Tamil NaduWednesday, 28 October 2026·Hindu Tamil Thisai
Tamil Nadu cooperative housing loan ceiling raised to ₹1.40 crore for eligible urban banks
Tamil Nadu has revised housing and mortgage loan limits in urban cooperative banks and credit societies, with repayment tenure extended to 20 years.
Key highlights
Direct fact
In October 2026, Tamil Nadu Cooperative Minister V. Gantiraj announced that housing-loan limits in urban cooperative banks and urban cooperative credit societies were raised, with the ceiling going up to ₹1.40 crore for banks holding deposits above ₹100 crore.
Key specifics
- Urban cooperative banks with deposits below ₹100 crore can now give up to ₹60 lakh per individual.
- Banks with deposits above ₹100 crore can sanction up to ₹1.40 crore for housing loans.
- Urban cooperative credit societies with deposits below ₹100 crore can lend up to ₹60 lakh per person.
- Credit societies with deposits above ₹100 crore can lend up to ₹1 crore per individual.
- Repayment tenure for these loans has been extended to 20 years.
Exam lens
TNPSC Polity/Economy one-liner: cooperative banking regulation in Tamil Nadu, deposit threshold of ₹100 crore, loan ceiling of ₹60 lakh to ₹1.40 crore, repayment period 20 years.