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Trusted Regional Co-operative Bank
SPCBL is a trusted regional co-operative bank with a strong local presence and deep understanding of the market.
Competitive Interest Rates
Enjoy competitive interest rates that make homeownership affordable and budget-friendly.
Personalized Customer Service
Experience personalized customer service with dedicated support throughout your home loan journey.
Transparent Policies
Benefit from transparent policies with clear terms and conditions, ensuring you understand every aspect of your loan.
Flexible Repayment Options
Choose from flexible repayment options that suit your financial goals and capacity.
Strong Local Market Understanding
Leverage SPCBL's strong local market understanding for better property evaluation and loan terms.
Eligibility criteria are structured to ensure affordability and financial stability for borrowers.
Eligibility Parameter
Details
Applicant Type
Salaried, Self-Employed, Professionals, Business Owners
Minimum Age
21 years
Maximum Age at Loan Maturity
65 years
Employment Stability
Minimum 2–3 years of work/business continuity
Minimum Monthly Income
As per bank norms (varies by applicant profile)
Credit Score
Preferably 650 or above
Loan Tenure
Up to 20–25 years
Property Type
Residential (Self-occupied / Ready / Under Construction)
SPCBL offers flexible home loan schemes tailored to different housing needs.
Popular SPCBL Home Loan Schemes
Description
Home Purchase Loan
For buying a new or resale residential property.
Home Construction Loan
Ideal for customers constructing a house on owned land.
Home Improvement / Renovation Loan
For repairs, extensions, or modernization of an existing home.
Plot Purchase with Construction Loan
Supports land purchase with future construction plans.
Balance Transfer Home Loan
Transfer your existing home loan to SPCBL for better terms.
Proper documentation ensures smooth and faster loan processing.
Document Category
Required Documents
Personal Documents
Identity Proof (Aadhaar Card / PAN Card / Passport) Address Proof (Utility Bill / Aadhaar / Passport) Passport-size photographs
Income Documents
Salaried: Salary slips (last 3–6 months), Form 16, Bank statements Self-Employed: ITR (last 2–3 years), Profit & Loss Account, Balance Sheet
Property Documents
Sale Agreement / Allotment Letter Title Deed & Chain Documents Approved Building Plan Property Tax Receipts
SPCBL home loan borrowers can enjoy attractive tax savings under the Income Tax Act, 1961.
Section
Benefit
Section 80C
Deduction up to ₹1.5 lakh on principal repayment
Section 24(b)
Deduction up to ₹2 lakh on interest (self-occupied property)
Section 80EE / 80EEA*
Additional benefit for first-time home buyers (subject to conditions)
Tax benefits depend on prevailing tax laws. Borrowers are advised to consult a tax advisor.
SPCBL maintains transparency in its fee structure with minimal additional costs.
Charges Type
Processing Fee
As per bank norms (usually a small percentage of loan amount)
Legal & Valuation Charges
Actuals
Prepayment Charges
Generally Nil or minimal
Late Payment Charges
Applicable as per bank policy
Documentation Charges
Nominal
Need a more accurate EMI estimate?
The Surat People's Co-operative Bank Ltd. (SPCBL) Home Loan is an excellent choice for home buyers seeking reliability, affordability, and personalized banking support. Whether you are purchasing your first home, constructing a house, or renovating an existing property, SPCBL offers well-structured loan solutions with transparent terms.
By understanding eligibility, schemes, documentation, tax benefits, and charges, borrowers can make confident financial decisions and move closer to owning their dream home.
Have any queries? We'd love to hear from you.
📞 Call us: +91 7065663434
✉️ Mail us: support@tytil.com