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Our specialized home construction loan transforms your dream home into reality. Our construction loan is tailored for new builds, releasing funds in stages to align with construction progress.
You pay interest only on the amount used per phase, easing financial management. This loan caters to diverse needs: plot purchase, custom design, material procurement, remodeling, upgrades, tear-downs, rebuilds, and masonry services.
Benefit from competitive rates, minimal documentation, fast approvals, and quick disbursals. Use our EMI Calculator for effective planning. Start building your dream home today. Contact us for seamless construction financing.
Building your dream home starts with securing the right financing. Our home construction loan process is designed to be simple and transparent, with eligibility criteria that ensure you can get the support you need. Here are the key requirements to qualify for our home construction loans:
| Criteria | Details |
|---|---|
| Age Requirement | 21 at application, 65 at loan maturity |
| Loan Tenure | Minimum 2 years, maximum 12 years |
| Salaried Individuals | ₹30,000 monthly salary, 3 years experience |
| Self-Employed Professionals | 3 years business vintage |
| CIBIL Score | 650 or above |
| Minimum Loan Amount | ₹2 lakhs |
Note: This is just an indicative list additional criteria and documents may be required at the time of loan application.Self-attested copy of relevant documents.
Process of applying for loan against property is easy and fast with us. Some of the ways you can apply for loan are :
You can call us on
our customer care number
1800-890-6544
Email us on
customercare@tiffanyfinance.com
and we will get
in touch
with
you.
Yes, once the home is complete, you can usually convert the construction loan into a traditional mortgage for the long-term financing.
A home construction loan covers plot purchase and construction. This type of loan doesn't provide funding for plot purchases alone, and borrowers are required to complete the construction within three years of obtaining the home construction loan.
Failing to complete construction on time can lead to financial penalties or the need to extend the loan term
The maximum home construction loan that is sanctioned can reach up to 90% of the project's total cost, taking into account the borrower's credit profile and ability to repay.
Minimum loan tenure is 2 years and maximum are 12 years.
You can apply for any type of loan with the below options: 1. You can directly apply from our website Apply Now Page. 2. You can call us on our customer care number @ 1800-890-6544 3. You can email us on customercare@tiffanyfinance.com and we will get in touch with you. 4. Visit our nearest branch to get support directly from our executives.
