A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • DDA Housing Scheme

    The DDA’s main function include their scheme which includes the construction of residential apartments based on different classifications which include Higher Income Group, Middle Income Group, Lower Income Group along with Janta, etc. The following steps show how landor flats are allotted and bought thereon:

    1. Once the apartments are ready or the plots have been made available for sale in any project plots and flats are put up for allotment for the already registered applicants.
    2. The applicants should already be registered under the different types of Housing Registration Schemes that include the categories of LIG, Janta etc. For people belonging to the HIG as well as the MIG category, apartments are made available as well.
    3. Potential buying applications are given invitations with the help of public notice that is posted in the leading newspapers in Hindi as well as English.
    4. Also for registration and registration money postings on newspapers are made.
    5. The brochure can be then bought, which consists of literature including terms and conditions along with the eligibility criteria available at the DDA sale counter at Vikas Sadan, INA along with other designated banks such as AXIS Bank.
    6. Allotment of these apartments are done through computerized draw where applications are scrutinized through the application of a computed algorithm based on eligibility criteria and the terms & conditions.
    7. The location choices are provided, however the floor choice or allotment in a particular Sector/Pkt is not allowed since the allotment of the specific apartment is conducted through a computerized draw. This pretty much works like seat reservation for train tickets in the IRNA, where you can choose your train and class but not the seats you are actually allocated.
    8. P.H. category of registrants who fall into 1% quota, also have separate reservations.

    DDA Housing Scheme for Plots:

    Based on the definitions set by DDA, a plot is considered generally as an area of land where a a small house can be constructed by the applicant or by a company. The plot can be used for constructing a house as a residence or a small commercial shop. Also residential land is taken by builders for constructing larger buildings which are luxurious, part of a much larger plot. The smaller plots are sufficient for nuclear family. Plots sizes are variable and are measured in Gaj = Yard = Meter. The plots are available at units of 1000, 500, 300, 200, 150 and 50. The general size is 50 and 150. However, the Housing Board plots are allotted in square meters which could range between 50 square meters, 70 square meters, 166 square meters and more.

    How to Register For a Plot or Apartment Online:

    Even a few years back people had to apply in person by submitted a hand-filled application and submit it in the office or at the designated banks. But no longer is this process as tedious as it used to be. people submitted application by hand fill up in the office. The worst part was the long queues which used to consist of men and women standing in the heat of extreme weathers experienced in Delhi/NCR.

    With the help of Internet, things have changed. People can apply and register for a plot or an apartment online at the DDA portal. Online, you can find forms for housing board plots and invites which simply need to be filled up the and there and simply submit it in the portal. You ca also take a hard copy of the application which can be submitted on the official online portal for the housing board.

    How to Fill the Online DDA Housing Scheme Registration Form?

    Follow the below given steps to be able to accurately register for DDA Housing Scheme form online:

    1. Go to the DDA website and choose the desired option of Apply online for plots or Apply online for flats.
    2. You will then need to fill in the:
    3. Applicant’s name
    4. Contact information such as address and phone numbers.
    5. Bank details along with the details of registration fee in the form
    6. You also need to upload photos along with relevant signatures.
    7. Ensure that you fill in all the columns and rows of information as required, for the online registration process to be successful.
    8. Submit it and take a hard copy print out of the same.
    9. You will an application ID number for flat or plot registration.

    The Housing plot and apartment schemes for 2016 – 2017 is said to be very popular since it comes with the basic amenities but the more important is money, which gets taken care of easily. Low cost and easy installments for repayments make it a convenient buy for anyone, even people not living in Delhi, but want to invest in real estate. All the leading banks have loans to help buy plots and apartments through DDA housing schemes. Banks allot a margin for loan amount of upto 80% of total of value of the apartment or plot. The rest 20% has to be taken care by the applicant.

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    DDA Housing Scheme Reviews

    • andhra Bank Home Loan
      "Slow process"
      0.5 4.0/5 "Great!"
      I am running a home loan with Andhra Bank and it was taken 2017. The total value is 20L and the need to pay the premium for 18 years. The interest rate is good and there was no processing fee but they have charged that amount for registration fee where private bank does not charge registration fees.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 24, 2019
    • Axis Bank
      Axis Bank Home Loan
      "Service is good"
      0.5 4.0/5 "Great!"
      My home loan was taken from Axis bank in the year of 2016. My requirement was Rs. 12 lakhs but other bank provided me only Rs. 9 lakhs but axis bank approved me for the entire amount hence i have chosen the Axis bank. They have offered me a interest rate of 9.25%. I have pre-close this loan without any extra charges. Given me a approval in less days.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 24, 2019
    • Indiabulls Home Loan
      "Need to decrease charges"
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan in INDIA BULLS before 3 years back, the loan amount is sufficient for the tenure of 20 years. The process was smooth for a documents verification. On time loan got sanctioned.The rate of interest and the processing fee are high. As of now there is no issue from their end.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 24, 2019
    • SBI Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home Loan directly through Bank State Bank Of India.The rate of interest and the processing fee was nominal .There was no difficulties faced while submitting the documents ,I have applied for the loan amount of 40 Lakhs and not sure about the tenure .The agent gave all the details about the loan process .
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 24, 2019
    • Shriram Housing Home Loan
      "Need to improvement customer service"
      0.5 3.0/5 "Satisfactory"
      I have selected loan amount is 12 lakhs, tenure 15 year and Rate of interest 9.5% one time process fee Rs 5000, EMI Rs 9000, While documents through executive he given information so there no delay for disbursal loan amount. Need to be improvement in customer service.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 24, 2019
    • ICICI Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I am holding my housing loan with ICICI bank from long time, the loan amount which they have given to me was sufficient as the have tie up with infosys so whatever i applied for amount 100% it use to be approved, no issue with rate of interest as they have given to me less, so far there is no issue.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 24, 2019
    • review Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been holding housing loan with GIC housing finance from long time, the loan amount which they have given to me was sufficient , they have given me as per my requirement, they have not charged me processing fee as it was waived off. Still this loan is running.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 24, 2019
    • SBI Home Loan
      "Good loan services"
      0.5 5.0/5 "Blown Away!"
      Once my builder had a tie up with SBI, i have chosen the same bank for my home loan. I have a salary account with them hence its easy to pay the EMI. They have given me a floating interest rate of 8.35% and there was no processing fee. I bought the loan amount of Rs. 27 lakhs. I got the loan within 10 days. When i approach for the loan, they are asking sign for life insurance without the customer's knowledge and they are not explaining about the policy details.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 24, 2019
    • Tamilnad Mercantile Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have take a home loan in TAMILNAD MERCANTILE BANK for more than one year which was applied directly to bank.The process was smooth and on time got sanctioned from bank. The amount is sufficient for the duration of 10 years. The interest rate and processing fee are nominal.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 23, 2019
    • SBI Home Loan
      "GOOD"
      0.5 3.5/5 "Pretty good"
      The service of the bank is not good also there is a response which is not good. The rate of interest was lesser so i have taken. I am using the loan since from last 5 years. The loan amount given was sufficient and i got a one shot loan amount. The duration for repaying the loan was 16years, the rate of interest was 8.75%.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2019
    • Bank of Baroda Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a home loan and It was with BANK OF BARODA .I was highly impressed. My home loan was approved in few days.Loan amount is satisfactory . They are awesome and they take care of you need very well.The good thing about BANK OF BARODA is their customer service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 23, 2019
    • ICICI Bank Home Loan
      "Good loan service"
      0.5 5.0/5 "Blown Away!"
      The given interest rate are reasonable in ICICI. Because of the best interest rate and convenient i have chose the home loan from ICICI. ICICI service is fine. They have sanctioned the loan on time and the documentation process was fine and smooth.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 23, 2019
    • DHFL Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the loan from last 5 years, the documentation process was done quickly also i got the loan amount but it took some time. The loan amount was sufficient. The rate of interest was 10% approximately. The duration for repaying the loan for 20 years. The locking period is for 1 year.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 23, 2019
    • Axis Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had taken a Home Loan from them a long time back and the experience i had with AXIS BANK has been good. The process was good and there was no added charges made by them. The interest rate with them has been good when compared with the maket rate, the customer support response has also been pretty good and they where helpful.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 23, 2019
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have home loan with HDFC BANK . I got the service while taking the loan it was very great experience . They charge rate of interest and i am fine with that . The customer executive is very responsive they help me through out the process . Overall it is good .
      Was this review helpful? 1
      , vadodara
      Reviewed on Jun 23, 2019
    • HDFC Limited Home Loan
      "Good loan services"
      0.5 4.0/5 "Great!"
      Long back, i have taken my home loan from HDFC. When i purchased the loan the interest rate was 8.5% and now increased upto 9.7%. I have been paying the EMI of RS. 8700 and it will be directly deducted from my account. It took 1 week to sanctioned the loan. Total tenure period of the loan is 20 years.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Jun 22, 2019
    • SBI Home Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      SBI is a government bank, the process was very slow each and everything, I have to keep visiting the branch. The customer service is average. The rate of interest is less which was somewhere around 8.5%. The processing fee was 25K for loan amount of 23L. But there were multiple charges like mortgage, d-mortgage, etc for processing the loan.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 22, 2019
    • Bajaj Finserv Home Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      Currently have a home loan with Bajaj Finserv because they have provided me a same interest rate for home loan as well as top up loan. It was done recently before 2 to 3 months. The interest rate was 9.3% but its high compared to government bank and still am satisfied.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 22, 2019
    • ICICI Bank Home Loan
      "Better experience"
      0.5 4.0/5 "Great!"
      I took a home loan with ICICI BANK and when I went for topup to buy another property so moved with SBI who has offered me a good benefit. The customer service is good with ICICI. The loan tenure is 20 years. There is no charges for preclosure. The charges are transparent and it was clearly mentioned on their booklet.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 22, 2019
    • Axis Bank Home Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      Axis Bank has provided me a maximum amount of loan to purchase the home, they have provided me 100% funding which am most happy. I have closed the loan. The customer service is better. There was a processing fee and the interest rate is nominal.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 22, 2019
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