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Aditya Birla Finance Limited

Aditya Birla Finance Limited

Construction Finance

Financing your dream of a Home, from foundation to finish.

Apply Now

Home Loan EMI Calculator

ROI ranges from 8.6 to 11

your EMI is

  • ₹
  • /Month

Check out the loan amount you are eligible for

Calculate Eligibility

About Construction Finance

The real estate developers require constant flow of funds for various construction-related work at different stages of project to ensure timely completion of projects.
Construction Finance loan is an ABHFL offering designed to meet this requirement of real estate developers across the life cycle of their proposed or ongoing construction projects against the project sales receivables. We trust in developing symbiotic relationships with the builders to create a seamless marketplace.

Features & Benefits

  • Attractive interest rates

  • Quick & transparent processing

  • Loan tenure up to 60 months*

  • Easy repayment option through Escrow mechanism with structured repayment options; ECS repayment facility

  • Pan India branch network

  • Robust service delivery model – door step services ensuring easy and fast approval & disbursal of loans

  • Attractive interest rates

  • Quick & transparent processing

  • Loan tenure up to 60 months*

  • Easy repayment option through Escrow mechanism with structured repayment options; ECS repayment facility

  • Pan India branch network

  • Robust service delivery model – door step services ensuring easy and fast approval & disbursal of loans

* Disclaimer - All loans will be at the sole discretion of ABHFL

Construction Loan Eligibility

Evaluation on the basis of the project cash flow

Construction Finance Fees and Other Charges

Construction Finance Rates

  • Home Loans : Up-to 1% of the loan amount
  • Other Loans : Up-to 2% of the loan amount

1. Floating rate term loans sanctioned to individual borrowers, with or without co-borrowers(s):

  • Other than business purpose – NIL

  • Business Purpose – 4 % of principal outstanding.

2. Floating rate term loan sanctioned to non-individual borrowers: 4% of principal outstanding paid.

3. Fixed interest rate housing loan given to individual:

  • Closure from own sources – NIL

  • Closure from other sources – 2% of principal outstanding

4. Fixed interest rate non-housing loans (LAP/LRD/CP/GPL/Top-up) given to Individual/Non-Individual borrowers (closed from own/other source): 4% of principal outstanding paid

Explanation:

In case of Semi-Fixed Loans (fixed for initial period and then floating), the Foreclosure/ Part payment norms will be applicable as per the status (fixed/floating) of the loans as on that particular day.

“Own sources” means any source other than by borrowing from a bank/ HFC/ NBFC and/or a financial institution.

“Fixed rate loan” means a loan where the Rate of Interest is fixed either for a particular period or for entire duration of the loan.

“Business purpose loan” shall mean:

  • Loan against any property/ Top up loans availed for Business use such as working capital, business debt consolidation, repayment of business loans, expansion of business, acquisition of business asset.

  • Loan for purchase/ renovation/ construction/ extension of Non-residential property.

  • Lease Rental Discounting.

Penal Charges:
Late Payment Penalty 12% p.a. above current applicable interest rate
(aggregate not exceeding 24% p.a. plus GST as per applicable laws)
Non- submission of Critical Post Disbursement Documents like Title document / Security perfection documents / Mortgage Deed / charge creation with MCA (wherever applicable) or non-adherence to any terms and conditions, representations and covenants as defined in the loan agreement / sanction letter within the targeted date of submission. Rs. 3000/- per month
Cheque bouncing charges/NACH failure charges/Bounce charges Rs 750/- per instance
Non-submission of revised NACH / ECS Debit Mandate registration wherever existing mandate is invalid / inactive / bank account closed or frozen / other technical issue for a period of 30 days Rs. 1000/- per month in case of secured loans
Rs 750/- per instance per loan account
As applicable based on actual delayed status or as communicated by the lender from time to time
CERSAI charges (You may visit the website of CERSAI for all such charges at www.cersai.org.in)
When facility amount is equal to ₹5 lacs or lesser – ₹50 per property

When facility amount is greater than ₹5 lacs – ₹100 per property
₹1,000/- per instance
₹750/- per instance
₹200/- per instance
₹750/- per instance
₹50/- per instance for Consumer and ₹500/- for Commercial CIBIL
0.5% of principal outstanding plus applicable GST
Rs 1000/- plus GST per loan account on every rate revision
Rs 500/- per instance
2% of the loan outstanding
As per actual, where applicable
Disclaimer:Above charges constitute the rack rate for all customers. Actual charges for any customer, if different, will be as communicated at the time of loan sanction and disbursal and would be subject to changes from time to time.​​

Documentation

  • 1. Application Form
    Salaried / Self Employed / Professional / Partnership / Company
    Duly filled Application Form
    2. Proof of Identity and Address
    Salaried / Self Employed / Professional / Partnership / Company

    Click here to view the list of documents required.

    2. Proof of Income
    Salaried
    Latest 3 months’ salary slip showing all deductions and Form 16
    Self Employed or Professional
    IT Returns or financial documents for last 2 years and computation of income certified by a CA for last 2 years
    4. Mortgage Deed
    Salaried / Self Employed / Professional / Partnership / Company
    Mortgage deed related to project land and construction thereon
    5. Statutory approvals
    Salaried / Self Employed / Professional / Partnership / Company
    Copy of all statutory approvals regarding project
    6. Proof Of Income
    Salaried / Self Employed / Professional / Partnership / Company
    Income/Cash flow to establish source of repayments

What do we offer?

  • Home Loan

Your home is where you build memories with your loved ones. It’s your own little piece of heaven. ABHFL presents a home loan, especially designed just for you.

  • Signature Club

This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value.

  • Home Extension Loan

Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements.​​

  • Home Improvement Loan

A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as memorable and enjoyable as home buying. With ABHFL Home Renovation Loans you can upgrade your existing home to a contemporary design and a more comfortable living space.​​

  • Loan Against Property

This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value.

Your home is where you build memories with your loved ones. It’s your own little piece of heaven. ABHFL presents a home loan, especially designed just for you.

This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value.

Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements.​​

A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as memorable and enjoyable as home buying. With ABHFL Home Renovation Loans you can upgrade your existing home to a contemporary design and a more comfortable living space.​​

This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value.