Building a house, especially your own home, is a very
special experience. Right from planning its architecture to laying the first
foundation and designing its interiors, the joy, satisfaction and fun is
inexplicable. The flip side being that it can be a very long drawn, tedious and
expensive process. The more practical aspects of constructing a house involves
a lot of responsibility, thorough research and in-depth planning. For most of
us, paying home construction expenses up front can be a mammoth task, or
absolutely impossible. Getting a mortgage might not be the most ideal thing to
do, and can also be very tricky. In this scenario, the best thing to opt for is
a construction loan.
A construction loan is offered by most leading banks for the
purpose of construction of a house/residential property. With this loan you can
get the financial assistance to construct your dream home on a plot owned by
you. Banks insist that the land on which the house is being constructed must be
owned by you. We are providing 100% Loan Guarantee Apply 04433044488 With
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Eligibility:
The standard eligibility criteria for availing a home
construction loan are as follows–
• You can
apply for a home construction loan either individually or jointly. All the
proposed owners of the property have to be co-applicants.
• All the
co-applicants need not be co-owners of the property.
• Both
salaried and self-employed individuals are eligible for this loan.
• Not only
citizens of India residing in the country are eligible, but some banks also
offer home construction loans to NRIs. The documents required for the latter
may vary from that of the former.
Usually, most banks also have eligibility criteria based on
the following factors -
• Age
• Educational
Qualifications
• Number of
dependants
• Stability
and volume of income
• Repayment
capacity
• Income of
co-applicant
• Volume of
assets and liabilities
Documentation:
The standard documents required for Home Construction Loan
have been listed below. Please note, that some additional documents required
may differ from one bank to another.
• Proof of
identity. This needs to be government issued identity proof like PAN card,
Aadhar card, valid passport, Voter ID card
• Proof of
income – latest form 16 and IT returns, salary slip of last 3 months, bank
statement of last 6 months
• Proof of
residence - Rental agreement, electricity bill, PAN card, passport.
We are providing 100% Loan Guarantee Apply 04433044488 With
Instant Approval Nationalized Bank. Get more information Call @ 9840136583
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