Farm House Loan

Home loans are offered for buying ready-to-move houses/flats or for purchasing land or constructing residential properties.

However, a farmhouse is a special kind of property as it is generally carved out of agricultural lands. Most financial institutions do not offer commercial loans on agricultural lands. To be eligible for a home loan for farm house, both the land and the building need to adhere to the norms laid down by the state/city administration. While some banks avoid financing farmhouses, others do offer home loans to buy farm houses.

You can get a farmhouse LAP loan as a term loan, or as an overdraft.

Yes. The transfer of the seller's loan is available under a home loan for farmhouse from a few financial institutions.

The land must be converted for use as a farmhouse or a low-density residential plot. Additionally, the construction map approval and completion certificate should be obtained from local administrative authorities.

In the absence of a approved map or completion certificate, some NBFCs may offer farmhouse loans at slightly higher interest rates.

Leading banks offer loans on farmhouses that have proper approvals and are being used for residential purposes, either for self-use or rental purposes.

A few NBFCs also finance farm houses that are being used for commercial purposes.

Top-up loans can be offered along with balance transfer of home loan for farm house and loans against farmhouses.

Up to 50 Crores.

Leading banks and NBFCs use various income eligibility methods for loan eligibility, which can include:

• Gross turnover
• Gross profits
• GST returns
• Average bank balance
• Repayment track record
• Rental incomes (including cash rentals)
• Cash incomes under liquid income assessment programs

Rest assured, we always select the most suitable financial institution based on your profile and needs, ensuring that your journey towards securing your dream farmhouse is as smooth and rewarding as possible.

With reasonable justification backed by supporting documents, you may get a Farmhouse LAP loan. Get in touch with us immediately to discuss your details.

For such challenging cases, certain coordination charges may be payable.

NRIs, as well as other non-residents of India such as PIOs, OCIs, seafarers, and merchant navy personnel, are eligible to apply for a loan to purchase farmhouse. However, the farmhouse should fully comply with local norms laid out by the city / state administration.

If your property complies with all building norms of local authorities, you can get a farm house loan from leading banks such as HDFC Bank, Bank of Baroda, Axis Bank, etc. If there are some deviations, leading NBFCs may offer you finance options for a farmhouse loan.

Submit your contact details today, and let us find the right loan solution based on your profile and property.

If your farmhouse complies with norms, home loans for farm houses can start with a low interest rate of @ 8.75%. Loans against farmhouses can start as low as 9.50%.

Submit your application now to benefit from these current low interest rates!

Loans for buying farm houses have a tenure of up to 20 years. In contrast, farmhouse LAP loans have a maximum tenure of 15 years.

Yes. Typically available after 12 months.

Yes. Typically available after 12 months.

Some foreclosure charges might apply, especially with Farmhouse LAP loans.

We offer farmhouse loans starting from 3 Crores in Delhi NCR and North India, and from 5 Crores nationwide. Contact us now for loans in major cities like Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, and more!

Farmhouse loans typically require properties to comply with local norms. However, with Joy Loan's expertise and access to 50+ lending institutions, we can help secure farmhouse loans for properties facing technical challenges such as lacking an approved map or completion certificate, exceeding FAR coverage norms, or being used for commercial purposes.

Submit your details now and let Joy Loan simplify the process for you!

It can go up to 70% depending on the location.

Lending banks/NBFCs approve loans in 1 to 2 weeks, contingent on location, type of requirement, borrower profile, and income methods.

Financial institutions may charge a processing fee of up to 1% for purchase and construction, and up to 1.25% for loan against farmhouse cases. A slightly higher processing fee may apply in cases of liquid income assessment (income challenge) or for properties with technical issues.

Certain NBFCs may require loan protector insurance as a mandatory requirement, typically financed by the financial institution itself.

Depending on the challenges, Joy Loan charges a one-time nominal coordination fee after the loan approval. These charges are only payable for challenging cases, such as non-standard income assessment or properties with technical challenges (e.g., no map, extra coverage, or commercial use of farmhouse).

Submit your details today to overcome hurdles and achieve your dream with ease!

Joy Loan simplifies your farm house loan process with tailored solutions and matching you with the right lender. Apply now for better deals than competitors and enjoy a seamless application journey. With over a decade of experience, we've helped hundreds like you realize their dreams.

Our experienced team offers specialized services, ensuring a smooth and hassle-free process. Choose Joy Loan today to secure your farmhouse loan effortlessly.