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About Purchase + Construction Loan

At India Shelter, we understand that the journey to your dream home involves more than just finding the perfect plot or envisioning the ideal design. It requires solid financial support. Our Purchase + Construction Loans are tailored to provide you with the financial flexibility needed to bring your dream home to life.

Attractive Interest Rates

Loan amount between INR 5 Lakhs to INR 50 Lakhs

Assistance on phone

Quick and hassle-free loan processing

Expert guidance

Transparent and customer-centric approach

ITR not mandatory

Benefits Of India Shelter Purchase + Construction loan

Advantages of various features of Indian Shelter Purchase + Construction Loan

Flexible Financing Options

India Shelter offers a range of financing options to suit your needs. Whether you're purchasing a plot, constructing a new home, or both, our flexible loan structures are designed to accommodate your unique requirements.

Competitive Interest Rates

Benefit from competitive interest rates that make your dream home more affordable. Our transparent loan terms ensure you have a clear understanding of your financial commitments.

Streamlined Approval Process

Time is of the essence, and we recognize the urgency in realizing your dream. Our efficient approval process ensures that you receive the financial support you need promptly.

Comprehensive Support

Our dedicated team is here to guide you through the loan application process. From understanding eligibility criteria to documentation requirements, we provide comprehensive support at every step.

Loan Eligibility for Purchase + Construction Loan

*For full KYC, kindly visit the nearest India Shelter branch.
*Ensure all documents are valid and not past their expiry date (in the case of Driving License and Passport).
Who can Apply

Property Ownership

To qualify for the loan, the applicant must be the legal owner of the property intended for purchase and construction.

Property Value

The property's value should meet the lender's specified minimum value requirement for purchase + construction loan.

Age

The minimum age of the applicant should be 18 years, and the maximum age should not exceed 70 years at the start of loan.

Income

The applicant should have a stable source of income to repay the loan.

Credit Score

The loan amount available depends on the borrower's eligibility and credit score. Higher eligibility and credit scores result in a higher loan amount. Additionally, customers with a credit score of (-1) are also eligible for funding.
Documents Required

Identity proof for Salaried People

PAN Card is mandatory, and any one of these:
  • Passport
  • Voter ID
  • Aadhar Card
  • Driving License

Address Proof for Salaried People

  • Passport
  • Voter ID
  • Aadhar Card
  • Electricity bill/ water bill/ telephone bill
  • Driving License

Proof Of Income for Salaried People

  • Salary Slips/Bank Statement/Form 16
  • Salary Certificate

Other Documents for Salaried People

  • Signed Application Form with Picture
  • Cheque For Processing Fee
  • Bank Statement of Last 6 Months

Property Documents for Salaried People

  • Title Deeds of the Property
  • Proof of No Encumbrances on the property

Identity proof For self-employed people

Your PAN Card is mandatory, and any one of these:
  • Passport
  • Voter ID
  • Aadhar Card
  • Driving License

Address Proof For self-employed people

  • Passport
  • Voter ID
  • Aadhar Card
  • Electricity bill/ water bill/ telephone bill
  • Driving License

Proof Of Income For self-employed people

  • IT Returns and/or Financial Statements of last 3 years And/or
  • Informal Income Documents

Other Documents For self-employed people

  • Signed Application Form with Picture
  • Cheque For Processing Fee
  • Proof of business existence

Property Documents For self-employed people

  • Title Deeds of the Property
  • Proof of No Encumbrances on the property

Reviews and Ratings

Authentic experiences through the voices of our valued customers

Nisha Dangre

Vrindavan Nagar, Nagpur

A home of your own makes you feel independent, that’s what Nisha Dangre, a resident of Nagpur, believes in. She always dreamt of owning a home but never thought it would be possible owing to income constraints and excessive paperwork. By opening the door of hope, India Shelter helped her in achieving her dream.

Vaishanvi Nikhil Bangre

Rajendra Nagar, Nagpur

Vaishanvi Nikhil Bangre is a resident of Nagpur who aspires to build the future of students by teaching students via coaching classes.As the no. of students expanded, Vaishanvi faced the space challenge while teaching students. She approached many banks to add some extra length and breadth to her coaching infrastructure but was disheartened due to the tedious loan approval process and documentation. She got to know about India Shelter via Facebook. After seeking hassle free loans, she has successfully revamped her institute. Now, she is happily teaching and transforming the lives of several students with her unflinching and sheer efforts.

Sanjay Prakash

Zirakpur

Mr. Sanjay Prakash has been living in Banore over the past 11 years where he has bought a piece of land over 5 years ago but due to a shortage of money and increasing day today expenses, he wasn’t able to build his dream home. He came to know about India Shelter from one of his friends. After approaching India Shelter, all his loan requirements were met without any problem.

Tara Chhetri

Zirakpur

Tara Chhetri, a resident of Zirakpur, who runs her restaurant in Dhakoli with her husband. To expand their business, they approached multiple financial companies for acquiring business loans but none of their offerings fit their requirements. After hearing about India Shelter from her friend, she applied for a LAP with us. Having secured a loan against property (LAP) for her business, Tara has experienced unprecedented growth.

FAQs

What is an India Shelter Purchase + Construction Loan?

An India Shelter Purchase + Construction Loan is a financial product designed to provide funding for both the purchase of a property and the construction of a new house. This loan is specifically tailored to meet the unique financial requirements of individuals looking to buy a property and build a home on the same.

What are the eligibility criteria for the India Shelter Purchase + construction loan?

Eligibility factors typically include your credit score, income, property ownership, and the nature of the proposed improvements.

Can I apply for this loan for renovations or additions to an existing property?

No, this loan is typically designed for the purchase of a new property and construction of a house on it. If you need funds for renovations or additions, you may explore our other loan options such as a home improvement loan.

How can I apply for the India Shelter Purchase+ Construction Loan?

The application process usually involves submitting necessary documentation, including proof of income, property ownership, and details of the planned improvements. Check our website: https://www.indiashelter.in/ for a detailed application procedure.

What types of properties are eligible for this loan?

This may include independent houses, flats, or plots of land where construction is planned. Ensure to check our eligibility criteria section for more information.

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