🏗️ Construction Loan Eligibility Criteria

Build your dream home from the ground up with our Construction Loan! 🏡
At Pearless Housing Fin. Corp., we offer flexible loans to help you fund your home construction. Check if you’re eligible:

📌 Basic Eligibility

• 👤 Age: 21 to 60 years (salaried), up to 65 years (self-employed)

• 🇮🇳 Nationality: Must be an Indian citizen

• 🧑‍💼 Occupation: Salaried, Self-employed, or Business Owner

• 📆 Experience:

  • Salaried: At least 1 year of job continuity

  • Self-employed: Minimum 2 years in business

🏡 Property & Construction Requirements

• 📍 Land Ownership: Land should be owned by the applicant

• 🏘️ Property Location: Within approved municipal or development zones

• 📑 Construction Plan: Approved plan from local authority required

• 🏗️ Completion Timeline: Must complete construction within sanctioned time

💳 Financial Criteria

• 💰 Minimum Income: ₹20,000/month (city-specific)

• 📊 Credit Score: 650+ preferred

• 🏦 Bank Statement: Last 6 months required

• 💼 Repayment Capacity: Based on income, liabilities, and age

📂 Documents Required

• 🆔 KYC Documents (Aadhar, PAN, Address Proof)

• 🏠 Land Ownership Proof

• 📜 Approved Building Plan

• 📄 Cost Estimate by Civil Engineer/Architect

• 🧾 ITR / Salary Slips / Business Proof

• 📑 6 Months Bank Statements

💸 Loan Details

• 🔹 Loan Amount: ₹5 Lakhs to ₹1 Crore

• 🔹 Tenure: Up to 20 years

• 🔹 Disbursal: In stages as per construction progress

• 🔹 Interest Rate: Competitive & flexible repayment options

⚠️ Note: All loans are subject to internal credit assessment and property verification