Wish to purchase a plot and construct your dream house on it? MHFCL can provide loans for both the plot purchase and house construction!

Loan Amount

You can take loan amounts varying from Rs 3 lakhs to Rs 25 lakhs.

Loan To Value (LTV)

Please get in touch with us to know the maximum loan you are can get to purchase a plot and construct the property.


You can choose from tenures going up t0 20 years.

Installment Calculator

We offer an installment calculator that is easy to use. It makes it easy for you to calculate the amount your monthly installment.


The property you buy is mortgaged until you repay the loan amount in full.


You have to first own the land on which you will construct the home. The loan is not given in full and is instead given as per requirements.


Indian citizens, both salaried or self-employed, can apply for a loan to buy a plot and then build their dream home


You need to be at least 21 years of age when applying for a home loan for self-construction. You should be 65 years or less at the time of loan maturity.

Location of Property

The plot you purchase should be in a city with an MHFL office and lie within the branch’s geo-limits.


You should have a bank account. All owners of the property being financed and all individuals whose income has been considered for the loan have to be co-applicants to the loan.

Provide the Documents

When taking a plot plus construction loan, you have to provide documents for proof of identification and address. You will also have to provide ownership of the plot after purchase. Other requisite documents are KYC and bank/ITR statements.

Complete the Loan Application Process

You can take the loan as an individual or as a joint loan with a spouse, adult child or parent. If there is a co-owner of your first home, they should be co-applicants to the loan. Our customer care executives are always happy to help you correctly complete the loan application process.

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Frequently Asked Questions

Like every other home loan, you need to consider your eligibility and repayment capacity when taking the plot plus construction loan. Remember, if your current income is less, you can opt for a longer tenure for a smaller EMI.
No, you do not get the full loan amount in one go. Instead, the loan is given as per requirement. For example, you first get the amount to purchase a plot of land. After that, the amount is usually linked to construction. Please get in touch with our customer care executive to understand the various steps for getting the loan.