Construction loan

Our construction loan facility can be used for constructing your dream home, on your owned plot.
It’s time to make your dream of constructing your own house come true. Home Construction Loans offered by Aaradhya Group are tailored for individuals seeking financial support to construct a house on a vacant plot. Starting from planning to execution, cover diverse expenditures effortlessly with this exclusive secured loan.

The unique feature of this advance is that loan disbursements are in the form of instalments as per the requirements of the borrower.As the borrower, place your disbursal requests whenever you require the funds, and we shall release the amount based on the stage of construction. You need not go through the hassle of managing cash, but simply focus on your project.Additionally, save extra by paying interests only on the funds used instead of the total principal.

1. High-value Financing - Construction of a house requires ample funds to meet the requirements adequately. Apply for higher amounts of up to Rs. 3.5 Crore with Aaradhya group Construction Loan and meet the expenses effectively.

2. Convenient Repayment Tenor- Avail the flexibility to select a convenient schedule with this secured loan. Consider your repayment ability and financial obligations to reduce any monetary burden.

3. Quick Approval- You need not wait for days to get loan approval. With Aaradhya group, go through a simple Construction Loan process of application and enjoy quick approval within a few minutes.

4. Faster Loan Disbursement- Get your loan amount disbursed post approval within 72 hours. We ensure to process your draw requests faster yet smoothly on time.

5. High-value Top-Up Loan- Opt for exclusive top-up loans of high value on your existing home loan with no other documents or charges. Use this fund to cover other related expenditures towards your construction project.

6. Easy Access to Loan Account Online- Be updated about your loan details, repayment schedule, upcoming EMIs, interest payable, etc. with easy online account management. Log in to your loan account or use the Aaradhya group Website any time at your convenience, round the year.

7. Enjoy Home Loan tax benefits- According to the Indian Income Tax Act 1961, borrowers are eligible to claim tax benefits against the interest and the principal amount repaid. Currently, exemption on interest amount is up to Rs. 2 Lakh and that on principle is up to Rs. 50,000. With us, avail tax benefits on your under construction property, and save more with this financial choice.

KYC Documents

1. ID & Address Proof (Any One Required)

• 1. PAN card (Mandatory, if income is considered for loan eligibility calculation)
• 2. Valid Passport
• 3. Voter ID card
• 4. Driving license
• 5. Aadhar Card

2. Residence Proof (Any One Required)

• 1. Utility Bill: Electricity, Telephone, Postpaid mobile, water bill etc.
• 2. Ration card
• 3. Letter from employer
• 4. Bank statement /copy of Pass book reflecting address
• 5. Valid Rent Agreement
• 6. Sale Deed

Income Documents

1. Salaried Individuals

• 1. Salary slips for the last 2 months or salary certificate*
• 2. Cash Salary – Income details on Company Letterhead
• 3. Copy of bank statements for the past 3 months (salary account)

2. Self-Employed Professional

• 1. Certificate of qualification for professionals : CA, Doctors or Architects
• 2. Copy of last two years’ income tax returns, along with computation of income
• 3. Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable.
• 4. VAT or Service Tax returns or TDS Certificate
• 5. Bank statement for the last 6 months (Savings account, current account and O/D account)

3. Self-Employed Non Professionals

• 1.Copy of your last two years’ income tax returns, along with computation of income
• 2. Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable
• 3. VAT or Service Tax returns or TDS Certificate
• 4. VAT or Service Tax returns or TDS Certificate
• 5. Bank statement for the last 6 months (Savings account, current account or an O/D account)

Property Documents

• 1.Allotment letter from builder
• 2. Agreement of Sale
• 3. Registration and stamp duty receipt
• 4. NOC from builder
• 5. Own Contribution Receipt (OCR )
• 6. All builder linked documents (Applicable for cases which are not approved or previously not funded by DHFL)
• 7. Development Agreement
• 8. Tripartite Agreement
• 9. Partnership Deed
• 10. Sale Deed
• 11. Title Search Report
• 12. NA orde

• A duly-filled loan application form
• Three passport size photographs of the applicant
• A government issued photo identity proof (Voter ID, passport, driving license, etc.)
• Proof of residence (telephone bills or electricity bills would suffice)
• For non-salaried applicants, proof of business is required
• Bank statement for the past six months
• Statement of personal liabilities
• Personal assets statement
• Signature identification from the present banking institution
• Documents required for the guarantor
• Statement for personal assets and liabilities
• Two passport size photographs
• Identity proof (Voter ID, passport, driving license, etc.)
• Proof of the current and permanent residence
• Address of the firm, in case the guarantor is self employed
• Signature identification from the present banking institution