Buy, build, extend or renovate — and transfer an existing home loan from any bank to a government bank at 8.5%*.
FTM arranges home finance for the purchase of a ready or under-construction property, for plot purchase with construction, for self-construction on land you already own, and for extension and renovation work. Funding of up to 90% of the property value is available on smaller tickets, with tenures stretching to thirty years to keep the EMI manageable.
We also handle balance transfers. If your existing home loan is running at a higher rate, it can be moved to a government bank at 8.5%* — often with a top-up for furnishing or other needs sanctioned at the same time. On a large outstanding balance a difference of even half a percent is worth several lakh rupees over the remaining tenure.
| Interest rate | 8.35%* per annum onwards |
|---|---|
| Funding | Up to 90% of property value |
| Tenure | Up to 30 years |
| Balance transfer | Any bank to a government bank @ 8.5%* |
On a sizeable outstanding balance with a long remaining tenure, usually yes. We work out the saving net of the processing fee and legal cost before you commit, so the decision rests on a number rather than a sales pitch.
Yes. Most lenders sanction a top-up at the time of the transfer, at or close to home-loan rates, subject to the property value and your repayment capacity.
Yes. Disbursement is staged against construction progress, and only the interest on the amount drawn is payable until the full loan is disbursed.
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