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Home Extension Loans - Poonawalla Housing

Home Extension Loan

Make more room for happiness!

Home Extension Loan by Poonawalla Housing Finance

Explore the Features & Benefits of our Home Loan

Buying a home is a dream for you. Keeping this in mind, we help you fulfil your dream with our feature-rich Home Loan schemes which are designed for a seamless and pleasant experience.

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Home Loan for all your housing needs

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Affordable housing loans

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Balance transfer

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Top-Up loan

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Flexible
repayment tenure

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Minimum documentation

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Attractive interest rates

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End-to-end
doorstep service

Our Home Loan Eligibility Criteria is simple with minimal documents

We understand what it feels like to take the first step towards buying your own dream home. To make your dream more accessible, we provide home loans with simple eligibility criteria, minimum documentation, and a hassle-free application process.

Salaried Individuals Self-Employed Individuals Firm / Company
Eligible Borrowers Government / Semi government / PSU / Private and MNC companies / Proprietorship or Partnership firms
  • Proprietor / Partners / Directors
  • Or Self-Employed Professionals like Chartered Accountant, Company Secretary & Doctors
Partnership or Private Limited companies engaged in Manufacturing, Servicing or Trading
Age The minimum age of applicant at the time of loan application should be a 21 years and maximum of 65 years or the retirement age, whichever is lower. The minimum age of applicant at the time of loan application should be a 21 years and maximum of 65 years or the retirement age, whichever is lower. The minimum age of Proprietor / Key Partner / Key Director at the time of loan application should be a 25 years and maximum of 65 years or the retirement age, whichever is lower.
Income Net monthly take-home salary should be minimum ₹ 20,000 Gross annual income should be minimum ₹ 3 Lakh Annual turnover should be minimum ₹ 10 Lakhs
Experience / Vintage Minimum One year Minimum Two years in current Business or Profession Business stability / Vintage of minimum 3 years
Citizenship Individuals with Indian Citizenship Individuals with Indian Citizenship Proprietor / Partners / Directors with Indian Citizenship

Documents Required for Home Loan

Salaried Individuals Self-Employed Individuals Firm / Company
Identity Documents
  • PAN Card
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • PAN Card
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • Firm / Company PAN Card, GST Registration Certificate (If applicable) and Other Applicable Registration documents
  • KYC of Partners / Directors (PAN Card and Aadhaar Card)
Address Proof
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name and address
  • Aadhaar Card
  • Passport (Not Expired)
  • Driving License with Photo
  • Voters Identity card issued by the Election Commission of India
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name and address
  • Electricity bill for owned premises
  • Rent agreement for rented premises
  • Passport for Partner / Directors
Income Documents
  • Latest 3 months’ salary slip
  • Form 16
  • Income Tax Returns along with computation for last 2 years
  • Profit/Loss statement and balance sheet for last 2 years
  • Income Tax Returns along with computation for last 2 years
  • Profit/Loss statement and balance sheet for last 2 years
  • GST Returns
Bank Account Statement Latest 6 months’ bank statement evidencing salary credits Operative bank account statement for last 6 months Operative bank account statement for last 6 months
Property Documents Property documents along with legal & technical clearance of the property

Know our Home Loan Interest Rates & Charges

We make home loans affordable for you with competitive interest rates and completely transparent processing involving no hidden charges. Buying your dream of a home with Poonawalla Housing Finance doesn’t put an extra burden on your finances.

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Affordable
interest rate

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Foreclosure charges

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Processing fee

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Other fees and charges

About Poonawalla Housing Finance Home Extension Loan

Give your expanding family the space they need, be it for a new bedroom, guest room, balcony/open area, or an increased living space with Poonawalla Housing Finance Home Extension Loan.

We understand a dream home has sweet little corners for each member of the family and their needs. As you grow and prosper in life, your family’s needs for space change too! Our customized Home Extension Loan starting from ₹5 Lakhs is the perfect solution to help you fulfil the requirement of additional space in your existing home.

Now enjoy our completely transparent loan offering at attractive interest rate with the benefits of no hidden charges, minimum documentation, flexible repayment tenure and zero foreclosure charges. That’s not all! Our prompt service ensures you a hassle-free process for quick approval and disbursal of loan.

Home Loan: Frequently Asked Questions

What is a Home Loan and how does the process work?

A home loan is a secured loan/credit option provided for housing purposes like purchase, construction, extension, or renovation of residential property. The loan eligibility largely depends upon several factors like employment, annual income, credit score, and more. Post verification of your eligibility and property documents, the loan is disbursed. Then, your Equated Monthly Instalment (EMI) will start for the availed home loan repayment. A home loan is said to be closed when the principal and interest component is completely paid off by the borrower either until the end of loan tenure or by way of prepayment.

How to apply for Poonawalla Housing Finance Home Loan?

a. You can apply for our Home Loan through a simple and hassle-free online application:

  • Click on Apply online and fill in a loan application form with your basic details
  • Submit your KYC, Income & Property documents, and Bank account statements to check your loan eligibility
  • There will be a quick verification and assessment of your documents
  • We’ll follow a quick process to approve your loan application
  • Once approved, your home loan will be instantly transferred to yours or the builder’s bank account, as per your request.

b. You can call us on our Toll-Free Number 1800-266-3204 and talk to our representative for personal assistance.

c. Or you can visit us at our branch near you, click here to locate the address.

What is the minimum loan amount that I can borrow?

We provide home loans starting from ₹ 5 Lakhs onwards.

Can I use Home Loan for renovation and improvement?

Yes, you can renovate, modify or make improvements to your house with our Home Loan offering.

What are the types of Home Loans provided?

With Poonawalla Housing Finance Home Loans, you can do more than just buying a home! We provide loans for self-construction of Bungalows / Independent Houses, purchase of new Houses / Flat / Villas, or for purchases of re-sale Houses / Flats / Villas / Bungalows. You can also avail of our home loan for flat extension/renovation/improvement.

Do I get any tax benefits on Home Loan?

Yes, if you’ve opted for the old tax regime, your home loan is eligible for tax deductions under section 80C. You can claim a deduction of up to ₹ 2 Lakh and up to ₹ 1.5 Lakh for principal repayment.

What is the Home Loan interest rate at Poonawalla Housing Finance?

Our home loan offering come with affordable interest rates starting at 9.55% p.a.

How do I calculate my Home Loan EMI?

To calculate easy monthly instalments for the home loan amount you want to apply, you can use our simple and effective Home Loan EMI Calculator. All you need to do is enter these 3 important components:

a. Home Loan Amount

b. Loan Repayment Tenure

c. Interest rate

What are my Home Loan tenure options?

At Poonawalla Housing Finance, we offer you longer loan repayment tenure of up to 30 years.

Is there any age limit to apply for Home Loan?

Yes, to avail of our Home Loan, the applicant must meet the defined age criteria:

  • Salaried or self-employed individual must be minimum 21 years at the time of loan application and maximum 60 years at loan maturity.
  • Proprietor/director of firm/company, should be minimum 25 years at the time of loan application and maximum 65 years at loan maturity.
Is there a property insurance required for Home Loan?

There is no stated obligation for the applicant to take property insurance. But it is highly recommended, as buying home loan insurance offers security that covers the loan borrower’s outstanding loan liability if he/she dies during the loan repayment term.

How to get a Home Loan statement?

To get your home loan statement or if you have any other query, you can drop an email at customercare@poonawallahousing.com or call us on 1800-266-3204. Our Customer Care support team is just a call away for all your needs with regards to your loan with us.

Can I get a Top Up Loan facility with Poonawalla Housing Finance?

Yes, we do provide a Top Up Loan to our existing customers, allowing them to borrow a certain amount over and above their existing home loan with the benefit of attractive interest rates and longer tenures.

What are the documents needed to avail a home loan?

As we provide Home Loan for salaried individual, self employed individuals and companies, you can check the complete list of documents required as per your applicant category in our Eligibility and Documents section.

What are the eligibility criteria for Home Loan?

We have different eligibility criteria for salaried individuals, self-employed individuals, and firms / companies. To know and understand your eligibility criteria, please refer to our Eligibility and Documents.

How can I check my Home Loan eligibility?

To know if you are eligible for Poonawalla Housing Finance Home Loan offering, refer to our Eligibility and Documents. section. You can contact us on our Toll-Free Number 1800-266-3204 or visit our nearest branch for personal assistance.

Who all are eligible for a Balance transfer loan?

We provide Home Loan for salaried individuals, self-employed individuals, and companies starting at 9.55% p.a. To know the detailed eligibility criteria as per your applicant category, kindly click and refer our Eligibility and Documents section. You can also enjoy the advantage of lower monthly payments by transferring your outstanding home loan availed from other banks/financial institutions to Poonawalla Housing Finance.

What are the benefits of availing Poonawalla Housing Finance Home Loan?

Our Home Loans are designed to cater to a wide range of housing needs of our customers, be it the purchase of residential construction / under-construction projects, extension, or renovation of property. Finance your housing dream with our home loans involving quick processing and unmatched benefits such as:

  • Affordable loans starting from as low as ₹ 5 Lakhs
  • Simple eligibility criteria and minimum documentation
  • Flexible repayment tenure up to 30 years with no foreclosure charges
  • Completely transparent loans with zero hidden charges
  • PMAY scheme with maximum interest subsidy of up to ₹ 2.67 Lakhs
  • End-to-end doorstep service
Can I have a co-applicant for Home Loan? Who can I include?

Yes, you can avail Poonawalla Housing Finance Home Loan with a co-applicant who can be your immediate family member. This helps to make you eligible for a significantly higher loan amount while sharing the loan repayment and availing higher tax benefits.

How to Apply for Home Loan In 5 Easy Steps?

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Enter
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Enter your personal details

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Verify mobile number with OTP

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Select State
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Select State and City

Select your state and city

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Submit

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Click on submit button

Our Home Loan representative will contact to you for next steps to complete your application process.

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