Bangiya Gramin Vikash Bank plot loan features
|
Sl No. |
Repayment Period |
Up to Rs 25.00 lakh |
Above Rs 25.00 lakh up to Rs 35.00 lakh |
Above Rs 25.00 lakh up to Rs 35.00 lakh |
|
1 |
Up to 5 years |
10.75% p.a |
11.00% p.a |
11.25% p.a |
|
2 |
Over 5 years up to 15 years |
11.00% p.a |
11.25% p.a |
11.50% p.a |
|
3 |
Over 15 years up to 20 years |
11.25% p.a |
11.50% p.a |
11.75% p.a |
Reimbursement:
- The maximum period for reimbursement is 20 years and is dependent on the 1st candidate whose salary plays an important part in the retrieval and the outstanding age of the ancient property.
- The loan has to be reimbursed for a salaried person with retirement and within the age of 65 for the self-employed candidates and professionals.
- Elastic Reimbursement Choice: At a certain point of time increase EMI, Decrease EMI & Lesser EMI with a lump-sum payment.
Processing Charges:
- 50% of the loan amount minimum. Minimum: Rs.1000/- and Maximum: Rs.10, 000/-.
- No Mortgage fees.
- Documentation Fees
- Prepayment Fees
- 2% pre-payment charges are charged on the remaining balance.
- Interest Subsidy: 1% of interest total focus on the fulfillment of terms and conditions.
Eligibility for Bangiya Gramin Vikash Bank plot loan
Individuals above 21 years, having regular income i.e salary /engaged in business/professionals and self-employed persons.
Bangiya Gramin Vikash Bank plot Loan Benefits
- Striking paces of revenue from 9.00%
- 30 years long residency
- Numerous plot credit plans to suit candidates advance prerequisites
- Several advance repayments choices to suit candidates who need
- Bother free report method Plot Loan
Bangiya Gramin Vikash Bank offers plot loans to both salaried and self-employed people with Indian nationality.
-
Tenure
The time for the Bangiya Gramin Vikash Bank plot loan is 30 years.
-
Prepayment Fine
A prepayment fee is a nil
-
Loan to Value Ratio (LTV)
LTF is 90%.
-
Tax Benefits
There are no tax benefits in the Bangiya Gramin Vikash Bank plot loan.
Bangiya Gramin Vikash 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. |
Bangiya Gramin Vikash Bank plot loan for self-employed individuals
Salient Features
- Self-utilized people can apply for this credit.
- Buy a plot that is now marked down.
- Buying a plot through an immediate offer in a covering society or a maker conspire
- Transfer his/her uncertain loaning sum profited from another financial association
- Modified repayment decisions offered to the account holder subject to the credit sum, advance occupancy, and pace of revenue gave by the bank.
- Striking paces of interest possible on the plot advances to make it sensible for the applicants.
- No inconspicuous expenses are charged on the loan
Who can apply for a Bangiya Gramin Vikash Bank plot loan self-employed?
People can apply for this loan on their own or together. Individuals for the plot advances should be the arranged owners of the plot. Co-candidates for the most part incorporate family individuals and need not be co-proprietors of the stuff.
Loan term
- The most extreme residency is 15 years.
- The advance term relies upon the repayment framework the competitor has decided for.
- The customer’s layout, age of the plot at the time of loan prime of life, age of the customer at the time of credit development likewise assume a job in deciding the advance 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 Bangiya Gramin Vikash Bank plot loans self-employed:
TruFixed Home Loan – 2/3 Year Fixed Rate Variant
Under the Tru Fixed Home Loan, the competitor can profit at a safe pace of up to 2/3 years, adding up to a whole 15-year advance period.
Adjustable-Rate Loan
The pace of interest on the advance is updated like clockwork. An expansion in the pace of interest will bring about an upsurge to the EMI’s advantage segment which thus will decrease the central segment.
Bangiya Gramin Vikash Bank plot loan Interest Rates For self-employed professionals
Adjustable Home Rate Loan
The Retail Prime Lending Rate for independently employed experts remains 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 Capital First and can be revised at the time of disbursement.
Tru Fixed Loan – 2 Year Fixed Rate Variant
The Retail Prime Lending Rate (RPLR) remains 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 |
Bangiya Gramin Vikash Bank plot loan interest rates for self-employed non-professionals
Adjustable-Rate Home Loan
The Retail Prime Lending Rate (RPLR) remains 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 remains 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 |
Bangiya Gramin Vikash Bank plot loan documents required for self-employed
| 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 |
Bangiya Gramin Vikash Bank plot loan charges for self-employed
Processing fees
Out of whichever is higher between Rs.4,500 or up to 1.50% of the credit whole and another extra legitimate toll for freely utilized non-specialists.
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 Bangiya Gramin 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 Bangiya 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 Bangiya Gramin 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 Bangiya Gramin 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 outer assessment can be either from specialized valuers or advocates and the charges can be paid straightforwardly to the concerned individual relying upon the sort of help delivered.
-
Property insurance:
The client ought to consistently pay the exceptional sums straightforwardly to the protection supplier to keep the strategy dynamic during the credit residency.
-
Incidental charges:
Coincidental charges and costs are forced to cover the charges, costs, and different costs that may have been used to recuperate duty from a defaulting client.
-
Statutory/regulatory charges
The client will be exclusively answerable for all charges relevant to stamp obligation/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
Bangiya Gramin Vikash Bank plot loan for salaried individuals
Salient Features
- Self-utilized people can apply for this credit.
- Buy a plot that is now marked down.
- Buying a plot through an immediate offer in a covering society or a maker conspire
- Transfer his/her uncertain loaning sum profited from another financial association
- Modified repayment decisions offered to the account holder subject to the credit sum, advance occupancy, and pace of revenue gave by the bank.
- Striking paces of interest possible on the plot advances to make it sensible for the applicants.
- No inconspicuous expenses are charged on the loan
Who can apply for a Bangiya Gramin Vikash Bank plot loan for salaried individuals?
People can apply for this loan on their own or together. Individuals for the plot advances should be the arranged owners of the plot. Co-candidates for the most part incorporate family individuals and need not be co-proprietors of the stuff.
Loan term
- The most extreme residency is 15 years.
- The advance term relies upon the repayment framework the competitor has decided for.
- The customer’s layout, age of the plot at the time of loan prime of life, age of the customer at the time of credit development likewise assume a job in deciding the advance 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 Bangiya Gramin Vikash Bank plot loan for salaried individuals:
TruFixed Home Loan – 2/3 Year Fixed Rate Variant
Under the Tru Fixed Home Loan, the competitor can profit at a safe pace of up to 2/3 years, adding up to a whole 15-year advance period.
Adjustable-Rate Loan
The pace of interest on the advance is updated like clockwork. An expansion in the pace of interest will bring about an upsurge to the EMI’s advantage segment which thus will decrease the central segment.
Bangiya Gramin Vikash Bank plot loan interest rates for salaried individuals
Adjustable Home Rate Loan
The Retail Prime Lending Rate for independently employed experts remains 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 Bangiya Gramin Vikash Bank and can be revised at the time of disbursement.
TruFixed Loan – 2 Year Fixed Rate Variant
The Retail Prime Lending Rate (RPLR) remains 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 |
Bangiya Gramin Vikash 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 |
Bangiya Gramin Vikash Bank plot loan charges for salaried individuals
-
Processing Fees
Out of whichever is higher between Rs.4,500 or up to 1.50% of the credit whole and another extra legitimate toll for freely utilized non-specialists.
-
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 Bangiya Gramin 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 Bangiya 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 Bangiya Gramin 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 Bangiya Gramin bank plot loan. |
- Conversion fees
Bangiya Gramin Vikash 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 outer assessment can be either from specialized valuers or advocates and the charges can be paid straightforwardly to the concerned individual relying upon the sort of help delivered.
-
Property insurance:
The client ought to consistently pay the exceptional sums straightforwardly to the protection supplier to keep the strategy dynamic during the credit residency.
-
Incidental charges:
Coincidental charges and costs are forced to cover the charges, costs, and different costs that may have been used to recuperate duty from a defaulting client.
-
Statutory/regulatory charges
The client will be exclusively answerable for all charges relevant to stamp obligation/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 Bangiya Gramin Vikash Bank plot loan With Dialabank
- For Bangiya Gramin Vikash Bank Plot Loan, you can apply with Dialabank without any problem.
- You need to fill the structure with all the necessary records.
- For further subtleties, the bank’s agent will call you if your application is endorsed.
Additional tips to get Bangiya Gramin Vikash Bank plot loan Easily
- A great advance history would be a bit of leeway before applying for the credit.
- A great financial assessment would help in the simple endorsements of the credit.
- Proper documentation is needed at the hour of endorsement
Documents Required to Apply for Bangiya Gramin Vikash Bank plot loan
- Filled application structure
- Identification size photograph
- Any id proofs from Aadhaar Card/PAN Card/Passport/Driving License/Voter ID Card
- Any 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 archives and affirmed authorize the plan
- Most recent a half year’s financial balance proclamations
- Compensation slips of most recent 3 months demonstrating derivations and a duplicate of Form 16
- IT Returns or monetary records throughout the previous 2 years and calculation of payment confirmed by a CA throughout the previous 2 years
- Rental receipts or records demonstrating receipt of payment.
FAQs
✅What is the Plot loan interest rate in Bangiya Gramin Vikash Bank?
The Bangiya Gramin Vikash bank plot loan starts at 10.75%
✅ What is an Bangiya Gramin Vikash Bank Plot Loan?
Bangiya Gramin Vikash bank offers plot loans to both salaried and self-employed people if they have an Indian nationality, Bangiya Gramin Vikash bank plot loan can be used for buying any plot in India.
✅ How much processing fee is applicable to the Bangiya Gramin Vikash Bank Plot loan?
Minimum – Rs 1000 and Maximum – Rs 10,000 of the loan amount.
✅ What is the loan tenure of the Bangiya Gramin Vikash Bank Plot loan?
20 years is the loan time of the Bangiya Gramin Vikash Bank.
✅ How much EMI per Lakh can be fixed on Bangiya Gramin Vikash Bank Plot Loan?
EMI per Lakh for the Bangiya Gramin Vikash Bank plot loan is ₹ 649 for 30 years.
✅ How can I avail plot loan from Bangiya Gramin Vikash Bank?
As soon as you pass the eligibility criteria.
✅ How to Apply for a Bangiya Gramin Vikash Bank Plot loan?
Please visit the Bangiya Gramin Vikash Bank’s website to read the application procedure or you can just call at 9878981166.
✅ How to repay the Bangiya Gramin Vikash Bank plot loan earlier than the schedule?
Visit the Bangiya Gramin Vikash 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 Bangiya Gramin Vikash Bank + Plot Loan eligibility?
Refer to the table mentioned above.
✅ What is the Bangiya Gramin Vikash Bank Plot loan phone number?
You have to call at 9878981166.
✅ What is the Bangiya Gramin Vikash Bank plot loan interest rate for women?
For women, the Bangiya Gramin Vikash Bank plot loan rate of interest is 7.05% – 7.20%.
✅ What is the Bangiya Gramin Vikash Bank plot loan interest rates for salaried individuals?
Bangiya Gramin Vikash Bank plot loan interest rate for Salaried Individuals – 7.10% – 7.20%.
✅ What is the Bangiya Gramin Vikash Bank plot loan interest rates for self-employed individuals?
Bangiya Gramin Vikash Bank plot loan interest rate for Self-Employed – 7.10% – 7.20%.
✅ What is Bangiya Gramin Vikash Bank plot loan interest rates for self-employed non-professionals?
Bangiya Gramin Vikash 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.
