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

Pensioners

ELIGIBILITY

All type of pensioners drawing their pension through our branches.

PURPOSE
To meet personal needs including medical expenses

Amount of Loan

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.

Further, pensioners who are above the age of 75 years shall be eligible for a loan amount of Nu 50,000/- only.

Rate of Interest. 

All type of pensioners drawing their pension through our branches.

9.25 %

MARGIN

Nil

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

Repayment

Loan along with 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 instalments 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. 

Guarantor

Guarantee of the spouse / any other individual with satisfactory credibility and acceptable to the bank.

For more details and other formalities contact nearest branch head.

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