Unlock Financial Tools, Investment Insights, And Expert Guidance – All In One Convenient App !
Visit Our ABCD PageHealth Insurance
Housing Finance
Life Insurance
Mutual Funds
Personal Insurance
SME Finance
Stock & Securities
Get the flexibility to fund the amount directly to the architect or engineer.
Secure competitive rates on your home construction loans, to lower your monthly payments.
Enjoy a stress-free experience with a simplified documentation process that streamlines applying for a loan.
No geographical restrictions! Purchase land anywhere in India and build your dream house with presence across 130+ branches
Select between EMIs or structured repayments, depending on what works better for your needs and budget.
Seamlessly transfer your existing home loan to ABHFL for lower interest rates and a more convenient repayment period.
You can apply for a home construction loan if you come under one of these categories.
Check your eligibility for the Home Construction Loan
Calculate your need and the EMI you can afford conveniently
Gather the required documents
Read the loan terms and conditions
Apply for the Home Construction Loan
Read the loan terms and conditions
Apply for the Home Construction Loan
Find out the interest rates applicable to you.
Are you eligible for a home construction loan? Check whether you meet the criteria.
TRANSACTIONS | CHARGES |
---|---|
Loan Processing/Administration Fee | Home Loans : Up-To 1% Of The Loan Amount Other Loans : Up-To 2% Of The Loan Amount |
Part Payment/Pre-Closure Charges: |
• Floating rate loans given to individuals, where all applicants and co-applicants are individuals: Nil
• Home Loans (other than floating rate Home Loans to individuals): 2% of principal outstanding |
Other Charges:
Default Penal Interest Rate / Non Conformance With Any Covenants / Stipulated Conditions |
24% p.a. i.e. 2% per month |
TRANSACTIONS | CHARGES |
---|---|
NACH Failure Charges | ₹750/- per instance |
Accrued Interest |
As applicable based on actual delayed status or as communicated by the lender from time to time |
CERSAI Charges |
when the facility amount is equal to ₹5 lakh or lesser – ₹50 per property
When the facility amount is greater than ₹5 Lakh – ₹100 per property |
Pre-closure Quotes | ₹1,000/- per instance |
Request for Any Copies of Any Collateral | ₹750/- per instance |
Duplicate Statement/Repayment Schedule | ₹200/- per instance |
TRANSACTIONS | CHARGES |
---|---|
Stamp Duty, Legal and other Statutory Charges, Insurance Premium, Creation Charges with ROC | As per actual, where applicable |
TRANSACTIONS | CHARGES |
---|---|
Cheque Return Charges | ₹750/- per instance |
CIBIL Report Retrieval Fee |
₹50/- per instance for Consumer and
₹500/- for Commercial CIBIL |
Loan Re-Schedulement (at the discretion of ABHFL) Charges | 0.50% |
NOC Issuance Charges | ₹500/- |
Cancellation Charges (if any) | 4.00% of the loan amount disbursed |
Swap Charges (Fixed or semi-fixed rate to floating and vice-versa) |
2% of the loan outstanding |
Fees and Other Charges | Applicable GST @ 18% will be levied |
Disclaimer: The above charges constitute the rack rate for all customers. Actual charges for any customer, if different, will be as communicated at the time of loan sanction and disbursal and will be subject to changes from time to time.
Passport/ Aadhaar Card/ Voter's ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)
Salary slip for the last 3 months showing all deductions and Form 16
Last 6 months
Rental receipts or documents showing receipt of income
Copy of title documents and approved sanction plan
Passport/ Aadhaar Card/ Voter's ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)
IT Returns or financial documents for the last 2 years and computation of income certified by a CA for the last 2 years
Latest 6 months
Rental receipts or documents showing receipt of income
Copy of Title documents and approved sanction plan
You are eligible for a loan of
₹ 0*EMI @ 9% Interest Rate
₹ 0*Don’t just take our word for it. Hear from our customers about their successful financial journey with us
Looking for a home loan? Apply online with the ABCD app and get a quick loan. Move into your dream home with a hassle-free loan process.
Scan the QR code to download our Mobile App
A home construction loan is specifically designed for individuals seeking to build their residential property on their owned land. It provides the unique advantage of disbursing the loan amount directly to either the architect/engineer or to the borrower, offering flexibility in financing for a seamless home construction experience.
A home construction loan covers the expenses related to building the property itself and does not include the cost of purchasing the land. The disbursal of the total loan amount occurs in stages, aligning with the various construction phases of the property.
Attractive Interest Rates: ABHFL provides attractive interest rates for home construction loans, ensuring that financing your home-building project is cost-effective. These competitive rates result in more budget-friendly monthly payments, facilitating easier financial management throughout the construction of your residential space.
Loan Tenure up to 20 Years*: ABHFL gives you flexibility with loan terms up to 30 years*, making it easier to spread out your repayments. This helps ease the monthly burden, making your home construction plans more achievable.
Quick & Transparent Processing: ABHFL is committed to providing a quick and transparent loan approval process for your home construction loan application. You'll get regular updates, stay in the loop, and quickly secure the funds to kickstart your project
No Prepayment Charges for Floating-Rate Home Loans Given to Individuals: ABHFL offers you the flexibility to make extra payments on your home construction loan with no prepayment charges. This means you can pay off your loan faster and save on interest costs if your financial situation improves.
Attractive Balance Transfer Option Available: If you have an existing home construction loan with another lender, consider transferring your balance to ABHFL and take advantage of the competitive interest rates. The balance transfer process is simple and hassle-free, allowing you to consolidate your loans and potentially save significant amounts of money over the loan term.
Doorstep Services: Recognizing the importance of your time and convenience, ABHFL offers personalised doorstep services to streamline the loan application process. Our dedicated team is committed to guiding you through every step, ensuring a seamless and stress-free experience right from the comfort of your home.
To apply for an ABHFL home construction loan, you can follow these steps:
Step 1: Visit the ABHFL website and download the home construction loan application form.
Step 2: Fill in the application form completely and accurately.
Step 3: Attach the required documents, such as your KYC documents, income proof, property documents, and NOC from your existing lender (if applicable).
Step 4: Submit the duly filled-out form and required documents to your nearest ABHFL branch.
Step 5: An ABHFL representative will review your application and contact you to discuss your loan requirements.
Step 6: Once your loan is approved, you will need to sign the loan agreement and complete the necessary paperwork.
You can also apply for an ABHFL home construction loan online or by calling the ABHFL customer care number (1800 270 7000). For any assistance, you can also write to us at care.housingfinance@adityabirlacapital.com
The home construction loan amount can extend up to 100% of the construction value, subject to considerations such as age, annual income, and other relevant factors.