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Home Construction Loan Services

Home – Loan Services – Home Construction

What is a Home Construction Loan Services?

Home construction is the process of building a residential property from the ground up, tailored to the owner’s design preferences and functional needs. It involves various stages, including planning, architectural design, obtaining permits, site preparation, and the actual construction of the house. Home construction allows individuals to create a living space that perfectly suits their lifestyle and requirements.

At Vimala LD Services LLP, we understand that building your dream home is a significant milestone. Our home construction loan services are designed to simplify the financial aspect of this journey, giving you the freedom to focus on creating your perfect space.

Home Construction Loan Required Documents for Salaried Person

1. Identity Proof (Any one of the following):
  • Aadhaar Card
  • PAN Card
  • Passport
  • Voter ID
  • Driving License
2. Address Proof (Any one of the following):
  • Aadhaar Card
  • Passport
  • Rent Agreement
  • Bank Statement with Address
  • Utility Bills (Electricity, Water, or Gas – recent)
3. Income Proof:
  • Latest 3 to 6 months' salary slips
  • Form 16 or Income Tax Returns (ITRs) for the last 2-3 years
  • Bank statements for the last 6 months showing salary credits
4. Employment Proof:
  • Offer letter or employment certificate from the current employer
  • Appointment letter
5. Bank Statements:
  • Savings account statements for the last 6 to 12 months
6. Photographs:
  • Recent passport-sized photographs (as required by the lender)
Home Construction Loan Required Documents for Self-Employed Individual
When applying for a Home Construction Loan as a self-employed individual, lenders assess your income stability, business viability, and repayment capacity. Below is a list of commonly required documents:
1. Identity Proof (Any one of the following):
  • Aadhaar Card
  • PAN Card
  • Passport
  • Voter ID
  • Driving License
2. Address Proof (Any one of the following):
  • Aadhaar Card
  • Passport
  • Rent Agreement
  • Bank Statement with Address
  • Utility Bills (Electricity, Water, or Gas – recent)
3. Income Proof:
  • Audited financial statements (Profit & Loss Account, Balance Sheet) for the last 2-3 years.
  • Income Tax Returns (ITR) for the last 2-3 years.
  • Bank statements for the last 6-12 months (personal and business accounts).
  • Business continuity proof (e.g., trade license, GST registration, or any other business registration document).
4. Business Proof
  • Certificate of Business Registration (e.g., GST Registration, Shop Act License, or Incorporation Certificate).
  • Proof of business existence for at least 3 years (e.g., client contracts, supplier agreements).
6. Other Documents
  • Passport-sized photographs (applicant and co-applicant, if any).
  • Cheque for processing fees.
Home Construction Loan Services for Lower Segment Self-Employed Individuals
At Vimala LD Services LLP, we understand that self-employed individuals often face challenges in securing Home Construction Loan due to the variability of their income. To address this, we offer tailored Home Construction Loan solutions specifically designed for self-employed professionals and business owners.
Key Features of Our Self-Employed Home Construction Loan Services:
  • Eligibility with One-Year ITR: Even if you have just one year of Income Tax Returns (ITR), you can still qualify for a Home Construction Loan, provided other eligibility criteria are met.
  • Trade License for One Year: A valid one-year trade license can help establish the continuity of your business operations.
  • CIBIL Score Evaluation: Your creditworthiness is assessed based on your CIBIL score to ensure you meet the financial institution’s requirements.
  • Business Stock Assessment: We consider the value and turnover of your business stock as part of your eligibility evaluation.
  • Customized Loan Solutions: Our expert advisors help you find a loan option that suits your specific needs, business profile, and repayment capacity.
With our extensive network of banks and NBFCs, we aim to make the process simple, transparent, and stress-free. Whether you’re an entrepreneur, freelancer, or small business owner, we’re here to support your dream of owning a Home Construction Loan.
Get in touch today to explore your options and start your hassle-free Home Construction Loan journey!
Property Documents
Property Documents (For Home Construction):
  1. Land Deed
  2. Chain Deed
  3. Porcha
  4. Khajna
  5. Tax
  6. Mutation
  7. Sanction Plan
  8. Cost Of Estimate
Property Documents (For Plot Purchase + Construction):
  1. Sale Agreement
  2. Land Deed
  3. Chain Deed
  4. Porcha
  5. Khajna
  6. Tax
  7. Mutation
  8. Sanction Plan
  9. Cost Of Estimate

Why Choose Us?

  • Customized Loan Solutions: We collaborate with top banks and NBFCs to offer tailored loans that meet your construction needs.
  • Doorstep Service: From loan application to disbursement, we handle all processes at your convenience.
  • Expert Guidance: Our advisors ensure a smooth process by assisting with documentation, eligibility checks, and loan structuring.
  • Flexible Disbursement: Loans are disbursed in stages based on your construction progress, ensuring seamless project execution.

Turn your vision into reality with our hassle-free home construction loan services. At Vimala LD Services LLP, we are committed to helping you build a home that’s uniquely yours!

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At Vimala LD Services LLP, we provide end-to-end solutions for all your real estate needs. Whether you’re buying or selling a flat, plot, or house, we handle everything from drafting the sale agreement to the final registration process.

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