Instant Approval For Home Construction Loan

Lowest Interest Rates – Calculate EMI – Check Eligibility – Instant e-Approval – Special Offers

8.40% FOR HOME CONSTRUCTION LOAN

    Home Construction Loan

    Applying for a loan is easy

    Home Construction Loan

    Home Construction Loan is a type of loan designed to provide financing for individuals who wish to build a new home or undertake significant renovations to an existing property. This type of loan provides funding for the construction process from start to finish, including the building materials and labour costs.

    One of the key benefits of a Home Construction Loan is that it can provide borrowers with a flexible financing option that is tailored to their specific needs. This type of loan typically offers a higher loan amount than traditional home loans and can be customized to suit the borrower’s unique construction needs.

    Another benefit of a home construction loan is that it is typically structured to allow for staged disbursements throughout the construction process.

    However, it is important to note that Home Construction Loans typically have higher interest rates than traditional home loans due to the additional risk associated with the construction process. Additionally, borrowers may need to provide additional documentation, such as architectural plans, building permits, and contractor agreements, in order to qualify for this type of loan.

    A Home Construction Loan can be an attractive option for those looking to build a new home or undertake significant renovations to an existing property. However, borrowers should carefully consider the associated costs and requirements before applying for this type of loan.

    Salaried

    • Application form to be filled and signed by applicant and co-applicant.
    • One Passport Size photo of applicant and co-applicant.
    • Copy of Latest Telephone bill for residence address proof.
    • Copy of Pan Card of applicant and co-applicant.
    • Copy of last 3 months payslip and CTC letter.
    • Copy of last 2 years Form 16 and Saral.
    • Copy of last 6 months bank stmt where salary is credited.
    • Processing fee cheque in favour of Bank/ HFC’s.
    • Details of Present loans with sanction letter and repayment track record.

    Self –Employed

    • Application form to be filled and signed by applicant and coapplicant.
    • One Passport Size photo of applicant and coapplicant.
    • Copy of Latest Telephone bill for residence address proof.
    • Copy of Pan Card of applicant and co-applicant.
    • Copy of Registration certificate of firm.
    • Copy of last 2 years ITRs with Statement of Income, Profit & Loss Account, Balance sheet with Form 3cb & 3cd.
    • Copy of last 12 months bank stmt
    • Copy of Partnership deed in case of partnership firm.
    • Copy of MOA & AOA in case of Pvt ltd co.
    • Processing fee cheque in favour of Bank/ HFC’s.
    • Details of Present loans with sanction letter and repayment track record.

    Pre-Approved Projects (Direct Purchase from builder)

    • Copy of Allotment letter.
    • Copy of Cost Breakup letter.
    • Copy of Sale and Construction agreement.
    • Copy of Assignment agreement (if transferred from assignor)

    Un- approved Projects (Direct Purchase from builder)

    • Copy of legal documents of the project.
    • Copy of approved plan for the project.
    • Copy of Allotment letter.
    • Copy of Cost Breakup letter.
    • Copy of Sale and Construction agreement.
    • Copy of Assignment agreement ( if transferred from assignor).

    Individual Resale house:

    • Copy of legal documents of the property.
    • Copy of approved plan for the property.

    Plot Purchase:

    Pre-Approved project:

    • Copy of Allotment letter.
    • Copy of Cost Breakup letter.
    • Copy of Sale agreement.

    Un- approved Projects:

    • Copy of legal documents of the project.
    • Copy of approved plan for the project.
    • Copy of Allotment letter.
    • Copy of Cost Breakup letter.
    • Copy of Sale agreement.

    Balance Transfer loans:

    • List of original documents held in bank
    • Foreclosure-Quote.
    • Loan sanction letter and Repayment track record.

    We are here to help You

    Apply For Loan

    Looking for home construction loan? then apply for loan now.

    Get Appointment

    Call us at

    9844141122

    info@homeloan4u.in

    Contact Us

    Meet the advisor

    Need loan advice? Talk to our loan advisors.

    Meet The Advisor
    Social media & sharing icons powered by UltimatelySocial