AU Bank Home Construction Loan

CIBIL Score

• CIBIL score preferably above 750

Required Documents

• Identity, age and address proof - Valid Passport,Voter ID Card,Aadhaar Card, PAN card and Valid Driving License
• Income proof - Salary Slips/ Bank Statements/ Form-16, Salary Certificate (cash salaried cases) and IT Returns and/ or Financial Statements of last 3 years And/ Or Informal Income Documents
• Other documents - Application form with photograph duly signed,Processing fee cheque,Proof of business existence and Last 6 months bank statements
• Property related documents - Title deeds of the plot,Proof of no encumbrances on the property and Construction estimate by an Architect / Civil engineer

Loan Processing Charges

• 0.25% to 2%

Features

• Minimum Home Loan tenure – 1 Year
• Maximum Home Loan tenure – 20 years
• Available for formal & informal income proof customers: Loan is available with minimal or no income proof and with the support of other documentation.
• No hidden charges: Completely transparent process without any hidden charges.
• Doorstep services: Door-to-door services by AU Home Loan experts along with expert financial counselling.
• Easily available in rural India: Wide branch network with availability in rural, semi-urban and urban areas across locations.
• Up to 100% estimated cost: Home Construction Loan is available up to 100% of the estimated cost.
• Wide branch network: Available at 400+ locations across India.
• Tax benefit: Under Section 24, 80EE & 80C of Income Tax Act.
• Different modes for payment available: E-NACH/ ECS/ ACH and other state-of-the-art modes.
• Highest Home Loan eligibility: So that you can construct a good and comfortable dream home for you and your loved ones.
• Experienced staff: Door-to-door services with quick processing and disbursal of loans.