| TERMS AND CONDITIONS OF LOAN |
|
1
|
Processing fee/Advocate fee |
Rs. 5000/- |
|
2
|
Eligibility
|
-Applicant
must enroll himself as Nominal Member by paying Rs. 236/-
-
Property should be in Delhi/NCR.
- 65 months Gross Income Subject to deduction or
- Loan upto 90 % of the total cost of the property
- Margin Money
| Total Cost | | Margin Money ( Borrower's Share) |
| Upto Rs. 50 Lakhs | | 10% |
| Above Rs. 50 Lakhs | | 20% |
- or Rs. 500.00 lakh, whichever is less.**
- For the purpose of raising loans income of co-borrower will be taken into account.
|
|
3
|
Rate
of interest |
Click Here for Rate of Interest Table |
|
4
|
Loan repayment period |
Maximum loan upto 20 years.
|
|
5
|
Security
for loan |
-
Personal surety(s) of one individual resident of Delhi of equal
status. (Not in Blood Relation)
- Deposit of title deed as mortgage relating to the property
being financed with first charge.
|
|
6
|
How
to make repayment |
Repayment
will be made by ECS/Cheque on or before 8th of every month marked "Payee Account Only" favouring
DELHI CO- OPERATIVE HOUSING FINANCE CORPORATION LTD. or "DCHFC LTD."
"Demand Draft" payable at Delhi/New Delhi. Outstation cheques and
cash not accepted. |
|
7
|
E.M.I. for loan of Rs. 1 lakh for 20 years @8.25% p.a. |
Rs. 852 |
CLICK HERE FOR DOWNLOADING LOAN APPLICATION FORM