☑ Farm House Purchase, LAP, and Construction Loans
☑ Up to 50 Crores Loan, Lowest Rates from Top Banks/NBFCs
☑ Easy Documentation, 7-Days Fast Approval
☑ Up to 70% Finance, 20-Year Tenure
☑ Expert Support from Start to Finish
Farmhouse Loan: Feel Beyond
An agricultural or residential plot meeting a minimum size requirement can be classified as a farmhouse based on city or state regulations. Due to the larger size of farmhouses, local authorities permit a lower Floor Area Ratio (FAR). For instance, in Delhi, as per the DDA 2021 master plan, a farm house requires a minimum plot size of 4000 sqm (0.40 hectares), with a maximum FAR of 15%, and one dwelling unit allowed per acre.
Farmhouse loans are versatile loans with the following unique selling points (USPs)
✔ Farm House Loan Purpose: You can use it for buying a farm house, obtaining a loan against farm house, or for construction purpose.
✔ Highest Eligibility: Farmhouse loans can be offered based on various income assessment methods, including gross profit, gross turnover, repayment track record, average bank balance, as well as the Liquid Income Program.
✔ Higher LTV: For farmhouse loans, the Loan-to-Value (LTV) ratio can be up to 70% of the property value. This, along with a longer loan tenure of 20 years, ensures that you can get the maximum loan amount for your needs
✔ Lowest Interest Rates: Farm house loans have lower interest rates compared to unsecured business loans or term loans. Additionally, these loans offer flexible options for part payments and foreclosure.
✔ Quick Approval: With our help, expect your farmhouse loan to be approved within 7 days of applying. We make the entire process from application to disbursement smooth and efficient.
Submit your details for a quick and easy farmhouse loan.
Institutions We Deal With…
We connect you with the right lender for your needs.
Home Loan for Farm House
Looking to turn your dream of owning a farmhouse into reality? Look no further! Joy Loan offers specialized assistance for home loans for farm houses. A loan for a farm house is a specialized loan, but we’ve got you covered.
Home loans for farmhouses are available from leading banks and NBFCs, ensuring competitive interest rates and flexible repayment options. If your sanction plan for the farmhouse is approved by the local municipal corporation, leading banks can offer you lowest interest rates, making your dream investment even more affordable.
Even if your sanction map is not approved, don’t worry! Joy Loan has partnered with select NBFCs that can still offer loans to purchase farmhouses, albeit at slightly higher rates. With our experience in the loan industry, we understand the intricacies of farmhouse financing and can guide you through the process seamlessly.
So why wait? Take the first step towards your farmhouse dream today! Submit your contact details with Joy Loan, and let us help you secure an easy and hassle-free loan for buying a farm house. Your dream farmhouse awaits, and we’re here to make it happen for you!
Send your details right now for expert assistance.
Loan Against Farmhouse
Looking for a reliable financial solution to meet your needs? Consider a Loan Against Farmhouse, also known as a Farmhouse LAP. This type of loan allows you to raise a substantial funds in times of need. Whether you need funds for business, purchase additional property, consolidate debt, or fulfill personal expenses, a loan against farmhouse can provide the financial support you require.
A Loan Against Farmhouse comes with tenure of up to 15 years. Leading banks and NBFCs offer competitive interest rates on farmhouse LAP loans. With quick and hassle-free processing, you can access the funds you need in no time.
Joy Loan has over a decade of experience in serving thousands of customers like you. We are committed to providing expert assistance every step of the way. Our dedicated team will work tirelessly to ensure that you receive the best possible loan against your farmhouse, tailored to your specific requirements.
Don’t let financial constraints hold you back. Take your step towards securing your farmhouse LAP loan today! Submit your contact details, and let us help you unlock the potential of your farmhouse property.
Send your name right now for financial freedom
Loan for Construction of Farmhouse
If you already own land for a farmhouse and have obtained construction approval from the local municipal corporation/council, you can secure a loan for the construction of your farmhouse. Farmhouse construction loans offer benefits similar to those of home loans. The construction loan is disbursed in trenches linked to the progress of construction, ensuring that funds are released as needed to complete different stages of the project.
Ready to turn your farmhouse construction plans into reality? Let Joy Loan assist you with your farmhouse construction loan. Your farmhouse awaits – start building your dream today!
Build your farm house. Discover new happiness…
FAQ Farm House Loan
Difference Between Home Loan and Loan to Purchase Farm House:
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.
Nature of Facility Under Loan Against Farmhouse:
You can get a farmhouse LAP loan as a term loan, or as an overdraft.
Can We Get the Seller's Loan Transfer with a Home Loan for Farmhouse?
Yes. The transfer of the seller's loan is available under a home loan for farmhouse from a few financial institutions.
What Are the Requirements for a Farmhouse Loan?
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.
Properties Eligible for Farmhouse Loan:
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.
Can I Get Top-Up on Farmhouse Loan?
Top-up loans can be offered along with balance transfer of home loan for farm house and loans against farmhouses.
Maximum Finance on Farmhouse Loans
Up to 50 Crores.
Financial Eligibility for Farmhouse Loans:
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.
Loan Against Farmhouse with Low CIBIL Score
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.
Loan for Buying Farm House by NRI:
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.
Financial Institutes Available for Farmhouse Loan:
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.
Current Low Interest Rates for Farmhouse Loan:
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!
Farm House Loan Tenure:
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.
Part Payment Option:
Yes. Typically available after 12 months.
Foreclosure Option:
Yes. Typically available after 12 months.
Some foreclosure charges might apply, especially with Farmhouse LAP loans.
Joy Loan's Service Area for Farmhouse 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 for Properties with Technical Challenges
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!
Loan-to-Value (LTV) on Farmhouse Loans
It can go up to 70% depending on the location.
Processing Time for Farmhouse Loans
Lending banks/NBFCs approve loans in 1 to 2 weeks, contingent on location, type of requirement, borrower profile, and income methods.
Processing Fee and Charges
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.
Joy Loan's Coordination Charges
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!
Why Choose Joy Loan for Your Farmhouse Loan?
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.
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