A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Home Loan for Home Construction

    There are a number of banks and NBFCs across the country which offers home loans for home construction. Build your dream home with the help of these loan products at affordable rates of interest and nominal processing charges.

    Features and Benefits of Home Loan for Home Construction

    • Enjoy the benefits of flexible loan repayment tenure
    • The loans are processed and disbursed quickly
    • Choose from a wide range of loan products to suit your requirements
    • Enjoy easy and hassle-free application and verification process
    • Pay nominal fees and charges

    Best Home Loans for Home Construction

    1. PNB Housing Finance Limited Home Construction Loan

      PNB Housing Finance offers the Home Construction Loan for customers who own a piece of land and are willing to self-construct a residential house property on the same. The features and benefits of the scheme can be summed up as follows:

      • Enjoy flexible repayment options
      • PNB Housing Finance Ltd. offers quick and easy loan approval and disbursal through door-step services.
      • Choose from a wide range of home loan products which serves your requirement
      • Avail the benefits of Home Extension Loans, Plot Loans, and Home Improvement Loans
      • PNB facilitates the option of loan enhancement in the case of cost escalations

      Explore: PNB Housing Finance Home Loan

    2. DHFL Home Construction Loans

      If you own a plot of land and are planning to avail a loan for building your dream house, you can avail the DHFL Home Construction Loan. With nominal fees and charges and competitive rates of interest, the DHFL Home Construction Loans can be considered as a go-to option. The key highlights of the scheme can be summed up as follows:

      • Lucrative rates of interest starting at 8.75% p.a.
      • Nominal processing fee and other charges
      • Avail a loan of up to 100% of the estimated construction cost
      • Avail a loan repayment tenure of up to 25 years
      • Enjoy the tax benefits on the home loan
      • DHFL offers flexible loan repayment options

      Explore: DHFL Home Loan

    3. Bajaj Finserv Home Construction Loan

      Bajaj Finserv Home Construction Loans are designed to help an individual meet his or her expenses for the construction of a home on a piece of land. The features and benefits of the Bajaj Finserv Home Construction Loan can be listed as follows:

      • Lucrative rates of interest starting at 7.00% p.a.
      • Avail tax benefits on your Bajaj Finserv Home Construction Loan
      • Avail a loan of up to Rs.3.5 crore
      • Enjoy hassle-free and quick approval of loan application
      • Enjoy the benefits of quick loan disbursement
      • Avail the balance transfer facility with ease
      • Avail the benefits of top-up loans of high valuation

      Explore: Home Loan Eligibility Calculator

    4. State Bank of India (SBI) Realty Home Loan

      State Bank of India (SBI) offers the SBI Realty Home Loan for customers who are willing to buy a piece of land or who are willing to build their own house on a plot of land. The highlights of this scheme are as follows:

      • Enjoy low rates of interest
      • Avail discounted rates of interest for women borrowers
      • Enjoy nominal processing fee
      • Avail a loan repayment tenure of up to 10 years
      • No penalty is charged for pre-payment of loans
      • The interest is charged on Daily Reducing Balance method

      Explore: State Bank of India Home Loan

    5. Muthoot Fincorp Self Home Construction Loan

      Muthoot Fincorp Self Home Construction Loan is a loan product which can be availed by an eligible individual for the purpose of constructing a house on a plot of vacant land. The features and benefits of the scheme can be summed up as follow:

      • Enjoy simple and hassle-free loan application process
      • Enjoy quick loan approval and disbursal
      • Avail a loan amount of up to Rs.25 lakh
      • Avail a loan repayment tenure of up to 20 years
      • Avail tax benefits on the home loan scheme

      Explore: Home Loan Interest Rate

    Verdict

    If you have a plot of land and are planning to build a house, you can consider getting a home construction loan for the same. There are a number of features and benefits which can be availed by customers under these schemes. Avail a home construction loan to realise the dream of building your own house.

      

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