Get the Residential Constructions Loan

Get Residential Construction Loan through our simple and effortless process. Transform your dream home into reality with LIFC.

Get financing for whatever you need now

Purpose

Purpose of Loan

The purpose of this loan is to provide short term finance for building residential property or home.

  • For Self Construction House
  • Renovation & Repairing
features

Features of Residential Constructions Loan

We assist you in providing Residential Construction loan in no time. Get funds in tranches as housing loan. EMI starts after you get the complete payment.:

  • Ticket size: Up to Rs.6 Lakhs
  • Tenure: up to 7 years
Eligibility

Eligibility Criteria for Residential Constructions Loan

Below mentioned minimum eligibility criteria must be fulfilled to get your loan.

Type of customer: Income wise IP & NIP, agree allied business & small size business in rural & semi-urban area

  • FOIR should be 40%-45%
  • Self-employed
  • MOD of property and LTV should be < 50 %
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Documents Required for Residential Constructions Loan

A minimal document requirement makes the LIFC a right choice for your  loan. Take a look at the document required by you to get the Residential Construction loan

  • Income Proof
  • KYC
  • Bank statement for the last 6 months
  • Guarantor
  • Lady SPDC
  • IT returns 
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