Home Construction Loan - Available at Money Mango
Home Construction Loan
Home Construction Loan is available for the self-construction of a residential property. This is a one-of-a-kind solution who already owns the Plot.
For the construction Loan client shall start constructing with his own funds after we sanction, payments will be released in 3 to 4 phases depending on the work progress.
For every stage of release our bank panel engineer will visit site and recommend for further release of the payment as per bank policy, especially for construction loans.
For final stage of release Painting will be the last job. whatever the payment released interest will be collected till completion of the project.
Complete EMI will be paid after releasing of the entire sanctioned construction loan.
Documents Required
KYC Details :
- Applicant & Co- applicant
- Pan Card
- Aadhar card of both
Employment Details :
- Company job offer letter
- Latest 6 months salary pay slips
- Salary crediting account statement for latest 1 year
- In case of cash salary, require salary certificate from employer or company
- If existing loans are running –
sanction letters with loan statement for 1 yr require .. - For any clarification call us on +91 9611077666
Latest 3 Or 2 Or 1yr ITR
1 yr company current (or) saving account statement in case of proprietorship firm.
GST Certificate Or Partnership deed Or Incorporation certificate
GST returns latest 2 yrs
Copy of PAN card
Copy of the telephone or electricity bill
If existing loans are running –
sanction letters with loan statement for 1 yr require ..
For any clarification call us on +91 9611077666
Sale deed
Mother deed of previous transactions
RTC – Revenue track records
Latest property tax paid receipts
Latest Encumbrance certificate ( EC ) on present ownership
Layout plan incase of plot or site purchse
Conversion copy of the land
Any development authority approval letter
Building approved plan
Sale agreement incase of purchase loan with OCR proof
If any documents clarification pls do call us to clarify on +91 9611077666
Frequently Asked Questions
It will be 7.4% Onwards. If Cash salaried
Upto 25 yrs. If part payment options will be available. with no pre closing charges. Depends on bank.
It will be part payment. 2 to 3 payments for entire project.
Got Execute d 35 lakh construction loan of Haqpatra property near Many at a Tech Park Govindpur Bangalore North. Thank you so much To Money Mango.