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Construction finance- reason to choose

Construction Finance

  • 15.00% - 16.00% Floating Interest
  • 5 Yrs Maximum tenure
  • 300 Lakhs Minimum amount

For Builders only.

Processing fee 0.5% - 1.5% of the loan amount.

REASON TO CHOOSE US 1

  • Swift Turnaround of 48 Hours

    Get your loan sanctioned within 48 hours of application, provided all documents are in order. Upgrade into ‘Your Own Home’, swifter than you imagined.

  • Maximum Disbursal Amount

    Finances are no longer a constraint, because we give up-to 90% of your property value as a loan

  • Flexible Repayments

    We give you a home sweet loan with customized EMI options.

Loan against property -Factors Affecting

FACTORS AFFECTING YOUR ELIGIBILITY

  • Monthly Income The higher your income, the higher the loan amount eligibility and greater your chances of acquiring your dream home.
  • Age Starting early has its benefits. Applying at age 30-35 years makes you eligible for a higher loan amount, as compared to applying when you are 40-50 years old.
  • Property Value Quality adds to credibility. Choosing a good property in an approved society, colony or area is viewed more favourably by banks.
  • Credit History Your Credit History can open or close the gate to your dream home. Always maintain a good CIBIL score.
  • Employment Status As a Salaried person, you must have a minimum of 3 years work experience, to become eligible for a home loan.
  • Professional Status As a self-employed professional or a businessman, you must submit your professional details, business status record and bank statements as proof of your financial stability.
  • Relationship with Lender A good understanding with the bank can go a long way in negotiating a good loan amount at lower rates.
  • Your Employer Category Working at a well-regarded company not only adds to your reputation, but also your loan eligibility. A Fortune 500 Company on your visiting card really helps!.

Product Identify - LOAN PROCESS

LOAN PROCESS

01

APPLY ONLINE

Start with your mobile number with your current location and preferred location of your home loan. Move to your Aadhar and Pan-Card verification for us to authenticate you. Once we have your identity details, you will quickly proceed to the next stage

02

SUBMIT DOCUMENTS

With our online application, you do not have to submit any income-proof documents physically. A simple scan and upload helps you with your eligibility in a matter of a few minutes.

03

GET A SANCTION ONLINE

Once you are through, you will know your eligibility and have an option to get your Sanction Letter on your registered email ID.

04

PROPERTY VERIFICATION

We need to ensure that the property is legally and technically clear. In case you have not identified a property, our team will assist you in identifying a property for you based on the best RERA registered projects we have an association with.

05

DISBURSEMENT DOC

Time to celebrate! But hold on a second. Before the big moment arrives, you finally need to submit documents to prove that you have paid your personal contribution towards the property.

06

LOAN DISBURSAL

All said and done! You are now left with signing of the loan agreements and we will coordinate directly with your builder. So, go ahead! You are well on your way towards your own Home.

01

APPLY ONLINE

Start with your mobile number with your current location and preferred location of your home loan. Move to your Aadhar and Pan-Card verification for us to authenticate you. Once we have your identity details, you will quickly proceed to the next stage

02

SUBMIT DOCUMENTS

With our online application, you do not have to submit any income-proof documents physically. A simple scan and upload helps you with your eligibility in a matter of a few minutes.

03

GET A SANCTION ONLINE

Once you are through, you will know your eligibility and have an option to get your Sanction Letter on your registered email ID.

04

PROPERTY VERIFICATION

We need to ensure that the property is legally and technically clear. In case you have not identified a property, our team will assist you in identifying a property for you based on the best RERA registered projects we have an association with.

05

DISBURSEMENT DOC

Time to celebrate! But hold on a second. Before the big moment arrives, you finally need to submit documents to prove that you have paid your personal contribution towards the property.

06

LOAN DISBURSAL

All said and done! You are now left with signing of the loan agreements and we will coordinate directly with your builder. So, go ahead! You are well on your way towards your own Home.

Product Identify - DOCUMENTS NEEDED

DOCUMENTS NEEDED

  • IDENTITY PROOF

    Passport / PAN card / Voter's Identity Card / Driving License / Identity Card with applicant's photograph issued by Government, Aadhar Card.

  • ADDRESS PROOF

    Passport / PAN card / Voter's Identity Card / Driving License / Latest Utility Bill (electricity, telephone, postpaid mobile phone, piped gas and water bill) / Property Tax Receipt / Bank or Post Office Savings Bank Account Statement / Letter of Allotment of Accommodation issued OR Leave and License agreements issued by Government to the employee

  • SIGNATURE PROOF

    Driving License / Passport / PAN Card / Bankers' Verification / Registered Sale Deed / Government Employee ID Card

  • SALARIED INDIVIDUALS

    1. 3 Months Salary Slip for salaried employees or Salary Certificate 2. Copy of last 2 years Form 16 or IT Return 3. Bank Statement for the last 6 months of the Salary Account 4. Appointment / Confirmation Letter if current job tenure is less than 1 year