A home construction loan from Aavas Financiers is a financial product that allows individuals to purchase a plot of land and construct a home on it.
The land can be freehold or allotted by a Development Authority, Nagar Palika, or Gram Panchayat.
The loan’s eligibility and monthly EMI can be calculated with the help of a loan eligibility calculator and EMI calculator.
The loan tenure is flexible, with up to 30 years for salaried customers with a net salary of more than 35,000 per month, 25 years for other salaried customers, and 20 years for self-employed customers.
The loan tenure cannot exceed the residual age of the property at the time of disbursement.
A home construction loan from Aavas Financiers is designed to help customers construct their dream house for residential use. The loan provides financial support for the purchase of a plot of land and the construction of a home on it. The process of obtaining the loan is designed to be convenient for the customer, with easy approvals and quick disbursals.