Get the Residential Constructions Loan
Get Residential Construction Loan through our simple and effortless process. Transform your dream home into reality with LIFC.
- Construct your own home
- Renovation of a home
Get financing for whatever you need now
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 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 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 %
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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