Home Construction Loan
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Home Construction Loan offerings by Piramal Capital & Housing Finance Ltd. (Piramal Finance)
Key Features
Loan funded up to
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Loan tenure up to
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Interest rates starting at
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For detailed fees and charges Click here *T&C apply
Who Can Apply for Home Construction Loan?
Home construction loan eligibility criteria mainly depend on your employment type. Choose and check your eligibility.
Home Construction Loan Documents Required
For a House construction loan, we require certain documents based on the profession/occupation of the applicant.
Whatsapp me this document list
KYC Documents
Proof of Identity & Address
Income Documents
Proof of Income
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For Self Employed
- ITR for the previous two years, with computation
- CA audited financials wherever applicable
- 6 months primary bank statement
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For Self Employed
- ITR for the previous two years, with computation
- CA audited financials wherever applicable
- 6 months primary bank statement
Property Documents
Land & property related documents
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Property-Related Documents
- Stamped agreement of the sale / Sales Deed or the letter of Allotment
- NOC from the builder / housing society
- Possession Certificate
- Detailed Construction cost estimation
- Bank Account Statement
- In case of Constructed Apartment - Occupancy Certificate
Co-applicants
- Co-applicant is mandatory. Additionally, Woman co-applicant is mandatory in certain cases
- Co-applicant can be a spouse or any close family member who is an adult and meets the income-ownership requirements.
- All co-owners of property should be on loan structure
- Friends cannot be co-applicants (allowed only if they are coming in the capacity of Partners / Directors / Shareholder)
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Why Choose Us?
Do you want to construct a residence for yourself or for productive investments? Choose Piramal Finance for the best home construction loan. Many reasons make us the top choice. Here are a few of many:
Customized Home Construction Loan Offers
We customize our proposal to your financial plan, loan entitlement, and development needs. Start building existing houses with a big loan and the option to pay it back over 30 years. This allows you to build the perfect house you always wanted in the shortest amount of time and at the lowest possible cost.
Seamless Top-Up Loan Facility For Home Construction Purposes
The expenses of building a residential property are increasing every day. You can take advantage of our simple top-up funding solutions and refinance the outstanding loan to accommodate your requirements.
Smooth & Fast Construction Loan Disbursal
Bid farewell to disruptions and barriers in your home construction loan approval and disbursement with Piramal Finance. Our customer-centric services, along with the online application procedure, ensure that we approve and disburse loans quickly and easily.
Multiple Mode Of Repayment
Maximize loan repayment flexibility with EMIs or pre-payments for paying off the loan amount efficiently.
Ultimate Customer Satisfaction
We have a superb pan-India network infrastructure, so our clients are never far away. We have a dedicated team, advanced technology, and good customer service. We follow high ethical and transparency standards to ensure customer satisfaction.
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Frequently asked questions
What is a home construction loan?
A home construction loan offers individuals the necessary funds to afford the construction of a residential property on pre-owned land. If you have a dream home in mind, we can assist you in constructing it step by step.
We can provide you with the funds to fulfill your dreams. Therefore, you won't have to reside in a house created by another person. At Piramal Finance, you can get a house building loan at affordable interest rates.
The home construction loan interest rate represents the charge imposed on customers for borrowing the principal amount. We calculate your monthly EMI for the construction loan based on the lending rates we apply to the loan. If you choose a longer repayment tenure the interest amount will increase accordingly over time.
- Go to our application form and fill out the details
- Submit all your income and KYC documents
- Wait till the application gets processed for verification
- If everything meets the eligibility criteria, we will approve your loan within a few minutes.
- Afterward, we disburse and credit the loan amount to your bank account.
With a property construction loan from Piramal Finance, building your dream property comes within your reach. You will have a personal relationship manager to guide you when applying for a construction loan.
Some standard fees and charges are as follows:
- Processing Fees: Up to 3% of the Loan amount + applicable taxes
- Payment: You must pay the processing fees before we disburse the Loan.
- GST: All borrowers will have to contribute a certain amount toward GST.
- All loan types require a non-refundable fee of Rs. 3500/- plus taxes for application and login processing.
- Part Payment/Pre-closure charges: 2% of the principal amount of the Loan being prepaid + applicable taxes.
Prepayment Exemption: No prepayment charges are applicable for partial or full payments made from sources other than borrowing from a Bank/HFC/NBFC or Financial Institution. Such sources are referred to as own sources.