About this banking scheme
A loan scheme provided by District Central Cooperative Banks for purchasing consumer durables like T.V., fridges, and two-wheelers. Loan covers 75% of the product cost at an interest rate of 14%.
The "District Central Cooperative Banks and through its Branches: For Consumer Durables T.V., Fridge and Two Wheelers Loan" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, offers loans for the purchase of consumer durables, including T.V.s, refrigerators, and two-wheelers. The loan covers up to 75% of the product cost, with no upper ceiling, and is subject to a 14% interest rate (subject to change).
Benefits at a glance
| Scheme name | District Central Cooperative Banks and through its Branches: For Consumer Durables T.V., Fridge and Two Wheelers Loan (DCCBFCD) |
|---|---|
| Launched by | Co-operation, Food and Consumer Protection Department |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | State · Tamil Nadu |
| Official portal | tn.gov.in (link at the end of this page) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Offline |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
| Age | 18 to 55 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 55 years
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Access to Loan: 75% of the cost of consumer durables.
- Interest Rate: 14% (subject to change).
Who qualifies
- The beneficiary should be a resident of Tamil Nadu.
- Loans should be applicable only for Consumer durables such as T.V., Fridge and two wheelers.
Who is not eligible
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Papers to keep ready
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Registration walkthrough
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).
Frequently asked questions
What is the objective of this scheme?
The scheme offers loans for the purchase of consumer durables, including T.V.s, refrigerators, and two-wheelers that covers 75% of the product cost at an interest rate of 14%.
What is the maximum loan amount a person can avail?
The loan covers up to 75% of the cost of the product.
Is there any ceiling on the loan amount?
No, there is no upper ceiling on the loan amount.
What is the rate of interest for the loan?
The interest rate is 14%, but it is subject to change.
What items can be purchased with this loan?
The loan can be used to purchase consumer durables such as T.V.s, refrigerators, and two-wheelers.
Who is eligible for this loan?
Any resident of Tamil Nadu can apply for the loan.
Is there a minimum income requirement for the loan?
There is no specific income requirement mentioned.
What documents are required to apply for the loan?
Applicants need to provide ID proof, address proof, income proof, and an estimate or invoice for the product.
Where can one apply for this loan?
The loan can be applied for at any District Central Cooperative Bank or its branches.
Is there any processing fee for the loan?
The details about the processing fee depend on the bank’s policy.
What is the repayment tenure for the loan?
The repayment tenure is decided by the bank at the time of loan sanction.
What happens if someone defaults on the loan?
In case of default, the bank may take recovery actions as per its policies.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
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