Plot Loan in Lucknow
Plot Loan - FinMarket Offers loan for the purchase of residential plot
Lucknow is known as the "City of Nawabs" and is famous for its rich culture and heritage. The city was founded in the 17th century by the Nawabs of Awadh and was once a major centre of power and commerce.
Lucknow is home to many historical and cultural landmarks, including the Bara Imambara, the Chota Imambara, and the Rumi Darwaza. The city is also known for its delicious food, especially its biryani and kebabs.
Are you looking for a plot loan in Lucknow? Are you struggling to secure a plot loan for your dream home due to business nature or income-proof challenges?
FinMarket offers land loans ranging amounts from ₹10 lakhs to ₹20 Crore, making homeownership a reality with attractive rates, affordable EMIs, and extended repayment terms for land purchase and construction.
Features and Benefits of Plot Loan in Lucknow
- Maximum Loan Amount 20 crores*
- 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 Interest Rates in Lucknow
| Banks/NBFC Names* | Interest Rate Range | Processing Fees | Loan Amount | Tenure | Enquire Now |
|---|---|---|---|---|---|
| HDFC Plot Loan | 9.75% to 15% | 1 to 1.5% | Up to 20 Crore | 10 to 15 Years | Apply Now |
| AXIS Plot Loan | 9.75% to 15% | 1 to 1.5% | Up to 20 Crore | 10 to 15 Years | Apply Now |
| ICICI Plot Loan | 9.75% to 15% | 1 to 1.5% | Up to 20 Crore | 10 to 15 Years | Apply Now |
| Kotak Plot Loan | 9.95% to 15% | 1 to 1.5% | Up to 20 Crore | 10 to 15 Years | Apply Now |
| Bajaj Finserv Plot Loan | 9.75% to 18% | 1 to 1.5% | Up to 5 Crore | 10 to 15 Years | Apply Now |
| SBI Plot Loan | 9.55% to 15% | 1 to 1.5% | Up to 5 Crore | 10 to 15 Years | Apply Now |
| IDFC Plot Loan | 10.25% to 15% | 1 to 1.5% | Up to 5 Crore | 1 to 5 Years | Apply Now |
| Tata Capital Plot Loan | 10.25% to 15% | 1 to 1.5% | Up to 5 Crore | 1 to 5 Years | Apply Now |
| PNB Plot Loan | 9.95% to 15% | 1 to 1.5% | Up to 10 Crore | 10 to 15 Years | Apply Now |
| Aditya Birla Plot Loan | 10.25% to 15% | 1 to 1.5% | Up to 5 Crore | 1 to 5 Years | Apply Now |
Note: *The annual interest rate and processing fee will vary depending on the customer's risk profile and the tenure chosen.
Plot Loan in Lucknow EMI Calculator
In a matter of seconds, a plot loan eligibility calculator can be used to determine eligibility.
Plot Loan Eligibility in Lucknow
| Criteria | Salaried | Self-Employed |
|---|---|---|
| Age (Primary applicant) | 23 years to 60 years | 23 years to 60 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 | To boost your plot loan eligibility, you can add a co-applicant, even if they are not earning. |
Note: The eligibility criteria for plot loans varies from one bank to another.
What are the Documents Required for Plot Loan in Lucknow?
The following documents are required when applying for a 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 | 1-year bank statement of current/savings accounts |
| 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: Additional documents may be required during loan processing.
Types of Plot Loans in Lucknow
Plot Loan
A plot loan lets you purchase vacant residential land to build a house. Each bank has its specific fees and eligibility criteria for offering such loans.
Plot + Construction Loan
This loan is utilized for building a house on the purchased land, and it provides tax benefits to the borrower once the construction is completed.
Interest Rates for Plot Loan in Lucknow 2025
The interest rate plays a significant role in choosing the right plot loan. Therefore, it's crucial to compare interest rates from various lenders/Banks.
| Lucknow Plot Loan Details | |
|---|---|
| Interest Rate | 9.50 % p.a onwards |
| Processing | Up to 1.50% of the loan amount |
| Loan tenure | 15 Years or above |
Note: The above mentioned interest rates are determined by Financial institutions and the rates may vary.
* 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.
Plot Loan Lucknow FAQs
What is a Plot Loan?
A land loan, often referred to as a plot loan, is a financial product offered by banks to individuals seeking to own a piece of land.
What is the tenure of a plot loan?
Loan tenure ranges from 10 to 15 years.
How much processing fee is applicable on Plot Loan?
The processing fee for a Plot loan is a minimum of 1.5%.
Do I get income tax benefits on a land loan?
There is no income tax benefit for Land Loans. However, income tax benefits are available in the case of Land + Construction.
What is the rate of interest and other charges?
Interest rates and other charges depend on the profile, eligibility and lender requirements. To know more refer to this plot loan eligibility.