Delhi State Cooperative Bank Loan Eligibility Criteria
Before you apply, reviewing eligibility helps you plan better and confidently check eligibility.
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Eligibility Factor
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Details
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Applicant Type
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Salaried persons, self-employed individuals, professionals
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Minimum Age
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21 years
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Maximum Age at Loan Maturity
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Up to 65 years
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Income Requirement
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Stable and verified income documents
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Credit Score
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Preferably 650 or above
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Employment / Business Stability
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Minimum 1–2 years of continuity
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Loan Tenure
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Up to 25–30 years
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Property Location
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Approved residential property as per bank norms
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This makes it a suitable home loan for salaried person as well as borrowers exploring affordable housing finance in Delhi.
Home Loan Schemes Offered by Delhi State Cooperative Bank
The bank provides practical housing loan schemes tailored to different housing requirements:
Home Purchase Loan
For purchasing ready-to-move or under-construction residential properties.
Home Construction Loan
Ideal for customers who own a residential plot and want to build a house.
Home Improvement / Renovation Loan
Designed for repairs, extensions, or modernization of existing homes.
Affordable Housing Loan
Suitable for eligible borrowers looking for a low-interest home loan, including access to applicable interest subsidy benefits.
These schemes aim to balance affordability with manageable monthly installment commitments.
Documents Required for Delhi State Cooperative Bank Home Loan
Submitting complete and accurate paperwork improves approval speed and eligibility for instant approval where applicable. Below is a clear checklist of documents required for housing loan applications:
| Document Category |
Required Documents |
| Identity Proof |
Aadhaar Card, PAN Card, Voter ID |
| Address Proof |
Aadhaar Card, Utility Bill, Ration Card |
| Income Proof (Salaried) |
Salary slips, Form 16, bank statements |
| Income Proof (Self-Employed) |
ITR, balance sheet, profit & loss statement |
| Property Documents |
Last 3 months’ salary slips + Form 16 + 6 months bank statements |
Last 2–3 years ITR + CA-certified income computation + 6–12 months bank statements
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| Photographs |
Recent passport-size photographs |
Maintaining a good credit score and submitting verified income documents helps ensure smoother processing.
Tax Benefits on Home Loan in India
A housing loan also offers attractive tax benefits on home loan in India, helping reduce your overall tax burden:
Section 80C – Deduction up to ₹1.5 lakh on principal repayment
Section 24(b) – Deduction up to ₹2 lakh on interest paid for self-occupied property
Additional Benefits – Extra deductions for first-time homebuyers, subject to eligibility
Interest Subsidy – Available under government-backed affordable housing schemes, where applicable
These benefits make long-term home purchase financing more cost-effective.
Loan Processing Fees & Other Charges
Delhi State Cooperative Bank follows a transparent and borrower-friendly fee structure:
- Processing fee as per bank guidelines
- Legal and technical verification charges
- Documentation and registration expenses
- No hidden or unexpected charges
Borrowers can calculate EMI in advance to choose a comfortable repayment tenure.