DBH Semi-Pucca Construction Loan
DBH offers financing tailored to your home needs and affordability. The DBH Semi-Pucca Loan is designed to assist you in purchasing or constructing a semi-pucca house, alleviating the burden of rising house rents in today’s bustling metro life.
- Loan Facility: Up to 70% of the estimated construction cost or property value
- Flexible Loan Tenure: Up to 20 years
- No approved plan required for semi-pucca construction
- Financing available from the beginning of the construction phase
- Disbursement in phases based on construction progress with PEMI facility
- Transparent Pricing: No Hidden Costs
- Partial prepayment without charges, along with full early settlement options available
Semi-Pucca Construction Loan Requirements for Employed Individuals:
- Employment certificate/Salary certificate
- Pay slips (Last 3 months)
- Bio-Data (income-earner) / CV
- Acknowledgment receipt of income tax return
- Bank Statement (last 12 months)
- Business Card
- Ownership documents, approved plan, Rental income proof (if any)
- Other loan statements (if any)
- Copy of E-TIN Certificate
- Copy of NID
- Photo of applicant & co-applicant
- Loan Processing Fees
Requirements for Self-Employed Individuals:
- Copy of Trade License
- Copy of memorandum & Article of Association (if applicable)
- Business/Product details
- Income tax assessment (3 years)
- Acknowledgment receipt of income tax return
- Profit & Loss Account for business (3 years)
- Business bank statement (last 12 months)
- Bio-Data/ CV
- Business Card
- Copy of NID
- Copy of E-TIN Certificate
- Ownership documents, approved plan, Rental income proof (if any)
- Other loan statements (if any)
- Photo of applicant & co-applicant
- Loan Processing Fees
Semi-Pucca Construction Loan Document Requirements:
For Private Land:
- Ownership/Lease deed (Original)
- Baya deed for 21 years (original/certified/photocopy)
- C.S., R.S., S.A., and City Jorip Khatian/Parcha
- Recent Survey Report (duly attested)
- Mutation Parcha based on Recent Survey Report
- Up to date “No Encumbrance Certificate” for 13 years
- Up to date Land Tax Receipt
For Government Plots:
- Ownership deed/Lease deed of land
- Baya deed for 21 years (original/certified/photocopy)
- Mutation Certificate
- Up to date Land Tax Receipt
- Permission from the lessor to mortgage (if required)
FAQs on Semi-Pucca Construction Loan
Q: What is a Semi Pucca Construction Loan?
A: A Semi Pucca Construction Loan is a financing option provided by DBH to support individuals in purchasing or constructing semi-pucca houses, offering relief from escalating house rents in urban areas.
Q: What percentage of the estimated construction cost or property value does the loan cover?
A: The loan facility covers up to 70% of the estimated construction cost or property value.
Q: What is the maximum loan tenure offered?
A: Borrowers have the flexibility to choose a loan tenure of up to 20 years.
Q: Do I need an approved plan for semi-pucca construction?
A: No, an approved plan is not required for semi-pucca construction or structure.
Q: How is the loan disbursed during the construction process?
A: Disbursement occurs in phases based on the progress of the construction work, with the option for Partial Early Monthly Installment (PEMI) facility.
Q: Are there any hidden costs associated with the loan?
A: No, DBH ensures transparency with no hidden costs.
Q: Can I make partial prepayments on the loan?
A: Yes, partial prepayments are allowed without any charges, subject to the prevailing company policy. Additionally, full early settlement options are available.
Q: What documents are required for employed individuals applying for the loan?
A: Required documents include employment certificates, salary slips, bank statements, income tax returns, identification documents, and property ownership details, among others.
Q: What documents are needed for self-employed individuals applying for the loan?
A: Self-employed applicants need to provide trade licenses, business details, income tax assessments, bank statements, identification documents, and property ownership details, among others.
Q: What documents are required for property ownership verification?
A: For private land, documents such as ownership/lease deeds, bayah deeds, survey reports, mutation parchas, encumbrance certificates, and land tax receipts are necessary. For government plots, similar documents along with permissions from lessors may be required.
Q: How long does the loan processing take?
A: The loan processing time varies, but typically depends on the completeness of the documentation provided and the verification process.