Real Estate Finance

ICICI HFC offers milestone-based disbursals, inventory funding, and top-up options to support ongoing builder construction. Each project is assigned a dedicated relationship manager to ensure timely approvals and smooth coordination across all stages of the building loan process.

Before approving a home builder loan, ICICI HFC carries out a detailed appraisal that includes a technical review of the project, legal due diligence, market feasibility studies, and an evaluation of the builder’s financial strength. This ensures that only viable and compliant projects receive funding.

Builder finance is project-based and disbursed in stages depending on construction progress, while individual home loans are provided for a single property with fixed disbursement and repayment schedules. Builder construction loans are designed to meet the unique funding needs of larger projects handled by home builders and developers.

In a construction-linked disbursal, each stage of the project triggers a portion of the funding. Disbursement happens only after site inspection and progress verification by the technical team, ensuring that the building loan aligns with actual project advancement.

Project progress is tracked through regular technical site visits, detailed progress reports, and evaluations using the Property Appraisal System (PAS). This process ensures that funds are released responsibly and that the construction remains on schedule.

ICICI HFC ensures timely builder finance disbursals through dedicated credit and operations teams, milestone-based approvals, and digital document tracking. This streamlined system helps home builders and contractors avoid delays in construction timelines.

Repayment for building loans is generally aligned with the project’s cash flows. Depending on the nature of the project, repayment can be structured through EMIs or bullet payments linked to milestone completions. This flexibility makes builder finance a practical choice for home builders and contractors managing multiple phases of construction.

Applicants must provide KYC documents, financial statements, project approvals, technical drawings, and relevant legal documents. These requirements apply to all home builders and contractors seeking project-based building loans.

Verification includes checking ITRs, audited financial statements, GST returns, and bank statements to assess the builder’s credibility and repayment capacity before approving the home builder loan.

Legal checks include verifying the property title and checking for any encumbrances. Technical checks involve site inspections, reviewing approved plans, and project valuation through the Property Appraisal System (PAS). These assessments ensure that builder finance is extended only to compliant and secure projects.

Builders can apply for funding even before launch by submitting pre-launch approvals, project plans, and preliminary documentation. After completing due diligence, ICICI HFC sanctions the loan, enabling builders and contractors to begin early-stage construction confidently.