Apply Loan In A Mintue
Key Features
100% funding for
the entire construction cost
Loan tenure up to
30 years
Interest rates starting at
9.99%
For detailed fees and charges Click here *T&C apply
Who Can Apply for Self Construction Loan?
Eligibility for a self-construction home loan mainly depends on your employment type. Select your category below to check your eligibility.
Check Your Construction Loan Eligibility & Calculate EMI
-
Construction Loan EMI Calculator
-
Construction Loan Eligibility Calculator
₹
5L
5Cr
Years
5Y
30Y
%
10.50%
20%
Your Construction loan EMI is
₹34,438/-
Principal amount
₹25,00,000
Interest amount
₹16,32,560
₹
20k
10L
₹
0
5L
%
10.50%
20%
Years
5Y
30Y
Your Construction loan eligibility is
₹34,438/-
Principal amount
₹25,00,000
Interest amount
₹16,32,560
I accept the terms and conditions
Verify Your Mobile Number
Enter the 4 digit OTP sent to 78457896580
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Documents Required for Self-construction Home Loans
The documents required for a self-construction home loan depend on your profession or employment type.
KYC Documents
| Mandatory Documents | PAN card |
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| Document Proof Submit any one | Identity | Address |
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| Aadhaar |  |
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| Driving License | |
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| Voter's Identity Card | |
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| Passport | |
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| Job card issued by NREGA | |
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| Utility bills like Telephone Bill / Electricity Bill etc. |  |
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| Letter issued by the NPR containing details of photo / name | |
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Income Documents
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For Self Employed
- ITR for the previous two years, with computation
- CA audited financials wherever applicable
- 6 months primary bank statement
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For Self Employed
- ITR for the previous two years, with computation
- CA audited financials wherever applicable
- 6 months primary bank statement
Property Documents
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Property-Related Documents
- Stamped agreement of the sale / Sales Deed or the letter of Allotment
- NOC from the builder / housing society
- Possession Certificate
- Detailed Construction cost estimation
- Bank Account Statement
- In case of Constructed Apartment - Occupancy Certificate
Co-applicants
- Co-applicant is mandatory. Additionally, Woman co-applicant is mandatory in certain cases
- Co-applicant can be a spouse or any close family member who is an adult and meets the income-ownership requirements.
- All co-owners of property should be on loan structure
- Friends cannot be co-applicants (allowed only if they are coming in the capacity of Partners / Directors / Shareholder)
Passport Size photographs
Our Happy Customers
I was very much delighted with the way the loan was disbursed. I would like to also thank for the quickest response by Piramal Finance executive. The loan was disbursed in a week’s time in a hassle free manner.
CH Maruthi Prasad
VT Engineering, Indore
Appreciate the efforts of Piramal Finance for quick and smooth processing of my Loan Against Property. Piramal Finance team understood my requirements and explained the process, product details and required document list. Piramal Finance was helpful in every step and gave me quick loan sanction. Thank you Piramal Finance.
Dileep S
Peenya
I have availed Loan From Piramal Finance for Business Expansion. I was attended with utmost professional attitude and perfection. Piramal Finance very patiently answered all my queries and resolved all doubts. Once again, thanks a lot for serving my needs with such warmth.
Mohd Irshad Ansari
VT Engineering, Indore
We are in the business of financial planning but the day I finalized my property, I needed to get a loan I found Piramal Finance to be the best option. They cater to all the requirements of their customers and helped me at every single step to get a business loan.
Nirmal Dand
Financial Planner
I and my family were planning on buying a new home for which we needed a loan and I chose Piramal Finance. From collecting documents to guiding me at every step, Piramal Finance has been a strong support system through the process.
Uday Biradar
Software Director
Why Choose Us?
Do you want to construct a residence for yourself or for productive investments? Choose Piramal Finance for the best home construction loan. Many reasons make us the top choice. Here are a few of many:
Customized Home Construction Loan Offers
We customize our proposal to your financial plan, loan entitlement, and development needs. Start building existing houses with a big loan and the option to pay it back over 30 years. This allows you to build the perfect house you always wanted in the shortest amount of time and at the lowest possible cost.
Seamless Top-Up Loan Facility For Home Construction Purposes
The expenses of building a residential property are increasing every day. You can take advantage of our simple top-up funding solutions and refinance the outstanding loan to accommodate your requirements.
Smooth & Fast Construction Loan Disbursal
Bid farewell to disruptions and barriers in your home construction loan approval and disbursement with Piramal Finance. Our customer-centric services, along with the online application procedure, ensure that we approve and disburse loans quickly and easily.
Multiple Mode Of Repayment
Maximize loan repayment flexibility with EMIs or pre-payments for paying off the loan amount efficiently.
Ultimate Customer Satisfaction
We have a superb pan-India network infrastructure, so our clients are never far away. We have a dedicated team, advanced technology, and good customer service. We follow high ethical and transparency standards to ensure customer satisfaction.
More Home Loan Products
Frequently asked questions
What is a home construction loan?
A home construction loan offers individuals the necessary funds to afford the construction of a residential property on pre-owned land. If you have a dream home in mind, we can assist you in constructing it step by step.
We can provide you with the funds to fulfill your dreams. Therefore, you won't have to reside in a house created by another person. At Piramal Finance, you can get a house building loan at affordable interest rates.
What is the current home construction loan interest rate?
The present home construction loan interest rate at Piramal Finance begins at 9.99%* per annum. On average, most construction loans are subject to this standard interest rate.
The home construction loan interest rate represents the charge imposed on customers for borrowing the principal amount. We calculate your monthly EMI for the construction loan based on the lending rates we apply to the loan. If you choose a longer repayment tenure the interest amount will increase accordingly over time.
Can I get a loan for the construction of a house?
Piramal Finance offers loans to cover the expenses of constructing an existing home. We offer home construction loans to both salaried and self-employed people. You will have a personal relationship manager to guide you when applying for a house building loan.
How does a construction home loan work?
A home construction loan only involves the cost of building the property, not the amount required to purchase the land. We will disburse the total amount according to the construction plans or stage of the property.
How much construction loan can I get?
The home construction loan amount typically ranges from 70% to 90% of the property cost, depending on factors such as your age, annual income, and overall eligibility.
How to apply home construction loan at piramal finance with a few simple steps?
With a property construction loan from Piramal Finance, building your dream home feels simpler and more achievable. From day one, you are supported by a dedicated relationship manager who walks you through each step and clears doubts along the way.
Apply at a Branch
If you prefer a face to face conversation, visit your nearest Piramal Finance branch. Our team will help you submit your application and explain the construction loan process in detail.
Apply Online
You can also apply online in just a few easy steps. Start by filling in your basic personal and income details on the application form. Once submitted, your details are checked for verification.
A Piramal Finance executive will then connect with you to help with KYC documents, assess your eligibility and credit profile, and arrange the property inspection. If everything is in place, your construction loan gets approved, and your sanction letter is shared with you.
What are the applicable fees and charges for the piramal finance house building loan?
Some standard fees and charges are as follows:
- Processing Fees: Up to 5% of the Loan amount + applicable taxes
- Payment: You must pay the processing fees before we disburse the Loan.
- GST: All borrowers will have to contribute a certain amount toward GST.
- Part Payment/Pre-closure charges: 2% of the principal amount of the Loan being prepaid + applicable taxes.
Prepayment Exemption: No prepayment charges are applicable for partial or full payments made from sources other than borrowing from a Bank/HFC/NBFC or Financial Institution. Such sources are referred to as own sources.
Apply Loan In A Mintue
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Apply Loan In A Mintue
I accept the terms and conditions
Verify Your Mobile Number
Enter the 4 digit OTP sent to 78457896580
Change
4 Digit Code
0/4 Digits
Didn’t receive code?
00:30
Your request has been submitted successfully!
Here is your QR code
Scan the QR code with your mobile app
Request Failed
There was an error processing your request.
Please try again later.
Something went wrong
Please try again.
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