Home Extension Loan
A Home Extension Loan is a specialized financial product designed to help homeowners expand their existing residential property by adding new rooms, floors, or extending existing spaces. This loan covers all costs associated with the extension work, including materials, labor, and other related expenses.
With our Home Extension Loan, you can enhance your living space without straining your finances. Our streamlined process ensures quick disbursal with minimal documentation, allowing you to start your extension project sooner.
LIC HFL Home Extension Loan Features
Simple Documentation and Low EMI
Minimal documentation required for a hassle-free loan process with affordable EMIs
Competitive Interest Rates
Enjoy attractive rates of interest on your loan amount
Availability
Quick processing and disbursal across all major cities
Flexible Tenure
Repayment tenure up to 20 years for comfortable EMIs
Top-up Facility
Additional funds available for extended renovation needs
Disbursement in Stages
Funds disbursed as per construction progress
Interest Rate on Home Extension Loan
Salaried Applicants
| Loan Amount | Interest Rate |
|---|---|
| Up to ₹30 Lakh | 8.75% p.a. onwards |
| Above ₹30 Lakh | 8.90% p.a. onwards |
Self-Employed
| Loan Amount | Interest Rate |
|---|---|
| Up to ₹30 Lakh | 8.90% p.a. onwards |
| Above ₹30 Lakh | 9.10% p.a. onwards |
Maximum Loan Amount and Repayment Period
Loan to Property Cost
- Up to 80% of the extension cost
- Loan amount up to ₹1 crore
- Subject to property valuation
Maximum Repayment Period
- Up to 20 years for salaried applicants
- Up to 15 years for self-employed applicants
- Age-linked tenure for senior citizens
Note: The maximum loan amount and repayment period are subject to change based on prevailing policies and individual eligibility criteria.
EMI/Eligibility Calculator
Home Extension Loan EMI Calculator
Calculate your monthly EMI with our easy-to-use calculator
WhatsApp support
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Start a chat on WhatsAppReach Us at -
Email - support@swastikfinadvisors.com
Call us - +918588899496
