RSP LIC Housing Finance Limited

Home Extension Loans

RSP LIC HFL offers loans for home extension projects with easy repayment and low rates. With low rates, we make your dream home project achievable.

  • RSP LIC Housing Finance Limited (RSP LIC HFL) offers loans specifically for extending your home. You can borrow money from us to add extra rooms, renovate your kitchen, or expand your living space.
  • We make it easy with simple repayment plans and low interest rates. Our goal is to help you achieve your home extension dreams without any difficulties.
  • Trust RSP LIC HFL to support you every step of the way. Turn your house into your dream home with our extension loans!

Salary Person

Easy loans for employed individuals.

Self-Employed

Flexible financing for businessmen.

NRI Person

Specialized loans for non-resident Indians.

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RSP LIC HFL's Home Extension Loan

RSP LIC Housing Finance Limited (RSP LIC HFL) specializes in offering loans specifically for extending your home, often referred to as RSP LIC home loan extension or home extension loans. These loans serve as a financial lifeline for homeowners looking to enhance their living space, whether it’s adding extra rooms, renovating the kitchen, or expanding the overall footprint of their house. With RSP LIC HFL, the process of securing funding for your home extension project is made simple process, thanks to their straightforward application process, flexible repayment plans, and competitive interest rates.

 

The primary goal of RSP LIC HFL is to empower individuals to transform their current residence into their dream home without the burden of financial stress. They understand that home extensions are significant investments that require careful planning and financial support. By offering specialized loans for house extensions, RSP LIC HFL ensures that homeowners have access to the necessary funds to bring their renovation dreams to life.

 

One of the key features of RSP LIC HFL’s home extension loans is their competitive interest rates. These rates are designed to be affordable and budget-friendly, allowing homeowners to borrow the required funds without breaking the bank. Whether you’re looking to finance a small-scale renovation or a major home extension project, RSP LIC HFL provides interest rates that make borrowing for an extension a feasible and cost-effective option.

 

Moreover, RSP LIC HFL offers a variety of borrowing options to cater to the diverse needs of homeowners. From secured loans for home extensions to bank loans specifically earmarked for house extensions, RSP LIC HFL ensures that borrowers have access to the right financial products to suit their requirements. Whether you’re a first-time homebuyer or a seasoned homeowner, RSP LIC HFL’s extensive range of borrowing options ensures that everyone can find a loan that meets their needs.

 

Additionally, RSP LIC HFL places a strong emphasis on eligibility and flexibility when it comes to extending housing loans. They understand that every homeowner’s financial situation is unique, which is why they offer personalized loan solutions to individual needs and circumstances. Whether you’re extending an existing home loan or applying for a new one specifically for a house extension, RSP LIC HFL ensures that you meet the necessary eligibility criteria and offers flexible repayment terms to suit your budget and financial goals.

rsp

Maximum Loan Amount and Repayment Period

RSP LIC HFL offers a maximum loan amount and repayment period that depend on different factors.

  • 90% of the property value is available for loans up to Rs. 30 lakhs.
  • 80% of the property value is available for loans more than Rs. 30 lakhs and up to Rs. 75 lakhs.
  • 75% of the property value is available for loans above Rs. 75 lakhs.
  • For Salaried up to 30 Years
  • For Self-employed up to 20 Years

Features

RSP LIC HFL - Home Extension Loan Features

RSP LIC HFL offers home extension financing with low-interest rates, instant approval, flexible repayment plans, and expert guidance throughout the process.

home extension loan
cibil score
cibil score

CIBIL Range

Interest Rate on Home Loan

Note: ROI updated as on 01.05.2024 - LHPLR - 17.05% 1. For joint applicants, we consider the CIBIL score of the applicant with the highest score. 2. The total loan amount should not go beyond 10 crores under the Advantage Plus Scheme.

Salaried & Professional:

  • 8.50% (Up to 2 Crores)
  • 8.70% (More than 2 Crores & up to 15 Crores)

Non-Salaried & Non-Professional:

  • 8.60% (Up to 2 Crores)
  • 8.80% (More than 2 Crores & up to 15 Crores)

Salaried & Professional:

  • 8.75% (Up to 2 Crores)
  • 8.95% (More than 2 Crores & up to 15 Crores)

Non-Salaried & Non-Professional:

  • 8.85% (Up to 2 Crores)
  • 9.05% (More than 2 Crores & up to 15 Crores)

Salaried & Professional:

  • 9.55% (Up to 50 Lakhs)
  • 9.75% (More than 50 Lakhs & up to 2 Crores)
  • 9.90% (More than 2 Crores & up to 15 Crores)

Non-Salaried & Non-Professional:

  • 9.65% (Up to 50 Lakhs)
  • 9.85% (More than 50 Lakhs & up to 2 Crores)
  • 10.00% (More than 2 Crores & up to 15 Crores)

Salaried & Professional:

  • 10.00% (Up to 50 Lakhs)
  • 10.20% (More than 50 Lakhs & up to 2 Crores)
  • 10.40% (More than 2 Crores & up to 5 Crores)

Non-Salaried & Non-Professional:

  • 10.10% (Up to 50 Lakhs)
  • 10.30% (More than 50 Lakhs & up to 2 Crores)
  • 10.50% (More than 2 Crores & up to 5 Crores)

Salaried & Professional:

  • 8.75% (Up to 2 Crores)

Non-Salaried & Non-Professional:

  • 8.85% (Up to 2 Crores)

Salaried & Professional:

  • 9.25% (Up to 2 Crores)

Non-Salaried & Non-Professional:

  • 9.35% (Up to 2 Crores)

Salaried & Professional:

  • 8.35% CIBIL >= 825 (More than 10 Lakhs & up to 2 Crores)
  • 8.35% CIBIL >= 825 (More than 2 Crores & up to 10 Crores)
  • 8.95% CIBIL 700-749 (More than 10 Lakhs & up to 2 Crores)
  • 8.75% CIBIL 700-749 (More than 2 Crores & up to 10 Crores)

Non-Salaried & Non-Professional:

  • 8.60% CIBIL >= 825 (More than 10 Lakhs & up to 2 Crores)
  • 8.80% CIBIL >= 825 (More than 2 Crores & up to 10 Crores)
  • 9.05% CIBIL 700-749 (More than 10 Lakhs & up to 2 Crores)
  • 8.85% CIBIL 700-749 (More than 2 Crores & up to 10 Crores)

Salaried & Professional:

  • 10.00% CIBIL => 750 (Up to 15 Crores) (fixed for entire term)
  • 10.25% CIBIL < 750 (Up to 15 Crores) (fixed for entire term)

Non-Salaried & Non-Professional:

  • 10.00% CIBIL => 750 (Up to 15 Crores) (fixed for entire term)
  • 10.25% CIBIL < 750 (Up to 15 Crores) (fixed for entire term)

Cibil Score: 750 & above

  • Loan Slab: Up to Rs. 15 Crores
  • ROI: 9.10%

Cibil Score: 700-749

  • Loan Slab: Up to Rs. 15 Crores
  • ROI: 9.25%

Documents

Documents Required to Proceed Further

Document (Title Deed)
Parent Documents
Plan Approval & Order Copy
Estimate
E.C.(Encumbrance Certificate) 1987 to till date
Actual Plan
Sale Agreement (Rs.20 Stamp Paper)
Sale Deed
Parent Documents
House Tax (Latest)
Plan Approval
E.C.(Encumbrance Certificate) 1987 to till date
Construction Agreement 
Registered Sale Deed
Documents (Title Deed)
Parent Documents
Plan Approval, Order and Actual Plan
E.C.(Encumbrance Certificate) 1987 to till date

Housing Loan Services

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        Types of Loans

        Other Types of RSP LIC Housing Loans

        RSP LIC HFL's range of housing loans, offering competitive rates, personalized terms, quick processing, and dedicated customer support for your needs.

        Home loans are financial products offered by banks or lenders to help individuals purchase or renovate residential properties, repaid over a specified period with interest. Click here to learn more.

        Plot loans are financial products provided by banks or lenders specifically for purchasing residential plots or parcels of land. These loans typically cover the cost of acquiring the land, and repayment terms vary based on the lender’s policies. Click here to learn more.

        Home construction loans provide financing for building a new home, covering construction costs like materials and labor. Funds are typically disbursed in stages as construction progresses. Click here to learn more.

        Home improvement loans offer funds for renovating, remodeling, or upgrading existing homes. They’re designed to cover expenses such as repairs, additions, or aesthetic enhancements. Click here to learn more.

        A home extension loan finances expanding your house, typically secured against property value, with repayment over a fixed term. Click here to learn more.

        Loan against property (LAP) allows borrowers to leverage their property’s value as collateral for a loan, providing funds for various purposes with repayment over an agreed term. Click here to learn more.

        A home loan top-up allows existing borrowers to borrow additional funds on top of their current home loan, usually at a competitive interest rate. Click here to learn more.

        Home loan balance transfer involves moving your existing home loan from one lender to another with better terms, such as lower interest rates or improved repayment options. Click here to learn more.

        These are financing options provided to businesses or entities for specific projects or corporate purposes, typically involving large sums of money and structured repayment terms. Click here to learn more about Corporate & Project Loans.

        Home loans for Non-Resident Indians (NRIs) allow them to purchase property in India, often with specific eligibility criteria and documentation. Click here to learn more.

        Home loans for pensioners provide financing for seniors to purchase or renovate homes, considering pension income and repayment capacity. Click here to learn more.