Finding the perfect home is an exciting journey, and GDCC Bank is here to help you make it a reality. With our comprehensive range of home loan options, we strive to provide you with flexible financing solutions tailored to your needs. Whether you are a first-time homebuyer or looking to upgrade to your dream home, our expert team is committed to guiding you every step of the way.
Applying for a Home loan at Gadchiroli DCC Bank is a straightforward process. Locate your nearest GDCC Bank branch, where our friendly staff will guide you through the application process and answer all queries you may have related to home loan.
| Sr. No. | Scheme & Interest Rate | Loan Limit | Loan repayment period | Interest Rate |
|---|---|---|---|---|
| 1 | Loan policy for new home construction/ new flat/ ready-made home purchase | ₹ 75.00 lakhs | 5 to 20 years | 8.50% |
| 2 | Medium term loan policy for decoration and furniture under house renovation | ₹ 6.00 lakhs | 15 years | 8.75% |
| 3 | Loan for plot purchase | ₹ 35.00 lakhs | 15 years | 9.00% |
| 4 | Permanent Property Mortgage Loan | ₹ 50.00 lakhs | 10 years | 11.00% |
| Sr. No. | Loan Scheme | Links |
|---|---|---|
| 1 | Loan policy for new home construction/ new flat/ ready-made home purchase | Click Here |
| 2 | Medium term loan policy for decoration and furniture under house renovation | Click Here |
| 3 | Loan for plot purchase | Click Here |
| 4 | Permanent Property Mortgage Loan | Click Here |
Apply for a Gadchiroli DCC Bank Home Loan Today!
Whether you are purchasing your first home or looking to invest in a new property, Gadchiroli DCC Bank is here to help you every step of the way. Take the first step towards homeownership by applying for a Gadchiroli DCC Bank Home Loan today. Our team of experts is ready to assist you in turning your dreams into reality.
Contact us now or visit your nearest Gadchiroli DCC Bank branch to get started. Experience the convenience, flexibility, and reliability of Gadchiroli DCC Bank Home Loans and make your dream home a reality!
Near ST Bus Stand, Dhanora Road, Gadchiroli Taluka, Gadchiroli District, Gadchiroli.
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07132-232050
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The Gadchiroli DCC Bank Pvt. Ltd.
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| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
| Salaried/ Businessmen | • Loan Demand Application | • Will be applicable to salaried employees who are paid through the bank and other salaried employees . |
| • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • Applicant’s CIBIL score should be above 700. | |
| • Nominal membership fee (applicant, co-applicant and guarantor) | • The member should have completed 5 years of regular service and should be a permanent employee with at least 5 years remaining in the service/job. | |
| • Letter of consent regarding reduction of bank loan installment from the establishment where the applicant is employed | • Employees of government, semi-government and private establishments and businessmen and other members will be eligible in the said scheme. | |
| • Non-agricultural certificate of plot and 7/12 | • The member’s net salary after deducting all deductions shall not be less than 25 per cent, subject to a limit of 50 times of his gross salary (basic pay dearness allowance) and a maximum of ₹75.00 lakh, whichever is less. | |
| • Site map certified by Land Records Department. | • 85 percent loan agreement with plot seller and 15 percent self-investment amount will be paid first in the bank and demand draft of the same amount will be paid. | |
| • Title and search report of the premises from the lawyer on the panel of the bank | • The service of the surety shall not be less than that of the applicant. | |
| • Appraisal of the site and house estimate from the panel engineer of the bank | • Applicant’s age should not be more than 53 years | |
| • Agreement with seller of flat/new house on stamp paper of ₹100/- | • Appraisal of premises, search report, register mortgage and other incidental expenses will have to be borne by the applicant himself. | |
| • Undertaking of two competent sureties on stamp paper of ₹100/- | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
| • Consent letter on stamp paper of ₹100/- for recovery of mutual amount from salary | • Loan disbursement method :- Loan installments for new house construction will be paid in 4 installments like 25 percent, 25 percent, 30 percent and 20 percent according to the inspection report of the panel architect of the bank or the inspection officer of the bank on the assessment of the work done by them. And according to the statement (agreement to sell) the debt will be lifted. | |
| • New House Construction/Flat/New House Construction After registration in the name of the applicant, registered mortgage in the name of the bank and 7/12 encumbrance note | • Mortgage :- The home loan should be a legal encumbrance on the allotted property. For commercial and other borrowers, two competent guarantors should be obtained and the borrower will have to bear the mortgage expenses. | |
| • Regular/irregular loan no-due certificate of Employees’ Cooperative Credit Institution. | • The applicant has to clear the loan till the age of 65 years | |
| • 7/12, Gaon Namuna 8 A and Property Mutation(Akhiv Patrika) | • The total value of the house/flat has to be insured. | |
| • No Objection Certificate from Municipality/Nagar Panchayat/Gram Panchayat | • The said loan scheme will be limited to the district. | |
| • To ensure the Gavthan site, it will be necessary to obtain a certificate from the concerned Gram Panchayat/Municipality as well as Talathi. | • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. | |
| • Necessary documents such as Site Map, Akhiv Patrika as well as “C” Sheet, Vanswadi and Chatursima etc. certified by Bhumi Records Department | ||
| • Documents of Fixed Assets (Original Documents) | ||
| • Registered mortgage for purchase of house/new flat/new house (to be done by the applicant himself) | ||
| • If the income of the applicant is less then the income of the co-applicant has to be taken into consideration and the CIBIL and ITR of the co-applicant have to be taken. | ||
| • While determining the home loan limit for business and other members, the member’s income tax return, certified annual income certificate and balance sheet should be certified by the Chartered Accountant. |
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
| Salaried | • Bank’s prescribed loan demand application | • Applicant’s CIBIL score should be above 700. |
| • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • It will be implemented at the taluka place in the district as well as at the place of fixed assets having non-agricultural/village/akhiv tracts with assessment. | |
| • Nominal membership fee (applicant, co-applicant and guarantor) | • Applicant should have completed 2 years of regular service and 5 years of remaining service in the post | |
| • Letter of consent regarding reduction of bank loan installment from the establishment where the applicant is employed | • The net pay of the member after deducting all deductions shall not be less than 25 percent | |
| • An estimate from the engineer on the bank’s panel and a site search and title report from the lawyer will have to be obtained. | • If the loan is not sanctioned as per the income tax return of the applicant, the income tax return of the co-applicant will have to be considered. | |
| • 85 percent of the estimate or a maximum of 6.00 lakhs whichever is less will be eligible for loan limit sanction. | ||
| • The said loan will be disbursed in two phases | ||
| • The member who has taken home loan from the bank has to register the encumbrance on the permanent property whereas other members have to mortgage the permanent property in the name of the bank. | ||
| • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. | ||
| • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | ||
| • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
| Salaried | • Loan Demand Application | • The applicant should be a resident of the district. |
| • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • Will be applicable to salaried employees who are paid through the bank and other salaried employees. | |
| • Nominal membership fee (applicant, co-applicant and guarantor) | • Applicant’s CIBIL score should be above 700. | |
| • Letter of consent regarding reduction of bank loan installment from the establishment where the applicant is employed | • The member should have completed 3 years of regular service and should be a permanent employee with at least 5 years remaining in the service/job. | |
| • Site map certified by Land Records Department. | • The net pay of the member after deducting all deductions shall not be less than 25 percent. 50 times the gross salary of the member and a maximum of ₹ 35.00 lakh whichever is lower will be eligible for loan. | |
| • Title and search report of the land from the lawyer on the panel of the bank | • 85 percent loan agreement with plot seller and 15 percent self-investment amount will be paid first in the bank and demand draft of the same amount will be paid. | |
| • Appraisal of the premises by the Panel Engineer of the Bank | • The service of the surety shall not be less than that of the applicant. | |
| • Non-agricultural certificate of the purchase plot and 7/12 as well as Plot should be N.A.T.P. | • Applicant’s age should not be more than 53 years | |
| • Agreement with plot seller on stamp paper of ₹100/- | • Appraisal of premises, search report, register mortgage and other incidental expenses will have to be borne by the applicant himself. | |
| • Undertaking of two competent sureties on stamp paper of ₹100/- | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
| • Consent letter on stamp paper of ₹100/- for recovery of mutual amount from salary | • The said loan scheme will be limited to the district. | |
| • After registering the plot in the name of the applicant member, registered mortgage and 7/12 encumbrance in the name of the bank. | • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. | |
| • Regular/irregular loan no-due certificate of Employees’ Cooperative Credit Institution. |
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
| Salaried/ Businessmen | • Bank’s prescribed loan demand application | • The applicant should be a permanent resident of the district |
| • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor | • The loan policy will be limited to Gadchiroli, Kurkheda,Wadsa, Armori, Chamorshi, Ashti, Aheri and Sironcha. | |
| • Nominal membership fee (applicant, co-applicant and guarantor) | • Fixed asset must be a farmable. | |
| • Original documents of property. | • Maximum of 75 percent of the assessed value of the plot and house (distress value) or ₹50.00 lakh whichever is less will be eligible for loan sanction. | |
| • An assessment of the land from the engineer on the panel of the bank and a search and title report of the land from the lawyer will have to be taken. | • The applicant will have to bear the entire cost of the mortgage | |
| • Income tax returns of three years have to be taken from the applicant | • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. | |
| • In case of business, a stock statement of the remaining goods should be taken. | • Applicant/co-applicant CIBIL score should be above 700. | |
| • The net pay to the member after deducting all deductions shall not be less than 25 percent | ||
| • Income tax of the co-applicant has to be taken into account if the loan limit falls below the income tax sheet of applicant. | ||
| • 85 percent of the valuation of fixed assets or a maximum of ₹50.00 lakh whichever is less will be eligible for loan limit sanction. | ||
| • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
