Opting for a home loan for an under-construction property

1
Key Things To know About Home Loans For
Under-Construction Property
2
What should you consider when obtaining an
under-construction loan?
3
Select Your Lender Wisely
Choose a lender who assists with a property
evaluation.
4
01
See if the funds are disbursed in instalments or
lump sums.
Learn About The Disbursement Process
02
Find out how the interest will be charged in the
case of instalments.
5
Always Negotiate
If you have a solid income, meet all eligibility
criteria, and have good creditworthiness,
negotiate with your lender.
6
Get pre-approved loan
01
Check if your previous/existing lender has any
pre-approved loan offers for you.
02
Opting for such a loan reduces the paperwork
process.
7
01
Keep track of the construction stage.
Check the Construction Process
02
A delay in construction might negatively impact
your repayment terms.
8
Tax Advantages
Learn about the various tax perks under sections
24, 36(1)(iii), 80C.
9
What to Consider Before Buying an
Under-Construction Property?

• Try to purchase a house in a good area.
• Make sure the floor plan complies with NBC
  requirements.
• Verify if the constructor is utilizing
  high-quality materials.
• Ensure the society has all the amenities it
  needs, such as parks, temples, etc.
• Understand the builder's payback schedule.

10
Choosing an under-construction property offers
flexibility, allowing interior customisation
according to your preferences and providing
potential tax benefits on financing, among other
advantages.
11
Thanks
Would Love to hear from you. Hero Housing Finance
Ltd. Address 09, Basant Lok, Vasant Vihar, New
Delhi - 110057 Tel [phone] Email
customer.care_at_herohfl.com Website
https//www.herohousingfinance.com/ Visit here
Opting for a home loan for an under-construction
property? First, know these things.