What is a Construction Loan?
A Construction Loan is a short-term loan that helps you in building your dream home or commercial property from scratch. Unlike a regular home loan (which is disbursed in one go), a construction loan is released in stages, based on the progress of the construction.
Why should you consider a Construction Loan?
- 🏗️ Stage-Wise Disbursal: Funds are released in phases — for example, after foundation completion, first floor, etc. The bank/lender may inspect the site before each release for transparency.
- 💰 Interest-Only Payments During Construction: You pay only the interest (not full EMI) on the disbursed amount during the construction period, reducing financial burden.
- 📅 Full EMI Post-Construction: Once your home/project is completed, the loan converts to a regular home loan, and you start paying full EMIs (principal + interest).
Why choose Midas Finserve Pvt Ltd?
- 💵 Loan Amount: Up to 80–90% of the estimated construction cost (subject to provider approval)
- 📈 Flexible Tenure: 20–30 years post-construction
- ⚡ Quick Approvals: Fast-tracked processing for eligible profiles
- 📄 Minimal Documentation: We handle the paperwork while you focus on building
- 🧑💼 Personalized Guidance: From loan structuring to disbursal tracking, we assist at every step
- 💳 Flexible Payment Options: Pre-EMI, Full EMI, Part Payment
- 💸 Low Interest Rates: Starting from 7.35% p.a. onwards
🏠 Ready to Build?
Let’s get you started with a free eligibility check and personalized construction loan quote.
