Construction Loan in Delhi, Gurgaon, Noida, Faridabad & Ghaziabad
If You want to take Construction loan to construct a house on a self-owned or a financed plot. In this case, the plot on which the house is being constructed is mortgaged as a security against the loan. The general terms governing construct a house on a self-owned or a financed plot. In this case, the plot on which the house is being constructed is mortgaged as a security against the loan. Construction loan attracts normal rate of interest of home loan, so It is cheaper then other type of loan.
The general terms governing Construction loan are:
- The Construction loan provided is on the basis of the approved architects construction estimate submitted by the customer, usually the loan is restricted to 85% of the construction cost.
NRI & PIO can also take Construction loan for construction, renovation & extension of home. Apart from construction on residential plots, commercial properties can also be constructed with construction loan
Generally banks & NBFC do not extends construction loan to unapproved properties, but we can help you to get construction loan in unapproved properties or without map properties.
You can get in touch with us to apply construction loan for leading banks & NBFC offering lowest rate of interest on construction loan.