welcome to Orange City Housing Finance Ltd
About Plot + Construction Loan
Found the plot of land where one want home to be, or which One simply want to own? One can purchase non-agricultural land situated within Municipal / Local Development Authority limits, whether One are salaried or self-employed, easily through OCHFL Plot Loans.
Amount of Loan
You can avail a Loan for Plot + Construction (provided the construction is completed in 3 years from the date of disbursement ) not exceeding 80%* of the cost of property / estimate for loans upto 20 Lakhs and should not exceed 75% of the cost of property / estimate for loans above 20 Lakhs.
- Repayment Capacity
- Stability and Continuity of Income
- Assets & Liabilities
- Business Profile
- Co-applicant's Income
- Guarantors
Loan Tenure & EMI
The tenure of Plot Loan ranges from 1 to 3 years. Loan Tenure of Plot + Construction loan ranges from 1 to 15 years. The term of loan however does not extend beyond 75 years age of customer, provided further that the purpose is to construct the house/ own office their on.
- Quantum of loan
- Interest rate applicable
- Loan tenure
Special Payment Schemes
One can enjoy the exclusive 'Regressive Payment Scheme' if one is a home loan seeker due for retirement within the term of the loan and have applied jointly with an eligible One Younger co-applicant.
