Bridge Loan upto 80% of balance land premium payable to the DDA for 100% payment of land cost including Registration Charges and Stamp Duty to a member society of the DCHFC.

Tripartite Agreement between the DDA, Society and the DCHFC with an irrevocable authority by the Society in favour of DCHFC to get the original perpetual Lease Deed of land on its execution and registration from the DDA with a lien to DCHFC on it as a Mortgagee. Execution of Loan Agreement and Mortgage Deed by the Society in Favour the DCHFC.

Maximum upto 80% of the total land premium payable to the DDA plus charges on account of Stamp Duty and registration.

@ 14.00% p.a.

The principal sum and interest thereon at the prescribed rate would be payable monthly on or before 8th day of the month as per schedule of payment to be given by the DCHFC to the borrowing society. Repayment will be in 36 installments, first 21 months only interest and in balance 15 months EMI consisting of Interest and Principal

In case of default, interest at the rate of 17% will be charged on the defaulted amount which includes 3% penal intrest till the default persists.

On execution of Tripartite Agreement, followed by execution of Mortgage Deed and Loan Agreement and its registration in the office of the Sub-Registrar.

Investment of a sum to the tune 1% of the released loan amount in the shares of the DCHFC.

Allotment letter of the DDA.

Copies of receipts of payments made to the DDA.

Attested photo copy of the Registration Certificate and Bye-laws of the Society.

General Body of the Society is Competent to fix the Maximum Credit Limit (MCL) based on paid up share capital as provided in rule 68 of the Delhi Cooperative Societies Rules, 1973

Latest and last list of members of the society verified by the Registrar, Co-operative Societies, Delhi for allotment of land with up-to-date address. If some members have been resigned and new members have been admitted, their details may be given in the remarks columns.