{"id":10488,"date":"2018-07-24T13:21:26","date_gmt":"2018-07-24T07:51:26","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=10488"},"modified":"2019-09-25T12:19:29","modified_gmt":"2019-09-25T06:49:29","slug":"canara-bank-loan-for-senior-citizen-scheme","status":"publish","type":"post","link":"https:\/\/www.antworksmoney.com\/blog\/canara-bank-loan-for-senior-citizen-scheme\/","title":{"rendered":"Canara Bank Loan for Senior Citizen Scheme"},"content":{"rendered":"<div class=\"product-content\">\n<p><strong>Loan for senior citizens offered by Canara Bank<\/strong>\u00a0can be used to meet various medical expenses besides any personal requirements of pensioners.<\/p>\n<h2>Who can avail of loan for senior citizen offered by Canara Bank?<\/h2>\n<p>Pensioners eligible to receive pension are listed below:<\/p>\n<ul>\n<li>Canara Bank pensioners<\/li>\n<li>Central government pensioners (e.g, railways, freedom fighters, defence, armed forces, defence civilians)<\/li>\n<li>State government pensioners<\/li>\n<li>Public sector undertakings\u2019 pensioners<\/li>\n<li>Family pensioners of deceased retired employees all the aforementioned categories<\/li>\n<\/ul>\n<h2>What is the minimum salary required to be eligible for Senior Citizen loan scheme?<\/h2>\n<p>The net take home income should be 40% excluding the equated monthly installment) of the loan<\/p>\n<h2>What are the terms associated with this loan?<\/h2>\n<p>The following table shows details regarding the guarantee to be offered under this scheme<\/p>\n<table class=\"table table-curved\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td><strong>Type of pensioners<\/strong><\/td>\n<td><strong>Guarantee<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Loan to pensioner<\/td>\n<td>Co-obligation of the spouse or another individual<\/td>\n<\/tr>\n<tr>\n<td>Family pensioner<\/td>\n<td>Co-obligation (third party)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>What is the maximum loan amount which can be availed under the Senior Citizen loan scheme?<\/h2>\n<p>The maximum loan amount which can be availed by pensioners under this scheme is Rs.2 lakhs or 10 months\u2019 pension. In case of retired employees of Canara Bank and its family pensioners, the amount may extended is Rs.2 lakhs for 15 months.<\/p>\n<div class=\"pull-right top-pad btm-pad tax-img-responsive\"><\/div>\n<h2>What is the interest rate charged by Canara Bank for Senior Citizen loan scheme?<\/h2>\n<p>The interest rate for all loan schemes offered by Canara Bank is based on its base rate. The interest rate offered by Canara Bank for this scheme is base rate +2.80% p.a (floating). The base rate of Canara Bank is 9.65% (October 2015).<\/p>\n<h2>What is the repayment period for Senior Citizen loan scheme?<\/h2>\n<p>The repayment period for pensioners below 65 years is 60 EMIs while for those above 65 years is 48 EMIs.<\/p>\n<h2>How can one apply for Senior Citizen loan scheme?<\/h2>\n<p>Customers can apply and track the status of their loan application online at the official website of Canara Bank.<\/p>\n<h2>What are the proceeding charges to be incurred under Senior Citizen loan scheme?<\/h2>\n<p>Canara Bank does not impose any processing charges for senior citizen loan scheme.<\/p>\n<\/div>\n<div class=\"row btm-pad\">\n<div class=\"container product-interlinks\">\n<div class=\"clearfix\"><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Loan for senior citizens offered by Canara Bank\u00a0can be used to meet various medical expenses besides any personal requirements of pensioners. Who can avail of loan for senior citizen offered by Canara Bank? Pensioners eligible to receive pension are listed below: Canara Bank pensioners Central government pensioners (e.g, railways, freedom fighters, defence, armed forces, defence &hellip; <a href=\"https:\/\/www.antworksmoney.com\/blog\/canara-bank-loan-for-senior-citizen-scheme\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Canara Bank Loan for Senior Citizen Scheme&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10488","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Antworks Money &#8211;  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\/canara-bank-loan-for-senior-citizen-scheme\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:description\" content=\"Loan for senior citizens offered by Canara Bank\u00a0can be used to meet various medical expenses besides any personal requirements of pensioners. Who can avail of loan for senior citizen offered by Canara Bank? Pensioners eligible to receive pension are listed below: Canara Bank pensioners Central government pensioners (e.g, railways, freedom fighters, defence, armed forces, defence &hellip; Continue reading &quot;Canara Bank Loan for Senior Citizen Scheme&quot;\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.antworksmoney.com\/blog\/canara-bank-loan-for-senior-citizen-scheme\/\" \/>\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 property=\"article:author\" content=\"https:\/\/www.facebook.com\/antworksmoney\" \/>\r\n<meta property=\"article:published_time\" content=\"2018-07-24T07:51:26+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2019-09-25T06:49:29+00:00\" \/>\r\n<meta name=\"author\" content=\"Team Antworks\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@AntworksMoney\" \/>\r\n<meta name=\"twitter:site\" content=\"@AntworksMoney\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Antworks\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/canara-bank-loan-for-senior-citizen-scheme\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/canara-bank-loan-for-senior-citizen-scheme\/\"},\"author\":{\"name\":\"Team Antworks\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#\/schema\/person\/99145cefcc01e42af38c385eeecef0b7\"},\"headline\":\"Canara Bank Loan for Senior Citizen Scheme\",\"datePublished\":\"2018-07-24T07:51:26+00:00\",\"dateModified\":\"2019-09-25T06:49:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/canara-bank-loan-for-senior-citizen-scheme\/\"},\"wordCount\":343,\"publisher\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/canara-bank-loan-for-senior-citizen-scheme\/\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/canara-bank-loan-for-senior-citizen-scheme\/\",\"name\":\"\",\"isPartOf\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\"},\"datePublished\":\"2018-07-24T07:51:26+00:00\",\"dateModified\":\"2019-09-25T06:49:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/canara-bank-loan-for-senior-citizen-scheme\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.antworksmoney.com\/blog\/canara-bank-loan-for-senior-citizen-scheme\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/canara-bank-loan-for-senior-citizen-scheme\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.antworksmoney.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canara Bank Loan for Senior Citizen Scheme\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.antworksmoney.com\/blog\/#website\",\"url\":\"https:\/\/www.antworksmoney.com\/blog\/\",\"name\":\"Antworks Money - 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