Home Loan for Under-Construction Properties

Flexible Funding for Your Home in the Making

  • Quick sanction
  • Zero-touch loan
  • Easy customer support
  • Up to 90% loan-to-value (LTV)

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What is a Home Loan for Under-Construction Property?

A home loan for under-construction property helps buyers finance their dream home while it is still being built. Unlike ready-to-move houses, under-construction projects require step-by-step funding, making housing finance for under-construction house an ideal solution. This type of mortgage allows customers to pay the builder in stages while managing affordability through EMIs. Godrej Housing Finance offers flexible mortgage loan for under-construction property with tailored repayment options, ensuring you enjoy financial ease and security as your future home takes shape.

Higher loan amount up to

₹ 10 crore

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Interest rates starting from

7.75% p.a.

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High loan-to-value up to

90%

High loan-to-value banner

High loan tenure up to

30 years

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Benefits of Home Loan for Under-Construction Properties

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Design Your EMI

Customise your monthly payments and choose to pay interest-only for select period.

Start your homeownership journey without digging a hole in your pocket. Whether your dream house is under construction or a ready-to-move-in property, we have flexible repayment solutions designed to match your financial goals.

  • Pay interest-only for up to 12 months for ready-to-move-in properties
  • Pay interest-only for up to 48 months for under-construction properties
  • Ensure your chosen interest payment meets minimum and maximum thresholds

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Parallel Funding

Pay upfront costs into smaller affordable portions.

Get closer to your dream of homeownership with a parallel funding option, making your perfect abode more attainable than ever.

  • Reduce the stress of upfront payment by sharing the load with us
  • Split your down payment contribution into affordable portions under various construction stages
  • Only applicable for under-construction properties

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Build your future Home affordably with low interest rates
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EMI & Eligibility Calculator for Home Construction Loan

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Home Loan

Plot Loan

Property Loan

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Interest Rates for Under Construction Home Loan

Interest Rates

With low interest rates on home loan, the journey to your dream home is easier than ever. Less EMIs, More Savings!

Indian Resident Salaried

7.65%

per annum onwards*

Non-Resident Indian Salaried

7.65%

per annum onwards*

Business Self-Employed

7.90%

per annum onwards*

Professional Self-Employed

7.90%

per annum onwards*

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With low interest rates on Home Loan, the journey to your dream home is easier than ever. Less EMIs, More Savings!
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*Disclaimer: All contents mentioned on this page, including documents, eligibility may vary for each borrower and are subject to the lender's discretion. The content is subject to change without prior notice.
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Frequently Asked Questions

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Get access to 13+ partners to build,

plan and grow your business

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Connect with Our Customer Support Team

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ⓘ Need more information or answers to your questions? Check out FAQs
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Question-1

What is a Home Loan?

Answer-1

A home loan is a financial product provided by lending institutions that allow individuals to borrow money to purchase a house.

The borrower agrees to pay back the loan over a set period, typically up to 30 years, through monthly payments that include both principal and interest.

Question-2

What are various types of Home Loans?

Answer-2

There are different types of home loans available in the market. However, at Godrej Housing Finance, we provide:

Home loans for ready-to-move-in, under-construction, and resale homes

Balance transfer (shifting of loans from a different financier to Godrej Housing Finance, resulting in savings for the customers)

Top-up on existing home loans for renovation or home improvement

Plot loan to purchase a land or a plot

Question-3

What home loan variants are offered by Godrej Housing Finance?

Answer-3

Godrej Housing Finance offers several home loan variants to meet your needs:

Home Loans for Ready-to-Move-In, Under-Construction, and Resale Homes#: Financing options for purchasing new homes, homes under construction, or pre-owned homes.

Balance Transfer#: Shift your existing home loan from another financier to Godrej Housing Finance to take advantage of potential savings.

Top-Up Loans#: Additional funding on your existing home loan for renovation or home improvement projects.

Loans for Land/Plot Purchase#: Financial assistance for purchasing residential land or plots.

These options provide flexibility and tailored solutions for various home financing needs.

Question-4

What is an Under Construction Property?

Answer-4
An under-construction property refers to a housing unit that is undergoing the process of construction. Such properties are usually sold by the developer before they are entirely built but are handed over only post-completion.
Question-5

What is Design Your EMI?

Answer-5
Design Your EMI is a flexible repayment facility that allows borrowers to tailor their EMI schedules. This offers flexibility in repayment amounts according to their financial needs based on various variants available.
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