- 08455-276417
- dccbmedak@mdkdccb.org
- 3-4-8,Beside Zilla Parishad Main Road,Sangareddy-502001
The District Co-Operative Central Bank Ltd, Medak
For construction or purchase of independent house/flat.
Banks offer a wide range of lending services to people, companies, and other entities. Usually, the goal of these services is to assist clients in meeting their financial obligations, such as buying homes, funding their schooling, or growing their enterprises.
| 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 20 LAKHS |
| IN RURAL UP TO 10 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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