Bajaj Finance Plot Loan

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Bajaj Finance Plot Loan Features 

Interest Rate  8.5% p.a.
Loan Tenure  Up to 10 years 
Amount of Loan  Up to 3.5 Cr
Age Limit Up to 70 years 

Bajaj Finance Personal Loan Eligibility Calculator

Eligibility Criteria for Bajaj Finance Plot Loan 

To become eligible for a land loan with Bajaj Finance:

  • you must have consistent repaying ability.
  • The applicant should be an Indian resident and can be either a salaried employee or a self-employed professional.
  • You should also have all the necessary documents for quicker approval.
  • The salaried borrower should be a minimum of 23 years old and maximum of 62 years old. The self-employed individuals can be between 25 to 70 years of age and should be in the current line of business for the past 5 years.

Benefits of Bajaj Finance Plot Loan 

  • Quick Approval: The lender claims that it only takes 5 minutes for approval after all the documents are submitted.
  • Fast Disbursal: As purchasing a plot will require a huge amount on-time, Bajaj Finserv understands the needs of the customer and disburses the loan within 3 days or before.
  • Low-Interest Rate: The lender offers the best interest rate in the market.
  • Digitally Enabled: Online access for your loan account enables to keep track of the payments and get information related to the loan from anywhere.

Plot Loan 

If you come upon a plot for sale that you think makes the perfect location for your future home, then a plot loan can help you take advantage of the opportunity. Unlike home purchase loans that are used to purchase existing, underlying properties, plot loans allow you to purchase land. You can use a plot loan to buy land so that you can build on it in the future. Plot loans can have tenures of up to 15 years.

One restriction on plot loans in India is that the plot loan or land cannot be used to purchase agricultural land. It is quite easy to get approval for plot or land loans. Generally, it does not take more than a week for your application to be approved. To apply for a plot loan, you must be at least 21 years of age and not more than 60 years old.

1. Plot Loan Interest Rates

In the case of loans for getting land and plot loans, the speed of interest is the same. Bank of Baroda might give some higher marks for the plot loan purchase than home loans. Banks allow a group time for construction on the plot, and also the borrower is required to present a construction certificate to the bank. If the borrower doesn’t depend on the plot within the amount from the date of the primary disbursement, the structure of land loan interest rates changes from a loan to a loan against property for the borrower.

2. Loan to Value Ratio‭ (‬LTV‭)‬

Loan to value or LTV means the quantity of loan that a borrower will get against his property. LTV just in case of grant of loan for the purchase of land with construction. , is kind of low and may be capped at a maximum of 70% of the land value. just in the case of the equity credit line, LTV is between 75% to 90%.

3. Time Period

Land loans have a comparatively longer tenure of 15 years than those in home loans with an extended tenure of 30 years. Therefore, the EMI in terms of loans for plot purchase is beyond that of normal home loans. The time period for a land loan may also depend upon the age and repayment capacity of the borrower.

4. Tax Benefits

Home loans qualify for tax write-off on payment of a principal amount under Section 80C of the revenue enhancement Act also as Section 24 (b) of the revenue enhancement Act. On the opposite hand, tax benefits aren’t available on a land loan. However, borrowers can claim a write-down on the loan if the home is constructed on a plot purchased by the borrower. After completion of construction on the plot, one can claim a deduction against the loan amount taken for construction.

5. Prepayment Penalty

A floating-rate loan is sanctioned to an individual borrower if the prepayment penalty is exempted or if a borrower wishes to repay the amount of the loan. However, a land loan form of a home equity loan can attract a prepayment charge of two.4% of the prepaid amount if taken by a non-individual borrower. A borrower must always read the loan agreement very carefully, and clear their doubts before signing the agreement.

Types of Plot Loans Bijaje Finance provides 

Bajaj Finance Plot Loan and Plot + Construction Loan

Plot loan

A loan for plot purchase can only be taken for the purchase of an empty residential plot or a piece of land, which can then be used for the purpose of building a house or for investment. The property must be located within the municipal or corporate limits. This type of loan is a high-risk loan. However, it mainly depends on factors like employment type, loan amount for plot purchase, and loan type.

Plot + Construction Loan

This loan is taken to purchase residential plots and build a house on the property within the stipulated time. If a borrower does not start construction within a specified period, the bank may increase the interest rate on the loan.

Bajaj Finance plot loans for self-employed individuals

Salient Features

  • Self-employed individuals can apply for this loan if he/she is looking to:
    • Purchase a plot that is being resold
    • Purchase a plot through direct allotment in a housing society or a developer project
    • Transfer his/her outstanding loan amount availed from another financial institution
  • Customized repayment options offered to the borrower depending on the loan amount, loan tenure, and interest rates provided by the bank.
  • Attractive interest rates offered on the plot loans to make it affordable for the applicants.
  • No hidden costs charged on the loan.

Who can apply for Bajaj Finance plot loans self-employed?

Individuals can apply for this loan on their own or collectively. The co-applicants for the plot loans must be the proposed owners of the plot. Co-applicants generally comprise of family members and need not be co-owners of the property.

Loan term

  • The maximum tenure up to which one can distribute his payments for his/her loan is 15 years.
  • The loan term depends on the repayment scheme the applicant has opted for.
  • The customer’s profile, age of the plot at the time of loan maturity, age of the customer at the time of loan maturity also play a role in deciding 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 plot loans self-employed:

  • TruFixed Home Loan – 2/3 Year Fixed Rate Variant

    This loan provides customers a part adjustable-rate term and a part fixed rate term. Under the TruFixed Home Loan, the applicant can avail fixed rate for up to 2/3 years, after which the loan will change to an adjustable-rate loan automatically, summing up to a total of a 15-year loan term.

  • Adjustable-Rate Loan

    The adjustable-rate plot loan is linked to HDFC’s Retail Prime Lending Rate (RPLR). The interest rate on the loan is revised once every three months if there is a change in the RPLR, taking the date of the first disbursement into account. A rise in the interest rate will result in an increase in the EMI’s interest component which in turn will reduce the principal component. This will extend the loan term, and vice versa, in cases where the interest rate drops.

Bajaj Finance Plot Loan Interest Rates For self-employed professionals

  • Adjustable Plot Rate Loan

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

    Loan Slab Plot 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 Bajaj Finance and can be revised at the time of disbursement.

  • TruFixed Loan – 2 Year Fixed Rate Variant

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

    Loan Slab Plot Loan Interest Rates (% p.a.)
    For Women* (up to 30 Lakhs) 7.50 to 8
    For Others* (up to 30 Lakhs) 7.55 to 8.05
    For Women* (Above 30 Lakhs) 7.65 to 8.15
    For Others* (Above 30 Lakhs) 7.70 to 8.20
    For Women* (75.01 Lakhs & Above) 7.75 to 8.25
    For Others*(75.01 Lakhs & Above) 7.80 to 8.30

Bajaj Finance plot loan interest rates for self-employed non-professionals

  • Adjustable-Rate Plot Loan

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

    Loan Slab Interest Rates (% p.a.)
    For Women* (Up to 30 Lakhs) 7.20 to 7.70
    For Others* (Up to 30 Lakhs) 7.25 to 7.75
    For Women* (Above 30 Lakhs) 7.45 to 7.95
    For Others* (Above 30 Lakhs) 7.50 to 8
    For Women* ( 75.01 Lakhs & Above) 7.55 to 8.05
  • TruFixed Loan – 2 Year Fixed Rate Variant

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

    Loan Slab Interest Rates (% p.a.)
    For Women* (up to 30 Lakhs) 7.65 to 8.15
    For Others* (up to 30 Lakhs) 7.70 to 8.20
    For Women* (Above 30 Lakhs) 7.80 to 8.30
    For Others* (Above 30 Lakhs) 7.85 to 8.35
    For Women* ( 75.01 Lakhs & Above) 7.90 to 8.40
    For Others*( 75.01 Lakhs & Above) 7.95 to 8.45

Bajaj Finance 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 Licence
  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 individual 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. A cheque for processing fee favoring Bajaj Finance 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

Bajaj Finance plot loan fees and charges for self-employed

  1. 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.
    • For self-employed non-professionals: Rs.4,500 or up to 1.50% of the loan amount whichever is higher, and other additional applicable taxes.
  2. Prepayment charges:

    Adjustable-Rate Plot 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 Bajaj Finance deems fit and proper to confirm the source of funds at the time of prepayment of the loan.
    Fixed-Rate Plot 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 Bajaj Finance 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 be applicable to all partial/full prepayments.
      • The customer must submit documents that HDFC 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 be applicable 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 Bajaj Finance.

  3. Conversion fees:

    Bajaj Finance bank offers its existing customers the privilege of a conversion facility to bring down applicable interest rates on the loan by switching between schemes. One can utilize this facility by paying a fee and choose to either reduce the loan tenure or the EMI. Here are the options of conversions available for the existing Bajaj Finance customers:

    Name of the service/product Name of the charge/fee levied When payable Frequency Amount in rupees
    Switch to a lower rate in Variable Rate Loans (Housing/improvement/extension) Conversion fees On conversion On every spread change Up to 50% of the principal outstanding and undisbursed amount at the time of conversion or a cap of Rs.50,000 plus taxes whichever is lower.
    Switching to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension) Conversion fees On conversion Once Up to 50% of the principal outstanding and undisbursed amount at the time of conversion or a cap of Rs.50,000 plus taxes whichever is lower.
    Switching from Trufixed Fixed Rate to Variable Rate Loan Conversion fees On conversion Once 1.75% of the principal outstanding and undisbursed amount plus taxes at the time of conversion.
    Switch to Lower Rate (Non-Housing Loans) Conversion fees On conversion On every spread change Half of the spread difference on the principal outstanding and undisbursed amount plus taxes, with a minimum fee of 0.5% and a maximum fee of 1.50%.
    Switch to Lower Rate (Non-Housing Loans) Conversion fees On conversion On every spread change 0.5% of principal outstanding and undisbursed amount plus taxes at the time of conversion.
  4. Cheque dishonor charges:

     Rs.200 (conditions apply)

  5. 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.

  6. Property insurance:

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

  7. 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.

  8. Statutory/regulatory charges:

    The customer will be solely responsible for all charges applicable on stamp duty/MOD/MOE/Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI). 

  9. List of documents:

     Up to Rs.500

  10. Photocopy of documents:

    Bajaj Finance Personal Loan Eligibility Calculator

     Up to Rs.500

  11. Increase/decrease in loan term:

     Up to Rs.500 plus applicable loan term

  12. Disbursement cheque cancellation charge post disbursement:

     Up to Rs.200

  13. Re-appraisal of the loan after 6 months from sanction:

     Up to Rs.2000 plus applicable taxes

  14. PDC swap:

     Up to Rs.200

Bajaj Finance  plot loans for salaried individuals

Salient Features

  • Salaried individuals can apply for this loan if he/she is looking to:
    • Purchase a plot that is being resold
    • Purchase a plot through direct allotment in a housing society or a developer project
    • Transfer his/her outstanding loan amount availed from another financial institution
  • Customized repayment options offered to the borrower depending on the loan amount, loan tenure, and interest rates provided by the bank.
  • Attractive interest rates offered on the plot loans to make it affordable for the applicants.
  • No hidden costs charged on the loan.

Who can apply for Bajaj Finance plot loans for salaried individuals?

The loan can be applied either individually or collectively. The co-applicants for the plot loans must be the proposed owners of the plot. Co-applicants generally comprise of family members and need not be co-owners of the property.

Loan term

  • The maximum tenure up to which one can distribute his payments for his/her loan is 15 years.
  • The loan term depends on the repayment scheme the applicant has opted for.
  • The customer’s profile, age of the plot at the time of loan maturity, age of the customer at the time of loan maturity also play a role in deciding 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 plot loans for salaried individuals:

  • TruFixed Plot Loan – 2/3 Year Fixed Rate Variant:

    This loan provides customers a part adjustable-rate term and a part fixed rate term. Under the TruFixed Plot Loan, the applicant can avail fixed rate up to 2/3 years, after which the loan with change to an adjustable-rate loan automatically, summing up to a total of 15 years loan term.

  • Adjustable-Rate Loan:

    The adjustable-rate plot loan is linked to Bajaj Finance’s Retail Prime Lending Rate (RPLR). The interest rate on the loan is revised once every three months if there is a change in the RPLR, taking the date of the first disbursement into account. A rise in the interest rate will result in an increase in the EMI’s interest component which in turn will reduce the principal component. This will extend the loan term, and vice versa in cases where the interest rate drops.

Bajaj Finance plot loan interest rates for salaried individuals

  • Adjustable Plot Rate Loan

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

    Loan Slab Plot Loan Interest Rates (% p.a.)
    For Women* (Up to 30 Lakhs) 7.05 to 7.55
    For Others* (Up to 30 Lakhs) 7.10 to 7.60
    For Women* (Above 30 Lakhs) 7.30 to 7.80
    For Others* (Above 30 Lakhs) 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 Bajaj Finance and can be revised at the time of disbursement.

  • TruFixed Loan – 2 Year Fixed Rate Variant

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

    Loan Slab Plot Loan Interest Rates (% p.a.)
    For Women* (up to 30 Lakhs) 7.50 to 8
    For Others* (up to 30 Lakhs) 7.55 to 8.05
    For Women* (Above 30 Lakhs) 7.65 to 8.15
    For Others* (Above 30 Lakhs) 7.70 to 8.20
    For Women* (75.01 Lakhs & Above) 7.75 to 8.25
    For Others*(75.01 Lakhs & Above) 7.80 to 8.30

Bajaj Finance plot loan documents required for salaried individuals

Here are the documents you will have to submit for all 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 Licence
  3. Aadhaar Card
  4. Valid Passport
Proof of income
  1. Latest Form 16 and Income Tax Returns
  2. Last six months’ bank statements, showing salary credits
  3. Last three months’ salary slips
Other documents
  1. Own contribution proof
  2. Last six months’ bank statements showing repayment of any ongoing loans.
  3. Employment contract/appointment letter in case current employment is less than a year old
  4. A cheque for processing fee favoring Bajaj Finance Ltd.
  5. Passport size photograph of all the co-applicants/applicants to be affixed on the application form and signed across
Property related documents
  1. Allotment letter/ buyer agreement copy
  2. Title deeds in case of a resale with the previous chain of the property documents

Bajaj Finance plot loan fees and charges for salaried individuals

Given below is the list of fees/charges/other outgoings that can be payable depending on the type of loan applied for.

  1. 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.

  2. Prepayment charges:

    Adjustable-Rate Plot 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 Bajaj Finance deems fit and proper to confirm the source of funds at the time of prepayment of the loan.
    Fixed-Rate Plot 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 Bajaj Finance 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 be applicable to all partial/full prepayments.
      • The customer must submit documents that Bajaj Finance 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 be applicable from 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 Bajaj Finance. 

  3. Conversion fees

 HDFC bank offers its existing customers the privilege of a conversion facility to bring down applicable interest rates on the loan by switching between schemes. One can utilize this facility by paying a fee and choose to either reduce the loan tenure or the EMI.

Here are the options of conversions available for the existing HDFC customers:

Name of the service/product Name of the charge/fee levied When payable Frequency Amount in rupees
Switch to a lower rate in Variable Rate Loans (Housing/improvement/extension) Conversion fees On conversion On every spread change Up to 50% of the principal outstanding and undisbursed amount at the time of conversion or a cap of Rs.50,000 plus taxes whichever is lower.
Switching to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension) Conversion fees On conversion Once Up to 50% of the principal outstanding and undisbursed amount at the time of conversion or a cap of Rs.50,000 plus taxes whichever is lower.
Switching from Trufixed Fixed Rate to Variable Rate Loan Conversion fees On conversion Once 1.75% of the principal outstanding and undisbursed amount plus taxes at the time of conversion.
Switch to Lower Rate (Non-Housing Loans) Conversion fees On conversion On every spread change Half of the spread difference on the principal outstanding and undisbursed amount plus taxes, with a minimum fee of 0.5% and a maximum fee of 1.50%.
Switch to Lower Rate (Non-Housing Loans) Conversion fees On conversion On every spread change 0.5% of principal outstanding and undisbursed amount plus taxes at the time of conversion.
  1. Cheque dishonor charges:

    Rs.200 (conditions apply)

  2. 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.

  3. Property insurance: 

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

  4. Charges on account of delayed payments: 

    The customer is liable to pay additional interests up to 24% p.a in case the payment of interest or EMI has been delayed.

  5. 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.

  6. Statutory/regulatory charges: 

    The customer will be solely responsible for all charges applicable on stamp duty/MOD/MOE/Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI). 

  7. List of documents: Up to Rs.500
  8. Photocopy of documents: 

    Up to Rs.500

  9. Increase/decrease in loan term: 

    Up to Rs.500 plus applicable loan term

  10. Disbursement cheque cancellation charge post disbursement: 

    Up to Rs.200

  11. PDC swap: 

    Up to Rs.200

  12. Re-appraisal of a loan after 6 months from sanction: 

    Up to Rs.2000 plus applicable taxes

How to apply for Bajaj Finance Plot Loan With DialAbank

  • Now apply for  Bajaj Finance Plot Loan with Dialabank easily.
  • You just need to fill an online form with the appropriate details and required documents at the Dialabank website itself.
  • Our Dialabank representative will get in contact with you to assist you with the process.
  • Just give a call at 9878981166, for any inquiries.

Additional tips to get Bajaj Finance Plot Loan Easily

  • Consider getting a Co-Signer: If you are not able to get a plot loan on your own record, you can apply for one by adding a guarantor or co-signer. The CIBIL score of the guarantor you choose should be good. The main purpose of the guarantor is to ensure that you will repay your loan. However, if you are not able to do so, they themselves are liable to repay the loan. It is beneficial to choose a person with a credit score of over 750 as it will greatly increase your chances of getting a plot loan.
  • Choose the right lender: Talking about income and credit score, each lender has its own set of requirements. In search of a plot loan, choose a lender whose eligibility criteria you can meet and apply accordingly. The problem with using more than one lender is that each of them will check your credit score. Whenever your entire credit report is taken out, your credit score falls, little.

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