Navigating crucial home loan considerations for under-construction properties

1
Considerations Before Financing An
Under-Construction Property
Under-construction financing is for properties
that are currently being built or developed.
2
Understanding the Working of a Collateral Loan

• Self-construction loans, which allow you to build
  a home on empty land.
• Plot construction home loans enable you to buy a
  plot and then construct a home on it.
• Renovation loan, which allows you to upgrade your
  house structure.

3
Factors to consider before getting construction
home loans
4
Check Commencement Certificate
A builder possessing this certificate indicates
legal and regulatory compliance.
5
Helpful lender
Go for the lender that assists in analysing the
property in terms of quality and builders
credibility.
6
Monitor construction progress
Monitor the construction pace to prevent
incurring additional interest on your loan.
7
Learn About Disbursement
Aligning fund disbursement with construction
milestones ensures efficient financial planning
and cash flow management.
8
Perks of Under-Construction Home Loans
You have the freedom to choose your house
architecture.
You can manage borrowing costs effectively.
You can modify your house in the future without
any hassle.
9
Carefully considering various factors when
securing a home loan for an under-construction
property helps with EMI management and eliminates
the risk of falling victim to real estate fraud.
10
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crucial home loan considerations for
under-construction properties