IFSC- IFSC - UTIB0SGCB01, ATM Help Line No. +91 8376801202
This scheme is designed to meet personal financial needs of government employees — such as education, medical treatment, travel, and family-related expenses. With flexible repayment terms and competitive rates, this loan is a convenient financial solution for eligible employees.
Confirmed/permanent employees of State or Central Govt., Boards, Corporations, or Undertakings.
Place of posting must be in District Mahendragarh.
Posts not transferable outside Haryana or Chandigarh.
Minimum 3 years of completed service required.
Employees under suspension or those posted at branches with >5% NPAs in this segment are not eligible.
Education expenses
Marriage of children
Foreign travel
Medical emergencies
Other personal or family-related needs
| Particular | Details |
|---|---|
| Loan Type | Term Loan / Overdraft |
| Loan Amount | ₹50,000 to ₹15,00,000 or 15× gross salary (whichever is lower) |
| Tenure | Up to 60 months or residual service period |
| Margin | Nil |
| Repayment | Monthly EMIs or overdraft with reducing Drawing Power |
Interest rates are subject to change. Please check the latest applicable rates on our Loan Interest Rate page.
If salary account is NOT with DCCB/Harcobank
CIBIL 800+: 11.75% p.a.
CIBIL 700–799: 12.00% p.a.
CIBIL 600–699: 12.25% p.a.
CIBIL 0 to 5 or –1: 12.50% p.a.
Below 600: Not eligible
If salary account IS with DCCB/Harcobank
CIBIL 800+: 11.50% p.a.
CIBIL 700–799: 11.75% p.a.
CIBIL 600–699: 12.00% p.a.
CIBIL 0 to 5 or –1: 12.25% p.a.
Below 600: Not eligible
DCCB & Harcobank Staff
CIBIL 800+: 10.00% p.a.
CIBIL 700–799: 10.25% p.a.
CIBIL 600–699: 10.50% p.a.
CIBIL 0 to 5 or –1: 11.50% p.a.
Note:
0.25% concession if salary is deducted by employer and remitted to the bank (check-off facility).
1% additional interest if the borrower shifts their salary account to another bank after loan sanction.
| Charge Type | Amount |
|---|---|
| Processing Fee (Public) | 0.50% of loan (min ₹500, max ₹5,000) + taxes |
| Processing Fee (Bank Staff) | NIL |
| Penal Interest | 3% p.a. on overdue amount after 15 days |
| Late Payment Fee | ₹250 + taxes |
| Cheque Bounce | ₹250 + taxes |
| Prepayment Charges | NIL |
Third-party guarantee required if salary is not with DCCB/Harcobank
Loan insurance or third-party guarantee for DCCB/Harcobank account holders (except staff)
Post-dated cheques (PDCs) if check-off facility is not available
Guarantors must have CIBIL score above 600
Minimum gross monthly income: ₹20,000
Carry-home salary must be:
≥50% for annual salary up to ₹10 lakh
≥40% for annual salary above ₹10 lakh
All loans subject to KYC verification and credit appraisal
Advance cheques or check-off letter from employer required
Borrower must not take a similar loan from any bank until this is repaid
Loan must be disbursed within one month from sanction
Loan approval at the sole discretion of the bank
Loan application form (Annexure I)
Term loan agreement (Annexure II)
Guarantee deed (Annexure III, if applicable)
Salary deduction authority letter (Annexure IV)
Advance cheques and letter of deposit (Annexure V)
Affidavit of no parallel loan (Annexure VI)
Loan sanction letter (Annexure VII)
ITRs of last 3 years (if applicable)
Last 6 months’ bank statement
Last 3 months’ salary slips
PAN Card and Aadhaar
ID, age, and address proof
Must be posted in District Mahendragarh at time of loan
In case of transfer, loan will be recovered via LPC or PDCs
For more information or to apply, please visit your nearest branch of
The Mahendragarh Central Cooperative Bank Ltd., Mahendragarh
