IFSC- IFSC - UTIB0SGCB01, ATM Help Line No. +91 8376801202
Pensioners drawing pension from DCCB Mahendragarh branches.
Includes family pensioners and retired bank staff.
Must reside in District Mahendragarh at the time of application.
Branch must have NPA < 5% to process new loans.
For personal needs, including medical expenses.
Maximum ₹10,00,000 or 15 times monthly pension, whichever is lower.
Term Loan or Overdraft with reducing Drawing Power (DP).
Nil
Fixed for 2 years, reviewed every 2 years thereafter.
Rates based on CIBIL score:
For General Pensioners:
| CIBIL Score | Interest Rate |
|---|---|
| 800 & above | 11.25% p.a. |
| 700 – 799 | 11.50% p.a. |
| 600 – 699 | 11.75% p.a. |
| Below 600 | Not eligible |
| Score 0 to -1 / 1–5 | 12.00% p.a. |
For Bank Staff Pensioners:
| CIBIL Score | Interest Rate |
|---|---|
| 800 & above | 9.75% p.a. |
| 700 – 799 | 10.00% p.a. |
| 600 – 699 | 10.25% p.a. |
| Below 600 | Not eligible |
| Score 0 to -1 / 1–5 | 11.25% p.a. |
Note: If the pension account is shifted to another bank, 2% extra interest will apply.
3% p.a. extra interest on overdue amount after 15 days.
Late fee: ₹250 + taxes.
Cheque bounce: ₹250 + taxes.
General Public: 0.50% of loan (min ₹500 + taxes)
Bank Staff: No charges
NIL
Max 60 months or up to age 70, whichever comes first.
Installments deducted from pension account.
Guarantee from spouse (if eligible for family pension), another family member, or third party with acceptable income.
Loan credited to pensioner’s Savings/Current Account.
Loan allowed again only after full repayment of previous.
Net pension after EMI must be at least 50% of gross pension.
Mandatory KYC and Rs. 5 affidavit (no duplicate loans).
Residence verification & post-dated cheques (minimum 3).
Discretion to approve/reject lies with the Bank.
Disbursement must be done within one month of sanction.
Minor credit card default (≤ ₹1,000) → Higher-level approval needed.
Major credit card default (> ₹1,000) → Loan not allowed.
Up to 3 months' EMI of loans from other banks can be ignored for eligibility.
Loan application (Annexure-II)
Letter of authority for pension deduction (Annexure-III/IV)
Loan agreement (Term/OD) (Annexure-V/VI)
Guarantee deed (Annexure-VII)
Promissory Note (Annexure-VIII)
