Vcci home construction
loan scheme

Loan for house construction and Renovation

Members of the SHG group or their family members.

Eligibility

Individual member of the SHG group can avail this loan.

Quantum of loan

There are two category in this loan. A maximum loan of Rs.50000/- will be provided for construction of Kuccha houses / mud houses/ renovation of these houses in the rural areas. Also, a maximum loan of Rs.200000/- will be provided for construction of Pucca houses in rural and semi urban areas. The loan limits are based on the cash flow of the household. The maximum loan tenure will be 36 months.

Tenure of the loan

Based on the cash flow of the household with a maximum of 36 months with a gestation period of 4 months in case house construction.

Interest rate

• All loans with an interest rate of 24%
• Interest is not compounded and on reducing balance.