Plot Loans
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Plot Loans

Our plot loan facility can be used for buying a piece of land, on which you can construct your dream home.

  • Features

  • Calculator

  • Documents

The maximum term of your plot loan can be up to 20 years and it cannot extend beyond your retirement age or 60* years (whichever is earlier).

*60 years for salaried individuals and 70 years for self-employed individuals.

You can get a plot loan up to 75% of the value of the plot.

Your plot loan amount depends on your annual income and ability to repay the loan. You can increase your plot loan amount by adding an earning co-applicant.

Calculate your eligibility now

Your home loan interest rate starts from 8.35%* p.a. Know more about fees and charges (*T&C Apply)

You can pay your home loan EMIs through:

  • Electronic Clearing Service (ECS)/ National Automated Clearing House(NACH)- based on standing instructions, given to your bank
  • Post Dated Cheques (PDCs) - Drawn on your salary/savings account. (Only for locations where ECS/NACH facility is not available.)
  • What is an EMI?

    EMI (Equated Monthly Installment) is the amount payable to the lending institution every month, till the loan is completely paid off. It comprises of the interest as well as the principal amount.

  • Who can be an applicant?

    To qualify for a home loan with DHFL, you must be:

    • An Indian resident or Non Resident Indian (NRI)
    • Above 21 years of age at the beginning of the loan
    • Below 65 years of age, when the loan matures
    • Either salaried or self-employed (businessman or professional)
  • What are the interest rates offered for home loans? What are daily reducing, monthly reducing and yearly reducing balance?

    Interest rates vary according to the market conditions and are dynamic in nature. The interest on home loans in India is usually calculated either on monthly reducing or yearly reducing balance. In some cases, daily reducing basis is also adopted.

    • Annual Reducing: The principal amount, for which you pay interest, reduces at the end of the year. Thus, you continue to pay interest on a certain portion of the principal which you have actually paid back to the lender. The EMI for the monthly reducing system is effectively less than the annual reducing system.
    • Monthly Reducing: The principal amount, for which you pay interest, reduces every month as you pay your EMI.
    • Daily Reducing: The principal, for which you pay interest, reduces from the day you pay your EMI. The installments that you pay in the daily reducing system is less than the monthly reducing system

    DHFL calculates EMI on monthly reducing basis only.

  • Are securities required for home loans?

    The property to be purchased itself becomes the security and is mortgaged to the lending institution till the entire loan is repaid. Sometimes additional security such as life insurance policies, FD receipts and share or savings certificates are required.

  • What are the tax benefits of home loans?

    Resident Indians are eligible for certain tax benefits on principal and interest components of a home loan. As per Income Tax Act 1961 rules, the current applicable exemption under section 24(b) is Rs. 2,00,000/- for the interest amount paid in the financial year and up to Rs. 1,50,000/- (under section 80 C) for the principal amount repaid in the same year.

    Click here to read more

  • Home Loan EMI Calculator

  • Home Loan Eligibility Calculator

Loan Amount
1 Lakh
5 Crore

I authorise DHFL and its representative to call me or SMS me with reference to this enquiry.

Loan Amount
1 Lakh
5 Crore
Calculate EMI
Hi ! Your Loan EMI will be

15,000

p.m.
Loan Amount
1 Lakh
5 Crore
Loan Tenure
1 Year
30 Years
Interest Rate
1%
15%
Apply Online What’s Your Eligibility
Hi Ankit ! EMI you need to pay is

15,000 p.m.

Loan Amount1,55,000
Loan Tenure20 years
Rate of Interest8.05 %
Monthly Income
10,000
10 Lakh

I authorise DHFL and its representative to call me or SMS me with reference to this enquiry.

Hi ! Your Monthly Income is
10,000
10 Lakh
Hi ! Your Loan Eligibility will be

15,000

EMI 12,000p.m.
Monthly Income
10,000
10 Lakh
Loan Tenure
1 Year
30 Years
Interest Rate
1%
15%
Apply Online
Hi ! You are eligible for loan amount of

25,000

EMI 12,000 p.m.
Monthly Income15,000
Loan Tenure 20 years
Rate of Interest 8.05 %

ID & Address proof (any one required)

  • Aadhaar card
  • PAN card (Mandatory, if income is considered for loan eligibility calculation)
  • Valid Passport
  • Voter ID card
  • Driving license
  • Aadhar Card

Driving license

  • Utility Bill: Electricity, Telephone, Postpaid mobile, water bill etc.
  • Ration card
  • Letter from employer
  • Bank statement /copy of Pass book reflecting address
  • Valid Rent Agreement
  • Sale Deed

*National Housing Bank (NHB) had introduced Know Your Customer (KYC) guidelines for housing finance companies. We request you to co-operate with us in complying with these guidelines. – The aforesaid sentence need to reframed with the help of concerned Dept. For eg instead of “Introduced” you can specify as NHB had set guidelines etc.

Salaried individuals

  • Salary slips for the last 2 months or salary certificate*
  • Cash Salary – Income details on Company Letterhead (Salary upto Rs.30, 000 p.m.)
  • Copy of bank statements for the past 3 months (salary account)

*If variable components like over time and incentives are reflected, then salary slips for the past 6 months are required.

Self-employed professional

  • Certificate of qualification for professionals : CA, Doctors or Architects
  • Copy of last two years’ income tax returns, along with computation of income
  • Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable.
  • VAT or Service Tax returns or TDS Certificate
  • Bank statement for the last 6 months (Savings account, current account and O/D account)

Self-employed Non Professionals

  • Copy of your last two years’ income tax returns, along with computation of income
  • Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable
  • VAT or Service Tax returns or TDS Certificate
  • Bank statement for the last 6 months (Savings account, current account or an O/D account)
  • Allotment letter from builder
  • Agreement of Sale
  • Registration and stamp duty receipt
  • Index- ii
  • NOC from builder
  • Own Contribution Receipt (OCR )
  • All builder linked documents (Applicable for cases which are not approved or previously not funded by DHFL)
  • Development Agreement
  • Tripartite Agreement
  • Partnership Deed
  • Sale Deed
  • Title Search Report
  • NA order

Note: Original documents are required for verification purpose only

Customer Stories

DHFL Plot Loans

 

Land isn’t just a mix of soil and nature, it marks a definite sense of ownership and pride. Owning a piece of land is a matter of great joy and achievement. What a piece of land gives you is a large sense of security, happiness and peace of mind. In a country like India, owning land is something many of us look forward to. Plot loans are designed keeping this faith in mind.

One of the core strengths of owning a piece of land is the fact that it can be used to construct your dream home on it. Land Loans in India are therefore an accepted, widely used facility, not just for building dream homes but also for commercial business plants/factories and more as long as the plot to be purchased is non-agricultural in nature.

At DHFL, we firmly believe that owning a plot and building a beautiful house on it, is an essential need for all of us. Keeping this in mind, DHFL offers its customers special land loans particularly to those who want to own a piece of land. These loans come at attractive interest rates and interested customers can find out more by visiting our page on loan for land, on our website.

With easy repayment options, hassle-free applications, quick paper work and step by step processing, DHFL plot loans are customer-friendly from day one. All you need to do is, to check your eligibility as to whether you can apply for a plot loan or not. So whether you’re salaried or self-employed, you can avail a loan for buying plot to purchase plot and go ahead and build your dream home on it.

While applying for a plot loan, it is noteworthy to know that having an earning co-applicant (s) gives you an added edge. Doing so will increase your chances of availing a higher loan amount since you can add your co-applicant (s) income along with yours as one compiled total.

Plot Loan in India is quite easy to apply for. Simply fill in the ‘plot loan enquiry form’ or visit any one of our branches near you and our representative will be glad to help you out.