- Stage-Wise Disbursement
- Competitive Interest Rates
- 100% Transparent Process
A Construction Loan helps you build your dream house on your own plot or land. Get flexible funding with phased disbursements as construction progresses—covering everything from foundation to finishing. With competitive interest rates, approved architect support, and transparent processes, turn your building plans into reality.
Construct your residential house on your owned plot with phased funding released at each construction stage.
Finance both plot purchase and construction costs together with a single comprehensive loan solution.
Add additional floors, rooms, or expand your existing structure with dedicated construction financing.
Build commercial properties, shops, warehouses, or offices on your owned commercial land parcels.
Get funds released in stages as construction progresses—pay interest only on disbursed amounts, not the entire loan.
Finance up to 80% of your total construction cost including architect fees, material, and labor expenses.
Enjoy extended repayment tenure up to 30 years with affordable EMIs that fit your monthly budget.
Avail tax deductions on principal (Section 80C) and interest (Section 24) under Income Tax Act after completion.
Get professional technical inspection and approval at each construction stage to ensure quality standards.
Build your home exactly as you envision—customize layouts, materials, and finishes according to your preferences.
You can apply for a Construction Loan if you meet the following criteria:
Age of Applicant: 21 to 70 years
Must own plot/land with clear title in your name
Approved building plan from local municipal authority
Salaried or self-employed with stable income
Good credit score (typically 650+ for better rates)
Registered architect/engineer and contractor engagement
Funds are released in stages (typically 4-6 phases) as construction progresses—foundation, plinth, lintel, roof, finishing. Technical inspection is conducted before each disbursement.
KYC documents, income proof, plot/land papers, approved building plan, architect/engineer agreement, construction cost estimate, NOC from authority, and property tax receipts.
Yes, an approved building plan/sanction from your local municipal authority is mandatory. Without it, lenders cannot process construction loan applications.
During construction, you typically pay only interest (pre-EMI) on disbursed amounts. Full EMIs start after construction completion or as per loan terms—usually 6-12 months post final disbursement.
After document submission including approved building plans, technical evaluation, and plot verification, construction loan approval typically takes 10-15 working days.
