DCCBFHL

District Central Cooperative Banks and through its Branches: For Housing, House Construction, Repair Extension Loan

Residents of Tamil Nadu can secure loans of up to ₹10,00,000 for housing, house construction, and repair or extension projects at a competitive interest rate of 12%. This financial assistance aims to effectively meet the housing needs of individuals in the state.

State Cash

States / UT: Tamil Nadu

Nodal department: Co-operation, Food and Consumer Protection Department

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Categories: Banking,Financial Services and Insurance

Sub-categories: Loan

Target beneficiaries: Individual

Tags: Housing, Construction, Repair Extension, Loan

Details

The "District Central Cooperative Banks and through its Branches: For Housing, House Construction, Repair Extension Loan" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, provides financial assistance to citizens for housing construction, repair, and extension. The maximum loan amount offered is ₹10,00,000/- with an interest rate of 12% (subject to change).

Benefits

  • - Access to Loan: Up to ₹10,00,000/-. - Interest Rate: 12% (subject to change)
  • Access to Loan: Up to ₹10,00,000/-. - Interest Rate: 12% (subject to change).

Eligibility

  • The beneficiary should be a resident of Tamil Nadu.
  • Loans should be applicable only for Housing/ House Construction/ Repair Extension.

Exclusions


Application Process

Offline

Step 1: The interested applicant should collect the application form from the District Central Cooperative Banks or its branches.
Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Submit the duly filled and signed application form along with the documents to the concerned authority..
Step 4: Request a receipt or acknowledgment from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, a unique identification number (if applicable).

Clarifications

Additional points from the scheme information published on myScheme (not legal advice).

What is the objective of this scheme?
The scheme offers loans up to ₹10,00,000/- for housing, house construction, and repair/extension purposes, at a 12% interest rate to provide financial aid to citizens for housing needs.
What is the maximum loan amount a person can get?
The maximum loan amount under this scheme is ₹10,00,000/-.
What is the rate of interest applicable for the loan?
The interest rate for the loan is 12%, although it may change based on market conditions.
What purposes does the loan cover?
The loan can be used for housing construction, repairs, or extensions.
Who is eligible to apply for this loan?
Any resident of the state can apply for the loan.
Where should one apply for the loan?
Applicants can apply for the loan at any District Central Cooperative Bank (DCCB) branch.
Is there an age limit for applying for the loan?
No specific age limit has been mentioned for loan applicants.
Is the interest rate fixed or subject to change?
The current interest rate is 12%, but it is subject to change depending on market conditions.
Is the loan available to all communities?
Yes, the loan is available to all citizens regardless of community.
What is the repayment period for the loan?
The repayment tenure is determined by the bank based on the loan agreement with the borrower.

References

Apply

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status