About this banking scheme
The scheme offers loans up to Rs. 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.
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 Rs. 10,00,000/- with an interest rate of 12% (subject to change).
Benefits at a glance
| Scheme name | District Central Cooperative Banks and through its Branches: For Housing, House Construction, Repair Extension Loan (DCCBFHL) |
|---|---|
| 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 | Ongoing (no last date notified) |
| 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: Up to Rs. 10,00,000/-.
- Interest Rate: 12% (subject to change).
Who qualifies
- The beneficiary should be a resident of Tamil Nadu.
- Loans should be applicable only for Housing/ House Construction/ Repair Extension.
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 up to Rs. 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 Rs. 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.
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.
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