Plot Loans - Get a plot loan for buying residential land. Interest rate as low as 8.25%* p.a onwards.
Plot Loans help you to buy the residential plot of your choice and also facilitate to construct home in future. Our Plot Loans come with quick disbursal, flexible repayment tenure, attractive interest rates and low processing fees.
A Plot loan or Land loan as the name suggests is a loan provided by the Banks designed to facilitate the purchase of a residential or commercial plot of land to borrowers. The repayment is done in Equated Monthly Instalments (EMI) within a specific tenure prescribed by the Bank.
|Age||The applicant age must be above 21 years.|
|Loan Amount||Customers can get upto 90% of the property value or on the net monthly income.|
|Tenure||Upto 30 years.|
|Interest Rate||Plot loan interest starts from as low as 8.25%* p.a onwards.|
|Processing Fees||It varies from bank to bank. The processing fee will be between 0.25% to 1%.|
|Banks/Lender Name||Interest rates|
|Bank of Baroda||8.25%|
|Kotak Mahindra Bank||8.30%|
|Standard Chartered Bank||8.40%|
★The annual interest rates and processing fee are subject to change as per the customers' profile and lenders policy.
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