Car Loan

                        Being a Scheduled Bank, giving Loans and Advances is among our primary activities. Apart from our participation in meeting both Term Loan and Working Capital requirements of Agriculture sector, Trade and Service sector, Large/Medium and Small Scale Industries sector, Infrastructure sector etc. including taking care of their Export/Import and non-fund based needs like Letter of Credit, Bank Guarantee etc., we have a fairly large basket of loan products specially designed to suit your personal needs. Salient features of some of the more attractive Personal Loan Schemes & seven special schemes are described below.

Sr.No. Conditions Requirements
1. Maximum limit

The borrower will be eligible for the loan equivalent to 90% of the cost of the vehicle or 30 Basic Pays + Dearness Pay + Special Pay, whichever is less.

2. Eligibility

Permanent employees of Govt. of Haryana, Central Government and their Boards & Corporations, Cooperative Institutions University and other public sector undertakings who have completed at least 05 years of service.

3. Purposes For purchase of only new four wheeler/cars for personal use only. Pickup vans and all other commercial vehicles even if they are used for personal purpose are not covered under the scheme.
4. Repayment

Maximum of 84 equated monthly installment including interest.

5. Margin

10% of the total cost of car.

6. Security

The vehicle purchased will be hypothecated in favour of the bank ,The borrower will also provide at least one Post Dated Cheque as security for the entire loan amount sanctioned.

7. Rate of Interest

Rate of interest for all borrowers will be charged as per CIBIL Score.

For Public:-For New Car

Interest Rate

CIBIL Score 800 and above

                   8.50% PA

CIBIL Score 700 and below 800

                   8.75% P.A.

CIBIL Score 600 and below 700

                   9.00% P.A.

CIBIL Score below 600

                   Not accepted.

CIBIL Score 0 to -1

                   9.00% P.A.

CIBIL Score 1 to Upto 5

                   9.00% P.A.

For DCCB Bank Employees:-For New Car

CIBIL Score 800 and above

                   8.00% PA

CIBIL Score 700 and below 800

                   8.25% P.A.

CIBIL Score 600 and below 700

                   8.50% P.A.

CIBIL Score below 600

                   Not accepted.

CIBIL Score 0 to -1

                   9.00% P.A.

CIBIL Score 1 to Upto 5

                   9.00% P.A.

         8.          For DCCB Bank Employees For Old Car:-          11% P.A (Rate of Interest will be changeable from time to time)

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