Apply for Plot Loan Online
Welcome to Finmarket where your dream of owning a plot becomes a reality. Our online plot loan application process is designed to provide you with a seamless and efficient experience, ensuring that you can secure the land you desire without unnecessary complications.
Features and Benefits of Plot Loan
- Maximum Loan Amount up to 20 crore*
- Instant Approval and Quicker Disbursement
- Higher Tenure and Hasslefree Documentation
- Balance Transfer and Top-Up Facility
- Online Approval Process
- Swift Approval with Low Monthly Installments
- Competitive Interest Rates
Plot Loan Eligibility
| Criteria | Salaried | Self-Employed |
|---|---|---|
| Age (Primary applicant) | 23 years to 55 years | 23 years to 65 years |
| Citizenship | Must be a citizen of India | Must be a citizen of India |
| Net Monthly Income | ₹25,000 | ₹50,000 |
| Maximum Loan Amount | ₹ 20 crores | ₹ 20 crores |
| Co-Applicant | You can add a co-applicant to boost your plot loan eligibility, even if they are not earning. |
* Note: The plot loan eligibility criteria vary among bankers.
What are the Documents Required for Plot Loan
| Document | Salaried | Self-Employed |
|---|---|---|
| KYC Documents | PAN/Aadhaar/Passport/Driving License | PAN/Aadhaar/Passport/Driving License |
| Address Proof | Passport/Utility bills | Passport/Utility bills |
| Income Proof | 3 months payslips (Latest) | Past two years audited financial statement |
| Bank Account Statement | Last 6 months' Bank statement of salary account | |
| Employment Proof | EMP ID Card/Official Email ID | NA |
| Income Proof | Form 16 | Form 16 |
| Original documents pertaining to ownership of the land | Original documents pertaining to ownership of the land | |
| EC Copy | Encumbrance Certificate for the plot | Encumbrance Certificate for the plot |
| Plan of the Entire Site | Layouts of the plot, approved by the Town Planning Authority. | Layouts of the plot, approved by the Town Planning Authority. |
| Property Tax Document | Tax Receipts | Tax Receipts |
| Link Documents | Link Documents | |
| Revenue Receipts | Revenue Receipts |
Note: documents may be required during loan processing.
* Note: Wherever the details regarding interest rates, processing fees and tenure are mentioned, they may differ as per the lenders' discretion. The actual eligibility will be determined based on the borrowers' risk profile during the loan application process.