Get a Land Loan @ 9.50% p.a and build your future.
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.
What is Plot Loan?
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 Installments (EMI) within a specific tenure prescribed by the Bank.
The Features & Benefits of Plot Loan are as follows:
- Plot loan with interest rates starting from 9.50% p.a. onwards.
- The comfortable repayment tenure is up to 30 years to suit your needs.
- Funding upto 90%* (Subject to eligibility).
- Low processing fees*.
- Topup facility and balance transfer are also available.
- Pre-payment charges are NIL.
- Expert advice.
- Interest concession for women borrowers.
*T&C Apply.
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.
What is Plot Loan?
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 Installments (EMI) within a specific tenure prescribed by the Bank.
The Features & Benefits of Plot Loan are as follows:
- Plot loan with interest rates starting from 9.50% p.a. onwards.
- The comfortable repayment tenure is up to 30 years to suit your needs.
- Funding upto 90%* (Subject to eligibility).
- Low processing fees*.
- Topup facility and balance transfer are also available.
- Pre-payment charges are NIL.
- Expert advice.
- Interest concession for women borrowers.
*T&C Apply.
Eligibility Criteria for Land Loan
| Age | The applicant age must be above 21 years. |
| Nationality | Indian. |
| 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 9.50%* p.a onwards. |
| Processing Fees | It varies from bank to bank. The processing fee will be between 0.25% to 1%. |
Documents Required for Land Loan Online
- Duly filled Application Form with Applicant’s photograph.
- Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority).
- Proof of Residence: (AAdhar, Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority).
- Utility Bill: Electricity, Telephone, Postpaid mobile, water bill etc.
- Latest Salary-slips for 3 months Form 16 for last 2 years for salaried individuals, Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant for self-employed professionals.
- Last 6 months Bank Statements for Salaried.
- Last 12 months Bank Account Statements for self-employed professionals.
- Cheque for loan processing fee.
- Copy of Title Documents of the Property, Approved Plan.
- Copy of complete link documents of the property.
- Original documents pertaining to ownership of the land.
- Layouts / drawings of the plot, duly approved by the Town Planning Authority.
- ‘No Encumbrance’ Certificate for the plot.
- Sale Deed.
Interest Rates for Plot Loan
| Banks/Lender Name | Interest rates |
|---|---|
| HDFC Bank | 9.75% p.a onwards |
| ICICI Bank | 9.75% p.a onwards |
| AXIS Bank | 9.75% p.a onwards |
| Bank Of Baroda | 9.75% p.a onwards |
| PNB | 9.95% p.a onwards |
| SBI Bank | 9.55% p.a onwards |
| Standard Chartered Bank | 9.75% p.a onwards |
| Bajaj Finserv | 9.75% p.a onwards |
| Kotak Mahindra Bank | 9.95% p.a onwards |
| SMFG India Credit (Fullerton) | 9.75% p.a onwards |
★The annual interest rates and processing fee are subject to change as per the customers' profile and lenders policy.
Advantages of Plot Loan
- Lowest interest rate offers from top banks to make your plot loan more affordable.
- Flexible payment options to suit your needs.
- No hidden charges.
- Talk to our loan experts regarding your plot loan requirement and technical and legal advice.
Apply for Plot Loan Online & Get Instant Approval
- Minimum Documentation: Enjoy the hassle-free experience with minimal documentation, doorstep document pick up at your desired location and no bank visits.
- Low Processing Fees: Check processing fee if any ahead of time and there will be no other hidden charges.
- Complete Secure Process: The information provided will be highly secured and used only for pulling credit reports. We use safe & secure links to protect your sensitive information.
- Apply for instant approval of plot loan and enjoy significantly speeds up in the application process.
How it Works
Check Eligibility
Submit your details and check your plot Loan eligibility.
Choose a Plot Loan Type
Pick the best plot Loan which suits your needs and lifestyle.
Get Approved Instantly
Apply and get your plot Loan in no time.