What is construction loan?



New Member
People take a construction loan to get their house built on a plot to their preferred location. We call such loans a construction loan.

In a construction loan, the money is distributed in parts and the money is released based on the stages of construction.

People can get up to 90% of the total value of the property as a loan to construct their home.

Your credit score should be good before applying for a construction loan from that, your score will help you to get a loan at good interest rates.

Get More info: