C O N S T R U C T I O N L O A N F O R H O M E Build Your Dream Home with Easy Construction Loan for Home INTRODUCTION Building a house requires significant financial planning. A construction loan helps fund different stages of construction. Unlike regular home loans, funds are released in phases, matching the progress of the build. What is a Construction Loan? A short-term loan offered for building or renovating a residential property. Money is disbursed in stages (foundation, structure, finishing). Converted into a regular home loan after construction completion. FEATURES OF CONSTRUCTION LOAN Flexible disbursement in installments. Tenure: 12 months to 30 years (depends on lender). Interest charged only on the amount disbursed. ELIGIBILITY CRITERIA 01. Salaried or self- employed applicants. 02. Good credit score (700+ preferred). 03. Proof of ownership of the land. 04. Approved building plan and cost estimate. DOCUMENTS REQUIRED PROPERTY DOCUMENTS (LAND PAPERS, NOC, APPROVED BUILDING PLAN). CONSTRUCTION AGREEMENT & COST ESTIMATES FROM ARCHITECT/BUILDER. IDENTITY & ADDRESS PROOF (AADHAAR, PAN, PASSPORT). INCOME PROOF (SALARY SLIPS, IT RETURNS, BANK STATEMENTS). 1.Apply with required documents. 2.Loan sanctioned after verification. 3.Funds released in phases – as per construction milestones. Foundation completed → first disbursement. S t r u c t u r e c o m p l e t e d → s e c o n d d i s b u r s e m e n t . F i n i s h i n g s t a g e → f i n a l d i s b u r s e m e n t . 4 . A f t e r c o m p l e t i o n , l o a n c o n v e r t s t o a r e g u l a r h o m e l o a n . HOW DOES IT WORK? BENEFITS OF CONSTRUCTION LOAN Pay interest only on used funds. Easier cash flow during construction. Flexibility in financing different stages. Helps in building a home without exhausting savings. More paperwork than regular home loans. Construction delays can affect disbursements. Interest rates may be slightly higher. Requires strict monitoring by banks. THINGS TO CONSIDER CONCLUSION A construction loan is ideal for individuals planning to build their own home. It offers flexibility, stage-wise funding, and helps reduce upfront financial burden. Always compare lenders, check terms, and ensure timely completion of the project. 1 GARAGE 4 BEDS 2 BATH 1 POOL CONTACT INFORMATION 1800 270 7000 https://homefinance.adityabirl acapital.com/ care.housingfinance@adityabirla capital.com