Home Loan
Make your dream home a reality with our competitive home loans
About Home Loan
Fulfill your dream of owning a home
Fingrowth Bank offers home loans at competitive rates of interest to help you build or purchase your dream home. We extend financial assistance for construction, expansion, renovation, or purchase of residential property.
Whether you're a first-time homebuyer or looking to upgrade to a bigger space, our flexible home loan options are designed to make homeownership accessible and affordable.
What We Finance
Construction of House
Build your new home from scratch on your own land
Expansion or Renovation
Expand or renovate your existing home
Purchase of Flat
Buy a ready-to-move flat or apartment
Purchase of House
Buy a constructed independent house
Who Can Borrow?
Salaried / Self-employed Individuals
All individuals with regular income and employment
Business Persons & Professionals
Doctors, lawyers, CAs, architects, and other professionals
HUF / Associations / Groups
Hindu Undivided Families, associations of persons, and cooperative societies
Housing & Social Institutions
Co-operative societies, educational, health, social & cultural institutions
Age Requirement
Maximum age: 60 years at the time of maturity. If above 60, co-borrower required.
Loan Amount & Terms
For Purchase
Up to 80%
Of the house purchase cost
For Construction
Up to 80%
Of the construction cost
Maximum Limit
Rs. 140 Lakhs
Subject to eligibility
Repayment Period
Up to 20 Years
Plus moratorium up to 18 months
Income-Based Lending
Option 1: 60× monthly income
Option 2: 5× yearly income
Special Cases: Up to 6× annual income upon approval
Interest Rate
Floating interest on reducing balance method. Penal interest: 2% extra on default. Conversion from floating to fixed: 1% additional interest.
Disbursement Plan
Disbursement Condition: After loan agreement, original property documents, and insurance arrangement.
Ground Floor Construction
Plinth Level
25%
Roof Stage
25%
Plaster Complete
25%
Finishing Stage
25%
Multi-floor Construction
Plinth Level
15%
First Fl. Roof
20%
Second Fl. Roof
25%
Plaster
20%
Finishing
20%
Important: Site inspection required for each disbursement stage. Installments can be merged with bank approval.
Security
Primary Security
Mortgage of the house/property being financed. Legal verification required for all documents.
Alternative Security (if mortgage not possible)
- LIC Policy
- Government Securities
- Shares / Debentures
- Gold
Personal Guarantee
As per bank policy
Documents Required
For Salaried Employees:
- Salary certificate / Income Tax Return
- Verification of employment from employer
- Permanent address for correspondence (if job is transferable)
- Identity and address proof
For Self-Employed Persons:
- Evidence of income
- Copy of bank accounts (if not an account holder)
- Income Tax Return of last 2 years with PAN Card
- Residence proof
Processing Fees & Charges
Processing Fee
0.60% + GST
Minimum: ₹500
Conversion Charges
Floating ↔ Fixed: 0.25% + GST
- Fees and charges are one-time and non-refundable
- Legal and other charges to be borne by the borrower
- Property insurance coverage mandatory
Income Tax Benefits
Interest Deduction
Interest on loan for construction can be claimed up to:
Rs. 1,50,000/- per year
Provided acquisition/construction is completed within 3 years
Principal Rebate
Tax rebate on amount paid towards purchase/construction:
Up to Rs. 20,000/- per year
Under Section 88 of I.T. Act
Key Features
High Loan Amount
Up to Rs. 70 Lakhs
Long Tenure
Up to 20 years
Tax Benefits
Save on income tax
Flexible Repayment
Easy EMI options
Ready to Own Your Dream Home?
Visit your nearest Fingrowth Bank branch to apply for a home loan
Personal Loan Products
Where to Apply?
Visit any branch in Jaipur, Kishangarh (Ajmer), Palanpur (Gujarat) or contact Head Office.