Sundaram Home Finance Home Extension Loan
If your growing family or evolving lifestyle demands more space, a Sundaram Home Finance Home Extension Loan is the perfect solution. Whether you want to add an extra room, build a new floor, or extend your living area, this loan makes it easy and affordable. Apply through NoBroker to enjoy a seamless application process, competitive interest rates, and flexible repayment options. With Sundaram Home Finance Home Extension Loan, expanding your home is now within reach!
Sundaram Home Finance Home Extension Loan
As your family grows or your needs evolve, the space in your home may feel a little cramped. But with Sundaram Home Finance Home Extension Loan, you can easily add the extra space you need—whether it’s an additional room, a second floor, or even expanding your garden. Apply through NoBroker to get a simple, hassle-free loan experience with attractive interest rates and flexible repayment options.
What is a Home Extension Loan?
A home extension loan is a secured loan that allows homeowners to finance the construction of additional space in their existing property. This could involve:
- Building an additional room, floor, or garage
- Expanding the kitchen, living room, or any other part of your home
- Adding a terrace or outdoor space
These loans come with flexible terms, competitive rates, and the ability to repay over a period that fits your budget.
Why Choose Sundaram Home Finance Home Extension Loan via NoBroker?
Sundaram Home Finance home extension loans offer flexibility loans to help you grow your living space while enjoying a smooth and efficient loan process. By applying through NoBroker, you benefit from additional convenience and transparency.
Key Features & Benefits
| Feature | Details |
| Loan Purpose | Construction, extension, or modification of an existing home |
| Loan Amount | Varies based on property value, loan eligibility, and renovation needs |
| Interest Rate | Competitive and flexible |
| Loan Tenure | Flexible repayment options tailored to your needs |
| Quick Processing | Fast processing with minimal documentation |
| In-House Legal and Technical Assistance | Expert support to streamline your loan application |
| Nationwide Presence | 120+ branches across India for easy access |
| Document Security | State-of-the-art infrastructure to ensure document safety |
Eligibility Criteria for Sundaram Home Extension Loan
To be eligible for a Sundaram Home Finance Home Extension Loan, you need to meet certain criteria based on your residency status, income, and property ownership. This includes:
For Resident Indians (Salaried or Self-employed)
- Age: 21–65 years
- Stable income with verifiable proof
- Ownership of the home to be extended
For NRIs / PIOs / OCIs
- Valid Indian passport (for NRIs)
- Valid PIO/OCI card (if applicable)
- Proof of overseas address and employment
Note: Co-applicants (like spouses or parents) can increase loan eligibility.
Documents Required for Sundaram Home Finance Home Extension Loan
The documentation for Sundaram Home Finance Home Extension Loan, is similar to that for home improvement loans, though there are additional property-related documents for the extension process.
KYC Documents (Proof of Identity and Address)
- PAN Card (mandatory for all applicants)
- Aadhar (masked), Passport, Driving License, Voter ID, or NREGA Job Card
- If current address not on OVD: Latest utility bill (not older than 2 months), property tax receipt, PPO, or employer allotment letter
- For NRIs/PIOs/OCIs: Passport and overseas address proof are mandatory
Income Documents
Salaried Individuals
| Document | Description |
| Salary Slips | Latest 3–6 months (depending on salary variability) |
| Form 16 | Wherever applicable |
| Bank Statements | Last 6 months (salary credit and EMI debit) |
NRI/OCI/PIO Salaried
| Document | Description |
| PIO/OCI Card | For foreign passport holders |
| Work Visa or Permit | Valid employment documentation |
| POA | Duly signed Power of Attorney (SHFL format) |
| Salary Documents | 3 months’ salary slips and 6 months’ salary credit bank statements |
| NRE/NRO Account Statements | Last 6 months |
| CDC | For merchant navy professionals |
Self-Employed Individuals
| Category | Required Proof |
| Business Registration | GST, MSME, Factory License, etc. (anyone) |
| Income Tax Returns | Past 2 years with the balance sheet, P&L, and tax computation |
| GST Returns | Latest 1 year (where applicable) |
| Bank Statements | 12 months’ primary business account and EMI account |
Additional for LLPs / Firms / Companies
- Partnership deed / MOA / AOA / Board Resolution
- Company/Firm PAN card
- Shareholding pattern (attested by CA)
- Beneficial ownership declaration
- Legal Entity Identification Number (LEI), if applicable
Property Documents
Property-related documents for the Sundaram Home Finance Home Extension Loan will be based on the current property type and nature of the extension.
| Type of Extension | Required Documents |
| Constructing on Own Plot | Ownership proof approved building plan |
| Flat Purchased from Builder | Allotment letter, builder agreement, etc. |
| Resale House or Flat | Sale deed, encumbrance certificate, tax receipts |
| Power of Attorney-based Renovation | Registered Power of Attorney document |
Why Apply for Sundaram Home Finance Home Extension Loan through NoBroker?
Here are some compelling reasons to apply for your Sundaram Home Finance Home Extension Loan through NoBroker:
Zero Brokerage
Say goodbye to hidden charges and broker commissions.
Expert Assistance
Benefit from personalized support throughout the process, ensuring a smooth experience.
100% Digital Process
No need to visit branches! Apply and track your loan entirely online.
Instant Eligibility Check
Check your loan eligibility and compare offers quickly to find the best deal.
How to Apply for Sundaram Home Finance Home Extension Loan via NoBroker?
Step-by-Step Process:
- Visit NoBroker’s Loan Section
- Select ‘Home Extension Loan’
- Fill in Your Basic Details (Property Type, Loan Amount, etc.)
- Get Instant Eligibility Check
- Upload the Required Documents
- Receive Loan Offer from Sundaram
- Fast Approval and Disbursal
Turnaround Time: Most Sundaram Home Finance Home Extension Loan applications are processed within 48–72 hours when applied via NoBroker.
Tax Benefits on Sundaram Home Finance Home Extension Loan
The interest paid on the Sundaram Home Finance Home Extension Loan qualifies for tax deductions under Section 24(b) of the Income Tax Act. You can claim a deduction of up to ₹30,000 on the interest paid if the loan is used for constructing a new floor or extending an existing home.
Final Thoughts
Sundaram Home Finance Home Extension Loans offer a great way to increase the space in your home to match your growing needs. With NoBroker’s assistance, you can experience a faster, smoother loan process without the hassle of traditional paperwork.
Extend your home and your possibilities—apply for Sundaram Home Finance Home Extension Loan through NoBroker today!
