Loans To the Members

The main object of the Federation is to provide loans to the members for construction of new houses, purchases of new Houses and new Flats. The maximum loan for each income category is indicated below:-

S.No. Income category Income Maximum Loan Maximum plinth area
1. EWS Up to Rs..8300/- Up to Rs.2,50,000 /- 35 sqm or 377 sqft
2. LIG Rs 8301 to Rs.21000 Up to Rs.5,00,000 /- 55 sqm or 592 sqft
3. MIG Rs 21001 to Rs.42000 Up to Rs.7,50,000 /- 95 sqm or 1022 sqft
4 HIG Rs 42001 and above Up to Rs.10,00,000 /- 190 sqm or 2000 sqft
5 NEW HOUSE / PURCHASE OF FLAT Rs 42001 and above Up to Rs.25,00,000 /- -
6 MORTGAGE LOAN - 70% of value of Property Up to Rs.15,00,000 /- -
7 REPAIRS AND RENEWALS - Rs.1,00,000 /- to Up to Rs.3,00,000 /- -
Cash credit for construction materials and Jewel loan for Rs.2 Crores (Maximum)

The individual maximum loan under Urban Housing scheme is Rs.10 lakhs for construction of new houses. From 30.09.2013 loan assistance to an extent of Rs.25 lakhs is provided for purchase of new Flat/ New House.

A Sum of Rs.4752.88 Crores has been disbursed for the period up to 31.3.2013 under this scheme.