Deepak Kumar (Senior Advisor) 9410928747 Mon - Sun: 9:00 AM - 8:00 PM
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Direct Senior Advisor
Deepak Kumar
Call 9410928747

9410928747

deepakkumar@shriramindiafinance.com

Loan Assistance Featured Product

Construction Loan

Loan for building a house

View Eligibility Criteria
Key Highlights
Starting Interest Rate 8.65% p.a. Interest rates are identical or close to home loan brackets, disbursed in progressive stages.
Loan Tenure Up to 25 Years
Loan Amount Range ₹5 Lakhs to ₹3 Crore

About This Loan

If you already own a residential plot or wish to construct additional floors/wings on your existing property, a Home Construction Loan provides staged capital disbursements linked to construction milestones (e.g., foundation, plinth, slab casting, brickwork, finishing).

Shri Ram India Finance helps you prepare the necessary civil estimates, builder agreements, municipal approvals, and architect valuations required by lenders.

Key Features

Milestone-based disbursements synced with actual civil construction progress
Pay Pre-EMI interest only on the disbursed amount during the construction phase
Tax benefits applicable once construction completion certificate is acquired
Flexible tenures up to 25 years for low post-completion EMIs
Covers material, architectural, and labor expenses as per certified estimate

Eligibility Criteria

Final eligibility parameters are evaluated by individual lenders based on credit bureau reports and repayment capacity.

  • Borrower must own the plot with a clear, unencumbered title deed
  • Sanctioned building plan from local municipal or panchayat body
  • Certified construction cost estimate prepared by a licensed architect or chartered engineer
  • Applicant Age: 21 to 65 years with stable income capacity
  • CIBIL score 700+ preferred

Documents Required

Keep these documents ready to ensure quick verification and smooth coordination with lending partners.
Plot ownership title deed, revenue records, and tax receipts
Approved building layout and sanction permit from municipal corporation
Detailed cost estimate signed by an architect or chartered civil engineer
KYC and income documents (Salary slips / ITR / Form 16 / Bank statements)
Photographs of the vacant plot before construction begins

Benefits of Applying With Us

Pay interest solely on the tranche actually drawn, saving money during the building process
Ensure structural inspections through periodic bank engineer site visits
Build your home precisely to your architectural taste and family specifications
Expert assistance in compiling technical and legal dossier for lenders

Who Can Apply?

Plot owners planning self-construction of private residential bungalows, builder floors, or home additions.

Construction Loan FAQs

Unlike lump-sum loans, funds are disbursed in tranches (e.g. 20% on foundation, 30% on roof slab, etc.) based on inspection of progress by the lender’s technical valuer.

Pre-EMI is the simple interest charged on the actual amount disbursed until the construction is complete and the full loan is disbursed.
Dedicated Support

Apply for Construction Loan

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Deepak Kumar

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Call 9410928747

Other Loan Categories You May Consider

Plot Loan

Information and assistance for financing the purchase of a residential plot for future home construction.

Starting Rate 8.65% p.a.
Max Tenure 5 to 20 Years
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Looking for Construction Loan?

Share your requirement with us and our team will contact you to explain eligibility and partner options.