• Features:

YES there are few banks who are providing loan for plot purchase. To avail the plot loan, plot should be Non-Agricultural and situated within Municipal / Local Development Authority limit.You can get a Plot loan of up to 75% of the Direct Allotment Letter / Registered sale deed value + stamp duty + Registration Fee or 75% of market value, whichever is lower.

  • Eligibility:
    • The actual Plot loan amount is determined taking into various account factors such as:
    • Repayment capacity
    • Age of the Plot Loan applicant
    • Educational qualifications
    • Stability and continuity of income
    • Number of dependents
    • Co-applicant’s income
    • Assets
    • Saving habits, and more

 Interest Rate:  Interest Rate starting from 9% to 15%

  • Documents Required:

Salaried:

1.        Photo ID with Photograph – PAN, Passport/ Voter ID/ AADHAR/ Driving License

2.        Address Proof- Elec Bill/Tele Bill (within 2 months)/Bank Statement or Passbook with address

3.        Last 6 months Bank Statement

4.        Signed Application form with photograph

5.        Last 3 Months Salary Slip

6.        Form 16/ ITR for last 2 years.

7.        Identification of signatures from present bankers

8.       Copy of Allotment Letter / Buyer Agreement

9.       Title Deeds including the previous chain of the property documents in resale cases

Self Employed

1.        Photo ID with Photograph – PAN, Passport/ Voter ID/ AADHAR/ Driving License

2.        Address Proof- Elec Bill/Tele Bill (within 2 months)/Bank Statement or Passbook with address

3.        Last 6 months Bank Statement

4.        Signed Application form with photograph

5.        last 3 years ITR with computation of income

6.        Last 3 Years CA certified /Audited Balance Sheet & Profit and Loss Account

7.        Identification of signatures from present bankers

8.       Copy of Allotment Letter / Buyer Agreement

9.       Title Deeds including the previous chain of the property documents in resale cases

 

 

 

  • Repayment options:You have 2 options for repayment of the loan based on the EMIs payable on your Plot/Land Loan: {} Through ECS (Electronic Clearing Service) based on standing instructions to your bank. {b} Post Dated Cheques(PDCs) drawn on your Savings/Salary account
  • Tenure: Min 5Years to Maximum 20Years
  • Fees & Charges:Processing Fees/ CERSAI Registry / Modification Charges/ Stamp Duty/ Valuation Fees/Pre-Payment fees/ Legal Fees/ Administrative Fees.

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