Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs

SUPPORT

Menu  
 
Apply Now
Apply Now

Tata Capital > Blog > How can you use home loans for your house extension?

Loan for Home

How can you use home loans for your house extension?

How can you use home loans for your house extension?

Have you always dreamed of having a lush green backyard where your child’s tiny feet trot around in glee or your dog happily roll in the grass?  What if we tell you that your dreams can turn into a reality without the need to shift houses? You may already have a fantastic home and may have taken a home loan to fund that, which is why moving to another house doesn’t make any sense. So why not extend your current abode to create a space you always dreamed of?

Know More

People love to upgrade their lifestyle, starting with their houses. Some want to add new pieces of décor while others want to expand the space to accommodate their growing families or fulfill their dreams.

But what do you do when you’re short on funds? Surely, there are home loans available for purchasing a new house, but did you know that you could get housing finance support even to extend an existing one?

What are house extension loans?

Home loans for extension are taken when you want to create more space by adding more rooms and even more floors to the existing house. However, don’t confuse these with home improvement loans, which are taken to upgrade the house through renovations and refurbishments.

What to keep in mind when taking a home loan for a house extension?

1. How much loan do you need?

From construction to doing up the new part of the house, you’ll probably be spending a lot of money. The first step is to figure out how much of that expense will you self-finance and what percentage will come via the loan.

2. What’s your home loan eligibility?

Your home loan eligibility governs the amount of loan you end up getting. However, one way to counter this is by choosing a good lender that comes with the highest home loan eligibility criteria.

3. How will you repay the amount?

If you’re repaying an existing home loan or other loans, it’s important to decide how you will repay the extension loan. Look for providers that offer flexible EMI payments to make things easier.

4. Which lender should you opt for?

If you’re repaying an existing home loan or other loans. However, their features and benefits differ from each other. Do a comprehensive study and pick the right provider, so eventually, you get a better deal at a lower cost.

Increasing the size of your house shouldn’t increase your financial woes. Tata Capital would love to assist you with all your loan needs. They offer low processing cost and flexible EMI options along with a host of other benefits as well. So why wait? Take a home loan today for all your house extension needs!

Apply For Home Loan

Say Hello to Your New Home with Our Easy Home Loans!

Apply now
Popular Searches
anyror modt charges 712 utara online gujarat pre emi calculator earnest money deposit Goa Land Record earnest money khasra number meebhoomi Assam Land Record
More About Loans
home loan calculating home loan housing loan rate of interest calculate home loan eligibility documents needed for housing loan quick cash loan housing loan top up home loan transfer home loan with overdraft facility home loan balance transfer calculator home loan disbursement process loan for home extension rgrhcl
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools