{"id":3929,"date":"2018-05-14T09:44:35","date_gmt":"2018-05-14T04:14:35","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=3929"},"modified":"2018-05-14T09:44:35","modified_gmt":"2018-05-14T04:14:35","slug":"loans-defence-personnel","status":"publish","type":"page","link":"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/","title":{"rendered":"Loans for Defence Personnel"},"content":{"rendered":"<p>Many banks in India have come up with special loan schemes for the army and defence personnel of the nation. These loan schemes offer finances to defence personnel\u2019s to suit their loan requirements.<\/p>\n<h2>Oriental Bank of Commerce Loan for Defence Personnel<\/h2>\n<p>Oriental Bank of Commerce is well known for its wide range of unique and efficient financial products. The bank offers a special loan scheme for defence personnel in India. The loan to Defence Personnel by OBC is a\u00a0<a title=\"personal loan\" href=\"https:\/\/www.bankbazaar.com\/personal-loan.html\">personal loan<\/a>\u00a0scheme that offers finance to meet personal expenses incurred from weddings, family function, education and more. Working Defence Personnel with minimum of one year of service, personnel of paramilitary forces like BSF, ITBP, CRPF, Coastal Guards, CISF, Assam\/ J&amp;K Rifles are eligible for the loan. Listed below are the main features and fees\/charges of the loan:<\/p>\n<ul>\n<li><strong>Amount of loan<\/strong>&#8211; 15 times of Net take home monthly salary subject to following ceilings:\n<ul>\n<li>Maximum upto Rs.3 lakh for commissioned officers<\/li>\n<li>Maximum upto Rs.2.50 lakh for junior commissioned officers<\/li>\n<li>Maximum upto Rs.1.50 lakh for non-commissioned officers<\/li>\n<\/ul>\n<\/li>\n<li><strong>Security<\/strong>&#8211; Charge over assets acquired out of the loan.<\/li>\n<li><strong>Repayment<\/strong>&#8211; Equal to the period of stay (within 36 months).<\/li>\n<li><strong>Processing fee<\/strong>&#8211; 0.50% of the loan amount subject to a minimum of Rs.500.<\/li>\n<li><strong>Margin<\/strong>&#8211; Nil<\/li>\n<li><strong>Documentation charges<\/strong>&#8211; Nil.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>SBI Shaurya Home Loan<\/h2>\n<p>SBI Shaurya Home loan is a\u00a0home loan\u00a0scheme designed specifically for the army and defence personnel of the nation. Only defence and army employees are eligible for this home loan scheme. The defence personnel\u2019s can avail benefits such as low rate of interest and various other benefits from this home loan that they probably wouldn\u2019t get in regular home loans. Long tenure and easy repayment option is another added advantage of the home loan scheme. Listed below are the main features and fees\/charges of the loan:<\/p>\n<ul>\n<li><strong>Interest rate benefit<\/strong>&#8211; 5 bps lower than normal interest rate by SBI.<\/li>\n<li><strong>Processing fees of the loan<\/strong>&#8211; Waived.<\/li>\n<li><strong>Maximum age of applicant for repayment<\/strong>&#8211; 75 years<\/li>\n<li><strong>Maximum loan term<\/strong>&#8211; 30 years<\/li>\n<li><strong>Other benefits<\/strong>&#8211; Option to switch over from other bank home loan.<\/li>\n<\/ul>\n<p>These are some of the famous loans for defence personnel in India. Though there aren\u2019t many loan options that cater only to the defence personnel, many banks offer special rates and additional benefits in their regular loan schemes for the defence personnel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many banks in India have come up with special loan schemes for the army and defence personnel of the nation. These loan schemes offer finances to defence personnel\u2019s to suit their loan requirements. Oriental Bank of Commerce Loan for Defence Personnel Oriental Bank of Commerce is well known for its wide range of unique and &hellip; <a href=\"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Loans for Defence Personnel&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3929","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Loans for Defence Personnel | Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Loans for Defence Personnel | Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\" \/>\r\n<meta property=\"og:description\" content=\"Many banks in India have come up with special loan schemes for the army and defence personnel of the nation. These loan schemes offer finances to defence personnel\u2019s to suit their loan requirements. Oriental Bank of Commerce Loan for Defence Personnel Oriental Bank of Commerce is well known for its wide range of unique and &hellip; Continue reading &quot;Loans for Defence Personnel&quot;\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antworksmoney\/\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:site\" content=\"@AntworksMoney\" \/>\r\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/\",\"name\":\"Loans for Defence Personnel | Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\",\"isPartOf\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\"},\"datePublished\":\"2018-05-14T04:14:35+00:00\",\"dateModified\":\"2018-05-14T04:14:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.antworksmoney.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Loans for Defence Personnel\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/\",\"name\":\"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.antworksmoney.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\",\"name\":\"antworksmoney.com\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg\",\"contentUrl\":\"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg\",\"width\":335,\"height\":328,\"caption\":\"antworksmoney.com\"},\"image\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/antworksmoney\/\",\"https:\/\/twitter.com\/AntworksMoney\",\"https:\/\/www.linkedin.com\/company\/13288601\/\",\"https:\/\/in.pinterest.com\/antworksmoney\"]}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Loans for Defence Personnel | Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/","og_locale":"en_US","og_type":"article","og_title":"Loans for Defence Personnel | Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","og_description":"Many banks in India have come up with special loan schemes for the army and defence personnel of the nation. These loan schemes offer finances to defence personnel\u2019s to suit their loan requirements. Oriental Bank of Commerce Loan for Defence Personnel Oriental Bank of Commerce is well known for its wide range of unique and &hellip; Continue reading \"Loans for Defence Personnel\"","og_url":"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/","og_site_name":"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","article_publisher":"https:\/\/www.facebook.com\/antworksmoney\/","twitter_card":"summary_large_image","twitter_site":"@AntworksMoney","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/","url":"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/","name":"Loans for Defence Personnel | Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","isPartOf":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#website"},"datePublished":"2018-05-14T04:14:35+00:00","dateModified":"2018-05-14T04:14:35+00:00","breadcrumb":{"@id":"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.antworksmoney.com\/blog\/loans-defence-personnel\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.antworksmoney.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Loans for Defence Personnel"}]},{"@type":"WebSite","@id":"https:\/\/www.antworksmoney.com\/blog\/#website","url":"https:\/\/www.antworksmoney.com\/blog\/","name":"Antworks Money - The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments","description":"","publisher":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.antworksmoney.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.antworksmoney.com\/blog\/#organization","name":"antworksmoney.com","url":"https:\/\/www.antworksmoney.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg","contentUrl":"https:\/\/www.antworksmoney.com\/blog\/wp-content\/uploads\/2018\/03\/Logo-AntworksMoney.jpg","width":335,"height":328,"caption":"antworksmoney.com"},"image":{"@id":"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/antworksmoney\/","https:\/\/twitter.com\/AntworksMoney","https:\/\/www.linkedin.com\/company\/13288601\/","https:\/\/in.pinterest.com\/antworksmoney"]}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/pages\/3929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=3929"}],"version-history":[{"count":0,"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/pages\/3929\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.antworksmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=3929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}