Construction Loans

Build your dream home from the ground up with our flexible construction loan options

Features of Our Construction Loans

  • Loan amount up to ₹5 crore
  • Competitive interest rates starting from 9% p.a.
  • Flexible repayment tenure up to 20 years
  • Disbursement in stages as per construction progress
  • Option to include cost of land in the loan amount
  • No pre-payment charges

Eligibility Criteria

  • Age: 21-65 years
  • Employment: Salaried individuals or self-employed professionals
  • Income: Minimum annual income of ₹5 lakhs
  • Credit Score: 700 or above
  • Must own a plot of land or be in the process of purchasing one

Required Documents

  • Identity Proof (Aadhaar Card, PAN Card, Passport, etc.)
  • Address Proof (Utility Bills, Passport, etc.)
  • Income Proof (Salary Slips, IT Returns, etc.)
  • Bank Statements for the last 6 months
  • Land ownership documents
  • Approved building plan
  • Cost estimate from an architect or engineer

Loan Application Process

  1. Fill out the online application form
  2. Submit required documents
  3. Property and document verification
  4. Technical and legal assessment of the construction project
  5. Loan approval and agreement signing
  6. Disbursement in stages as per construction progress

Why Choose Tata Capital for Your Construction Loan?

  • Expertise in financing construction projects
  • Flexible disbursement schedule aligned with construction stages
  • Dedicated relationship manager to guide you through the process
  • Competitive interest rates and transparent charges
  • Quick loan approval and disbursement process

Ready to Start Building?

Take the first step towards constructing your dream home. Apply for a construction loan today!

Apply Now

Frequently Asked Questions

How is a construction loan different from a regular home loan?

A construction loan is specifically designed for building a new home. Unlike regular home loans, construction loans are disbursed in stages as the construction progresses, and you only pay interest on the amount disbursed.

Can I include the cost of land in my construction loan?

Yes, you can include the cost of land in your construction loan if you're purchasing the land and constructing on it simultaneously. However, if you already own the land, its value can be considered for determining your loan amount.

How long does it take to approve a construction loan?

The approval process for a construction loan typically takes 7-10 working days, provided all required documents are submitted and verified. The process may take longer if additional assessments are required.