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ome Extension Loans - Grihum Housing

Home Extension Loan

Make more room for happiness!

Our Home Extension 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 Extension Loan eligibility criteria to ensure that your dream home is within reach.

Your Dream Home, Effortlessly Attainable

Taking the first step towards your dream home should be a joyous occasion. With Grihum Housing Finance, you can expect a seamless process with straightforward eligibility criteria.

Whether you own a garment business, grocery, pharmacy or general store, dairy, hardware, mobile or electronics shop, mechanic, jeweller, service provider or a public/private sector employee, our commitment is to make your dream home accessible.

Our loans require minimal documentation, with a hassle-free application process. Your dream home is closer than you think, and we're here to make it a reality.

Home Extension Loan Eligibility Criteria

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 Extension 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

*The above list is indicative and additional documents may be required during processing of your application.

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