Home Extension
Loans
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Expand your house with our Home Extension Loan.

Expand your house with our home extension loan.

Add a room for your growing child, gift your family a larger kitchen, or create another floor for your growing needs with this loan. With attractive interest rates and superior customer service, we make your home extension loan hassle-free.

At Capital India Home Loans, we believe in customer engagement and education at every step. We guide customers throughout the process by providing services at the doorstep for ease of documentation and timely loan delivery.

  • Purpose
  • Who can apply
  • Benefits
  • Documents required
  • Maximum loan
  • Interest rates

Home extension loans are designed to provide finance for additional construction in existing property.

  • Salaried
  • self-employed
  • professionals
  • non-individuals (corporations)
  • Expert guidance at your doorstep
  • Simple, quick and hassle-free process
  • Attractive interest rates
  • Easy documentation
  • Tax benefits
    Section 24

    As per the Section 24 of the Income Tax Act, interest paid on the capital borrowed for the acquisition, construction, repair, renewal or reconstruction of property is entitled to a deduction of a maximum amount of INR 2,00,000. The property should be self-occupied. For rented out property there is no limit to the amount of deduction.

    Section 80C

    As per the Section 80C of the Income Tax Act, you can get a maximum deduction of INR 1,50,000 from the income, on repayment of principal during a financial year.

Salaried employees
  • Duly filled application form with photograph
  • Age proof (PAN card or passport or any other certificate from statutory authority)
  • Residence proof (Passport or driving license or telephone bill or ration card or election card or aadhaar card)
  • Education qualifications – certificate
  • Last 3 months salary statements
  • Form 16 for last 2 years
  • Last 6 months bank statements (salary account)
Self-employed/professionals
  • Duly filled application form with photograph
  • Age proof (PAN card or passport or any other certificate from statutory authority)
  • Residence proof (Passport or driving license or telephone bill or ration card or election card or aadhaar card)
  • Education qualifications – certificate
  • Certificate & proof of business existence along with business profile
  • Last 3 years Income Tax Returns (self and business) with profit & loss account & balance sheets duly certified/audited by a Chartered Accountant
  • Last 12 months bank account statements (self & business)

Up to 90% of the Cost of home extension. This value must be verified and certified by an inhouse technical officer or empanelled chartered engineer or architect.

Starting from 8.45%

FAQs - Home Loans

The purpose of a home extension loan is to borrow money if you want to extend your home or create more space in a home that you already own. This could be in the form of a room built on the terrace, in place of a balcony etc.

The tenure of a home extension loan works in the same way as that of a regular home loan.

A home loan provides finance for the purchase or construction of a new house whereas a home extension loan is used for extending your current house.

Registered Office

2nd floor, DLF Centre, Sansad Marg
New Delhi - 110001.
Tel: +91-11-49546000
CIN: U65990DL2017PLC322041

Corporate Office

713 & 714, 'A' Wing, Kanakia Wall Street,
Andheri Kurla Road, Chakala, Andheri (East),
Mumbai - 400093
Tel: +91-22-4938 5000

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