Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Loan familySBI Pension Loan, Jai Jawan Pension Loan and Treasury/PSU pensioner variants
Source 1Pensioner eligibilityEligible government, defence, paramilitary, PSU, Treasury and family pensioners with qualifying SBI pension-payment and PPO arrangements
Source 2Published maximum loanUp to ₹20 lakh, subject to pension, EMI/
Source 3Age conditionsBelow age 76 at processing for the published pensioner groups; loan must ordinarily finish by age 78
Source 4Current published rate range11.30% p.a. for SBI, Jai Jawan and pre-approved pension loans; 11.30%-11.80% for Treasury/
Source 5Maximum repayment72 months through standing instructions from the pension account, subject to repayment by age 78
Source 6EMI to net monthly pension limitUp to 33% for family pensioners and 50% for other pensioners
Source 7Prepayment charge2% of prepaid amount plus GST; waived when closed from a new loan under the same scheme
Source 8Benefits and features
- Loan ceiling up to ₹20 lakh
- Repayment up to 72 months
- Fixed effective rate for the loan tenure
- Branch and online application routes
- Multiple government, defence and pension-authority variants
Eligibility
- Pension-payment and PPO arrangements with SBI are central eligibility conditions.
- Applicable pension-authority undertakings and spouse, family-member or third-party guarantee requirements must be satisfied.
- The loan ordinarily must be repaid by age 78.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Pension Payment Order and SBI pension-account details
- Applicable Treasury or pension-authority undertaking and consent
- Spouse, eligible family-member or third-party guarantee documents where required
- KYC and current pension evidence requested during appraisal