Home Extension Loans
Home Extension loans are provided when the loan applicant plans to extend his/her house like the construction of an extra floor or a single room or a balcony, etc. The purpose of this loan is to cover the expenses related to the construction of new feature in your existing home. Additionally, you can get a tax deduction of Rs. 30,000/- under section 24(b) of Income Tax Act, 1961 towards interest payments made in a year against the home extension loan.
How can you use our Home Extension Loan ?
Why choose Tata Capital ?
Tata Capital offers customized Solutions with attractive home loan interest rates and better eligibility criteria. The home loan is offered for tenure of up to 30 years with speedy disbursal. Additionally, we also provide services of property advisor with complete legal evaluation.
You choose either a fixed or flexi EMI across multiple application channels - branches, online portals, customer service executives, etc. We provide full online access to your loan account with absolute transparency. With post disbursement services, Tata Capital also provides doorstep documentation and disbursement.
Are you eligible for Home Extension Loan ? What are the additional Charges and Fees?
|1||Interest Rates Per Annum||Starting from 11.50%|
|2||Loan Amount||Minimum Rs. 1,00,000.00|
|3||Processing Fees||Up to 2.00%|
|4||Tenure||12 Months||360 Months|
|5||Preclosure Fee*||Upto 2.00%|
|6||Part Payment Fee||Rs 0.00 ( up to 25% of principal outstanding in a year)|