Plot Purchase & Construction Loan: 8.50% Interest in Delhi, Gurgaon, Faridabad
Are you considering investing in a commercial plot and building your dream property? At Solution4Finance, we specialize in offering competitive plot purchase and construction loans tailored to meet your financial needs. With an affordable interest rate and flexible repayment options, our loans are designed to support your aspirations of owning a plot and constructing your ideal space. Whether it’s a freehold plot or one allotted by authorities like Huda or DDA, our financing solutions ensure seamless disbursement in stages aligned with your construction progress. Discover how you can turn your vision into reality with Solution4Finance’s dedicated support and straightforward application process.
Plot Purchase and Construction Loan
We offer competitive interest rates starting at 8.50% for plot purchase and construction loans. Whether the land is freehold or allotted by development authorities such as Huda or DDA, our financing solutions are structured to meet your needs. The loan is disbursed in multiple tranches, aligned with the various stages of construction. This ensures that you have access to funds precisely when needed, making your construction process smooth and efficient. At Solution4Finance, we are committed to providing comprehensive financial support for your property development projects
Plot Purchase & Construction Loan Criteria
The applicant’s minimum age should be 21 years. Also, the maximum age of applicant at loan maturity will have to be 60 years if you are in the category of salaried class, and 70 years for those who are self-employed.
There is no fixed lower limit as to how long you have to keep the land before beginning the construction.
However, make sure that you complete the construction work within 3 years of purchasing the plot of land and approval of the construction loan.
One has to give a written undertaking as well to the bank or the finance company in this regard.
Maximum Loan on Plot Purchase
Plot purchase or land purchase loan Maximum funding of 60% of the Market value and income criteria should be met according to the loan amount.
Solution 4 finance assures you we provide maximum loan amount and maximum value of loan amount with the lowest rate of interest according to you your income.
- Residential property with LTV@60%.
- Commercial property with LTV@60%.
- Industrial property with LTV@50%.
Processing & Timing
If the client provides complete proper documents, We can take sanction within 3 working days after that required permission to a mortgage if a client provides PTM on time we can disbursement case within 10 to 15 days maximum. If customer support we try to best our level best service.
Property Documents for Plot Purchase & Construction Loan
- Agreement to sell copy.
- Plot allotment latter.
- Map plus estimate of construction. ( That documents we need after sanction for disbursement ).
- Required documents – Plot purchase plus construction.
Home loan or loan against property both are clients income documents are normal KYC is the same but salaried or self-employed or PTV LTD company all of the documents are different.
List of documents for a salaried person – Pan card, Aadhar Card, 2 passport size photos, Current address proof of applicant and Co-Applicant.
Income documents – 6months Bank statement, last 2 years form 16 and last 3 months salary slips.
List of documents for self-employed- Pan card, Aadhar card, Two photos, current address proof of applicant and C0-applicant, One-year current A/C statement update, Last 3 years ITR, GST certificate and One year GST Return.
List of documents for PVT ltd Company – KYC of All partners Company Pan card, MOA and AOA, Shareholder Patten and list of directors. One year current A/C statement update, GST certificate, GST returns One year, Office address proof, Last 3 years Complete ITR.
Discover Your Financial Future with Solution4Finance
Explore our range of financial solutions at Solution4Finance and discover why we’re your trusted partner in achieving your dreams. Whether you’re looking for a home loan, loan against property, construction loan, or plot purchase loan, we ensure competitive rates and excellent service. Contact us today to take the first step towards securing your financial future with confidence and ease. Let Solution4Finance be your guide to a brighter tomorrow.
