GET A LOAN
  • Home
  • Home Loan - Self Construction
Home Loan – Self Construction

Lay the foundation
for your dream home

Building your own home, just the way you want, is a wonderful feeling. Niwas Housing Finance is here to help make that dream come true. Whether you own a plot or want to buy one for self-construction, we are here to support you. Our financing solutions make it easier for you to build your perfect home.

Get A Loan
● EASY AND TRANSPARENT PROCESS WITH ATTRACTIVE INTEREST RATES ● EASY AND TRANSPARENT PROCESS WITH ATTRACTIVE INTEREST RATES
● EASY AND TRANSPARENT PROCESS WITH ATTRACTIVE INTEREST RATES ● EASY AND TRANSPARENT PROCESS WITH ATTRACTIVE INTEREST RATES

Essential features of
your new home loan

Dream Homes, Dream Terms

Secure Loans up to Rs 30 Lakh with a 30-Year Tenure.

Interest-Free Grace Period

Begin Paying Interest Only After Loan Cheque Release.

Prepayment Freedom

No Penalties for Borrowers on Floating Interest Rates.

Tailored Eligibility

Unlock Maximum Loans with Flexible Lending Programs.

Enhanced Loan Eligibility

Unlock Higher Eligibility: Access Various Lending Programs accommodating cash, cheque incomes, ITR-based assessments, and existing loan repayment tracks.

PMAY – CLSS Subsidies

Access Subsidies: Avail up to Rs 2.67 lakh under the Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme (PMAY – CLSS).

Property Financing Freedom

Explore Diverse Locations, Inside or Outside Municipal Limits.

Calculator

Calculate and take
your decision now!

₹
%

Your monthly EMI

Total Interest

Total Payment (Principal + Interest)

₹
%

Max Loan Eligibility

EMI will be (Monthly)

Tenure

Rate Of Interest

₹
₹
Loan origination charges cannot exceed the loan amount.
Months
%

APR

Document checklist:
What we need from you

Keep the following documents handy to enjoy a simple and hassle-free loan application process:

  • PAN card
  • Passport
  • Voter ID card
  • Driving license
  • Government identity card
  • Aadhaar card

  • PAN card
  • Passport
  • Birth certificate
  • Driving license
  • Aadhaar card (if your date of birth is mentioned)

  • Passport
  • Voter ID card
  • Driving license
  • Latest utility bills such as electricity bill, telephone bill, gas pipeline bill and water bill.
  • Aadhaar card
  • Ration card

  • PAN card
  • Passport
  • Driving license
  • Government identity card

  • PAN card
  • Passport
  • Voter ID
  • Ration card
  • Marriage certificate
  • Aadhaar card (if relationship is mentioned)

  • Certificate under Shops and Establishment Act
  • Certificate of registration
  • Latest utility bills such as electricity bill, telephone bill, gas pipeline bill and water bill.
  • Active bank account statement or passbook
  • Property tax receipt
  • Index II of property
  • Registered rent agreement
  • Certificate issued by professional body incorporated under relevant statute.

  • Partnership firm: Partnership deed
  • Company: Certificate of incorporation, Memorandum of Association, Articles of Association, latest CA-certified list of directors and shareholding pattern.
  • Trust: Registration certificate and deed of trust
  • Professionals: Qualifications and registration certificate

  • Certificate under Shops and Establishment Act
  • Certificate of registration
  • Certificate issued by professional body incorporated under relevant statute.

  • Last 2 years audited CA-certified financials along with schedules, sub-schedules/tax audit report (if applicable), computation of income, ITR acknowledgement provisional financials (if applicable), along with VAT returns/GST returns to validate provisional sales figures.
  • Last 3 months salary slip along with their reflection in your bank account (in case of salaried individuals).
  • Form 16 for last two years.

  • Last 12 months bank statements of all active bank accounts.
  • Last 12 months saving bank account of partners and directors (in case of partnership firm/company).

  • Sanction letter of all existing facilities availed from existing bankers/financial institutions/repayment track record for last 12 months (statement of accounts/banking reflections) of all existing loans/statement of accounts for the last 12 months (mandatory in the case of BT for the facility to be taken over).
  • Copy of property papers proposed to be offered as collateral.
  • List of documents and foreclosure letter (mandatory in the case of BT for the facility to be taken over).
  • Any other information required on case-to-case basis.

  • Copy of complete chain documents of the property (as applicable).
  • Copy of agreement to sell (if executed).
  • Copy of allotment letter/buyer agreement (if applicable).
  • Copy of receipt/s of payment/s made to the developer (if applicable).

Disclaimer: The above list is indicative and may require additional documents depending on your case.

What is a Home Construction Loan?

A home loan for house construction is a specially designed financial solution that enables individuals to build their dream home on a plot of land they already own. Unlike a regular home loan used for buying ready-to-move-in properties, this loan is disbursed in stages based on the progress of the construction. It ensures timely funding for each phase, right from laying the foundation to completing the final touches.

Home loan for construction of a house typically cover various expenses involved in the construction process, including materials, labour, permits, and interior works. They offer flexibility in usage and structured repayments suited to the borrower’s financial capacity.

At Niwas Housing Finance, we understand that building a home is a deeply personal and significant investment. Our home loan for under construction property solutions are tailored to meet diverse customer needs, with transparent processes and competitive interest rates. Whether you are starting construction from scratch or extending an existing structure, our support ensures your project moves forward smoothly. We believe that everyone deserves a home built to their vision, and with our home loan services, that dream can become a reality. Choose Niwas Housing Finance to turn your home-building journey into a hassle-free and rewarding experience.

What are the advantages or benefits of a Home Construction Loan?

A home construction loan comes with several practical and financial benefits for aspiring homeowners. One of the key advantages is the flexibility it offers in disbursement. Funds are released in phases aligned with the construction timeline, which reduces the interest burden since you're only paying for the amount utilized at each stage.

Another significant benefit is the scope of coverage. Home construction loans cover all key construction-related expenses—from raw materials to contractor fees—making it easier to manage your budget. You can also avail tax benefits on the interest and principal repayment under applicable sections of the Income Tax Act.

At Niwas Housing Finance, our home construction loan solutions are structured to provide affordable EMIs, long repayment tenures, and minimal documentation. We also provide expert guidance to help you through the technical and legal verification process, ensuring a smooth approval experience.

For families planning to build a home tailored to their lifestyle, this type of home loan is ideal. Whether it’s a modern bungalow or a traditional home, you can construct at your own pace and with your own specifications. With Niwas, your aspirations are supported by a strong financial foundation.

Who can apply for a Home Construction Loan?

A home construction loan is suitable for a wide range of individuals who plan to build a house on a plot they own. Salaried professionals, self-employed individuals, business owners, and even professionals like doctors and architects are eligible to apply.

At Niwas Housing Finance, we welcome applicants who have a clear title to the plot and meet our basic income and credit assessment criteria. Co-applicants such as spouses or family members can also be included to enhance loan eligibility.

The application process is simple, and our team assists in every step—from property verification to disbursement planning. Whether you're building your first home or upgrading your current residence, a home loan from Niwas ensures financial ease and peace of mind throughout the journey.

Why take a Home Construction Loan from Niwas Housing Finance?

Choosing the right lender for your home construction loan is crucial to ensuring a stress-free building experience. At Niwas Housing Finance, we stand apart with our customer-first approach, transparent lending practices, and personalized loan solutions.

We offer competitive interest rates, flexible repayment tenures, and quick processing so that your construction journey begins without delay. Our team provides end-to-end support—from technical property checks to smooth fund disbursements in sync with your construction milestones.

Niwas also understands the diverse financial needs of customers. Whether you’re a salaried professional or a self-employed individual, our loan eligibility norms are designed to be inclusive. With minimal paperwork and digital-enabled services, applying for a home loan has never been more convenient.

Moreover, we’re not just financing your home—we’re helping you create a space that reflects your dreams and lifestyle. With Niwas Housing Finance, you gain a trusted partner committed to your vision and growth.

Experience a simplified, secure, and supportive home construction financing journey with Niwas—where your foundation for tomorrow begins today.

Clarifying doubts:
Frequently asked questions

A home construction loan is a financial solution specifically designed to fund the construction of a new home. Unlike a traditional home loan, which is used to buy an existing property, a home construction loan provides funds in stages, aligned with the construction phases. Niwas Housing Finance offers flexible terms and competitive interest rates to help you build your dream home efficiently.

A home loan from Niwas Housing Finance is used to purchase an existing property, while a home construction loan is designed to finance the construction of a new home. The construction loan is disbursed in stages, according to the construction progress, ensuring funds are available when needed. Niwas Housing Finance offers both options with tailored solutions to meet your specific needs.

A home loan must be obtained with a minimum income of 25,000.

Generally, up to 70-80% of the construction cost can be financed, subject to the eligibility criteria and assessment of the property’s value.

There is a nominal processing fee for home construction loans. This fee typically covers the administrative costs of processing your loan application and varies based on the loan amount and other factors. The exact fee is communicated upfront during the application process.

Applying for a home construction loan with HFC is simple. Visit the website or nearest branch, fill out the application form, and submit the required documents. representatives will guide you through the process, ensuring a smooth and hassle-free experience.

Documents such as identity proof, address proof, income proof (salary slips, bank statements, ITR), approved construction plans, cost estimates, and property documents are required. Additional documents may be needed based on individual profiles.

You have the flexibility to select an EMI plan that best fits your budget since the tenure is decided by lending policies, the borrower's profile, and the loan amount.

One can borrow up to 70-80% of the estimated construction cost, depending on the property’s value, income, and repayment capacity. The exact loan amount is decided after a thorough assessment of the borrower’s financial profile and construction plans.

A minimum credit score of 650 to 700 is required for home construction loans. A higher credit score improves your chances of approval and may also result in more favorable loan terms.

With a home construction loan, borrowers may or may not get to avail of any tax benefits it will be as per Section 80C (under old slab regime)