Buying a ready home
A completed independent house or a flat, from a builder or from a previous owner.
Your property, your power
Housing Loan
Buy a ready home, build on your own plot, or finish the house you already started.
Overview
A home is usually the largest thing a family ever buys, and the loan behind it should be the easiest part to understand. Our housing loan is structured around a simple idea: you should know your instalment, your total interest and your closing date before you sign anything.
We finance the purchase of a completed house or flat, the purchase of a residential plot together with the construction on it, and the repair, extension or completion of a property you already own. Where the house is being built in stages, the loan is released in stages too, so you are not paying interest on money still sitting idle.
Because a housing loan runs for many years, the paperwork matters. We verify title carefully and explain what we found — that check protects you as much as it protects us. Where a title issue can be cured, we tell you what to fix rather than simply declining the file.
Purchase, construction or extension
One product covering ready property, plot plus construction, and improvement of a home you already own.
Stage-wise disbursal
For construction, funds are released as work progresses so interest starts only on what you have drawn.
Long, comfortable tenure
Spread repayment over a longer period to keep the monthly instalment within reach of your income.
Title verified and explained
We check the property documents thoroughly and tell you plainly what the search revealed.
Common uses
What members use this loan for
Plot & construction
Purchase the land and fund the construction on it under a single sanction.
Repair & extension
Add a room, replace a roof, or complete construction that stopped for want of funds.
Before you apply
Eligibility & documents
Final eligibility is always confirmed after appraisal, as per prevailing Government norms.
Who can apply
- Indian resident, generally 21 years or above at application
- Regular income from salary, business, agriculture or profession
- Clear and marketable title to the property being financed or created
- Property located within our operating area in Tamil Nadu
- Satisfactory repayment record on any existing borrowings
Documents to keep ready
- Aadhaar and PAN of applicant and co-applicant
- Recent passport size photographs
- Address proof and, if salaried, employer proof
- Bank statement for the last 6 to 12 months
- Income proof — salary slips, ITR or business records
- Title deed, parent documents and property tax receipts
- Approved building plan and estimate, for construction cases
- Encumbrance certificate for the required period
Plan your instalment
Estimate your EMI
The sliders start at a typical figure for this product. Move them to match your own plan.
₹10,000₹1 Cr
6%26%
6 months20 years
Monthly EMI
₹0
Principal₹0
Total interest₹0
Total payable₹0
Instalments0 months
Indicative only. Rates shown are illustrative and are not an offer. Your actual rate, fees and eligibility are confirmed at sanction as per Government norms.
Apply with these figures
Questions
Housing Loan — frequently asked
Can I include my spouse's income to get a larger loan?
Yes. Adding an earning co-applicant is common and usually improves eligibility, because the appraisal considers the combined repayment capacity of the household.
Do you finance a plot on its own?
Our plot funding is designed to be paired with construction on that plot. If you intend to build within a reasonable period, tell us at application and we will structure the sanction accordingly.
What happens if construction is delayed?
Talk to us as soon as you know. Stage-wise disbursal can usually be re-sequenced. What causes trouble is silence, not delay.
Can I prepay or close the loan early?
Yes. Prepayment terms and any applicable charges are stated in your sanction letter, so you can plan a part-payment or an early closure with the numbers in front of you.
Ready to apply for your housing loan?
Send us your details and a member of our team will call you back to confirm eligibility and the exact documents you need.