Welcome To
Vinoth Construction

Builders &
Flat Promoters
ISO 9001:2008 certified

Welcome to Vinoth Construction

A home we built 50 years ago is not the same now. New needs give birth to new ideas. When we try to fulfill our new ideas we are forced to invent new technology. When the new technology emerges we have to employ machinery that can handle the new technology and we have to also train the manpower to cope up with such new developments. All this is being done to give a satisfactory result in every home project a construction firm undertakes to do.

Here is a concern where you will find a work style that has sailed with time. Vinoth Construction, is now a name that you can’t help hearing when you start enquiring about a good construction firm. Excellence is the synonym of Vinoth Construction.

Our Stats

16 +

Years Experiance

100 %

Elegant Planing

100 %

Vasthu

302 +

Happy Clients

100 %

Quality

100 %

Customer Satisfaction

Why Choose Us

On time Delivery

Customization Satisfaction

High Quality

Affordable Price

Completed Projects

Queens Gate

Sai samudra

Sai Landmark

About Us

Our experience in the construction field translated into expertise that could be cleverly utilized in all our projects with the result, our customers are gifted with a home that is matchless in all respects.

When we take up a project we take into account every wish of the customers and try to accommodate all their wishes within the budget they propose.

Our well trained workforce and our sophisticated machinery jointly give a perfect finish at every stage of the construction. Because of the quality of service we offer, our firm’s name is firmly engraved in the minds of our clients who, in turn, recommend our name to other home aspirants.

We work with the motto that our every project must be paradigm of perfection in building construction and should satisfy the occupants for generations.

'World Standard' is not just a phrase, but a way of performance in every project we undertake.

FAQ

1. How will your bank decide your home loan eligibility?

Your bank will assess your repayment capacity while deciding the home loan eligibility. Repayment capacity is based on your monthly disposable / surplus income, (which in turn is based on factors such as total monthly income / surplus less monthly expenses) and other factors like spouse's income, assets, liabilities, stability of income etc. The main concern of the bank is to make sure that you comfortably repay the loan on time and ensure end use. The higher the monthly disposable income, higher will be the amount you will be eligible for loan. Typically a bank assumes that about 55-60 % of your monthly disposable / surplus income is available for repayment of loan. However, some banks calculate the income available for EMI payments based on an individual’s gross income and not on his disposable income.

The amount of the loan depends on the tenure of the loan and the rate of interest also as these variables determine your monthly outgo / outflow which in turn depends on your disposable income. Banks generally fix an upper age limit for home loan applicants.

2. What are the documents required for Home Loan?

Generally the documents required to processing your home loan application are almost similar across all the banks; however they may differ with various banks depending upon specific requirement etc. Following documents are required by financial institutions to process the loan application :

Age Proof
Address Proof
Income Proof of the applicant & co-applicant
Last 6 months bank A/C statement
Passport size photograph of the applicant & co-applicant

In case of Salaried

Employment certificate from the employer
Copies of pay slips for last few months and TDS certificate
Latest Form 16 issued by employer Bank statements

In case of Self-employed

Copy of audited financial statements for the last 2 years
Copy of partnership deed if it is a partnership firm or copy of memorandum of association and articles of association if it is a company
Profit and loss account for the last few years
Income tax assessment order

You also need to submit the completed application form along with your photograph. Loan applications form would give a checklist of documents to be attached with the application.

3. How much time does it take to get an application processed and the loan getting sanctioned?

It takes around fifteen days for processing of one's application if the documents are in order. It takes another week for the company to check out the property papers and make the disbursement.

4. Who can be a Co-Applicant?

Co-Applicants are the Co-Owners of the property in respect of whom the financial assistance has been sought. Usually joint applications are from: husband-wife, father-son or mother-son.

5. What is an EMI?

You repay the loan in Equated Monthly Installments (EMIs) comprising both principal and interest. Repayment by way of EMI starts from the month following the month in which you take full disbursement.

6. What is pre-EMI interest?

Sometimes loan is disbursed in installments, depending on the stages of completion of the housing project. Pending final disbursement, you may be required to pay interest only on the portion of the loan disbursed. This interest called pre-EMI interest. Pre-EMI interest is payable every month from the date of each disbursement up to the date of commencement of EMI.

However, many banks offer a special facility whereby customers can choose the installments they wish to pay for under construction properties till the time the property is ready for possession. Anything paid over and above the interest by the customer goes towards Principal repayment. The customer benefits by starting EMI payment earlier and hence repays the loan faster. Please check with your banker whether this facility is available before availing of the loan

7. What are the repayment period options?

Repayment period options range generally from 5 to 20 years.. As a non-resident, you can avail of a loan only for a maximum period of 7 years.

Welcome To
Vinoth Construction

Builders &
Flat Promoters
ISO 9001:2008 certified

Welcome to Vinoth Construction

Our Stats