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?
Permanent Salaried Employees
Individuals with regular employment and adequate income to meet repayment obligations
Self-Employed Professionals
Doctors, lawyers, CAs, architects, and other professionals with stable income
Self-Employed Business Persons
Businessmen with adequate regular income for repayment
Loan Amount & Terms
For Purchase
Up to 75%
Of the cost of house
For Construction
Up to 70%
Of the construction cost
Maximum Limit
Rs. 70 Lakh
Subject to eligibility
Repayment Period
Up to 20 Years
Based on repaying capacity
Interest Rate
Interest rate is charged as per prevailing rates. Interest is calculated on reducing balance at monthly rest.
Security
Primary Security
Equitable mortgage of legally acceptable title documents of non-encumbered residential house/flat in the name of borrower, either self-occupied or vacant.
Personal Guarantee
Third party personal guarantee of two persons having good credentials and adequate net worth
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
- 0.7% of the loan amount as processing fee (Minimum Rs. 500)
- 1% of sanctioned amount or Rs. 1 lakh (whichever is lower) as share money contribution
- 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.