Construction Loan

Construction Loan is a loan provided for carrying out the construction over the piece of land owned by the Customer. Customer can be a builder or developer. Money is given for the purpose of diverse range of expenditures that are required for construction.

Overview

Tenure Up to
3 Years
Loan Amount Up to INR.
2.00 Cr.
ROI
18%
  1. Minimum & Hassle-Free Documentation
  2. Balance Transfer Facility
  3. Finance amount based on Collateral Security
  4. Amount is released depending upon the completion of work at each stage
  5. LTV Up to 65%
  1. Application form with a recent photograph along with Login Fee Cheque
  2. Proof of Residence: Any one of Ration Card / Telephone Bill / Electricity Bill / Voters Card
  3. Proof of Identity: Any one of Voters Card / Driving License / Employers Card
  4. Latest Bank Statement / Passbook of all banks
  5. Latest 3 Months Salary Slip with all deductions & Form 16 for the last 2 years.
  6. Copies of All the Property papers along with complete back chain papers
  7. Construction Estimate for the proposed Construction 
  8. Income Tax Returns for last 3 years
  9. Certified Financial Statements for last 2 years
  10. Stamp duty & Other charges as applicable