Extension Loan

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 in Metros and Rs. 30 Lacs in Non-Metro Cities
  • 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:Upto 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.