Loan for Self-Construction & Expansion, Assured.
Building your own home, brick by brick, well is an experience! You make all the decisions, you get to choose plan and the features that are most important to you.
You decide where to save money and where to spend up on things. No more compromises! Let not allow even finance to be your obstacle.
At Roha Housing Finance, we have tailor-made solutions to fund you to build the house of your dream. You can avail loan upto 100% of the construction cost subject to a maximum allowed Loan To Value. You need to provide duly certified Construction Estimate by Chartered engineer / architect. Moreover By availing self construction home loan, you are also eligible for tax benefits under Income tax Act u/s 24(b) and u/s 80 C. This means that you can save more money by claiming deductions in your income tax, against principal and interest amount repaid.
SALIENT FEATURES:
No Hidden Charges
Speedy Process
Transparent Documentation
100% funding of the construction estimate
Payment linked to stage of construction to enable you get funds regularly for construction
Dedicated Relationship Manager for support
Who can apply?Know more
All it takes is a stable and steady income. Once that is in place, anyone can apply for Home Loan individually or jointly. All property owners should be co-applicants to the loan. In addition, close family members with income sources can also be taken as co-applicants for home loan.
EligibilityKnow more
- Main applicant should be more than 21 years of age at the time of applying the loan and less than 65 years at the time of loan maturity
- All applicants should be either income contributor or who are property co-owners
- Applicants should have a bank account
- Home Loan is based on applicant/s financial ability to service the loan along with suitability of collateral property for which home loan is taken
AmountKnow more
At Roha housing you can get a home loan between Rs. 3 lacs to Rs. 30 lacs.
Maximum repayment timeKnow more
At Roha Housing you can get maximum loan tenor of 25 years.
Rate of Interest
The rate of Interest for offering loans ranges from 10% to 23%. In the last quarter of July – Sep 2023 our interest rate has ranged between 11% to 21%, with a mean rate of 13.47%.
Documents RequiredKnow more
We at Roha Housing understand that customers in lower income group are unable to produce much income documents. Roha Housing being a specialist in assessment of lower income segment, works on advanced technology to assess this segment and thus takes minimum income papers as below:
- Duly Signed Application form
- KYC Documents of all Applicants
- Six Months Bank Statements
- Salary Slips, or Kachha Records of Business
- Copy of complete chain documents of the property (as applicable)
- Architect Estimate covering the details of expected cost to be incurred on the expansion
Schedule of charges (PDF)Know more
Repayment OptionKnow more
At Roha Housing we not only give end to end services on taking loan from us but also offer convenient solutions to our customers to pay their EMI. A dedicated Relationship Manager is always at service right from informing about the EMI due date to picking up the cheque from the customer’s doorstep if need arise. One can also make payment through Electronic Clearing Services (ECS) or Post-dated cheques (PDC) and National Automated Clearing House (NACH).
