Enter your monthly pension, age and pensioner type. See your eligible amount, EMI and tenure — and, more usefully, which rule is limiting you.
Modeled on the public SBI Pension Loan scheme structure (age-slab caps, EMI-to-pension ceilings, tenure limits) as of July 2026. Caps, rates and slabs revise periodically — confirm current terms at your pension-paying branch or on sbi.co.in before deciding.
Branches rarely explain this — your sanction is the minimum of three independent limits:
A multiple of your net monthly pension — typically up to 18 months' pension, reducing as your age slab increases.
An absolute ceiling that steps down with age — the older the borrower, the lower the maximum, so the loan closes before the age-at-maturity cutoff.
Your EMI can't exceed ~50% of net monthly pension (~33% for family pensioners). This often binds before the caps do — the calculator shows you when.
Pensioners drawing their pension through the lending bank — central and state government pensioners, defence pensioners, and family pensioners. The pension account must be with the bank you're applying to, and your age at loan maturity must be within the scheme's cutoff (typically around 76–78 years, depending on category).
Three independent limits: a multiple of your net monthly pension (typically up to 18 months' pension), an absolute cap that reduces with your age slab, and your EMI capacity (EMI capped at roughly 50% of monthly pension, 33% for family pensioners). Your eligible amount is the lowest of the three.
No — family pensioners typically face a lower absolute cap and a stricter EMI ceiling (around 33% of monthly pension instead of 50%), which usually results in a materially smaller eligible amount for the same pension.
Typically: the pension payment order (PPO), proof of age, the pension account passbook, and a standard loan application. Since the pension is credited to the same bank, income verification is largely internal — which is why processing is usually fast.
No. It's an illustrative estimate based on the publicly known structure of pension loan schemes. Actual sanction depends on the bank's current scheme terms, your repayment history, and branch-level verification. Always confirm at your pension-paying branch.