Bank Ex-EmployeesCanara Bank	Current fixed retail table: 11.25% general/family pensioners, 10.75% bank retirees and 9.25% for the IBA mediclaim-premium component.	8.00% plus pension-scheme credit-risk premium in the linked current retail table.	Component 1: 20 months' pension or ₹10 lakh, whichever is lower. Component 2: annual premium, eligible scheme amount or ₹90,000, whichever is lower combined liability remains capped at Component 1 maximum.	Component 1: 72 if below age 65 at sanction, 60 if above 65. Component 2: 10 .	No salary minimum is published pension must support 25% net take-home after the proposed .	Value awaiting review	100% waived.	No prepayment penalty.
Canara Pension LoanCanara Bank	Canara's official pension calculator displays an interest-rate range of 10.40%–11.60% p.a. final rate depends on pensioner category and assessment.	Value awaiting review	Age at sanction determines the maximum: below 60 years ₹15 lakh age 60–70 ₹10 lakh age 70–75 ₹5 lakh.	Below age 60: up to 84 months age 60–70: up to 60 months age 70–75: up to 36 months, with age-at-full-repayment caps of 67, 75 and 78 respectively.	No fixed income threshold is published Canara retired and family pensioners must maintain 40% net take-home after the loan.	Value awaiting review	100% waived.	No prepayment penalty.
IB Pension LoanIndian Bank	9.90%–10.15% p.a. floating for Pension Loan in Indian Bank's current personal-segment rate table dated 14 August 2026. ↓	The Pension Loan row is labelled floating but the current official table does not identify a named benchmark or spread.	Regular pensioner: up to 18 times monthly pension credit. Family pensioner: up to 12 times monthly pension credit.	Maximum 10 years, subject to the applicable maximum exit age: 78 years for regular pensioners and 75 years for family pensioners.	No separate rupee income floor is published. Eligibility requires an eligible pension credited through an Indian Bank branch, and the loan amount is tied to monthly pension credit.	Central or State Government pensioners, family pensioners, re-employed pensioners and Indian Bank retirees under VRS or superannuation whose pension accounts are maintained with an Indian Bank branch. Regular pensioner maximum entry age is 75 and exit age 78 family pensioner maximum entry age is 72 and exit age 75. CRS retirees and pensioners are excluded.	Nil for loan amounts up to ₹25,000 ₹250 above ₹25,000 under the current Indian Bank personal-segment processing-fee schedule.	Value awaiting review
PNB Personal Loan for PensionersPunjab National Bank	PNB's latest located quarter disclosure (quarter ended March 2026) reports a Personal Loan to Pensioners range of 10.60%–11.60% p.a. and mean of 11.10%. The product rate sheet dated 7 October states ++2.50 percentage points, printed then as 10.60% floating / 11.60% fixed those all-in figures predate the 8 October revision.	++2.50 percentage points. PNB's is 8.35% effective 8 October 2026. The 7 October rate sheet's displayed 10.60% floating and 11.60% fixed figures predate this benchmark revision and are not recalculated here.	Minimum ₹25,000. Maximum is ₹10 lakh up to age 70, ₹7.5 lakh above 70 to 75, and ₹5 lakh above 75, each subject to the stated pension multiple.	Maximum 60 or up to age 78, whichever is earlier borrowers above age 75 are limited to 24 in the scheme disclosure.	Value awaiting review	Value awaiting review	Nil processing fee documentation charge ₹500 plus applicable taxes.	Nil.
PNB Pride Car LoanPunjab National Bank	New car, fixed: 8.65% p.a. non-EV 8.60% EV. Old-car Women/PNB Pride/Corporate group: floating 9.45% fixed 10.45% p.a.	Old-car Women/PNB Pride/Corporate group floating rate: + + 1.35% PNB prints the current rate as 9.45% p.a.	Up to 25× gross monthly salary/pension/income, capped at ₹1 crore for individuals/proprietorships, as under PNB Car Loan for Public.	New vehicle: up to 84 old vehicle: up to 60 for a vehicle not over 3 years old. Final repayment age: 70 for salaried borrowers with pension/pensioners 65 for others.	₹25,000 net monthly salary, pension or income no minimum with 110% liquid term-deposit security, as under PNB Car Loan for Public.	Value awaiting review	Nil upfront/processing charge and nil documentation charge under PNB Pride.	As under PNB Car Loan for Public: floating rate nil fixed rate 2% of outstanding prepaid, with own-source and published rate/term-change exceptions.
SBI New Car LoanState Bank of India	8.40%–9.35% (fixed at disbursement)	8.25% 3-month reference the scheme rate is fixed at disbursement and does not reset with .	Up to 100% of on-road price, further constrained by income multiples and underwriting	Up to 84 months, with optional reduced for the first six or 12 months on qualifying tenors	₹3 lakh for specified employees and tax assessees ₹4 lakh for applicants engaged in agriculture and allied activities	Value awaiting review	By loan size: up to ₹5 lakh — ₹1,000 for salaried/pensioners or ₹1,500 for non-salaried above ₹5 lakh to ₹10 lakh — ₹2,000 or ₹2,500 above ₹10 lakh — ₹3,000 or ₹4,000 plus .	No prepayment charge no foreclosure charge after two years
SBI Pension LoanState Bank of India	11.30% p.a. for , Jai Jawan and pre-approved pension loans 11.30%-11.80% for Treasury/ variants	No external benchmark is published for the Pension Loan. The page publishes a fixed scheme rate of 11.30% p.a. for , Jai Jawan and pre-approved pension loans, and 11.30%–11.80% for Treasury/ variants.	Up to ₹20 lakh, subject to pension, /NMP and variant rules ↑	72 months through standing instructions from the pension account, subject to repayment by age 78	Value awaiting review	Eligible government, defence, paramilitary, , Treasury and family pensioners with qualifying pension-payment and PPO arrangements	Value awaiting review	2% of prepaid amount plus waived when closed from a new loan under the same scheme
SBI Pre-Approved Pension LoanState Bank of India	11.30% p.a., fixed for the loan tenure with no reset under pension-loan rate table	Value awaiting review	Up to ₹10 lakh	6 months to 84 months, depending on the product variant the available tenure is displayed during the application journey.	Value awaiting review	Only customers pre-selected using bank-defined parameters	Nil to ₹10,000 plus , depending on the product feature subject to revision.	A pre-payment penalty may apply depending on the product feature the applicable charge is shown in the Key Fact Statement.
Union Cash (Pensioner and Family Pensioner Loan)Union Bank of India	Current Union Cash table: + 2.10%, with effective 10.10% p.a. for the listed pensioner/family-pensioner special scheme the applicable tier depends on the current Union Bank rate table.	(Repo Rate), shown as 8.00% effective 13 June 2026 on Union Bank's current loans-and-advances rate page.	Pensioner: up to ₹10 lakh when age at loan is up to 70 years, or ₹5 lakh above 70 years. Family pensioner: up to ₹3 lakh.	Maximum repayment tenure is 5 years for pensioners and 3 years for family pensioners.	No fixed rupee monthly pension or annual-income threshold is published. Eligibility is assessed largely from pension, repayment capacity, age and credit-information record.	Union Cash is for pensioners and family pensioners. Loan eligibility is assessed largely from pension, repayment capacity, age and /Experian or other credit-information record. A spouse or specified nominee personal guarantee is required under the published .	The page requires a processing-fee cheque with a branch application but does not publish a numeric fee amount in the reviewed content.	No numeric prepayment or foreclosure charge is published on the reviewed Union Cash page.

Green marks the most favourable compatible published number or range in each column; incomparable units and overlapping range trade-offs remain neutral. It does not account for eligibility, service, exclusions or personal suitability.

← Compare all personal, home, vehicle & other loans