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Equipment Finance

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up to Rs. 1 Crore

  • Attractive ROIs
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for all asset classes

  • Up to 100% financing
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What is a Home Loan for Self-Construction?

Instead of buying a ready-to-move-in house, you can choose to purchase a piece of land and construct your house on it brick by brick. A home loan for self-construction or simply a home construction loan is a special type of home loan given to help borrowers construct their own house on a piece of land or plot.

 

With Tata Capital Home Loan, you can get a plot loan of up to Rs. 5 crores at affordable interest rates, starting from just 8.95% per annum*. A home construction loan can help you meet all your financial requirements for the construction of your house, be it for buying a plot, procuring raw materials, and paying for the masonry work, among others.

  • Loan amount offered

    ₹ 5 lakhs to ₹ 5 crores

  • Loan tenure

    Upto 30 years

  • Interest rate starting @

    8.95% p.a.*

Advantages of Tata Capital Home Construction Loan

Loan for Land Purchase Through Direct Allotment/Resale

It is the best option for those who seek to buy a residential plot and construct a house on the same plot. You can use this loan to purchase a plot through direct allotment or resale.

Attractive Interest Rates

You can avail of a Tata Capital Plot Loan at an attractive interest rate, starting from just 8.95% per annum*. It can make the construction of your dream home much more affordable.

Balance Transfer Facility

You can also apply for a Tata Capital Land Loan to transfer your outstanding house construction loan balance from another lender. With reduced land loan interest rates, we can help you lessen your EMI burden significantly.

Easy Eligibility Criteria

With Tata Capital Plot Loan, you can get access to finances by meeting simple eligibility criteria. Furthermore, our plot loans involve instant approval and quick processing so that you can start the construction of your dream house as soon as possible.

Instant Approval

We provide instant approval for home construction loans. We ensure that you don’t have to wait for long to buy a plot and start the construction of your dream house.

Quick Processing

Tata Capital Plot and Construction Loans are processed and disbursed quickly. After submitting your land loan application and required documents, you can get the loan amount within three to five working days, subject to successful verification.

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Eligibility Criteria for Home Construction Loan

To avail of a house construction loan from Tata Capital, you will need to fulfill our simple eligibility criteria. Your home construction loan eligibility would depend on some basic factors, including:

  • You should be aged between 24 to 65 years

  • Salaried employees should have a minimum salary of Rs. 30,000 per month and at least two years of work experience

  • Self-employed individuals should have a business vintage of at least three years

  • In the case of NRIs, they should have a minimum work experience of three years

Benefits of Getting a Tata Capital House Construction Loan

  • Buy a Plot Anywhere in India

    With Tata Capital, you can apply for a loan for plot purchase and get financing of up to Rs. 5 crores. You can use this amount to buy a plot anywhere in India, be it through direct allotment or resale.

  • Build the House of your Dreams

    You can use a plot construction loan to construct your house over a plot brick by brick. Nothing can match the pleasure of watching your dream house taking shape over the years.

  • Add More space to your house

    You can also avail of a house construction loan to modify your existing house. For example, you can add more spaces to your living room, add an extra floor to your bungalow, or give your home a completely fresh look.

  • Reduce Your Taxable Income

    By availing of a loan for plot purchase and construction, you can get tax deductions under various sections of the Income Tax Act 1961. This can help you reduce your income tax outgo.

How to Apply for a House Construction Loan?

How to Apply for a House Construction Loan?

With Tata Capital, you can apply for a house building loan through any of the following methods:

  • Visiting Our Branch

    You can visit your nearest Tata Capital branch to apply for a plot and construction loan offline. Our executives there will guide you through the entire process.

How to Apply for a House Construction Loan?

With Tata Capital, you can apply for a house building loan through any of the following methods:

  • Online

    You can apply for a Tata Capital construction loan online by visiting our website and simply entering a few basic details of yours.

  • Through Your Phone

    You can even apply for a Tata Capital home construction loan by contacting us at 1860 267 6060.

  • Through a Virtual Assistant

    You can take the help of our virtual assistant to apply for a Tata Capital plot and construction loan.

Calculate Your Plot Loan EMIs

You can use our online home loan EMI calculator to calculate the EMIs that you will have to pay for your Tata Capital Plot Loan. Your plot loan EMIs would depend on several factors, including your loan amount, applicable interest rate, and loan tenure.

More Home Loan products for you

Home Loan for government employees

With Tata Capital, you can apply for a home loan for government employees in a few easy steps and get housing finance at competitive interest rates.

Home Loan for self-employed

With Tata Capital, you can apply for a home loan for self employed in a few easy steps and get housing finance at competitive interest rates.

Home Loan for women

With Tata Capital, you can apply for a home loan for women in a few easy steps and get housing finance at competitive interest rates. 

What our customers say about us

Overall the experience was good and hope to continue the same. Also Tata Capital executive were nice and polite from the beginning.

Prasenjit Sen

Loan Against Property | 13 January, 2023

Thank you TATA Group for making India proud with all your hassle free and excellent services, Thanks Team

PRAMOD LINGSHETTY PATIL

Personal Loan | 31 December, 2022

I want to thank Tata Capital for giving Loan, During the process I was kept updated. Wanted to thank Tata Capital executive for answering my queries and keeping me updated on Status. Thank you

G BHASKAR

Personal Loan | 30 December, 2022

This is surprisingly easiest way to avail personal loan. I am completely happy with the service provided. Thank you team TATA CAPITAL!

Venugopal Raju

Personal Loan | 28 December, 2022

I was impressed with the way your staff handles their customers and if i come accross any family or friend who may be looking for any financial assistance, I shall surely recommend Tata capital

SHEELA AVINASH PATEL

Business Loan | 24 December, 2022

One of the best Mobile App, Tata capital only took 3-4 working day for loan approval.

ARJUN KUMAR

Personal Loan | 23 December, 2022

The services of Tata Capital is very good.. Approval process, loan charges are not hidden, every aspect was explained to me by Tata Capital executive before taking loan, very good transparency. Keep it up..

Prasanna Shriram Agashe

Personal Loan | 10 December, 2022

Excellent customer service with clarity and politeness. Thanks to TATA Capital having wonderful field staff.

S hari Haran

Two Wheeler Loan | 08 December, 2022

I am very happy that I got timely loan in my worst time.

THAKOR BHIMABHAI SHANKARJI

Personal Loan | 07 December, 2022

Find the right Loan for you

Affordable Housing Loan

  1. At Tata Capital, we believe that every single person, regardless of their financial background, deserves a home to call their own.

With this vision, Tata Capital Housing Finance offers affordable home loans at competitive interest rates. 

Affordable Housing Loan

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Home Extension Loan

  1. As the years go by and your family continues to grow, does your house feel smaller?

Tata Capital’s Home Extension Loan is a perfect solution to help you give your family that additional space they deserve.

Home Extension Loan

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Home Loan for Self-Construction

Instead of buying a ready-to-move-in house, you can choose to purchase a piece of land and construct your house on it brick by brick. 

A home loan for self-construction or simply a home construction loan is a special type of home loan given to help borrowers construct their own house on a piece of land or plot.

Home Loan for Self-Construction

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Home Loan Top-up

A home loan top-up is a facility offered by lenders under which a borrower can take an additional loan over and above their existing home loan.

The home loan top-up facility is available only for existing home loan borrowers without the need for any additional security or guarantee.

Home Loan Top-up

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Home Loan Overdraft

At times, you may need additional funds to tackle your personal or business expenses. 

With Tata Capital’s home loan overdraft facility, you can avail of a home overdraft loan limit of up to Rs. 2 crores. You can withdraw funds from this overdraft housing loan limit as per your needs and then pay it back at your convenience.

Home Loan Overdraft

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Quick Cash

Quick Cash loan is a unique Pre-Approved personal finance top-up linked to your existing Tata Capital Housing Finance Limited (TCHFL) loans. This loan is only for existing TCHFL Home Loan and Home Equity customers.

Apart from its unique features, it also offers other advantages such as faster processing, and a paperless journey, notwithstanding that all this could be availed in just a few clicks at your convenience any day 24*7.

Quick Cash

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Balance Transfer

  1. A home loan balance transfer, or simply a home loan transfer, takes place when you transfer your outstanding home loan amount to a new lender from your existing lender.

With Tata Capital Home Loan Balance Transfer, you can transfer your outstanding home loan balance to affordable interest rates. Our home loan interest rates start from just 8.95% per annum*.

Balance Transfer

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