• Loan eligibility is based on
  -65 times gross monthly income or
  - 90% of total cost including cost of land, corpus fund for maintenance in the society, stamp duty and registration charges or
  -Margin Money
  

  Property Cost		Margin Money ( Borrower's Share)
  Upto Rs. 50 Lakhs		10%
  Rs. 50 Lakh to Rs. 70 Lakhs		20%
  Above Rs. 70 Lakhs		30%

  
  - Rs.90 lakhs whichever is least
• CLICK HERE FOR INTEREST TABLE
• 1% of loan amount is kept as loan linked deposit which is refunded on full repayment of loan.
• No processing fees, administrative charges, commitment fee, upfront charges.
• Option of introducing Co-borrower for raising the loan limit. 

Person who is resident of Delhi. Person should be employed or self-employed with a regular source of income below the age of 65 years. Loan is granted only for the property situated in Delhi. 

Yes, a housewife or a person above sixty years of age can apply for a loan by making another member of the family (in first degree blood relations only, as per Hindu Succession Act, 1956) as Co-borrower-cum-Guarantor. 

Spouse or any person in first degree blood relation as per Hindu Succession Act, 1956 can be a co-applicant for the loan. Co-applicant’s income will be clubbed for working out the loan eligibility. 

No processing fee is charged. 

Applicant(s) and sureties have to become nominal members of DCHFC by making a payment of Rs. 200/- per member towards nominal membership fee through an account payee cheque, under the provisions of the Delhi Co-operative Societies Act, 1972, and rules framed thereunder, the bye-laws of the 'DCHFC'. 

First mortgage of the property for which loan is required, by depositing original title deed. However, second mortgage is also accepted in case first mortgage is in a favour of President of India. In addition to this one personal surety residing in Delhi of equal status is also required. 

1% of the loan amount is retained as Loan-linked Deposit which is released on full and final payment of loan. This amount is refunded without interest on full and final repayment of loan. 

You can apply for a loan by submitting the loan application along with the supporting documents as indicated in the Application form. 

You can get loan ranging from a minimum of Rs. 25,000/- to a maximum of Rs. 90,00,000/- subject to the repayment eligibility.
Click here for Loan Eligibility Calculator 

Please refer Loan Eligibility Calculator for concerned scheme. 

Yes, your loan can be enhanced any time after the sanction of loan within your eligibility. 

Payment is made to :

• In case of Co-operative Group Housing Society - to the Society.
• In case of DDA Allottee - in favour of DDA
  
• In case of Construction of Property- in his own name.
  
• In case of Purchase of Property - in favour of Seller.

Loan is disbursed in one or multiple instalments on the written request of the member. Instalments are released as per pro-rata investment done by you. However in case of purchase of a ready built property, you get the loan released in one instalment. 

Pro-rata investment means, the loan will be released depending on the investment by members of his share. Please refer following examples: 

a) Total cost Rs. 10,00,000.00 

b) Loan Sanctioned Rs. 6,00,000.00 

c) Member’s Share (a-b) Rs. 4,00,000.00 

d) Member has paid Rs. 3,00,000.00 

(3,00,000.00 X 100) / 4,00,000.00 = 75% 

e) Loan can be released maximum upto 75% of (a) as per (d). Rs. 4,50,000.00 

Release of further loan will be commensurate with Member’s investment of his share. 

Copy of each release order is sent to you. 

CLICK HERE FOR INTEREST TABLE 

Interest is calculated on monthly reducing balance basis. 

Repayment will start immediately for the loan disbursed from the following month in which instalment is released. 

Though it is not obligatory, yet as a courtesy it is sent every month giving details of outstanding loan also. 

No. 

Home loan repayment is done by Equated Monthly Instalments (EMI) comprising of both principal and interest on monthly reducing balance basis through an account Payee Cheque favouring DELHI CO-OPERATIVE HOUSING FINANCE CORPORATION LTD. or DCHFC LTD. or through draft payable at Delhi. Cash and outstation cheques are not accepted. 

Yes, 12 post dated cheques are accepted at a time. ECS facility is also available. 

No. 

All the payment should be made at Corporate Office of the DCHFC. Payment can be made personally or through post but should reach us by 8th day of month every month. 

Yes, you are eligible for all tax benefits on principal (u/s 88 upto Rs. 20,000/-) and interest (u/s 24 upto Rs. 1,50,000/-) under the Income Tax Act 1961 in the current year if property is self occupied. On rent out properties tax benefits are also available. 

Yes, for each payment receipt is given. 

Yes, statements of payments made consisting of principal and interest besides outstanding loan is issued annually for Income Tax purposes on request. 

You can repay the loan in 20 years or upto the age of 65 years whichever is earlier. On attaining the age of 65 years, you have following two options either 

(i) refund the outstanding loan amount, or 

(ii) extend period of loan by providing guarantor who should be in first degree blood relation as per Hindu Succession Act, 1956. 

DCHFC, may get your property insured on your request / authorisation, however premium is payable by member. 

Yes, Additional Interest @2% p.a. on Loan o/s for the period of default is charged.