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