Home Extension Loans in India 2025
LoanPao’s home extension loans enable Indian homeowners to expand their living spaces in 2025. Whether adding rooms, a floor, or modern amenities, our loans offer low interest rates, tax benefits, and flexible repayment terms. With a network of 500+ RBI-compliant lenders, LoanPao ensures a seamless borrowing experience. For other home financing needs, explore our Home Loan options.
What is a Home Extension Loan?
A home extension loan is a secured loan designed for homeowners to fund the expansion or renovation of their residential property. It covers costs like construction, materials, and labor for adding rooms, floors, or facilities. LoanPao connects borrowers with lenders offering rates starting at 8.5% p.a. and tenures up to 20 years. These loans often qualify for tax deductions under Section 24(b) and 80C of the Income Tax Act. Estimate your EMI with our EMI Calculator.
Benefits of Home Extension Loans
LoanPao’s home extension loans offer several advantages:
- High Loan Amounts: Borrow up to ₹1 crore based on property value.
- Low Interest Rates: Rates starting at 8.5% p.a.
- Tax Benefits: Deductions on interest (up to ₹2 lakh) and principal (up to ₹1.5 lakh).
- Long Tenure: Repayment up to 20 years for affordable EMIs.
- Fast Approval: Approvals within 5-7 days with minimal documentation.
- Increased Property Value: Enhances your home’s market worth.
Eligibility Criteria
To qualify for a LoanPao home extension loan, you must meet:
| Criteria | Requirement |
|---|---|
| Property Ownership | Clear title of residential property in applicant’s name |
| Age | 21-65 years |
| Income | Minimum ₹3 lakh p.a. (salaried/self-employed) |
| CIBIL Score | 700+ for primary applicant |
| Loan-to-Value (LTV) | Up to 70% of property value |
| Documents | Aadhaar, PAN, property papers, income proof, bank statements |
| Construction Plan | Approved plan from local authority |
| Bank Account | Active account for disbursal and EMI payments |
Verify your credit score via our CIBIL login or contact us at info@loanpao.in.
Loan Amount and Interest Rates
Loan amounts and rates vary by lender and property profile:
| Lender Type | Loan Amount | Interest Rate (p.a.) | Tenure |
|---|---|---|---|
| Public Sector Banks | Up to ₹75 lakh | 8.5-9.5% | Up to 20 years |
| Private Banks | Up to ₹1 crore | 9-10.5% | Up to 20 years |
| NBFCs | Up to ₹50 lakh | 10-12% | Up to 15 years |
Note: Use LoanPao’s EMI calculator to estimate repayments.
How to Apply for a Home Extension Loan with LoanPao
Applying for a home extension loan is simple:
- Compare Loan Options: Explore home extension loans from 500+ RBI-compliant lenders on LoanPao.
- Check Eligibility: Ensure property ownership and approved construction plan.
- Apply Online: Fill out the application form on our platform.
- Submit Documents: Upload Aadhaar, PAN, property papers, income proof, and construction plan.
- Lender Matching: Our platform matches you with the best loan offers.
- Receive Funds: Get approval in 5-7 days and funds disbursed to your account.
Call +91-971-769-5334 for guidance.
Why Choose LoanPao for Home Extension Loans?
LoanPao is the ideal partner for homeowners:
Homeowner-Focused
Loans tailored for home expansion with tax benefits and low rates.
Wide Lender Network
Access 500+ RBI-compliant banks and NBFCs for competitive offers.
Secure & Transparent
SSL encryption and RBI-compliant processes protect your data.