Apply Online for Pension Loan | Canara Bank Pension Loan

Purpose
- To meet the cost of medical expenses and other genuine personal needs of the Pensioners.

Quantum and Repayment

For General Public Pensioners/Family pensioners :

Age at the time of Loan Sanction	Maximum Loan Amount (24 months pension or Rs.)	Repayment Period	Age at the time of full Repayment
Below 60 years	15.00 lakhs	84 months	Up to 67 years
60 - 70 years	10.00 lakhs	60 months	Up to 75 years
70 - 75 years	5.00 lakhs	36 months	Up to 78 years

Processing charges
- 100 % waived.
Net Take Home
- NTH for Canara Bank Retired Pensioners/Family Pensioners is 40%.
Security
- In case of Loan to Pensioners: Co-obligation of the spouse (wherever there is a provision for family pension) or any other person/pensioner good for the amount to be stipulated by the sanctioning authority.
- In case of Loan to Family Pensioners: Third party guarantee/co-obligation good for the amount should be obtained invariably.

Stipulated Loan Application with 2 passport size photos of applicant / Co-applicant or guarantor.
KYC documents of applicant/Co-applicant or guarantor.
Proof of Residence (Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill etc., and others.

Canara Home Loan Plus