Pension Loan
Worry and hassle-free access to funds!
U Bank offers the Pension Loan facility of up to PKR 350,000 for pensioners (Government & Semi-Government). With equal monthly installments, the Pension Loan can easily fund the personal and business financial needs of pensioners.
Salient Features
Loan Facility: PKR 30,000 to PKR 350,000
Loan Tenure: Up to 60 months
Repayment in Equal Monthly Installments
Required Documents
- Original CNIC
- Passport-sized photograph
- Pension book
Terms and Conditions are applicable
FAQs
Who can apply for this loan?
Any resident Pakistani with a valid CNIC/NICOP
What is the eligibility criteria?
The applicant must be a pensioner
Is there any age limit for the borrower to avail this loan?
The age limit requirement is 18 – 68 years at the time of loan application and loan maturity respectively
What is the procedure to apply for this loan?
The customer will be required to follow the following steps:
- Visit the nearest U Bank branch
- Provide the required KYC documents
- Sign the loan application form and submit
What documents are required to apply for this loan?
The following documents are required:
- Valid CNIC
- One passport-size photograph
- Copy of pension book
What kind of processing charges are there?
- Loan Application Fee
- Processing Fee
What kind of collateral is required for this loan?
Transfer of pension to U Bank
For what purpose can I receive this loan?
Business, personal, agriculture