Plot Loan/ Land Loan
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.
Features and Benefits of Plot Loan/ Land Loan
- Tenure & Term: The tenure of your loan ranges from 1 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).
- Purpose: Avail a Plot loan on purchase of Non Agricultural land situated within Municipal / Local Development Authority limit.
- Reduce your EMI : With tenure of 20 years, you can reduce the EMI amount on your Loan, so that your outgoings every month do not come in the way of your lifestyle and living standards
- Interest Rates: 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
- Processing Fees: This is charged as the fee towards processing your Plot loan application
Salaried individuals (SAL) / Self-Employed Professionals (SEP)
Self-Employed Non Professionals (SENP)
` 5000* to ` 20,000*
* Service Tax and Cess as applicable
- Easy Repayments: You have 2 options for repayment of the loan based on the EMIs payable on your Plot/Land Loan:
a. Through ECS (Electronic Clearing Service) based on standing instructions to your bankb.Post Dated Cheques(PDCs) drawn on your Savings/Salary account
- Applicant and Co-Applicant: Plot/Land Loans can be applied for individually. The loan amount can be further enhanced by including an earning co-applicant.
- Stamp Duty: Stamp duty on the loan documents to be executed shall be paid by the Applicant.
- Easy Documentation: To enable us to speedily process your home loan application, we will require the following:
a. KYC (Know Your Customer) documents
b. Proof of Income documents and bank statements as per log-in checklist
c. Property related documents
Eligibility for Plot Loan/Land Loan
- 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
Documentation Required For Plot Loan/ Land Loan
Click here for the list of documents required.
Plot Loan/ Land Loan: Services & Charges
Click here to view the Services and Charges
Click here to view the FAQs.