Viklang Loans

What You Need to Know About Viklang Loans

These loans, sustained by the Indian government, are strictly drafted to help else- abled individualities in achieving their aspiration of retaining a home. The Viklang loan scheme is a testament to the government’s unvarying fidelity to icing that every citizen, irrespective of their physical condition, has access to affordable casing finance. The Viklang loan scheme is a cornucopia of benefits, including the absence of a down payment demand, seductive interest rates, adaptable prepayment terms, and a government guarantee. This composition trials to give an total understanding of Viklang loans, their eligibility criteria, benefits, and prepayment terms.

Who qualifies for a Viklang loan?

The eligibility criteria for a Viklang loan are simple yet inclusive, designed to ensure that the benefits of this scheme reach the most deserving individuals. Here are the key eligibility requirements:

  1. Permanent Residency: The applicant must be a permanent resident of India, ensuring that the benefits of the scheme are directed towards Indian citizens.
  2. Disability Certificate: To demonstrate their disability status and eligibility for benefits under the program, applicants must present a disability certificate issued by the Government of India.
  3. Stable Source of Income: The applicant must have a stable source of income, ensuring that the borrower can repay the loan in a timely manner. The income can originate from various sources such as employment, a business, or even a pension.

What is the borrowing limit with a Viklang loan?

The borrowing limit with a Viklang loans is primarily contingent on your income and the size of the home you wish to purchase. The maximum loan quantum under this scheme is ₹ 25 lakhs, icing that the benefits of the scheme are unevenly distributed and reach as numerous meritorious individualities as possible.

What are the repayment terms for a Viklang loan?

The Viklang loan scheme offers adaptable prepayment terms to insure that the loan doesn’t come a fiscal burden for the borrower. The typical prepayment period for a Viklang loan spans from 15 to 20 times. Borrowers have the option to repay the loan in equal yearly inaugurations, which can prop in managing the yearly budget. When the loan period is over, borrowers who can conclude to return their debt in full.

What are the benefits of a Viklang loan?

The Viklang loan scheme is brimming with benefits designed to transform the dream of homeownership into a reality for people with disabilities. Here are the key benefits:

  1. No Down Payment: One of the most significant obstacles in purchasing a home is the down payment. However, with a Viklang loans, this obstacle is completely eliminated as no down payment is required.
  2. Favorable Interest Rates: The interest rates for Viklang loans are highly attractive. This is a significant benefit as it reduces the overall cost of the loan and makes the monthly installments more affordable.
  3. Flexible Repayment Terms: The Viklang loans scheme offers flexible repayment terms, allowing borrowers to choose between equal monthly installments or a lump sum payment at the end of the term.
  4. Government Guarantee: Borrowers are given an additional layer of security by the government guarantee, which makes it simpler for them to be authorised for loans and receive better conditions..


The Viklang loan scheme is brimming with benefits designed to transfigure the dream of homeownership into a reality for people with disabilities.

A Viklang loans could be an excellent system to finance your home purchase if you have a handicap and want to buy a house. These loans are more affordable than conventional house loans because they give unique terms and conditions to persons withdisabilities.A loan can be used for purposes further than only carrying cash.

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