Home Construction Loan

Trident offers home construction loans for the purpose of self-construction of a residential house property.

An easy loan from a financial institution to purchase a plot and construct a home is one of the most popular ways to make your dream home a reality. However, it is recommended to check your home construction loan eligibility with the help of this loan eligibility calculator and also check the EMI amount with this EMI calculator. These two calculators will tell you how much loan you can get under the home construction loan and how much will be your monthly EMI.

Some of the primary advantages of home loans are low processing fees, provisional approval, 1 to 25-year terms, and adjustable EMIs. We finance properties in the district as well as in panchayats nearby to the city.

We shall get you the benefit of PMAY, if you are eligible.

We have amazing offers for rural housing with great penetration in its segment.

We are specialized in providing home loans to un-served, unreached and under-served markets

We offer the most competitive pricing and easy repayment plans to borrowers seeking home loans. We have an easy loan application process for you. You may either choose to visit our branch, download our mobile app and submit your interest.

Why take a Home Construction loan?


It offers the freedom to create your own space as per your likes and preferences. A home construction loan allows you to build your dream house where you can choose everything by yourself such as interior, structure, design, color, construction material, etc. It offers a better sense of accomplishment when everything is as per your choice.

In comparison with other loans where you need to pay interest on the entire amount, home construction loans allow you to pay the interest only on the disbursed amount. Also, Trident offers competitive home construction loan interest rates.

If you take a home loan for construction on land then you are free to extend or renovate your home in the future by taking a home improvement loan from Trident and making changes as per your needs and comfort level.

RELIABLE HOME LOANS

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Calculate your Loan Today With Our Online Calculator

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CALCULATOR

Required Documents for Home Loan Process :

  • Valid Identity Proof Like Aadhar Card, Passport, Driving License, Voters ID Card, PAN Card and others...
  • Valid Residential Proof Like Aadhaar Card, Passport, Voter ID Card, Driving License, Lease Agreement, Rent Agreement and others...
  • Income Proof Like Latest Salary slip, Form No.16, duly authenticated by employer, 6-month bank statement in which salary is credited, Income Tax Return, Last three years’ ITRs, Pensioner’s Portion of PPO in original
  • Photographs Two recent, colour passport size photographs

Frequently AskedQuestions

How does a home construction loan work when buying a plot?

The construction loan borrowed from the institution can be used to purchase a land and construct on the same.

Are there any tax benefits on the land purchase and home construction loan?

There are no tax benefits on the loan borrowed for land purchase. The tax benefit can only be availed when the borrower is going to construct a house on that particular land.

What are the minimum and maximum tenure of loan for land purchase?

The minimum tenure for a loan for land purchase and home construction is 2 years and the maximum tenure is 15 years which can exceed up to 30 years in some cases.

How many years can I keep the plot of land before starting construction?

There is no lower limit as to how long you have to keep the land before beginning the construction. However, it is important that you finish construction within 3 years of getting the land purchase and construction loan approved. You have to give a written undertaking to Trident for the same.

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