Build Your Home, Your Way
Stage-wise disbursement aligned to your construction progress. Finance up to 85% of construction cost with flexible tenure and competitive rates.
Why Choose Our Construction Loan?
Built for self-construction projects — from laying the foundation to handing over the keys.
Stage-Wise Disbursement
Funds are released in tranches as construction progresses — foundation, plinth, slab, walls, finishing — so you only pay interest on what you've drawn.
Interest Only During Construction
Pay only the interest on disbursed amounts during the construction period. Full EMI begins only after the final disbursement.
Up to 85% of Construction Cost
We finance up to 85% of the estimated construction cost as assessed by our empanelled valuer, keeping your outlay minimal.
Approved Plan Required
Loans are sanctioned against BBMP / BDA / Gram Panchayat approved building plans, ensuring your construction is legally compliant.
Flexible Tenure up to 20 Years
Choose a repayment tenure of up to 20 years post-construction to keep your EMIs manageable.
Plot + Construction Combo
Already taken a plot loan with us? Seamlessly convert or top-up to a construction loan on the same property.
Stage-Wise Disbursement Schedule
Funds are released as each construction milestone is completed and verified by our technical team.
Foundation
First tranche released after foundation work is completed and verified.
Plinth & Basement
Released after plinth beam and basement slab completion.
Ground Floor Slab
Released after ground floor roof slab casting is complete.
Upper Floor Slabs
Released progressively as each upper floor slab is cast and verified.
Brickwork & Plastering
Released after brickwork, plastering, and internal wiring are done.
Finishing & Handover
Final tranche released after flooring, painting, and completion certificate.
Interest Rate Plans
Transparent pricing. Interest charged only on disbursed amounts during construction.
Floating Rate
Linked to RBI repo rate. Interest charged on disbursed amount only.
Fixed Rate (5 yr)
Rate locked for first 5 years post-construction.
Plot + Construction
Combined loan for plot purchase and construction on same property.
* Interest rates are indicative and subject to change based on credit profile, loan amount, and RBI guidelines. Final rates are determined at loan sanction.
Eligibility Criteria
Check if you qualify for a CitiLoans Construction Loan.
Salaried Individuals
- Age: 21 to 60 years at loan maturity
- Minimum net monthly income: ₹35,000
- Minimum 2 years of continuous employment
- Credit score of 700 or above
- Plot / land owned in Bangalore / Karnataka
Self-Employed / Business Owners
- Age: 25 to 65 years at loan maturity
- Minimum 3 years in current business
- Minimum annual income: ₹5,00,000 (ITR basis)
- Credit score of 700 or above
- Plot / land owned in Bangalore / Karnataka
Documents Required
Minimal paperwork. We guide you through every document.
Identity & Address Proof
- Aadhaar Card
- PAN Card
- Passport / Voter ID / Driving Licence
Income Proof (Salaried)
- Last 3 months salary slips
- Last 6 months bank statements
- Form 16 / ITR for last 2 years
Income Proof (Self-Employed)
- ITR with computation for last 3 years
- Last 12 months bank statements
- Business registration / GST certificate
Property & Construction Documents
- Title deed and encumbrance certificate (EC)
- Approved building plan (BBMP / BDA / GP)
- Construction cost estimate from licensed engineer
- Khata certificate and property tax receipts
How It Works
From sanction to slab — a clear, milestone-driven process.
Apply & Submit Documents
Apply online or visit our office. Submit your income documents, property papers, and approved building plan for review.
Technical & Legal Verification
Our empanelled engineer assesses the construction cost estimate. Our legal team verifies title and building plan approvals.
Loan Sanction in 72 Hours
Post verification, your loan is sanctioned within 72 hours. You receive a sanction letter with the approved amount and disbursement schedule.
Stage-Wise Disbursement
Funds are released at each construction milestone after our technical team inspects and approves the completed stage.
Ready to Start Building?
Talk to a CitiLoans expert today and get your construction loan sanctioned in 72 hours.