What is the maximum loan tenure for a home construction loan?

The maximum tenure for a home construction loan in India can be up to 30 years. This long-tenure facility aims to make construction finance more affordable for home buyers by reducing their EMI burden. The extended repayment period of 30 years helps spread out the repayments over the tenure instead of short durations.

While the regulatory cap is set at 30 years, different financial institutions may offer varying maximum tenures within this limit. The tenure offered can depend on factors like the borrower's repayment capacity, which is determined by their income, loan amount, credit profile, and existing obligations.

The optimal loan tenure is determined based on the scale of the construction project and the projected construction timeline. Borrowers should discuss the ideal repayment period for their specific requirements with the loan provider. To know the EMI and the interest payable for a loan amount for a particular tenure, you can use the home construction loan calculator to make an informed decision.