The District Co-Operative Central Bank Ltd, Medak

Housing Loan

Purpose

For construction or purchase of independent house/flat. For repairs/renovation/alteration and extension of existing home/flat to individuals either single or jointly, along with the spouse or son

Loan limit

In Urban UP TO Rs.50.00 lakhs.

IN RURAL UP TO Rs.20.00 lakhs.

Housing Loan

Step into your dream home with pride with THE DCC Bank LTD. MEDAK Home Loans.
Let us help you build a future of comfort and security with loan options designed to make your journey to home ownership smooth and stress-free.

URBAN HOUSING LOAN

  • Individuals who are permanent /regular employees of Govt. of Telangana, Public Sector Undertakings, and other salaried persons.
  • Businessmen/Professionals/Self Employed persons/Any other salaried employees.
  • Minimum entry age 21 years – 65 years.
  • Max. Repayment age of 75 years.
  • Max. Loan amount up to Rs.50.00 lakhs.
  • Fixed ROI liked to CIBIL Score of applicant/s and additional ROI concession of 1 % based on applicant profile.
  • Max. Repayment period is up to 240 monthly instalments.

RURAL HOUSING LOAN

  • Businessmen/Professionals/Self Employed persons/Any other salaried employees and former.
  • Minimum entry age 21 years – 65 years.
  • Max. Repayment age of 75 years.
  • Max. Loan amount up to Rs.20.00 lakhs.
  • Fixed ROI liked to CIBIL Score of applicant/s and additional ROI concession of 1 % based on applicant profile
  • For rural home loan 2 acres land is mandatory.
  • Max. Repayment period is up to 10 years instalments.

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Housing Loan

Criteria Policy
Purpose For construction or purchase of independent house/flat. For repairs/renovation/alteration and extension of existing home/flat to individuals either single or jointly, along with the spouse or son
Area of Operation Service area of the Bank however the loan amount sanctioned depends on the location of the Project financed.
Loan limit In Urban UP TO Rs.50.00 lakhs.
IN RURAL UP TO Rs.20.00 lakhs.
Eligibility should be located within service areas of the DCCB MEDAK
Loan granted shall be to a maximum of 72 months Gross Salary
Pay-Drawing Officer consent to be taken before sanction of the loan on willingness to deduct the EMI until the repayment of loan
The loan amount shall not exceed 75% of Total Project Cost
Total deductions including the Proposed Home-Loan Sanction shall not be more than 60% of Gross Salary
For Self –Employed/Businessmen The Business / Self Employment activity shall be carried upon for a minimum period of 3 Years
Applicable business identity/Proofs shall be submitted
Source of Income generation and flow the income the liabilities of the customer, no of dependents on the customer income shall be assessed
Total liabilities including the Proposed Home-Loan Sanction shall not be more than 50% of Gross Income earned
IT Returns
Repayment Period 10 to 20 Years
Security For further queries contact to nearest branch
Documents required

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