Home Construction Loan

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HOME CONSTRUCTION LOAN

Building your dream home or renovating your current one can be an exciting project. However, funding such a project can be a daunting task. At KIFS Housing Finance Ltd, we offer Construction Loans that can help you turn your dream into a reality.

Our Construction Loans are designed to provide you with the financial assistance you need to build or renovate your property. With our competitive interest rates and flexible repayment options, you can focus on your project without worrying about the financial burden.

Loan Amounts:

With KIFS Housing Finance, you can borrow a Construction Loan ranging from 1 lakh to 50 lakhs. Whether you are looking to build a new house, renovate your existing one, or add additional rooms, we have a Construction Loan that suits your needs.

Interest Rates:

We offer competitive interest rates that are tailored to meet the needs of both salaried and self-employed individuals. Our interest rates are as follows:

SALARIED

SELF EMPLOYED

Loan Tenure:

Our Construction Loan tenure ranges from 1 to 20 years, depending on your needs and repayment capacity. We understand that building or renovating a property can take time, and our loan tenure is designed to make the repayment process flexible and affordable for you.

Documents Required:

We require the following documents to process your Construction Loan application:
• Income Proof: Salary slips, bank statements, or Income Tax Returns (ITR) for the last three years.
• Identity Proof: Aadhar Card, Voter ID Card, Passport, or PAN Card.
• Age Proof: Birth Certificate, Passport, or Aadhar Card.
• Address Proof: Utility bills, Passport, or Aadhar Card.
• Employment Details: Appointment letter, salary slips, or employment certificate.
• Educational Proof: School/ Diploma/ Degree certificates.
• Bank Statements: Bank statements for the last six months.
• Property Details: If you have finalized the property on which the loan is applied.

Fees and Charges:

Once you have completed the formal application and document submission process, you need to pay a processing fee to maintain your Construction Loan account. Our processing fee for your Construction Loan application is minimum and varies based on the loan amount.

At KIFS Housing Finance Ltd, we understand the importance of turning your dream into a reality, and we are committed to helping you do so. Our team of experienced professionals will guide you through the entire Construction Loan process, from application to disbursement, ensuring that your experience is stress-free and hassle-free.

Apply for a Construction Loan online with KIFS Housing Finance Ltd today and take the first step towards building or renovating your dream home!

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