If you have a plot of land in mind or your want to purchase a land on which you wish to build your dream home, DHFL can help you do just that, with a Plot Loan.
Purpose: Plot Loan / Land Loan
With this loan you can purchase a plot of Non Agricultural land situated within Municipal / Local Development Authority limits.
Plot Loan Eligibility Amount (Includes Stamp duty and Registration fees)
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.
- Get a higher Plot loan amount from DHFL by including an earning co-applicant.
- 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
- Saving habits, and more
To calculate your eligibility please use our Plot Loan Eligibility Calculator.
Work out your EMI using our Plot Loan EMI Calculator.
Maximum Tenure of Plot Loan / Land Loan:
You can avail Plot Loan / Land Loan with tenure up to 20 years. The term however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self employed individuals).
Interest Rate: On your Plot Loan / Land Loan
DHFL offers one of the most competitive rates in the market. The Interest rate applicable is based on the DHFL’s Retail Prime Lending Rate (RPLR) which fluctuates from time to time based on the money market conditions.To know more about our Interest rates, please fill in along side form and our DHFL team will get in touch with you soon.
Processing Fees: on your Plot Loan / Land LoanThis is charged as the fee towards processing your Plot loan application. In case of salaried individuals (SAL) it is 1% of the loan amount, whereas for Self – employed Professionals / Non Professionals (SEP / SENP) it is charged at 1.5% of the loan amount, plus Service Tax and Cess as applicable.
You have 2 options for repayment of the loan based on the EMIs payable:
a) Through ECS (Electronic Clearing Service) based on standing instructions to your bank
b) PDCs (Post Dated Cheques) drawn on your Savings/Salary account
Easy Documentation, Hassle free Plot loan Process.
For processing your Plot loan / land Loan application, we’re required to adhere to certain documentation procedures. We require the following documents
- KYC (Know Your Customer) documents
- Proof of Income documents and bank statements as per log-in checklist
- Plot / Land related documents.
To know more about our Plot Loan Process or How Plot Loans are done, click here DHFL Plot Loan Approval Process
Stamp Duty: on you Plot Loan
Stamp duty on the loan documents to be executed shall be paid by the Applicant.
to know more about your Stamp Duty on your Plot loan , Click here Stamp Duty Calculator