Plot Purchase Loan
When we purchase a plot, we can build a space that is uniquely ours. Plot Loans help us purchase a land for our home so that we can start converting our dream home into reality. Plot loan can be acquired for purchase of a plot through direct allotment and also for purchase of a resale plot. This loan can also be used for transferring your outstanding loan availed from another Bank / Financial Institution.
Types of Plot Purchase Loan
These loans are offered to those borrowers who are looking for the purchase of either a house or a flat.
Home Construction Loans are specially meant for the construction of a new home. Here If, the plot on which construction is being carried out is purchased within a period of one year, then the cost of the plot is also included as the component for the valuation of total cost of the property. But in case the date of purchase exceeds one year to the date of application then the cost of plot is not included as the component for the valuation of total cost of the property.
Key Features & Benefits of Plot Purchase Loan
- Rate of interest starts from 6.99% onwards for Plot Loan.
- We help you acquire loans with less documentation.
- Loans can be acquired in 7 working days.
- We offer you doorstep services for your convenience.
- Customers can choose a bank of their choice to avail the loan.
- There are no hidden charges.
- We give our services very quickly.
- All types of after-sales services are also available, such as Take over, Top-up and Balance transfer, etc.
Frequently Asked Questions
Yes, subject to terms and conditions, you may have the option to switch between fixed and floating interest rates.
Maintaining a good credit score, stable income, and providing accurate documentation can enhance your chances of loan approval.
PMAY (Pradhan Mantri Awas Yojana) is a government scheme offering financial assistance for homebuyers. Eligible applicants can benefit from subsidies.
Yes, you can get pre-approved for a home loan, which helps in the home-buying process.
The required Proof of Income documents may vary, but providing comprehensive documentation strengthens your loan application.