Home Extension Loans

If you want to add more space to your existing home for the future needs of your family, we have the solution for you. We provide home loans for extending your home. Extension to your home can be in the form of an additional bedroom, a reading room, a study room or anything that’s in your mind.

• Loan amount: Upto Rs. 50 Lacs
• Maximum Loan to Value:

  Loan Amount	Maximum Loan to Value
  Upto Rs. 30,00,000	90% of property value
  From Rs. 30,00,001 to Rs. 50,00,000	80% of property value

• Tenure: Up to 20 Years (However, the period shall not exceed beyond 60 years and 70 years of age of the borrower/co-borrower, respectively for Salaried and Self Employed borrowers / co borrowers)
• Repayment: Equated Monthly Instalments (EMI) through Automated Clearing House (ACH).
• Tax benefits: Tax deduction subject to a maximum limit of Rs 2 Lacs for interest payments and up to Rs 1.5 Lacs for principal repayment. Tax benefit can be shared between co-borrowers subject to certain conditions.