Housing Loan

Welcome to Madurai District Central Cooperative Bank (MDCC Bank), your partner in making homeownership a reality. Our home loans offer competitive interest rates, flexible repayment options, and personalized service to meet your unique needs.

Key Features

• Loan Amount: Secure a home loan online with MDCC Bank for amounts up to Rs. 75 lakhs.
• Instant Provisional Sanction: Benefit from quick provisional sanction upon application.
• Minimal Documentation: Enjoy a streamlined process with minimal paperwork.

Competitive Interest Rates

MDCC Bank offers competitive interest rates starting from 10% p.a. Choose from flexible tenure options up to 20  years to suit your repayment capacity.

Eligibility Criteria

Assess your eligibility easily with MDCC Bank’s criteria:

• Salaried Individuals: Proof of income and age between 21 and 70 years.
• Self-Employed Individuals: Proof of stable business income with similar age criteria.
• Loan Amount: Up to Rs. 75 lakhs, depending on your eligibility.
• Nationality: Indian citizenship required.

Documents Required

Prepare the following documents for a smooth application process:

• Identity Proof: Aadhaar card, passport, or driving license.
• Address Proof: Utility bills or rent agreement.
• Income Proof: Latest salary slips, income tax returns (ITR), or Form 16.
• Property Documents: Title deeds, construction approvals, and NOC from relevant authorities.
• Financial Stability: Bank statements for the last 6 months.
• Employment Proof: Job offer or appointment letter (if applicable).

Tax Benefits

Enjoy tax benefits on your home loan:

• Deductions up to Rs. 2 lakh per year on interest payments under Section 24(b) of the Income Tax Act.
• Deductions up to Rs. 1.5 lakh per year on principal repayment under Section 80C.

Application Process

Applying for a home loan with MDCC Bank is convenient:

• Branch Visit: Visit your nearest MDCC Bank branch for personalized assistance.
• Loan Processing Time: Expect a quick turnaround time, typically one to two weeks, subject to document verification and property evaluation.

Customer Support

Our dedicated team is here to assist you at every step of the way. Contact us for any queries regarding our home loan offerings or application process.

Contact Us

Start your journey to homeownership today with MDCC Bank. For detailed information, please contact us at our nearest branch.