Land Purchase
Plot Loan
Buy the perfect piece of land now and build your home later. Loans available for purchasing residential plots from statutory authorities or developers.
Purchase & ConstructLoans up to 75% LTV15 Year Tenure
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Loan Details
Plot Purchase Loan Calculator
Calculate your EMI and total interest for a plot purchase loan with flexible repayment options.
Instant Approval
No Hidden Charges
100% Digital Process
Representative Example:
Borrow ₹2,00,000 over 12 months at 25.8% APR. Total repayment: ₹2,29,038.83 with monthly EMIs of ₹19,086.57.
EMI Calculator
₹2,00,000
12
25.8%
Monthly EMI
₹19,086.57
Total Interest
₹29,038.83
Why Opt for a Plot Loan?
Funding specifically for purchasing land for residential use:
- Buying a plot from a development authority (e.g., DDA, MHADA)
- Purchasing a resale plot in a gated community
- Investment for future home construction
- Buying land directly from a builder/developer
Eligibility Criteria
Banks are stricter with land funding:
- Resident Type: Resident Indians (Some banks restrict NRIs)
- Income: Minimum Rs. 25,000/month
- Credit Score: 720+ usually required
- Location: Must be within municipal/corporation limits
Documents Required
Legal verification is the most critical step:
- Layout approval documents from local body
- Encumbrance Certificate (EC) for last 15-30 years
- Sale Agreement
- 7/12 extract or Patta/Chitta documents
Key Features
Differs slightly from standard home loans:
- LTV Ratio: Max 70-75% of plot value (lower than home loans)
- No Tax Benefits: Unless construction starts on the plot
- Construction Clause: Some banks require construction to begin within 3-5 years
- Tenure: Usually capped at 15-20 years
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