Home Construction Loan features & benefits with attractive Interest Rates

Home Construction Loans by Grihum Housing Finance Limited

Your dream home deserves more than just bricks and mortar, it deserves the perfect foundation of financial support.

We understand the aspiration to construct a home from the ground up, tailored to your every desire. That's why we offer Home Construction Loans designed to transform your vision into reality.

Unlock More with Grihum Housing Finance

Already have a Home Construction Loan?

With Grihum Housing Finance, you have the flexibility to top up your loan amount, financing various needs seamlessly.

Additionally, you can transfer your construction loan balance to us and enjoy lower monthly EMIs, making your existing financial commitments more manageable.

Explore the Features & Benefits of our Home Construction Loan

Our feature-rich Home Construction Loan schemes which are designed for a seamless and pleasant experience.

Home Loan for all your housing needs

Affordable housing loans

Balance transfer

Top-Up loan

Flexible
repayment tenure

Minimum documentation

Attractive interest rates

End-to-end
doorstep service

Discover Unparalleled Benefits on Taking Home Construction Loan
Embark on your homeownership journey with Grihum Housing Finance, where your dreams find a home. We understand that owning a home is more than a transaction, it's an emotional investment.
Comprehensive Solutions for Every Dream House
Whether you're envisioning a new home, expanding your current space, constructing your dream abode from scratch, or considering a resale property, we have the perfect Home Loan solution for you.
Affordability at its Core
Our commitment to making homeownership accessible is reflected in our affordable Home Construction Loans, starting as low as ₹5 Lakhs, coupled with competitive interest rates.
Financial Freedom, Simplified
Managing your Home Construction Loan has never been more straightforward. Transfer your outstanding home loan amount to Grihum Housing Finance and reduce your monthly EMIs effortlessly.
Flexibility Tailored for You
Enjoy the freedom to choose a repayment tenure that suits your lifestyle, ranging from 1 to 30 years.
Hassle-Free, Swift Process
Experience a streamlined journey with Grihum Housing Finance. Our straightforward eligibility criteria and minimal documentation ensure a hassle-free application process.

Our Home Construction Loan Eligibility Criteria is simple with minimal documents

Embarking on the journey to homeownership should be exciting, not burdensome.

At Grihum Housing Finance, we've simplified our Home Construction Loan eligibility criteria to ensure that your dream home is within easy reach.

	Salaried Individuals	Self-Employed Individuals	Firm / Company
Eligible Borrowers	Government / Semi government / PSU / Private and MNC companies / Proprietorship or Partnership firms	Proprietor / Partners / Directors Or Self-Employed Professionals like Chartered Accountant, Company Secretary & Doctors	Partnership or Private Limited companies engaged in Manufacturing, Servicing or Trading
Age	The minimum age of applicant at the time of loan application should be a 21 years and maximum of 65 years or the retirement age, whichever is lower.	The minimum age of applicant at the time of loan application should be a 21 years and maximum of 65 years or the retirement age, whichever is lower.	The minimum age of Proprietor / Key Partner / Key Director at the time of loan application should be a 25 years and maximum of 65 years or the retirement age, whichever is lower.
Income	Net monthly take-home salary should be minimum ₹ 20,000	Gross annual income should be minimum ₹ 3 Lakh	Annual turnover should be minimum ₹ 10 Lakhs
Experience / Vintage	Minimum One year	Minimum Two years in current Business or Profession	Business stability / Vintage of minimum 3 years
Citizenship	Individuals with Indian Citizenship	Individuals with Indian Citizenship	Proprietor / Partners / Directors with Indian Citizenship

Documents Required for Home Construction Loan

	Salaried Individuals	Self-Employed Individuals	Firm / Company
Identity Documents	PAN Card Aadhaar Card Passport (Not Expired) Driving License with Photo Voters Identity card issued by the Election Commission of India Job Card issued by NREGA duly signed by an officer of the State Government	PAN Card Aadhaar Card Passport (Not Expired) Driving License with Photo Voters Identity card issued by the Election Commission of India Job Card issued by NREGA duly signed by an officer of the State Government	Firm / Company PAN Card, GST Registration Certificate (If applicable) and Other Applicable Registration documents KYC of Partners / Directors (PAN Card and Aadhaar Card)
Address Proof	Aadhaar Card Passport (Not Expired) Driving License with Photo Voters Identity card issued by the Election Commission of India Job Card issued by NREGA duly signed by an officer of the State Government Letter issued by the National Population Register containing details of name and address	Aadhaar Card Passport (Not Expired) Driving License with Photo Voters Identity card issued by the Election Commission of India Job Card issued by NREGA duly signed by an officer of the State Government Letter issued by the National Population Register containing details of name and address	Electricity bill for owned premises Rent agreement for rented premises Passport for Partner / Directors
Income Documents	Latest 3 months’ salary slip Form 16	Income Tax Returns along with computation for last 2 years Profit/Loss statement and balance sheet for last 2 years	Income Tax Returns along with computation for last 2 years Profit/Loss statement and balance sheet for last 2 years GST Returns
Bank Account Statement	Latest 6 months’ bank statement evidencing salary credits	Operative bank account statement for last 6 months	Operative bank account statement for last 6 months
Property Documents	Property documents along with legal & technical clearance of the property

Know our Home Construction Loan Interest Rates & Charges

Understanding the financial aspects of your Home Construction Loan is essential.

We believe in complete transparency and affordability, ensuring that your homeownership journey is smooth and stress-free.

Competitive Interest Rates for Your Comfort

Flexible Foreclosure Charges

Transparent Processing Fee

Comprehensive Information

Competitive Interest Rates for Your Comfort
Our Home Construction Loan interest rates are not just competitive; they are designed to be affordable, starting at just 9.90% to 17.25% p.a.
Flexible Foreclosure Charges
Transparent Processing Fee
A processing fee of 0.50% on your sanctioned loan amount plus GST is applicable.
Comprehensive Information
For detailed information on other fees, please refer to our provided link.

About Grihum Housing Finance Home Loan

We welcome you to buy your dream home with our Home Loan offering! At Grihum Housing Finance, we understand your precise needs and bring you the best home loan offering.

Fulfil your dream of owning a home with Grihum Housing Finance Home Loans, starting from ₹5 Lakhs at an attractive interest rate and with tenure up to 30 years. We offer simple Home Loan eligibility criteria, a hassle-free application process, and minimal documentation for quick loan disbursal. Apply now and enjoy the benefit of exclusive end-to-end doorstep assistance and longer tenure at zero hidden charges.

So, take a step forward towards buying your dream home with Grihum Housing Finance. To apply now all you have to do is provide us with the details and we will provide you doorstep assistance. Our tailor-made Home Loans can be availed by salaried or self-employed individuals. Non-Individuals like Firms / Societies or Trust LLP / Private Limited / Limited companies can also apply for a Home Loan with us. This loan can be availed for buying a residential units, which are fully constructed new property, under-construction property or resale property. The loan can also be availed for self-construction of a residential units. With Grihum Housing Finance Home Loans, you can do more than just buying a home!

Already have an existing Home Loan? With Grihum Housing Finance, you can get a Top-Up on your loan amount and finance your every need, or you can even transfer your loan balance to us and enjoy lower monthly EMIs.

Frequently Asked Questions About Home Construction Loans

What is a Home Loan and how does the process work?

A home loan is a secured loan/credit option provided for housing purposes like purchase, construction, extension, or renovation of residential property. The loan eligibility largely depends upon several factors like employment, annual income, credit score, and more. Post verification of your eligibility and property documents, the loan is disbursed. Then, your Equated Monthly Instalment (EMI) will start for the availed home loan repayment. A home loan is said to be closed when the principal and interest component is completely paid off by the borrower either until the end of loan tenure or by way of prepayment.

How to apply for Grihum Housing Finance Home Loan?

a. You can apply for our Home Loan through a simple and hassle-free online application:

Click on Apply online and fill in a loan application form with your basic details
Submit your KYC, Income & Property documents, and Bank account statements to check your loan eligibility
There will be a quick verification and assessment of your documents
We’ll follow a quick process to approve your loan application
Once approved, your home loan will be instantly transferred to yours or the builder’s bank account, as per your request.

b. You can call us on our Toll-Free Number 1800-266-3204 and talk to our representative for personal assistance.

c. Or you can visit us at our branch near you, click here to locate the address.

What is the minimum loan amount that I can borrow?

We provide home loans starting from ₹ 5 Lakhs onwards.

Can I use Home Loan for renovation and improvement?

Yes, you can renovate, modify or make improvements to your house with our Home Loan offering.

What are the types of Home Loans provided?

With Grihum Housing Finance Home Loans, you can do more than just buying a home! We provide loans for self-construction of Bungalows / Independent Houses, purchase of new Houses / Flat / Villas, or for purchases of re-sale Houses / Flats / Villas / Bungalows. You can also avail of our home loan for flat extension/renovation/improvement.

Do I get any tax benefits on Home Loan?

Yes, if you’ve opted for the old tax regime, your home loan is eligible for tax deductions under section 80C. You can claim a deduction of up to ₹ 2 Lakh and up to ₹ 1.5 Lakh for principal repayment.

What is the Home Loan interest rate at Grihum Housing Finance?

Our home loan offering come with affordable interest rates starting at 9.55% p.a.

How do I calculate my Home Loan EMI?

To calculate easy monthly instalments for the home loan amount you want to apply, you can use our simple and effective Home Loan EMI Calculator. All you need to do is enter these 3 important components:

a. Home Loan Amount

b. Loan Repayment Tenure

c. Interest rate

What are my Home Loan tenure options?

At Grihum Housing Finance, we offer you longer loan repayment tenure of up to 30 years.

Is there any age limit to apply for Home Loan?

Yes, to avail of our Home Loan, the applicant must meet the defined age criteria:

Salaried or self-employed individual must be minimum 21 years at the time of loan application and maximum 60 years at loan maturity.
Proprietor/director of firm/company, should be minimum 25 years at the time of loan application and maximum 65 years at loan maturity.

Is there a property insurance required for Home Loan?

There is no stated obligation for the applicant to take property insurance. But it is highly recommended, as buying home loan insurance offers security that covers the loan borrower’s outstanding loan liability if he/she dies during the loan repayment term.

How to get a Home Loan statement?

To get your home loan statement or if you have any other query, you can drop an email at customercare@grihumhousing.com or call us on 1800-266-3204. Our Customer Care support team is just a call away for all your needs with regards to your loan with us.

Can I get a Top Up Loan facility with Grihum Housing Finance?

Yes, we do provide a Top Up Loan to our existing customers, allowing them to borrow a certain amount over and above their existing home loan with the benefit of attractive interest rates and longer tenures.

What are the documents needed to avail a home loan?

As we provide Home Loan for salaried individual, self employed individuals and companies, you can check the complete list of documents required as per your applicant category in our Eligibility and Documents section.

What are the eligibility criteria for Home Loan?

We have different eligibility criteria for salaried individuals, self-employed individuals, and firms / companies. To know and understand your eligibility criteria, please refer to our Eligibility and Documents.

How can I check my Home Loan eligibility?

To know if you are eligible for Grihum Housing Finance Home Loan offering, refer to our Eligibility and Documents. section. You can contact us on our Toll-Free Number 1800-266-3204 or visit our nearest branch for personal assistance.

Who all are eligible for a Balance transfer loan?

We provide Home Loan for salaried individuals, self-employed individuals, and companies starting at 9.55% p.a. To know the detailed eligibility criteria as per your applicant category, kindly click and refer our Eligibility and Documents section. You can also enjoy the advantage of lower monthly payments by transferring your outstanding home loan availed from other banks/financial institutions to Grihum Housing Finance.

What are the benefits of availing Grihum Housing Finance Home Loan?

Our Home Loans are designed to cater to a wide range of housing needs of our customers, be it the purchase of residential construction / under-construction projects, extension, or renovation of property. Finance your housing dream with our home loans involving quick processing and unmatched benefits such as:

Affordable loans starting from as low as ₹ 5 Lakhs
Simple eligibility criteria and minimum documentation
Flexible repayment tenure up to 30 years with no foreclosure charges
Completely transparent loans with zero hidden charges
PMAY scheme with maximum interest subsidy of up to ₹ 2.67 Lakhs
End-to-end doorstep service

Can I have a co-applicant for Home Loan? Who can I include?

Yes, you can avail Grihum Housing Finance Home Loan with a co-applicant who can be your immediate family member. This helps to make you eligible for a significantly higher loan amount while sharing the loan repayment and availing higher tax benefits.