A home construction loan is a type of home finance that allows customers to obtain the necessary funds to finance the construction of residential properties.
Customers have been able to expedite their home construction at competitive construction home loan interest rates, affordable EMIs, and a hassle-free online application process.
You can get a loan of up to 100 per cent of the construction value, with a maximum of 90 per cent of the market value using Home Construction Loans. Generally, this loan is part of a home loan.
Banks in the public and private sectors, small finance banks, regular rural banks, and foreign banks in India. Additionally, non-banking financial companies (NBFCs) offer property loans.
Some banks to name a few are SBI Bank, ICICI Bank, HDFC Bank, IDFC First, Tata Capital, Axis Bank, Kotak Mahindra Bank, IIFL, DHFL, Poonawalla Fincorp. Karur Vysya Bank, Karnataka Bank, Deutsche Bank, PNB Housing, LIC Housing Finance, Yes Bank, IndusInd Bank and some other banks
Interest rates may range between 8% – 25% per annum. Up to 20 years may be the maximum loan tenure.
Please check your EMI with our EMI Calculator.
You can also check your credit score through a credit score provider
**The above rates may change from time to time. Please check with your bank for the current interest rate.**