# T.N. revises housing loan limits for cooperative banks 2026-10-27T21:21:15+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Tamil Nadu Cooperation Minister V. Gandhiraj has announced revised guidelines and loan limits for housing and mortgage loans offered by Urban Cooperative Banks (UCBs) and Urban Cooperative Credit Societies (UCCSs). The maximum individual loan limit for UCCSs has been raised to ₹60 lakh for societies with deposits below ₹100 crore and ₹1 crore for those with deposits exceeding ₹100 crore. For UCBs, the limit is ₹60 lakh for banks with deposits below ₹100 crore and ₹1.40 crore for those with deposits above ₹100 crore, in line with RBI guidelines. The maximum repayment period for both institutions has been extended to 20 years. The Cooperation Department found that some UCBs had been offering loans below the RBI-prescribed limits and has directed all UCBs and UCCSs to review and amend their loan policies and by-laws and obtain approval from the Regional Deputy Registrar. ## Indian Opinion Analysis The revised limits directly benefit borrowers who were unable to access the full loan amount under previous UCB policies that fell short of RBI ceilings. Extending the repayment period to 20 years lowers monthly instalments but increases total interest outgo over the loan term. The directive to align policies with RBI guidelines and secure registrar approval indicates that compliance gaps existed across institutions. The next step for eligible members is to approach their bank or society with the required documents to apply. ## Coverage - thehindu.com Straight news-agency style reporting of government announcement with no editorial slant This brief was synthesised by AI from the source linked above. Tags: Reserve Bank of India, Tamil Nadu, V Gandhiraj Canonical: https://indianopinion.org/t-n-revises-housing-loan-limits-for-cooperative-banks/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/t-n-revises-housing-loan-limits-for-cooperative-banks/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/