Construction Finance Overview

Construction Finance are usually taken out by builders or home buyers who are custom-building their own home (see Getting A Mortgage When Building Your Own Home). Once construction on your house is completed, you can either refinance the construction loan into a permanent mortgage or get a new loan to pay off the construction loan.

Construction Finance - Eligibility

Residential Projects
Loan Amount   :           1.00 Cr to 100 Cr
Tenure             :           upto 60 month

Eligibility Calculator

Check Your eligibility for loans.


How much loan you are eligible for?

Loan EMI Calculator

Loan Amount is 30000
No. of Month is 30
Rate of Interest `{`ROI`}` is 10
Monthly EMI

Total Interest

Payable Amount

Interest Percentage

Construction Finance Documents

Identity Proof – (Borrower, Co-borrower & Main Promoter)
  • PAN Card (mandatory) and any one of the below documents
  • Voter Card
  • Aadhar Card
  • Valid Passport
  • Driving License
Address Proof  – (Borrowers, Co-borrower & Guarantors)
  • Voter Card
  • Aadhar Card
  • Valid Passport
  • Latest Utility bill
  • Municipal or property tax receipt
  • Residence or Office Ownership proof (Title documents / House tax receipt)
  • Legal Existence (Sales Tax / Service Tax registration Certificate)
  • Latest list of Directors / Partners and Share holding Pattern on letter head of the company / Firm
  • MOA / AOA along with certificate of incorporation in case of Companies
  • Two Years Financials for applicant firm / company covering following + ITR with computation of Income +Audited financials with annexure +TAX audit report + Auditors report where ever applicable
  • Provisional financials if last audited financials are more than 12 months old. (applicable from closure of each financial year)
  • VAT returns for period after balance sheet date (if applicable)
  • 1 years  latest bank statement of all main bank account/ operating account of the company / firm
  • Latest Sanction letter of the limits as reflecting in balance sheet of the company / firm
  • CA Certified Net worth statement
  • Profile of company & Promoters & Details of past projects–Documentary evidence of past 3 projects done
  • Complete Chain of Property Papers
  • Approved Maps, Construction Permission & All the relevant NOCs
  • Cash flow details

Frequently Ask Questions

Construction Finance are usually taken out by builders or home buyers who are custom-building their own home.

For, residential projects loan amount from 1.00 Cr to 100 Cr.

Yes, a co-applicant can be added in order to get a better credit score and avail of a larger loan amount. It also help you to increase the loan amount you are eligible for. The income of the co-applicant also features in your valuation and helps in increasing your chances of getting a personal loan.

You have the flexibility of opting for Equated Instalment, Bullet Repayment or Ballooning Repayment (depending on the requirements of your business). PDCs, ECS mandate or Electronic Transfers are all accepted means of payment.

Yes,  prepayment of loans can be done after 6 months of loan payments.

Apply for Construction Finance

You can apply for a Construction Finance online, All you need to do is provide your details below application form.