Home Construction Loan
Loans designed to finance the construction of a house on your own plot, with stage-wise disbursement aligned to construction progress.
Why Choose This Plan?
If you own a plot and want to build your dream home, a Construction Loan provides the funds in stages — disbursed as your construction progresses — so you only pay interest on the amount drawn rather than the total sanctioned loan. This stage-wise disbursement structure is both cost-efficient and practical. Our partner lenders offer tax benefits under Sections 80C (principal repayment) and 24(b) (interest), helping you maximise your tax savings throughout the construction period. Expert property valuation assistance is part of our service.
Key Features & Benefits
- Disbursements aligned with the stages of construction
- Lower interest rates for eco-friendly constructions
- Expert property valuation assistance
- Option to convert to regular home loan upon completion
- Tax benefits under Sections 80C and 24(b)
Frequently Asked Questions
Eligibility criteria vary based on age, medical history, and specific plan requirements. Contact our advisors for a detailed assessment of your eligibility.
The claim process is simple and hassle-free. You can initiate a claim through our online portal, or by contacting our customer support team with the required documentation.
Yes, premiums paid towards this insurance plan may be eligible for tax deductions under relevant sections of the Income Tax Act. Please consult with a tax advisor for specifics.
