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TrustCapital Global Technologies

CONSTRUCTION LOAN

Home Loans For The Purpose Of Self-Construction Of A Residential House Property. This Is A Unique Offering For Customers Who Already Have Land Owned By Them And Need Funds For Financing The Construction Of The Residential House Property On The Land.

TrustCapital Global Technologies

INSTANT APPROVAL

Best Interest rate for Women

Tenure up to 30 years

Loan amount up to 80-90% of cost of property

Compare across banks

Tax Benefit in principal and interest

Loan for Construction, improvement, BT,Top up etc.

Construction Loan Form

TrustCapital Global Technologies

ABOUT CONSTRUCTION LOAN

A loan that is offered by a bank or financial institution when you intend to purchase or construct a house
Construction Loans begin at Rs. 4 lakhs and can cover up to 80% of the cost of property or construction with an interest rate of 6.90 - 11.00%
The loan can be repaid over a period of 5 to 30 years.

Construction Loan Products

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

House Construction Loans
House construction loan used to finance the construct a home according to your wish,the process of loan approval is different from normal new purchase loan to constriction home loan.
Home Improvement Loan
Home Renovation/Home Improvement loan is used to finance if you already own a home but lack the funds to renovate your home, a home improvement loan can help. With this loan, you can improve your home like repairs, replacement, painting etc.
Home loan Top Up
Top up loans are taken in order to finance take additional amount on existing home loan during the repayment tenure based on your eligibility. You can avail this option any time during the tenure.
TrustCapital Global Technologies

Features of Construction Loan

Applicable for Individuals or Joint
Home Loans can be applied by individual or jointly. Proposed owners of the property will have to be co-applicants. However, the co-applicants need not be co-owners
Best Interest Rates for Women Borrowers
Some Banks offers special interest rates for women borrowers compared to others.
Choose your amount and Tenure
Get Loan up to 80% (may be 90%) based on the customer repayment capacity,home loan tenures allow easy repayment options to the borrower. Banks provide Home loans for 30 Years subject to the age of retirement.
Income Tax Benefit:
Principal repayment under section 80c – Principal can be claimed up to the maximum of Rs. 150,000 under Section 80C. This is subject to the maximum level of Rs 200,000 across all 80C investments. Home loan interest repayment under Section 24 -Interest can be claimed as a deduction under Section 24. You can claim up to Rs. 2,00,000 or the actual interest repaid whichever is lower. This is only allowed when you live in that house.
TrustCapital Global Technologies

ELIGIBILITY

Minimum age of applicant:21 years of age for salaried individuals and 25 for self employed
Maximum age of applicant at loan maturity:58 years of age for salaried individuals and 65 for self employed
Who can apply:Resident Indian/NRI
Minimum Net Monthly Income:Rs 15,000
Employment Type:Salaried/ Self-employed professionals and nonprofessionals
Down payment and repayment of loan :
Banks require the borrower to fund at least 20% of the entire loan amount as the down payment.
Home Loans are repaid through Equated Monthly Installments (EMIs) that comprise both the principal and interest.

DOCUMENTS

Individual ID proof:PAN Card, Passport, Driving License, Voter ID, Aadhar Card.
Signature Proof:PAN Card, Passport, Driving License, Bank Verification form.
Address Proof:Passport, Driving License, Voter ID, Aadhar Card, Mobile/Land line Bill, Rental Agreement, Gas Bond with Bill, Sale Deed,Property Tax, Electricity Bill, Aadhar Card.
Own House Proof:Sale Deed, Property Tax, Electricity Bill.
LandLine/Post Paid Mobile Bill:Mandatory.
Office Address Proof:Telephone Bill, VAT Balance Sheet with Schedules, Current A/C Statement, Rental Agreement, Electricity Bill(if office own), Property Tax, Sale Deed.
Company 3 years ITR's:Saral Copy, Computation of Income, Profit and Loss Account, Balance Sheet with Schedules.
Bank Statement:6 Months Savings and Current Bank Statement.
If turn over above 1 crore:Form no. 3CB, 3CD Required.
Proprietorship Firm:Business Registration certificate,Business Continuity Proof,All Existing Loan Tracks,OD/CC Sanction Letter
Partnership Firm:All Directors KYC,Company PAN Card,Individual ITR's,Patnership Deed,Provisional or VAT return copies along with VAT certificate copy,All Existing Loan Tracks,OD/CC Sanction Letter
Private Limited:All Directors KYC,Company PAN Card,Individual ITR's ,MOA or AOA,Share holding Pattern,Board Resolution
Signed Application form With Photograph:Two Photographs.
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