Druk PNB Bank Limited(DPNBL) incorporated in Bhutan is a Joint Venture Bank with 51% share holding by Punjab National Bank, a leading public sector Bank in India.

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Loan to Pensioners

ELIGIBILITY
All type of pensioners drawing their pension through our branches.
Further, pensioners who are above the age of 75 years shall be eligible for a loan amount of Nu 50,000/- only.

PURPOSE
To meet personal needs including medical expenses

LOAN AMOUNT
Maximum amount of loan shall be Nu 0.10 million or amount equivalent to 18 months? net pension, whichever is lower. The amount of pension of prospective borrower after deduction of monthly installment of loan and other recoveries should, however, not be less than 50% of monthly pension.

MARGIN
Nil

REPAYMENT OF LOAN
Loan alongwith interest is to be repaid in maximum 60 equal monthly installments. The installment is to commence one month after disbursal of loan.
In respect of pensioners above the age of 75 years repayment period shall be maximum of 24 months.
The installments will be deducted from the pension at the time of payment of pension for which a letter of authority shall be obtained from the Pensioner.

DISBURSEMENT
The amount may be credited to Saving/Current Account of the pensioner.

For more details and other formalities contact nearest branch head.

To Download application form please click here

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