Retail / Individual Loans
Open Plot Purchase + Construction Loans
Finance both the purchase of open land and the construction of your property with a single loan product. Build your dream home from scratch with our comprehensive funding solution.
Key Features
Combined Financing
Single loan for plot + construction
High Funding
Up to 80% of total project cost
Competitive Rates
Interest from 9% p.a. onwards
Long Tenure
Up to 25 years repayment period
Stage-wise Disbursement
Funds released as per construction progress
Flexible EMI
Pre-EMI option during construction
Why Choose Us?
Dream Home
Build your home your way
Single Loan
One loan for complete project
Flexible Disbursement
Pay as construction progresses
End-to-End Support
Guidance from plot to home
Documents Required
Plot Documents
- Sale Deed / Agreement
- EC (15 years)
- Tax Receipts
- Layout Approval
- Khata Certificate
Construction Documents
- Building Plan Approval
- Construction Estimate
- Architect Certificate
- Contractor Agreement
Income Documents
- ITR (2-3 years)
- Bank Statements (6 months)
- Salary Slips / Business Proof
Frequently Asked Questions
How does the disbursement work?
The loan is disbursed in stages - first for plot purchase (if not already owned) and then in 4-5 tranches based on construction progress verified by bank's technical team.
Do I pay EMI during construction?
You can opt for pre-EMI (interest only) during construction phase, which converts to full EMI after construction completion. This reduces initial payment burden.
What is the maximum construction time allowed?
Most lenders allow 18-36 months for construction completion. Extension may be available with valid reasons.
Can I include interior work in the loan?
Basic interiors like flooring, electrical, plumbing are covered. Modular furniture and fixtures may have limited coverage depending on lender policy.