APAC HOUSING FINANCE IS DELIGHTED TO OFFER CUSTOMERS LOANS
TO FINANCE THE CONSTRUCTION OF THEIR DREAM HOME

Purpose of Loans

  • Loans provided to borrowers who possess their own land and require funds for constructing a residential home
  • Loans provided for construction on a freehold plot, or on a plot alloted by a Development Authority
  • If your loan does not meet these criteria, please click here to explore our other product categories

Product Features

Tenure

Up to 20 Years

Repayment

Equated Monthly Instalments (EMI) through Automated Clearing House (ACH).

Tax benefits

Tax deduction, subject to a maximum limit of ₨ 2 Lakhs for interest payments, and up to ₨ 1.5 Lakhs for principal repayment. Tax benefit can be shared between co-borrowers, subject to certain conditions.

Interest Rate RPLR 18.50%
Interest Rate Discount to RPLR
Interest Rate Range 11.0% - 14.5% 7.5% - 4.0%
Processing Fee
Mortgage Origination Fee ₨ 5,000 plus applicable taxes and/or other statutory levies. This is a one time non-refundable fee, and is collected for the purpose of appraising the application for the Loan, and is independent of the outcome/result of such appraisal. This amount is payable at the time of submitting the application form.
Processing Fee Up to 2% of Loan Amount plus applicable taxes and/or other statutory levies.

Maximum Loan Amount

Loan Amount

5 Lakhs to 35 Lakhs

Maximum Funding*

80% of Market Value or 80% of Construction Value, whichever is lower

*Subject to Market Value of the property and repayment capacity of the customer, as assessed by APAC Housing Finance