The Dhanbad Central Co - Operative Bank Ltd.
Near Randhir Verma Chowk, Hirapur, Dhanbad, 826001
0326 - 2312041

Car Loan

SI.No. Particulars Details
1 Purpose To purchase car.
2 Eligibility
  • All government /semi government employee.
  • Existing salary account holders.
  • Applicant must be nominal member of bank.
3 Nature Term loan.
4 Loan Period Maximum 60 months or before retirement whichever is earlier.
5 Rate of Interest 10 %
6 Penal interest 2 % over the normal rate of interest.
7 Maximum Loan Amount 5 lakh or 85% of car price whichever is less.
8 Security
  • Hypothecation
  •  20 % liquid collateral security.
  • Two respected person personal guarantee.
9 Processing fee 1 % of loan amount.
10 Repayment norms In the form of PDC’s/ECS.
11 Disbursement Amount will be paid directly to dealer in the form of DD/ Cheque.