DCB Bank Pension Loan Features

DCB Pension Loan Interest Rate 13% p.a.
DCB Pension Loan Processing Fee 1% of the loan amount
DCB Pension Loan Tenure 36 months
Pension Loan Amount Minimum 50,000
Pension Loan Amount Max 8 Lakh
Family Pension Loan Amount Minimum 1 Lakh
Family Pension Loan Amount Max. 5 Lakh
DCB Prepayment Charges 3% of the loan amount
DCB Foreclosure Charges 3% of the loan amount

DCB Bank Pension Loan Eligibility

To apply for a pension loan the borrower must have its account opened with the PSU, Centre, or State government. He must draw his monthly pension from the bank branch and must save up to a minimum of 60% of his pension after paying the loan installments. 

DCB Bank Pension Loan Eligibility for Central and State Government Pensioners

Eligibility Criteria Key Features
Employer Type Central and State Government
Applicant’s Age Below 76 years of age
Account Type Pension payment order maintained by Bank
Treasury Terms Written consent from the treasurer not to accept any pension transfer requests
Guarantee Terms By the spouse (eligible for a family pension) or any other third party

DCB Bank Pension Loan Eligibility For Defence Pensioners

Eligibility Criteria Key Features
Employer Type Armed Forces, Paramilitary Forces, Coast Guards, Rashtriya Rifles, Assam Rifles
Applicant’s Age Below 76 years of age
Account Type Pension payment order maintained by Bank
Treasury Terms Not applicable
Guarantee Terms Not applicable

DCB Bank Pension Loan Eligibility For Family Pensioners

Eligibility Criteria Key Features
Employer Type Central and State Governments including all Armed Forces
Applicant’s Age Below 76 years of age
Account Type Pension payment order maintained by Bank
Treasury Terms Not applicable
Guarantee Terms Authorized members of the family under the family pension scheme

Maximum Eligible Loan Amount and repayments

For Central and State Government Pensioners:

Age Max Loan Amount (18 months Pension or Less) Repayment Period Age at the time of full Repayment
Below 72 years ₹ 14.00 Lakh 60 months Up to 77 years
72 – 74 years ₹ 12.00 Lakh 48 months Up to 78 years
74 – 76 years ₹ 7.50 Lakh 24 months Up to 78 years

For Defense Pensioners:

Age Max Loan Amount (18 months Pension or Less) Repayment Period Age at the time of full Repayment
Below 56 years ₹ 14.00 Lakh 84 months Up to 63 years
56 – 72 years ₹ 14.00 Lakh 60 months Up to 77 years
72 – 74 years ₹ 12.00 Lakh 48 months Up to 78 years
74 – 76 years ₹ 7.50 Lakh 24 months Up to 78 years

For Family Pensioners (including Defense Pensioners):

Age Max Loan Amount (18 months Pension or Less) Repayment Period Age at the time of full Repayment
Below 72 years ₹ 5.00 Lakh 60 months Up to 77 years
72 – 74 years ₹ 4.50 Lakh 48 months Up to 78 years
74 – 76 years ₹ 2.50 Lakh 24 months Up to 78 years

Interest Rate On DCB Bank Personal Loan For Pensioners

DCB Bank has a menial interest rate of 13%. 

Document Required For DCB Bank Pension Loan

Identity proof: Any of the following specified–

  • Passport
  • Voter Identity Card
  • Pan Card
  • Driving License
  • Aadhaar Card

Address proof: Any of the following specified–

  • Ration Card
  • Bank Account Statement
  • Passport
  • Driving License
  • Utility bills
  • The property purchase agreement
  • Aadhaar Card

Income proof:

  • Bank Account Statement
  • Salary Slips

Loan Amount On DCB Bank Personal Loan For Pensioners

For State and Central Government Pensioners:

Age Minimum Loan Amount Maximum Loan Amount Additional Ceiling Amount Loan Tenure
Less Than 72 Years 25000 14 Lakh 18 Months Pension 60
72 to 74 Years 25000 12 Lakh 18 Months Pension 48
74 to 76 Years 25000 7.5 Lakh 18 Months Pension 24

For Defence Pensioners:

Age Minimum Loan Amount Maximum Loan Amount Additional Ceiling Amount Loan Tenure
Up to 56 Years Rs 25000 14 Lakh 36 Months Pension 84
Less Than 72 Years Rs 25000 14 Lakh 18 Months Pension 60
72 to 74 Years Rs 25000 12 Lakh 18 Months Pension 48
74 to 76 Years Rs 25000 7.5 Lakh 18 Months Pension 24

For Family Pensioners:

Age Minimum Loan Amount Maximum Loan Amount Additional Ceiling Amount Loan Tenure
Less Than 72 Years 25000 5 Lakh 18 Months Pension 60
72 to 74 Years 25000 4.5 Lakh 18 Months Pension 48
74 to 76 Years 25000 2.5 Lakh 18 Months Pension 24

About DCB Bank

DCB Bank Pension Loan

This private commercial bank was founded in 1930 and has a huge workforce of  6,134 (2019). The bank has its headquarters in Maharashtra. 

FAQs on DCB Bank Pension Loan

✅ Can you get a loan on a pension?

The DCB Bank Pension Loan is possible for the Central and State Govt pensioners, Defense pensioners, and family pensioners up to 78 years of age.

✅ What is the pension loan scheme?

The DCB Bank Pension Loan plan covers the funding needs of Govt, Defense, and family pensioners after their departure.

✅ At what rate of interest you can get DCB Bank Pension Loan?

You can receive DCB Bank Pension Loan at a 3.40% p.a. interest rate.

✅ How can you get Chaitanya DCB Bank Pension Loan?

You can use online mode Dialabank or call at 9878981166