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

Personal Loan

SI.No. Particulars Details
1 Purpose To Meet personal/family requirements.
2 Eligibility
  • All government /semi government employee.
  • Existing salary account holders.
3 Nature Term loan.
4 Loan Period Maximum 60 months or before retirement whichever is earlier.
5 Rate of Interest
  • 11 % for existing salary A/c holder.
  • 13 % for salaried A/C holder of other banks.
6 Penal interest 2 % over the normal rate of interest.
7 Maximum Loan Amount Maximum 5 lakh or upto 15 times of basic pay + DA whichever is less.
8 Security DDO’s undertaking that if borrower became defaulter than DDO will deduct the loan amount from the borrower’s salary and deposit the same in his loan A/c and two personal guarantees.
9 Processing fee 1 % of loan amount.
10 Repayment norms In the form of PDC’s/ECS.
11 Disbursement The loan amount may be credited to saving account of the borrower.