Plot Purchase Plus Construction Loan Features and Benefits:

1. Single Loan for Dual Purpose: In this loan, financial institutions provide a single loan to cover two purposes – one is to purchase new land and the second is to cover the cost of constructing a house.
2. Flexible Disbursement: The loan amount will be released in different phases according to the progress of your home construction.
3. Longer Repayment Tenure: Enjoy flexible loan terms that can range anywhere from 6 years to 30 years, depending on our guidelines.
4. Tax Savings: Take advantage of tax deductions on both principal and interest repayments under Sections 80C and 24(b) of the Income Tax Act.
5. Interest Rates: Typically, the interest rates are similar to regular home loans; you can know the details by contacting us.