Self Construction
Home Construction Loan
Build your home your way. Get funds disbursed in tranches based on the stage of construction of your house on a freehold plot.
Tranche-based DisbursalInterest Only PeriodCustom Tenure
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Loan Details
Home Construction Loan Calculator
Calculate your EMI and total interest for a home construction loan, and explore flexible repayment options.
Instant Approval
No Hidden Charges
100% Digital Process
Representative Example:
Borrow ₹2,00,000 over 12 months at 25.8% APR. Total repayment: ₹2,29,038.83 with monthly EMIs of ₹19,086.57.
EMI Calculator
₹2,00,000
12
25.8%
Monthly EMI
₹19,086.57
Total Interest
₹29,038.83
Why Opt for a Home Construction Loan?
Designed for those building their own house on a plot they own:
- Self-construction on a freehold plot
- Demolishing an old structure and rebuilding
- Complete flexibility in design and architecture
How It Works (Disbursement)
Funds are not released at once, but in tranches based on progress:
- Stage 1: Plinth Level (Foundation)
- Stage 2: Lintel Level (Walls)
- Stage 3: Roof Casting
- Stage 4: Finishing (Plastering, Wiring, Flooring)
Documents Required
Includes technical estimates:
- Plot title deeds (proving ownership)
- Approved Building Plan from Municipality/Gram Panchayat
- Construction Estimate vetted by a Civil Engineer
- Non-Encumbrance Certificate
Interest Rate & Features
Standard home loan rates apply:
- Pre-EMI: Pay only interest on the amount disbursed during construction
- Tranche-based release prevents misuse of funds
- Tax Benefits: Available on interest (Sec 24b) after construction is complete
- LTV: Includes cost of construction + plot value (if bought recently)
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