For all the pensioners State Bank of Travancore has come up with a new loan product. The bank has launched an exclusive loan scheme for the pensioners at a function held at the headquarters of the bank.

All the SBT bank retirees of State and Central Governments, all public sector undertakings, banks, and defence services can avail the benefit of this scheme. In this campaign bank has provide full waiver of processing charges for the loans that will be sanctioned during this period. The customers can enjoy this offer up to 30th June, 14.

The bank has reported that the for the service pensioners bank will provide a loan up to Rs 7.5 lakh, family pensioners are also covered under the new pension product with a maximum eligible loan of Rs 1 lakh.