Andhra Pradesh Grameena Vikas Bank plot Loan

⋆ Interest Rate 9.99% ⋆

Check Special Offers During COVID-19

      I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
      Same Day Disbursal
      Doorstep Service
      Unbiased Experts Advice

      Andhra Pradesh Grameena Vikas Bank plot Loan Features

      INTEREST RATE

      1. For Women: 8.30%
      2. For Men: 8.35%
      3. For Repairs/ Upgradation: 9.50% (Maximum Rs 5 Lakhs)

      LOAN TENURE

      15 Years

      PROCESSING FEE

      As decided by the bank from time to time

      GUARANTOR REQUIRED

      Please Contact Bank Branch

      PRE CLOSURE CHARGES

      As per the bank’s discretion

      Eligibility Criteria for the Andhra Pradesh Grameena Vikas Bank Bank plot loan

      The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO).

      The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO).

      The applicant’s age must be in the range of 18 years and 70 years at the time of loan maturity.

      The applicant’s age must be in the range of 18 years and 70 years at the time of loan maturity.

      The applicant must be salaried or self-employed with a regular income.

      The applicant must be salaried or self-employed with a regular income.

      Andhra Pradesh Grameena Vikas Bank plot Loan Benefits

      Andhra Pradesh Grameena Vikas Bank

      • Rates of interest from 8.35%
      • 15 years of time
      • Huge options of plot loan schemes to suit loan needs
      • Several loan reimbursements options to suit applicants who want
      • Trouble-free document procedure

      Plot Loan

      Andhra Pradesh Grameena Vikas Bank offers plot loans to both salaried and self-employed people with an Indian nationality,

      1.     Tenure

      The time for the Andhra Pradesh Grameena Vikas Bank plot loan is 30 years.

      2.     Prepayment Fine

      A prepayment fee is a nil

      3.     Loan to Value Ratio (LTV)

      LTF is 90%.

      4.     Tax Benefits

      There are no tax benefits in Andhra Pradesh Grameena Vikas Bank plot loan.

      Andhra Pradesh Grameena Vikas 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.

      Andhra Pradesh Grameena Vikas 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.
      • Buying a plot through a direct share in a covering society or a creator scheme
      • Transfer his/her unresolved lending amount availed from another economic organization
      • Modified reimbursement choices offered to the debtor liable on the loan amount, loan tenancy, and rate of interest provided by the bank.
      • Striking rates of interest obtainable on the plot loans to make it reasonable for the candidates.
      • No unseen costs are charged on the lend.

      Who can apply for an Andhra Pradesh Grameena Vikas Bank plot loan self-employed?

      Persons can apply for this lend on their personal or together. People for the plot loans must be the planned proprietors of the plot. Co-applicants usually include household members and need not be co-owners of the stuff.

      Loan term

      • The maximum tenure is 15 years.
      • The loan term depends on the reimbursement system the candidate has chosen for.
      • The client’s outline, age of the plot at the period of lend prime of life, age of the client at the period of loan maturity also play a role in determining the loan 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 Andhra Pradesh Grameena Vikas Bank plot loans self-employed:

      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 an entire 15-year loan period.

      Adjustable-Rate Loan

      The rate of interest on the loan is revised 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. 

      Andhra Pradesh Grameena Vikas 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 Andhra Pradesh Grameena Vikas Bank 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

      Andhra Pradesh Grameena Vikas 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

      Andhra Pradesh Grameena Vikas 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


      Andhra Pradesh Grameena Vikas 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 Andhra Pradesh Grameena 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 Himachal Pradesh Gramin 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 Andhra Pradesh Grameena 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 Andhra Pradesh Grameena 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 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 opinion can be either from technical valuers or advocates and the fees can be paid directly to the concerned person depending on the kind of assistance rendered.

      ·        Property insurance: 

      The customer should regularly pay the premium amounts directly to the insurance provider to keep the policy active during the loan tenure.

      ·        Incidental charges: 

      Incidental charges and expenses are imposed to cover the charges, costs, and other expenses that may have been utilized to recover dues from a defaulting customer.

      ·        Statutory/regulatory charges

      The customer will be solely responsible for all charges applicable on stamp duty/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

      Andhra Pradesh Grameena Vikas Bank plot loan for salaried individuals

      Salient Features

      • Self-employed individuals can apply for this loan.
      • Buy a plot that’s already on sale.
      • Buying a plot through a direct share in a covering society or a creator scheme
      • Transfer his/her unresolved lending amount availed from another economic organization
      • Modified reimbursement choices offered to the debtor liable on the loan amount, loan tenancy, and rate of interest provided by the bank.
      • Striking rates of interest obtainable on the plot loans to make it reasonable for the candidates.
      • No unseen costs are charged on the lend.

      Who can apply Andhra Pradesh Grameena Vikas Bank plot loan for salaried individuals?

      Persons can apply for this lend on their personal or together. People for the plot loans must be the planned proprietors of the plot. Co-applicants usually include household members and need not be co-owners of the stuff.

      Loan term

      • The maximum tenure is 15 years.
      • The loan term depends on the reimbursement system the candidate has chosen for.
      • The client’s outline, age of the plot at the period of lend prime of life, age of the client at the period of loan maturity also play a role in determining the loan 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*

      The maximum funding of the loan can be restricted to 70% of the property cost if the property is situated outside city limits.

      Type of Andhra Pradesh Grameena Vikas 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 is revised 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. 

      Andhra Pradesh Grameena Vikas 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 Andhra Pradesh Grameena Vikas Bank and can be revised at the time of disbursement.

      Tru Fixed 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

      Andhra Pradesh Grameena Vikas 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

      Andhra Pradesh Grameena Vikas 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 Andhra Pradesh Grameena 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 Himachal Pradesh Gramin 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 Andhra Pradesh Grameena 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 Andhra Pradesh Grameena bank plot loan. 

       

      Conversion fees

      Andhra Pradesh Grameena Vikas 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 opinion can be either from technical valuers or advocates and the fees can be paid directly to the concerned person depending on the kind of assistance rendered.

      ·        Property insurance: 

      The customer should regularly pay the premium amounts directly to the insurance provider to keep the policy active during the loan tenure.

      ·        Incidental charges: 

      Incidental charges and expenses are imposed to cover the charges, costs, and other expenses that may have been utilized to recover dues from a defaulting customer.

      ·        Statutory/regulatory charges

      The customer will be solely responsible for all charges applicable on stamp duty/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 Andhra Pradesh Grameena Vikas Bank plot loan With Dialabank

      • For Andhra Pradesh Grameena Vikas Bank Plot Loan, you can apply with Dialabank easily.
      • You have to fill the form with all the required documents.
      • For further details, the bank’s representative will call you if your application is approved.

      Additional tips to get Andhra Pradesh Grameena Vikas Bank plot loan Easily

      • A good loan history would be an advantage before applying for the loan.
      • A good credit score would help in the easy approvals of the loan.
      • Proper documentation is required at the time of approval. 

      Documents Required to Apply for Andhra Pradesh Grameena Vikas Bank plot loan

      1. Filled application form with the photographs attached.
      2. Id Proof like Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government
      3. Address Proof like Aadhar Card, Passport, Driving License, Voter id card, Electricity/ Telephone/ Post-Paid Mobile bill, Bank statement
      4. Age Proof like Passport, Birth Certificate, PAN card, Driving License, Voter id card, Employee ID card (only for PSU/ Government employees), School/ College leaving certificate
      5. For salaried persons, 6 months salary slips.
      6. The last 6 months Bank Statement 
      7. The last 3 years income Tax Returns (ITR)
      8. Last 3 years CA Certified or Audited Balance Sheet and Profit & Loss Account
      9. Processing fee cheque
      10. Copies of the title documents of the property and the approved plan
      11. For Construction/ Renovation case, cost estimate from the Architect

       What is the Plot loan interest rate in Andhra Pradesh Grameena Vikas Bank?

      The Andhra Pradesh Grameena Vikas bank plot loan is 9.0-11.0%

      What is an Andhra Pradesh Grameena Vikas Bank Plot Loan?

      Andhra Pradesh Grameena Vikas bank offers plot loans to both salaried and self-employed people if they have an Indian nationality,

       What is the Plot loan interest rate in Andhra Pradesh Grameena Vikas Bank?

      The Andhra Pradesh Grameena Vikas bank plot loan is 9.0-11.0%

       What is an Andhra Pradesh Grameena Vikas Bank Plot Loan?

      Andhra Pradesh Grameena Vikas bank offers plot loans to both salaried and self-employed people if they have an Indian nationality, bank plot loan can be used for buying any plot in India.

       How much processing fee is applicable to the Andhra Pradesh Grameena Vikas Bank Plot loan?

      Contact the bank.

       What is the loan tenure of the Andhra Pradesh Grameena Vikas Bank Plot loan?

       20 years is the loan time of the Andhra Pradesh Grameena Vikas Bank.

       How much EMI per Lakh can be fixed on Andhra Pradesh Grameena Vikas Bank Plot Loan?

      EMI per Lakh for the Andhra Pradesh Grameena Vikas Bank plot loan is ₹ 649 for 30 years.

       How can I avail plot loan from Andhra Pradesh Grameena Vikas Bank?

      Once you pass the eligibility criteria.

       How to Apply for an Andhra Pradesh Grameena Vikas Bank Plot loan?

      Please visit the Andhra Pradesh Grameena Vikas Bank’s website to read the application procedure or you can just call at 9878981166.

       How to repay the Andhra Pradesh Grameena Vikas Bank plot loan earlier than the schedule?

      Visit the Andhra Pradesh Grameena Vikas 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.

       How to check Andhra Pradesh Grameena Vikas Bank + Plot Loan eligibility?

      Visit the above-mentioned table.

       What is the Andhra Pradesh Grameena Vikas Bank Plot loan phone number?

      You have to call at 9878981166.

       What is the Andhra Pradesh Grameena Vikas Bank plot loan interest rate for women?

      For women, the Andhra Pradesh Grameena Vikas Bank plot loan rate of interest is 7.05% – 7.20%. 

       What is the Andhra Pradesh Grameena Vikas Bank plot loan interest rates for salaried individuals?

      Andhra Pradesh Grameena Vikas Bank plot loan interest rate for Salaried Individuals – 7.10% – 7.20%.

       What is the Andhra Pradesh Grameena Vikas Bank plot loan interest rates for self-employed individuals?

      Andhra Pradesh Grameena Vikas Bank plot loan interest rate for Self-Employed – 7.10% – 7.20%.

       What is Andhra Pradesh Grameena Vikas Bank plot loan interest rates for self-employed non-professionals?

      Capital First 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.

       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.

       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?

      3 years.

       

       

      Table of Contents

      Menu