You have identified a beautiful plot of land on which you wish to construct your dream home by yourself. Come to LGFC for a composite loan that covers the cost of the plot of land as well as the construction.

Features and Benefits of LGFC Plot & Construction Composite Loan

1. Tenure & Term: The tenure of your Plot + Construction Composite Land loan ranges from 1 to 20 years. The term however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self employed individuals)
2. Purpose:  Avail a Plot + Construction Composite Land loan for purchase of non-agricultural land situated within Municipal / Local Development Authority limits and then construct your house.
3. Reduce your EMI : With tenure of 20 years, you can reduce the EMI amount on your Plot + Construction Composite Land loan, so that your outgoings every month do not come in the way of your lifestyle and living standards.
4. Interest Rates: The Interest rate applicable is based on the LGFC’s Retail Prime Lending Rate (RPLR) which fluctuates from time to time based on the money market conditions.
5. Processing Fees:  This is charged as the fee towards processing your loan application:

Documentation Required For Home Loan

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Home Loan Products: Services & Charges

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FAQs

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