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Make space for what matters – Home Extension Loan that fits your plan.
Imagine expanding your home to create more space for the things that matter: a cosy new bedroom, a functional study, or a larger living area for family gatherings. With our Home Extension Loan, turning your current home into the space you need is within reach. At DMI Housing Finance, we offer this home renovation loan to help you expand your home easily. It offers flexible tenure of up to 30 years with affordable interest rates starting from 9.5% p.a, and the available loan amount is up to ₹75 lakh. This loan is designed to make your home extension affordable and stress-free so you can focus on creating a space that feels just right for you and your loved ones.
Quick
Disbursal
No-Hidden
Charges
Minimum
Documentation
Attractive
Interest Rate
We believe everyone deserves the opportunity to expand and improve their home, regardless of their profession or financial background. That’s why we have crafted flexible eligibility criteria to support various personal needs, making it simpler for you to turn your home extension plans into reality.
Min Age: 21 years
Max Age: 65 years (or retirement age)
Eligible Employment Types: Private, Government, MNC, and contractual employees
Minimum Monthly Income: ₹10,000 onwards
Loan Tenure: Up to 30 years
Min Age: 21 years
Max Age: 65 years (or retirement age)
Loan Amount: Up to ₹15 lakh
Minimum Monthly Income: ₹10,000 onwards
Loan Tenure: Up to 30 years
Min Age: 21 years
Max Age: 75 years (at the time of loan maturity)
Eligible Applicants: Business professionals and non-professional individuals who file ITR or have Informal Income Documents
Minimum Monthly Income: ₹10,000 Onwards
Loan Tenure: Up to 30 years
DMI Housing Finance offers competitive House/Flat Purchase Loans to help you own the perfect home without financial stress.
Purchase your ideal plot of land easily with our Plot Purchase Loan, designed for secure and flexible financing.
DMI Housing Finance provides Renovation Loans with easy terms, helping you turn your home renovation plans into reality.
DMI Housing Finance provides Construction Loans with easy terms, helping you turn your home construction plans into reality.
Our home loans can be availed for Balance Transfers only on self-occupied residential properties. You can avail a maximum loan amount of ₹30 lakh.
We accept houses/residential property as collateral against which we provide secured loans to self-employed individuals for business and personal needs.
We accept commercial/residential plots as collateral against which we provide secured loans to self-employed individuals for business and personal needs.
Our Loan Against Property Balance Transfer option allows you to unlock better rates and terms on your existing loan.
Get all the answers to your top Home Extension Loans FAQs with DMI Housing Finance
Yes, DMI Housing Finance provides a Home Extension Loan to enlarge the space of your existing house to meet your needs, like adding a room or even a floor. We offer this loan at competitive interest rates for up to 30 years.
Yes, a home extension loan is eligible for tax exemption. You can claim up to ₹1.5 lakh for an annual tax deduction under section 80(C). Additionally, ₹2 lakh can be claimed under section 24(b) for home loan interest payment if the home is self-occupied. There is no limit for deduction if it is a let-out property.
The maximum loan amount depends on your income, repayment capacity, property value, and the lender’s policies. At DMI Housing Finance, you can avail yourself of a home extension loan of up to ₹75 lakh.
No, it is not essential, but having a good credit score is important when taking out any loan. A higher credit score increases your loan approval chances and can help secure better interest rates.
If you apply digitally with all the required documents and details, your home extension loan application will be approved in 1 working day at DMI Housing Finance. Our team strives to process loans as quickly as possible for your convenience.
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