Aditya Birla Bank plot loan

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Turn your dream home into reality

Rates as low as 6.90%*
Loans Up to 15 Crore
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Hassle-free Disbursal
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Aditya Birla Bank plot loan features

Aditya Birla Home Loan 2020

Interest Rate

9.00% onwards

Loan-to-Value Ratio

Up to 90% of property value

Loan Tenure

Up to 30 years

Processing Charges

Up to 1% of loan amount + GST

 

Eligibility Criteria for the Aditya Birla Bank plot loan

Borrower Profile

Indian Residents/NRIs/PIOs

Employment Type

Salaried/Self Employed

Age

21 to 70 years

Credit Score

Preferably 750 and above

Income

Varies from case to case

 Aditya Birla Bank plot Loan Benefits

Aditya Birla Bank plot loan

  • Striking rates of interest from 9.00%
  • 30 years long tenure
  • Numerous plot loan schemes to suit applicants loan requirements
  • A few credit repayments alternatives to suit candidates who need
  • Bother free document procedure

Plot Loan

Aditya Birla Bank offers plot loans to both salaried and self-employed people with an Indian nationality,

  1. Tenure

For the Aditya Birla Bank plot loan, the period is 30 years.

  1. Prepayment Fine

A prepayment fee is a nil

  1. Loan to Value Ratio (LTV)

LTF is 90%.

  1. Tax Benefits

There are no tax benefits in Aditya Birla Bank plot loan.

Aditya Birla Bank plot loan with Construction vs Home Loan

Parameters

Plot Loan with Construction

Regular Home Loan

Tenure

Up to 15 years

Up to 30 years

Prepayment fine

Free

Free

Loan to Value (LTV)

up to 10.24%

up to 90%

Plot with Construction Loan interest rates

The rates are similar to a home loan but can go higher.

Start at 6.80%*

Tax Benefits

Eligible after the construction of a building or home on the plot

Home loan owners are eligible.

Aditya Birla Bank plot loan for self-employed individuals

Salient Features

  • Self-employed individuals can apply for this loan.
  • Buy a plot that’s already on sale.
  • Purchasing a plot through an immediate offer in a covering society or a maker conspire
  • Move his/her uncertain loaning sum profited from another financial association
  • Changed repayment decisions offered to the indebted person at risk on the advance sum, credit tenure, and pace of revenue gave by the bank.
  • Striking paces of interest reachable on the plot advances to make it sensible for the competitors.
  • No concealed expenses are charged on the loan.

Who can apply for an Aditya Birla Bank plot loan self-employed?

Persons can apply for this lend on their personal or together. Individuals for the plot credits should be the arranged owners of the plot. Co-candidates generally incorporate family individuals and need not be co-proprietors of the stuff.

Loan term

  • The maximum tenure is 15 years.
  • The advance term relies upon the repayment framework the applicant has decided for.
  • The customer’s blueprint, age of the plot at the time of loan prime of life, age of the customer at the time of advance development additionally assume a job in deciding the credit term.

Maximum loan amount

Loan Amount

Maximum Funding

Up to Rs.30 lakh

80% of the property price*

Rs.30.01 lakh to Rs.75 lakh

80% of the property price*

Over Rs.75 lakh

75% of the property price*

Type of Aditya Birla Bank plot loan loans self-employed:

Tru Fixed Home Loan – 2/3 Year Fixed Rate Variant

Under the Tru Fixed Home Loan, the candidate can benefit from a secure rate of up to 2/3 years, totaling up to an entire 15-year loan period.

Adjustable-Rate Loan

The rate of interest on the loan goes for a revision in every three months. An expansion in the pace of interest will bring about an upsurge to the EMI’s advantage part which thus will diminish the essential segment.

Aditya Birla Bank plot loan Interest Rates For self-employed professionals

Adjustable Home Rate Loan

The Retail Prime Lending Rate for self-employed professionals stands at 16.20%

Loan Slab

Home Loan Interest Rates (% p.a)

For women* (up to 30 lakh)

7.05 to 7.55

For others* (up to 30 lakh)

7.10 to 7.60

For women* (above 30 lakh)

7.30 to 7.80

For others* (above 30 lakh)

7.35 to 7.85

For Women* (75.01 Lakhs & Above)

7.40 to 7.90

For Others*(75.01 Lakhs & Above)

7.45 to 7.95

The interest rates are applicable only for loans under the Adjustable-Rate Home Loan Scheme of Aditya Birla and can be revised at the time of disbursement.

Tru Fixed Loan – 2 Year Fixed Rate Variant

The Retail Prime Lending Rate (RPLR) stands at 16.20%

Loan Slab

Home Loan Interest Rates (% p.a)

For women* (up to 30 lakh)

7.05 to 7.55

For others* (up to 30 lakh)

7.10 to 7.60

For women* (above 30 lakh)

7.30 to 7.80

For others* (above 30 lakh)

7.35 to 7.85

For Women* (75.01 Lakhs & Above)

7.40 to 7.90

For Others*(75.01 Lakhs & Above)

7.45 to 7.95

Aditya Birla Bank plot loan interest rates for self-employed non-professionals

Adjustable-Rate Home Loan

The Retail Prime Lending Rate (RPLR) stands at 16.20%

Loan Slab

Home Loan Interest Rates (% p.a)

For women* (up to 30 lakh)

7.05 to 7.55

For others* (up to 30 lakh)

7.10 to 7.60

For women* (above 30 lakh)

7.30 to 7.80

For others* (above 30 lakh)

7.35 to 7.85

For Women* (75.01 Lakhs & Above)

7.40 to 7.90

For Others*(75.01 Lakhs & Above)

7.45 to 7.95

TruFixed Loan – 2 Year Fixed Rate Variant

The Retail Prime Lending Rate for self-employed non-professionals holds at 16.20%

Loan Slab

Home Loan Interest Rates (% p.a)

For women* (up to 30 lakh)

7.05 to 7.55

For others* (up to 30 lakh)

7.10 to 7.60

For women* (above 30 lakh)

7.30 to 7.80

For others* (above 30 lakh)

7.35 to 7.85

For Women* (75.01 Lakhs & Above)

7.40 to 7.90

For Others*(75.01 Lakhs & Above)

7.45 to 7.95

Aditya Birla Bank plot loan documents required for self-employed

Here are the documents you will have to submit for all the applicants and co-applicants along with the signed application form for the approval of your loan:

Purpose Documents
Proof of identity and residence (Any 1) 1.      Voter ID Card
2.      Valid Driving License
3.      Aadhaar Card
4.      Valid Passport
Proof of income 1.      Income Tax Returns (ITR) along with computation of income for the previous three assessment years.
2.      Savings account statements of the individual and current account statements of the business entity for the last six months
3.      Balance sheet and Profit and Loss account statements with schedules/annexures
(Documents of both the individual and the business entity should be attested by a CA for points 2 and 3)
Other documents 1.      Business profile
2.      Latest Form 26AS
3.      List of directors and shareholders with their shareholding certified by a CS/CA in case of the business entity being a company
4.      Memorandum and Articles of Association of the company
5.      Partnership deed if the business entity is a partnership firm
6.      Details of outgoing loans of the individual and the business entity with the outstanding amount, installments, security, purpose, balance loan term, etc.
7.      Cheque for processing fee favoring HDFC Ltd.
8.      Passport size photograph of the applicants/co-applicants on the application form and signed across
9.      Own contribution proof
Property related documents 1.      Allotment letter/ buyer agreement copy
2.      Title deeds in case of a resale with previous property documents


Aditya Birla Bank plot loan charges for self-employed

Processing fees:

Out of whichever is higher between Rs.3,000 and 0.50% of the loan amount and other extra appropriate dues for self-employed professionals

Out of whichever is higher between Rs.4,500 or up to 1.50% of the loan amount and other extra appropriate dues for self-employed non-professionals.

  • Prepayment charges:

Adjustable-Rate Home Loans (ARHL) Adjustable-Rate Loans (ARHL):
·        No prepayment charges will be payable on account of full/part payments for loans sanctioned to individual borrowers.
·        For loans sanctioned to individual borrowers with the firm, company, etc. as a co-applicant. Prepayment charges at 2% plus taxes, as may be applicable from time to time, of the amount being prepaid, are payable.
·        The customer will have to submit documents that Aditya Birla Bank deems fit and proper to confirm the source of funds at the time of prepayment of the loan.
Fixed-Rate Home Loans (FRHL) Fixed-Rate Loans (FRHL)
·        No prepayment charges will be applicable for part/full payments made from own sources i.e., sources other than a bank/NBFC/HFC or financial institutions
·        The customer should submit documents that Aditya Birla Bank sees fit and proper to determine the source of funds.
·        Prepayment charges will be 2% plus taxes and statutory levies and charges of the outstanding amounts being so prepaid through any financial institution or any bank and will be applied to all full/ partial prepayments.
Fixed and Variable Rate Loans (Combination rate) Fixed and Variable Rate Loans (Combination rate)
·        During the Fixed Rate period:
·        The prepayment charges will be 2%, plus applicable taxes and statutory charges and levies of the outstanding amount being so prepaid through refinance from financial institutions or any banks, and will apply to all partial/full prepayments.
·        The customer must submit documents that Aditya Birla bank approves to confirm the source of funds at the time of prepayment of the loan.
·        During the Variable Rate period:
·        No prepayment charges will be applicable on account of full/partial prepayments for loan sanctioned to individual borrowers.
·        For loans sanctioned to individual borrowers with the firm, company, etc. as co-applicants. Prepayment charges at 2% plus taxes and statutory charges, as may be applicable from time to time, of the amount being prepaid are payable.
The prepayment charges mentioned will apply to the date of execution of the loan agreement. However, the charges are subject to change from time to time depending on the prevailing policies of the Aditya Birla bank plot loan. 
  • Conversion fees

    Name of the service/product

    Name of the charge/fee levied

    When payable

    Frequency

    Switch to a lower rate in Variable Rate Loans (Housing/improvement/extension)

    Conversion fees

    On conversion

    On every spread change

    Switching to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension)

    Conversion fees

    On conversion

    Once

    Switching from Tru fixed Fixed Rate to Variable Rate Loan

    Conversion fees

    On conversion

    Once

    Switch to Lower Rate (Non-Housing Loans)

    Conversion fees

    On conversion

    On every spread change

    Switch to Lower Rate (Non-Housing Loans)

    Conversion fees

    On conversion

    On every spread change

  • Cheque dishonor charges 

Rs.200

  • Fees on account of external opinion

The external evaluation can be either from specific valuers or advocates and the costs can be paid clearly to the concerned individual depending upon such assistance conveyed.

  • Property insurance:

The customer should regularly pay the brilliant entireties direct to the security provider to keep the course of action dynamic during the credit residency.

  • Incidental charges:

Inadvertent charges and expenses are compelled to cover the charges, costs, and various costs that may have been utilized to recover demand from a defaulting customer.

  • Statutory/managerial charges

The customer will be solely subject to all charges important on stamp commitment/MOD/MOE/Central Registry of Securitization Asset Reconstruction and Security Interest of India

  • List of documents 

Up to Rs.500

  • Photocopy of documents 

Up to Rs.500

  • Increase/decrease in the loan term

Up to Rs.500 plus applicable loan term

  • Disbursement cheque cancellation charge post disbursement

Up to Rs.200

  • PDC swap

Up to Rs.200

Aditya Birla Bank plot loan for salaried individuals

Salient Features

  • Self-employed individuals can apply for this loan.
  • Buy a plot that’s already on sale.
  • Purchasing a plot through an immediate offer in a covering society or a maker conspire
  • Move his/her uncertain loaning sum profited from another financial association
  • Changed repayment decisions offered to the indebted person at risk on the advance sum, credit tenure, and pace of revenue gave by the bank.
  • Striking paces of interest reachable on the plot advances to make it sensible for the competitors.
  • No concealed expenses are charged on the loan.

Who can apply Aditya Birla Bank plot loan for salaried individuals?

Persons can apply for this lend on their personal or together. Individuals for the plot credits should be the arranged owners of the plot. Co-candidates generally incorporate family individuals and need not be co-proprietors of the stuff.

Loan term

  • The maximum tenure is 15 years.
  • The advance term relies upon the repayment framework the applicant has decided for.
  • The customer’s blueprint, age of the plot at the time of loan prime of life, age of the customer at the time of advance development additionally assume a job in deciding the credit term.

Maximum loan amount

Loan Amount

Maximum Funding

Up to Rs.30 lakh

80% of the property price*

Rs.30.01 lakh to Rs.75 lakh

80% of the property price*

Over Rs.75 lakh

75% of the property price*

Type of Aditya Birla Bank plot loan for salaried individuals:

TruFixed Home Loan – 2/3 Year Fixed Rate Variant

Under the Tru Fixed Home Loan, the candidate can benefit from a secure rate of up to 2/3 years, totaling up to the entire 15-year loan period.

Adjustable-Rate Loan

The rate of interest on the loan goes for a revision every three months. An increase in the rate of interest will result in an upsurge in the EMI’s interest component which in turn will reduce the principal component. 

Aditya Birla Bank plot loan interest rates for salaried individuals

Adjustable Home Rate Loan

The Retail Prime Lending Rate for salaried individuals positions at 16.20%

Loan Slab

Home Loan Interest Rates (% p.a)

For women* (up to 30 lakh)

7.05 to 7.55

For others* (up to 30 lakh)

7.10 to 7.60

For women* (above 30 lakh)

7.30 to 7.80

For others* (above 30 lakh)

7.35 to 7.85

For Women* (75.01 Lakhs & Above)

7.40 to 7.90

For Others*(75.01 Lakhs & Above)

7.45 to 7.95

The interest rates are applicable only for loans under the Adjustable-Rate Home Loan Scheme of Aditya Birla Bank and can be revised at the time of disbursement.

TruFixed Loan – 2 Year Fixed Rate Variant

The Retail Prime Lending Rate (RPLR) positions at 16.20%

Loan Slab

Home Loan Interest Rates (% p.a)

For women* (up to 30 lakh)

7.05 to 7.55

For others* (up to 30 lakh)

7.10 to 7.60

For women* (above 30 lakh)

7.30 to 7.80

For others* (above 30 lakh)

7.35 to 7.85

For Women* (75.01 Lakhs & Above)

7.40 to 7.90

For Others*(75.01 Lakhs & Above)

7.45 to 7.95

Aditya Birla Bank plot loan documents required for salaried individuals

Purpose Documents
Proof of identity and residence (Any 1) 1.      Voter ID Card
2.      Valid Driving License
3.      Aadhaar Card
4.      Valid Passport
Proof of income 1.      Income Tax Returns (ITR) along with computation of income for the previous three assessment years.
2.      Savings account statements of the individual and current account statements of the business entity for the last six months
3.      Balance sheet and Profit and Loss account statements with schedules/annexures
(Documents of both the individual and the business entity should be attested by a CA for points 2 and 3)
Other documents 1.      Business profile
2.      Latest Form 26AS
3.      List of directors and shareholders with their shareholding certified by a CS/CA in case of the business entity being a company
4.      Memorandum and Articles of Association of the company
5.      Partnership deed if the business entity is a partnership firm
6.      Details of outgoing loans of the individual and the business entity with the outstanding amount, installments, security, purpose, balance loan term, etc.
7.      Cheque for processing fee favoring HDFC Ltd.
8.      Passport size photograph of the applicants/co-applicants on the application form and signed across
9.      Own contribution proof
Property related documents 1.      Allotment letter/ buyer agreement copy
2.      Title deeds in case of a resale with previous property documents


Aditya Birla Bank plot loan charges for salaried individuals

  • Processing fees

For self-employed professionals, Rs.3,000 or up to 0.50% of the loan amount whichever is higher, and other additional applicable taxes.

  • Prepayment charges

Adjustable-Rate Home Loans (ARHL) Adjustable-Rate Loans (ARHL):
·        No prepayment charges will be payable on account of full/part payments for loans sanctioned to individual borrowers.
·        For loans sanctioned to individual borrowers with the firm, company, etc. as a co-applicant. Prepayment charges at 2% plus taxes, as may be applicable from time to time, of the amount being prepaid, are payable.
·        The customer will have to submit documents that Aditya Birla Bank deems fit and proper to confirm the source of funds at the time of prepayment of the loan.
Fixed-Rate Home Loans (FRHL) Fixed-Rate Loans (FRHL)
·        No prepayment charges will be applicable for part/full payments made from own sources i.e., sources other than a bank/NBFC/HFC or financial institutions
·        The customer should submit documents that Aditya Birla Bank sees fit and proper to determine the source of funds.
·        Prepayment charges will be 2% plus taxes and statutory levies and charges of the outstanding amounts being so prepaid through any financial institution or any bank and will be applied to all full/ partial prepayments.
Fixed and Variable Rate Loans (Combination rate) Fixed and Variable Rate Loans (Combination rate)
·        During the Fixed Rate period:
·        The prepayment charges will be 2%, plus applicable taxes and statutory charges and levies of the outstanding amount being so prepaid through refinance from financial institutions or any banks, and will apply to all partial/full prepayments.
·        The customer must submit documents that Aditya Birla bank approves to confirm the source of funds at the time of prepayment of the loan.
·        During the Variable Rate period:
·        No prepayment charges will be applicable on account of full/partial prepayments for loan sanctioned to individual borrowers.
·        For loans sanctioned to individual borrowers with the firm, company, etc. as co-applicants. Prepayment charges at 2% plus taxes and statutory charges, as may be applicable from time to time, of the amount being prepaid are payable.
The prepayment charges mentioned will apply to the date of execution of the loan agreement. However, the charges are subject to change from time to time depending on the prevailing policies of the Aditya Birla bank plot loan. 
  • Conversion fees

Aditya Birla bank plot loan offers the below-mentioned conversion fees.

Name of the service/product

Name of the charge/fee levied

When payable

Frequency

Switch to a lower rate in Variable Rate Loans (Housing/improvement/extension)

Conversion fees

On conversion

On every spread change

Switching to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension)

Conversion fees

On conversion

Once

Switching from Trufixed Fixed Rate to Variable Rate Loan

Conversion fees

On conversion

Once

Switch to Lower Rate (Non-Housing Loans)

Conversion fees

On conversion

On every spread change

Switch to Lower Rate (Non-Housing Loans)

Conversion fees

On conversion

On every spread change

  • Cheque dishonor charges 

Rs.200

  • Fees on account of external opinion

The external evaluation can be either from specific valuers or advocates and the costs can be paid clearly to the concerned individual depending upon such assistance conveyed.

  • Property insurance:

The customer should regularly pay the brilliant entireties direct to the security provider to keep the course of action dynamic during the credit residency.

  • Incidental charges:

Inadvertent charges and expenses are compelled to cover the charges, costs, and various costs that may have been utilized to recover demand from a defaulting customer.

  • Statutory/managerial charges

The customer will be solely subject to all charges important on stamp commitment/MOD/MOE/Central Registry of Securitization Asset Reconstruction and Security Interest of India

  • List of documents 

Up to Rs.500

  • Photocopy of documents 

Up to Rs.500

  • Increase/decrease in the loan term

Up to Rs.500 plus applicable loan term

  • Disbursement cheque cancellation charge post disbursement

Up to Rs.200

  • PDC swap

Up to Rs.200

How to apply for Aditya Birla Bank plot loan With Dialabank

  • For Aditya Birla Bank Plot Loan, you can apply with Dialabank easily.
  • You have to fill the form with all the required documents.
  • The bank’s representative will then call you if the application is approved.

Additional tips to get Aditya Birla Bank plot loan Easily

  • A decent loan history would help in the simple endorsements of the loan.
  • A decent credit score would help in the simple endorsements of the loan.
  • Correct documentation is the major requirement for the simple endorsement of the loan.

Documents Required to Apply for Aditya Birla Bank plot loan

  • Filled application form
  • Passport size photo
  • Anything from Aadhaar Card/PAN Card/Passport/Driving License/Voter ID Card
  • Anything home confirmation from Aadhaar Card/Passport/Driving License/Telephone Bill/Ration Card/Election Card/Any other Certificate from Statutory Authority
  • The records of the property like a duplicate of title reports and endorsed authorized plan
  • Most recent a half year’s financial balance articulations
  • Compensation slips of most recent 3 months indicating allowances and a duplicate of Form 16
  • IT Returns or monetary records throughout the previous 2 years and calculation of pay ensured by a CA throughout the previous 2 years
  • Rental receipts or records demonstrating receipt of pay

What is the Plot loan interest rate in Aditya Birla Bank?

The Aditya Birla bank plot loan is 9.0-11.0%

 What is an Aditya Birla Bank Plot Loan?

Aditya Birla bank offers plot advances to both salaried and independently employed individuals on the off chance that they have an Indian ethnicity, Aditya Birla bank plot advance can be utilized for purchasing any plot in India.

 How much processing fee is applicable to the Aditya Birla Bank Plot loan?

Rs 2500- Rs 5000 is the processing fee charged by the Aditya Birla bank

 What is the loan tenure of the Aditya Birla Bank Plot loan?

 20 years is the loan time of the Aditya Birla Bank.

 How much EMI per Lakh can be fixed on Aditya Birla Bank Plot Loan?

EMI per Lakh for the Aditya Birla Bank plot loan is ₹ 649 for 30 years.

 How can I avail plot loan from Aditya Birla Bank?

Once you pass the eligibility criteria.

 How to Apply for an Aditya Birla Bank Plot loan?

Please visit the Aditya Birla Bank’s website to read the application procedure or you can just call at 9878981166.

 How to repay the Aditya Birla Bank plot loan earlier than the schedule?

Visit the Aditya Birla Bank’s website for knowing how to repay the loan before the schedule.

 Is it possible to repay my loan earlier than the schedule?

Yes, it is possible.

 How to check Aditya Birla Bank + Plot Loan eligibility?

Refer to the table mentioned above.

 What is the Aditya Birla Bank Plot loan phone number?

You have to call at 9878981166.

 What is the Aditya Birla Bank plot loan interest rate for women?

For women, the Aditya Birla Bank plot loan rate of interest is 7.05% – 7.20%. 

 What is the Aditya BirlaBank plot loan interest rates for salaried individuals?

 Aditya Birla Bank plot loan interest rate for Salaried Individuals – 7.10% – 7.20%.

 What is the Aditya Birla Bank plot loan interest rates for self-employed individuals?

Aditya Birla Bank plot loan interest rate for Self-Employed – 7.10% – 7.20%.

 What is Aditya Birla Bank plot loan interest rates for self-employed non-professionals?

 Aditya Birla Bank plot loan interest rate for Self-Employed Non-Professionals – 7.10% – 7.20%.

 How is a plot loan different from a home loan?

  • Tax benefits availability for Home loan owners but not for plot loan.
  • Usually, the LTV in plot loans is less up to 70% and home loans are 90%.

 Can I take a plot loan along with a home loan?

No, you can take only one loan at a time.

 What is the maximum amount that I can take as a loan?

The maximum loan amount is determined after checking your land documents.

 Can a plot loan finance investment in any plot, anywhere?

Yes, you can do that.

 What is a Balance Transfer on Plot Loan?

Balance Transfer helps in lowering the EMIs by transferring your remaining loan to other financial institutions to one that offers a lower interest rate.

 Do I get any tax benefits on a plot loan?

No tax benefits.

 How many years can I keep the plot of land before starting construction?

For 3 years one can keep the plot of land.

 

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