📈 Union Bank Launches Special Rs. 8 Million Pension Loan Scheme

• Overview: Union Bank has introduced the 'Union Bank Pension Loan' targeting Government pensioners, widow pensioners, Central Bank retirees, and non-service armed forces members to provide greater financial freedom during retirement. • Key Features & Borrowing Limits: • Eligible individuals can borrow up to Rs. 8 million with an extended repayment period of up to 15 years. • The facility features low interest rates, fast approvals, and requires no personal guarantors. • Proceeds can be utilized for housing, personal expenses, or income-generating avenues. • Value-Added Benefits: • Recipients receive annual PickMe travel rides worth Rs. 30,000. • A yearly health package valued at Rs. 7,000 is included, covering medical screenings at Nawaloka Hospitals and cashback for medicine during their birthday month. • Borrowers will also receive a pre-approved Union Bank Credit Card to serve as a financial safety cushion.