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Pension Loan

A pension-account-linked personal loan family for eligible pension recipients, with ordinary, Jai Jawan and Treasury/ variants, borrowing up to ₹20 lakh and repayment over as many as 72 months subject to age limits.

Current published rate range11.30% p.a. for SBI, Jai Jawan and pre-approved pension loans; 11.30%-11.80% for Treasury/PSU variantsPublished maximum loanUp to ₹20 lakh, subject to pension, EMI/NMP and variant rulesMaximum amountLoan ceiling up to ₹20 lakh
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Quick eligibility check

Pension Loan

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Are you this type of customer: Eligible government, defence, paramilitary, PSU, Treasury and family pensioners with qualifying SBI pension-payment and PPO arrangements?

Published source: Pensioner eligibility

2Does your age meet this requirement: Eligibility is tied to receiving pension through an SBI account/PPO arrangement, pensioner category, age and the stated EMI-to-net-pension rules?

Published source: Minimum income

3Do you meet this requirement: Pension-payment and PPO arrangements with SBI are central eligibility conditions?

4Are you this type of customer: Applicable pension-authority undertakings and spouse, family-member or third-party guarantee requirements must be satisfied?

5Does your age meet this requirement: The loan ordinarily must be repaid by age 78?

6Document checkDo you have this required document or proof: Pension Payment Order and SBI pension-account details?

Published source: Pensioner eligibility

7Document checkDo you have at least one of these required documents: Applicable Treasury or pension-authority undertaking and consent?

Published source: Pensioner eligibility

8Document checkDo you have at least one of these required documents: Spouse, eligible family-member or third-party guarantee documents where required?

Published source: Pensioner eligibility

9Document checkDo you have this required document or proof: KYC and current pension evidence requested during appraisal?

Published source: Pensioner eligibility
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 13 Aug 2026 · active
Offered byState Bank of India

Applications through branches and the published online application route, subject to pension-payment and PPO conditions

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan familySBI Pension Loan, Jai Jawan Pension Loan and Treasury/PSU pensioner variantsView source
The related variants are represented inside one published pension-loan family.
Source
Pension Loans
Page / section
Loan Repayment and rate table
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Pensioner eligibilityEligible government, defence, paramilitary, PSU, Treasury and family pensioners with qualifying SBI pension-payment and PPO arrangementsView source
Treasury mandates, transfer undertakings and guarantee requirements vary by pensioner type.
Source
Pension Loans
Page / section
Eligibility
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Published maximum loanUp to ₹20 lakh, subject to pension, EMI/NMP and variant rulesView source
The published maximum is not an entitlement and can be reduced by pension and age constraints.
Source
Pension Loans
Page / section
Features
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Age conditionsBelow age 76 at processing for the published pensioner groups; loan must ordinarily finish by age 78View source
Defence pensioners have no minimum age bar, but the maximum processing age still applies.
Source
Pension Loans
Page / section
Eligibility and Loan Repayment Period
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Current published rate range11.30% p.a. for SBI, Jai Jawan and pre-approved pension loans; 11.30%-11.80% for Treasury/PSU variantsEffective 15 Dec 2025View source
The page states the effective interest rate is fixed for the entire loan tenure with no reset.
Source
Pension Loans
Page / section
Pension Loan Schemes — Rate of Interest
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Maximum repayment72 months through standing instructions from the pension account, subject to repayment by age 78View source
The age-at-completion rule may shorten the available tenor.
Source
Pension Loans
Page / section
Loan Repayment Period and Terms
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
EMI to net monthly pension limitUp to 33% for family pensioners and 50% for other pensionersView source
The ratios constrain the sanctioned amount alongside the page's maximum.
Source
Pension Loans
Page / section
Terms and conditions
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Prepayment charge2% of prepaid amount plus GST; waived when closed from a new loan under the same schemeView source
Other charges should be confirmed in the sanction terms.
Source
Pension Loans
Page / section
Terms and conditions
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosure2% of prepaid amount plus GST; waived when closed from a new loan under the same schemeView source
Other charges should be confirmed in the sanction terms. This is the issuer-published prepaymentPenalty value shown under the comparison field “Prepayment / foreclosure”.
Source
Pension Loans
Page / section
Terms and conditions — comparison field: Prepayment / foreclosure
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Benchmark / reference rateNo external benchmark is published for the SBI Pension Loan. The page publishes a fixed scheme rate of 11.30% p.a. for SBI, Jai Jawan and pre-approved pension loans, and 11.30%–11.80% for Treasury/PSU variants.View source
The current page gives scheme rates and variant conditions but does not name an external benchmark or spread.
Source
Pension Loan — official product page
Page / section
Interest rate and variant table
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Loan typeSBI Pension Loan, Jai Jawan Pension Loan and Treasury/PSU pensioner variantsView source
The related variants are represented inside one published pension-loan family. This is the issuer-published facilityType value shown under the comparison field “Loan type”.
Source
Pension Loans
Page / section
Loan Repayment and rate table — comparison field: Loan type
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Maximum amountLoan ceiling up to ₹20 lakhView source
The manually reviewed product summary states: “Loan ceiling up to ₹20 lakh”.
Source
Pension Loan — official product page
Page / section
Published loan terms in product summary
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
TenureRepayment up to 72 monthsView source
The manually reviewed product summary states: “Repayment up to 72 months”.
Source
Pension Loan — official product page
Page / section
Published loan terms in product summary
Accessed
13 Aug 2026
Confidence
high
Open official source ↗

Benefits 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 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 pension-account details
  • Applicable Treasury or pension-authority undertaking and consent
  • Spouse, eligible family-member or third-party guarantee documents where required
  • and current pension evidence requested during appraisal

Related official documents

SBI Pension Loan — official product pageofficial-product-page · current · accessed 4 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Eligible customers · Published detailGovernment, defence, paramilitary, , Treasury and family pensioners with qualifying pension-payment and PPO arrangements.

This value is copied from Pension Loan — published terms. Check the table notes before relying on it.

Source: Loans to Pensioners — State Bank of India · Eligibility; Pension Loan Schemes rate table; Loan Repayment Period; Terms and conditions Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsSBI Pension Loan — published termsPensioner variants, eligibility, rates, amount, repayment and prepayment terms from SBI's official pension-loan page.View tableHide table

Scroll sideways to view every column

SBI Pension Loan — published terms
ParameterPublished detail
Eligible customersGovernment, defence, paramilitary, , Treasury and family pensioners with qualifying pension-payment and PPO arrangements.
AgeBelow age 76 at processing for the published pensioner groups; loan should ordinarily finish by age 78.
Variants Pension Loan, Jai Jawan Pension Loan, Treasury/ pensioner variants and the pre-approved pension loan.
Maximum loanUp to ₹20 lakh, subject to pension, /NMP and variant rules.
Interest rate11.30% p.a. for , Jai Jawan and pre-approved pension loans; 11.30%–11.80% for Treasury/ variants.
TenureUp to 72 months through standing instructions from the pension account, subject to repayment by age 78.
Repayment capacityUp to 33% for family pensioners and 50% for other pensioners.
Prepayment2% of prepaid amount plus ; waived when closed from a new loan under the same scheme.
Income / processing fee / No universal minimum pension or separate is published; no processing-fee amount or waiver is published on the reviewed page.
Loans to Pensioners — State Bank of India · Eligibility; Pension Loan Schemes rate table; Loan Repayment Period; Terms and conditions · accessed 31 Aug 2026Open official source ↗

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