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IB Pension Loan

Personal finance for eligible pensioners whose pension account is maintained with Indian Bank, with amount linked to monthly pension credit and repayment up to 10 years subject to exit-age rules.

Interest rate9.90%–10.15% p.a. floating for Pension Loan in Indian Bank's current personal-segment rate table dated 14 August 2026.Maximum amountRegular pensioner: up to 18 times monthly pension credit. Family pensioner: up to 12 times monthly pension credit.Repayment tenureMaximum 10 years, subject to the applicable maximum exit age: 78 years for regular pensioners and 75 years for family pensioners.
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Quick eligibility check

IB 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.

1Do you meet this requirement: Eligibility requires an eligible pension credited through an Indian Bank branch, and the loan amount is tied to monthly pension credit?

Published source: Minimum income

2Do you meet this requirement: Central or State Government pensioners, family pensioners, re-employed pensioners and Indian Bank retirees under VRS or superannuation whose pension accounts are maintained with an Indian Bank branch?

Published source: Eligibility

3Does your age meet this requirement: Regular pensioner maximum entry age is 75 and exit age 78?

Published source: Eligibility

4Does your age meet this requirement: family pensioner maximum entry age is 72 and exit age 75?

Published source: Eligibility

5Do you meet this requirement: CRS retirees and EPF pensioners are excluded?

Published source: Eligibility

6Document checkDo you have this required document or proof: Pensioner's portion of PPO?

Published source: Required documents

7Document checkDo you have this required document or proof: Authority to recover the monthly instalment from the pension SB account?

Published source: Required documents

8Document checkDo you have this required document or proof: Acceptable guarantor?

Published source: Required documents

9Document checkDo you have this required document or proof: Intimation to the pension-paying authority?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India; pension account must be maintained with an Indian Bank branch

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 typeUnsecured personal loan for eligible government, family and Indian Bank pensioners, supported by pension-account recovery and a guarantor.View source
The page describes a pensioner loan with recovery from the pension account and a suitable guarantor.
Source
IB Pension Loan — Indian Bank
Page / section
Key Features; Security/Documents required
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rate9.90%–10.15% p.a. floating for Pension Loan in Indian Bank's current personal-segment rate table dated 14 August 2026.View source
The current floating-rate table lists Pension Loan at 9.90% to 10.15% p.a.
Source
Interest Rates on Personal Segment Loan Products: Floating — Indian Bank
Page / section
Pension Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkThe Pension Loan row is labelled floating but the current official table does not identify a named benchmark or spread.View source
The official row publishes the floating range without a named benchmark.
Source
Indian Bank Pension Loan rate review
Page / section
Pension Loan rate row
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage or APR calculation is published on the IB Pension Loan page or current floating-rate table.View source
The reviewed sources publish the interest rate but no calculation.
Source
Indian Bank Pension Loan review
Page / section
Interest Rate; complete Key Features table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo separate rupee income floor is published. Eligibility requires an eligible pension credited through an Indian Bank branch, and the loan amount is tied to monthly pension credit.View source
The official page defines pensioner types and a pension-credit multiple, not a universal minimum monthly income.
Source
IB Pension Loan — Indian Bank
Page / section
Eligibility; Quantum of loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountRegular pensioner: up to 18 times monthly pension credit. Family pensioner: up to 12 times monthly pension credit.View source
The quantum table publishes the 18-times and 12-times monthly-pension limits.
Source
IB Pension Loan — Indian Bank
Page / section
Quantum of loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Repayment tenureMaximum 10 years, subject to the applicable maximum exit age: 78 years for regular pensioners and 75 years for family pensioners.View source
The official age and repayment rows make the 10-year term subject to exit-age criteria.
Source
IB Pension Loan — Indian Bank
Page / section
Age; Repayment Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeNil for loan amounts up to ₹25,000; ₹250 above ₹25,000 under the current Indian Bank personal-segment processing-fee schedule.View source
The current schedule lists nil up to ₹25,000 and ₹250 above that threshold.
Source
Processing Fee on Personal Segment Loan Products — Indian Bank
Page / section
Pension Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureThe current IB Pension Loan page and linked current processing-fee schedule do not state a separate prepayment or foreclosure charge.View source
The complete product page and current fee schedule were reviewed; neither states a separate prepayment amount.
Source
Indian Bank Pension Loan prepayment review
Page / section
Complete Key Features table; current processing-fee schedule
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityCentral or State Government pensioners, family pensioners, re-employed pensioners and Indian Bank retirees under VRS or superannuation whose pension accounts are maintained with an Indian Bank branch. Regular pensioner maximum entry age is 75 and exit age 78; family pensioner maximum entry age is 72 and exit age 75. CRS retirees and EPF pensioners are excluded.View source
The eligibility and age rows enumerate pensioner types, age caps and excluded pension categories.
Source
IB Pension Loan — Indian Bank
Page / section
Eligibility; Age
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsPensioner's portion of PPO, authority to recover the monthly loan instalment from the SB account where pension is credited, suitable guarantor acceptable to the bank and intimation to PPA.View source
The official document list names the PPO portion, recovery authority, guarantor and PPA intimation.
Source
IB Pension Loan — Indian Bank
Page / section
Security/Documents required
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsCentral or State Government pensioners, family pensioners, re-employed pensioners and Indian Bank retirees under VRS or superannuation whose pension accounts are maintained with an Indian Bank branch. Regular pensioner maximum entry age is 75 and exit age 78; family pensioner maximum entry age is 72 and exit age 75. CRS retirees and EPF pensioners are excluded.View source
The manually reviewed product record states: “Central or State Government pensioners, family pensioners, re-employed pensioners and Indian Bank retirees under VRS or superannuation whose pension accounts are maintained with an Indian Bank branch. Regular pensioner maximum entry age is 75 and exit age 78; family pensioner maximum entry age is 72 and exit age 75. CRS retirees and pensioners are excluded.”.
Source
IB Pension Loan — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Regular pensioner: maximum 18 times monthly pension credit
  • Family pensioner: maximum 12 times monthly pension credit
  • Up to 10-year repayment subject to maximum exit age
  • Nil margin; permitted uses include medical, education, family, domestic and marriage expenses

Eligibility

  • Regular pensioners may enter up to age 75 and must repay by age 78; family pensioners may enter up to age 72 and must repay by age 75.
  • CRS retirees and pensioners are not eligible; pension must be credited through an Indian Bank branch.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Pensioner's portion of PPO
  • Authority to recover the monthly instalment from the pension account
  • Acceptable guarantor
  • Intimation to the pension-paying authority

Related official documents

IB Pension Loan — Indian Bank official product pageofficial-product-page · current · accessed 31 Aug 2026
↗
Processing Fee on Personal Segment Loan Products — Indian Bankofficial-fee-schedule · current · accessed 31 Aug 2026
↗
Interest Rates on Personal Segment Loan Products: Floating — Indian Bankofficial-rate-table · current · accessed 31 Aug 2026
↗

Plan before applying

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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

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Eligible pensioners · Published detailCentral/State Government, family, re-employed and Indian Bank retirees with pension maintained at an Indian Bank branch; CRS and pensioners excluded.

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

Source: IB Pension Loan — Indian Bank · Complete Key Features and current rate/fee schedules Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 10 rows · 2 columnsIB Pension Loan — published termsCurrent Indian Bank pension-loan eligibility, age, quantum, repayment, rate, charges and documents.View tableHide table

Scroll sideways to view every column

IB Pension Loan — published terms
ParameterPublished detail
Eligible pensionersCentral/State Government, family, re-employed and Indian Bank retirees with pension maintained at an Indian Bank branch; CRS and pensioners excluded.
AgeRegular: maximum entry 75, exit 78. Family: maximum entry 72, exit 75. No specific minimum entry age.
PurposeMedical, education, family and domestic functions, marriage and other stated personal expenses.
QuantumRegular pensioner up to 18× monthly pension credit; family pensioner up to 12×.
MarginNil.
RepaymentUp to 10 years, subject to exit-age criteria.
Rate9.90%–10.15% p.a. floating in the current Indian Bank rate table.
Processing feeNil up to ₹25,000; ₹250 above ₹25,000.
Documents/securityPensioner's PPO portion, recovery authority from pension account, suitable guarantor and PPA intimation.
PrepaymentNo separate prepayment charge is stated on the reviewed current page or fee schedule.
IB Pension Loan — Indian Bank · Complete Key Features and current rate/fee schedules · accessed 31 Aug 2026Open official source ↗

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