More Space
Home Extension Loan
Adding a new room or a floor? Get a loan specifically designed for extending your current residential property.
Cover Construction CostLonger RepaymentTax Benefits
25+ Happy Users
joined in the last 24 hours
Loan Details
Home Extension Loan Calculator
Calculate your EMI and total interest for a home extension loan with flexible repayment options.
Instant Approval
No Hidden Charges
100% Digital Process
Representative Example:
Borrow ₹2,00,000 over 12 months at 25.8% APR. Total repayment: ₹2,29,038.83 with monthly EMIs of ₹19,086.57.
EMI Calculator
₹2,00,000
12
25.8%
Monthly EMI
₹19,086.57
Total Interest
₹29,038.83
Why Opt for a Home Extension Loan?
Perfect for growing families needing more space:
- Adding a new floor to the house
- Constructing an additional bedroom or reading room
- Enclosing a balcony to create living space
Eligibility Criteria
Checks on structural feasibility:
- Structural Stability Certificate: To ensure existing building can hold the weight
- Approvals: Extension plan must be approved by local authority
- Ownership: Joint owners must be co-applicants
Documents Required
Technical documents are key:
- Approved Extension Plan
- Cost Estimation by Architect
- Original Title Deeds (if not already with the bank)
- Latest KYC and Income proofs
Key Benefits
Financial advantages:
- Interest Rate: Same as regular Home Loan rates
- Tax Deduction: Eligible under Sec 24(b) (Interest) and 80C (Principal)
- LTV: Up to 90% of the construction estimate
- Long Tenure: Up to 20 years
What Our Customers Say
Real experiences from satisfied customers
No reviews yet. Be the first to share your experience!