Top-Up & Transfer
Easily enhance your loan transfer for better terms.
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*The Interest Rate mentioned is indicative and can significantly vary depending on the type funding requirement and project risks, thereon
Construction finance is a structured product offering from CGCL, where each deal is tailormade considering the unique requirements of the project having different risk and mitigations and accordingly pricing is decided. Pricing varies between 15% to 24% depending on the risks involved in the transaction/ project.
Easily enhance your loan transfer for better terms.
Quick fund access to keep your project on track.
Repayment terms designed to match your project timeline.
Larger loans tailored for mid to large scale projects.
The construction loan process typically involves submitting an application with details about your construction project, budget, and financial information. The lender evaluates your application on factors like creditworthiness and project feasibility. Once all requirements are met, the lender approves the construction loan.
A home construction loan is a short-term loan that finances the construction of a new home. During construction, you typically make interest-only payments. Once the home is built, the loan can be converted into a traditional mortgage or paid off.
The required credit score for construction loans varies among lenders. Generally, a higher credit score increases your chances of approval and may lead to better terms. A credit score of 650 or higher is often considered a minimum, but it's advisable to check with the specific lender for their requirements.
The best loan for construction depends on your needs. Common options include construction-to-permanent loans, which transition into a mortgage, and standalone construction loans. Consult with our advisors to determine the most suitable construction finance loan option for your situation.
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