Baroda Rajasthan Kshetriya Gramin Bank Plot Loan

⋆ Interest Rate 9.99% ⋆

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      Baroda Rajasthan Kshetriya Gramin Bank Plot Loan Features

      Interest Rate 8.90%
      Plot Loan amount Up to INR 3 Crores
      Loan Tenure 15 Years
      Margin  24%
      Pre-payment Penalty Nil

      Eligibility Criteria for Baroda Rajasthan Kshetriya Gramin Bank Plot Loan

      • minimum 18 years of age
      • maximum 65 years of ageBaroda Rajasthan Kshetriya Gramin Bank Plot loan
      • Indian nationality
      • Both salaried and self-employed can apply for the plot loan
      • maximum of 3 crore can be taken as the loan amount

      Benefits of Baroda Rajasthan Kshetriya Gramin Bank Plot Loan

      Listed below are the benefits of Baroda Rajasthan Kshetriya Gramin Bank Plot loan.

      • The bank offers EMI as per the convenience of the borrower.
      • No long processing
      • Fast loan disbursement
      • Tax benefits on Construction

      Plot Loan

      A Plot loan is provided by the lender to buy a plot of land. The repayment is done by Equated Monthly Instalments (EMI), within a specified period of time. Plot loan for land purchase is availed for various purposes. With less processing fee and minimal documents required, a lot of borrowers take a plot loan to cater to their financial needs.

      1. Plot Loan Interest Rates

      The rate of interest for a plot loan and home loans are same.‭ ‬Certain banks offer higher rates for loan for land purchase as compared to home loans.‭ The higher the loan amount, the more will be the interest rate.

      2. Loan to Value Ratio‭ (‬LTV‭)‬

      Loan to value or LTV loan amount is the money a borrower gets against their property.‭ ‬LTV scales between‭ ‬75%‭ ‬to‭ ‬90%.

      3. Lower Tenure

      Land loans have a longer tenure of‭ ‬30‭ ‬years.‭

      4. Tax Benefits

      Home loans qualify for a tax rebate. But a plot loan alone cannot give any tax benefits.

      5. Prepayment Penalty

      Floating rate loans are free from the prepayment penalty. However, it is important for a borrower to read the loan agreement properly.

      Types of Plot Loan Baroda Rajasthan Kshetriya Gramin Bank Provides

      Plot Loan

      A plot loan will allow a borrower to purchase a plot of land or a vacant residential plot that can be used for constructing a house or any other investment purposes. This type of loan has no tax benefits. The property has to be within the municipal limits.

      Plot + Construction Loan

      This loan is taken to buy a residential plot to construct a house on along with the land. it within a given time. If the borrower fails to start the construction on time, the bank will increase the interest rate.

      Baroda Rajasthan Kshetriya Gramin Bank Plot Loan for Self-employed Individuals:

      Self-employed individuals enjoy various benefits.

      Who Can Apply for a Self-employed Baroda Rajasthan Kshetriya Gramin Bank Plot Loan

      LOAN AMOUNT MAXIMUM FUNDING
      Rs. 30 lakh – 75 lakh Up to 80% of the document cost or the market value, whichever is the lowest.
      Above Rs. 75 lakh Up to 75% of the document cost or the market value, whichever is the lowest.

      Types of Plot Loans for Self-employed Individuals

      Baroda Rajasthan Kshetriya Gramin Bank provides two types of plot loans

      1. Adjustable-Rate Loan- This type of plot loan is revised every six months with the interest rate depending on that. It is available at Retail Prime Lending Rate.
      2. TruFixed Home Loan- This type of loan provides both, one half of an adjustable-rate and the other half fixed rate. It changes after 2/3 years

      Baroda Rajasthan Kshetriya Gramin Bank Plot Loan Interest Rate for Self-employed Professionals

      Adjustable Plot Loan Rate

      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 Rate- 2/3 Year Fixed Rate Variant

      Loan Slab Home Loan Interest Rates (% p.a.)
      For Women* (up to 30 Lakhs) 7.50 to 8.0
      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

      Baroda Rajasthan Kshetriya Gramin Bank Plot Loan Interest Rate for self-Employed Non-professionals

      Adjustable Home Rate Loan

      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 8.00
      For Women* ( 75.01 Lakhs & Above) 7.55 to 8.05

      TruFixed Loan- 2/3 Year Fixed Rate Variant

      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

      Baroda Rajasthan Kshetriya Gramin Bank Documents Required for Self-employed

      Identity Proof PAN Card / Passport / Aadhar Card / Voter ID
      Residence Proof Driver’s License, Telephone Bill, Election or Ration Card
      Education Qualification Last qualifying degree
      Proof of Business Certificate or any other proof of business
      Tax Returns Last three years Income Tax Returns
      Bank Account Statements Last 1 year bank statements
      Other documents Processing fee cheque, photocopy of title documents of the property.

      Baroda Rajasthan Kshetriya Gramin Bank Plot Loan fees for Self-employed Individuals

      Processing Fees: 

      The processing fees is Rs. 2,500 – Rs. 5,000

      Pre-payment Charges

      Adjustable-Rate Home Loans
      • No prepayment charges
      • For loans sanctioned to individual borrowers with the firm, company, etc. as a co-applicant, prepayment charges are at 2% plus taxes.
      Fixed-Rate Home Loans
      • No prepayment charges
      • The customer should submit documents that the Bank asks for.
      • Prepayment charges will be 2% plus tax and charges of the outstanding amount
      Fixed and Variable Rate Loans Fixed and Variable Rate Loans (Combination rate)

      • During the Fixed Rate period:
        • The prepayment charges is 2%, with taxes and statutory charges along with it.
        • The customer must submit documents that the bank asks for, 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
          • For loans sanctioned to individual borrowers with the firm, company, etc. as co-applicants, Prepayment charges at 2% plus taxes and statutory charges are payable.

      Conversion Fees

      Name of the service Name of the charge/fee levied When payable Frequency
      Amount in rupees
      Switch to a lower rate in Variable Rate Loans
      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 50,000 rupees 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 50,000 rupees 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.

      Cheque Dishonour Charges

      The Cheque Dishonour Charges are up to 200 rupees.

      Fees on Account of External Opinion

      The external opinion is obtained from technical advocates whose fees is paid by the borrower.

      Property Insurance

      Borrowers have to pay for the insurance.

      Incidental Charges

      The incidental charges have to be paid by the borrower.

      Statutory / Regulatory Charges

      The customer has to pay for any charges 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 Loan Term

      Up to Rs. 500

      Disbursement Cheque Cancellation Charge Post Disbursement

      Up to Rs. 200

      Re-appraisal of Loan After 6 Months from Sanction

      Up to Rs. 2000 plus applicable charges.

      PDC Swap

      Up to Rs. 200

      Baroda Rajasthan Kshetriya Gramin Bank Plot Loan for Salaried Individuals

      All salaried individual can benefit from Kshetriya Gramin Bank Plot Loan.

      Who can apply for a Salaried Baroda Rajasthan Kshetriya Gramin Bank Plot Loan

      LOAN AMOUNT MAXIMUM FUNDING
       Rs. 30 lakh to Rs. 75 lakh. Up to 80% of the market value or cost of the property, whichever is lower.
      Above Rs. 75 lakh. Up to 75% of the market value or cost of the property, whichever is lower.

      Types of Plot Loans for Salaried Individuals

      1. Adjustable-Rate Loan: This is available at Retail Prime Lending Rate. It is regulated every six months.
      2. TrueFixed Home Loan- This is available at 2/3 Year Fixed Rate Variant. It provides one half of an adjustable-rate and other half of a fixed rate.

      Baroda Rajasthan Kshetriya Gramin Bank Plot Loan Interest Rate for Salaried Individuals

      Adjustable Plot Loan Rate

      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- 2/3 Year Fixed Rate Variant

      Loan Slab Home Loan Interest Rates (% p.a.)
      For Women* (up to 30 Lakhs) 7.50 to 8.0
      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

      Baroda Rajasthan Kshetriya Gramin Bank Plot Loan Documents For Salaried Individuals

      Identity proof Passport, PAN Card, Aadhar Card, Election Card
      Residence Proof Driving License, Telephone Bill, Ration Card, Election Card
      Education Qualification Last qualifying Degree
      Employment proof Last three months’ salary slips
      Bank Statements Last six months bank statements
      Others Processing fee cheque and photocopy of title documents

      Baroda Rajasthan Kshetriya Gramin Bank Plot Loan Fees for Salaried Individuals

      Processing Fees: 

      The processing fees come from Rs. 2,500- Rs. 5,000

      Pre-payment Charges:

      Adjustable-Rate Home Loans
      • No prepayment charges are levied
      • For loans sanctioned to individual borrowers with a co-applicant, prepayment charges are at 2% plus taxes.
      Fixed-Rate Home Loans
      • No prepayment charges will be applicable
      • Prepayment charges will be 2% plus tax and charges of the outstanding amount should be prepaid through any financial institution or a bank.
      Fixed and Variable Rate Loans Fixed and Variable Rate Loans (Combination rate)

      • During the Fixed Rate period:
        • The prepayment charges of 2%, plus applicable taxes and statutory charges 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 the Bank asks for, 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
        • For loans sanctioned to individual borrowers with the firm, company, etc. as co-applicants. Prepayment charges at 2% plus taxes and statutory charges are payable as prepaid

      Conversion Fees:

      Name of the service Name of the charge/fee levied When payable Frequency Amount in rupees
      Switch to a lower rate in Variable Rate Loans 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 50,000 rupees plus taxes whichever is lower.
      Switch 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 50,000 rupees plus taxes whichever is lower.
      Switch from Trufixed Fixed Rate to Variable Rate Loan Conversion fees On conversion Once 1.75% of the principal outstanding 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 difference on the principal outstanding 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.

      Cheque Dishonour Charges

      up to Rs. 200

      Fees on Account of External Opinion

      The external opinion is given by technical advocates whose fees borrower pays.

      Property Insurance

      Borrowers pay for the property insurance.

      Incidental Charges

      The incidental charges, used to cover the extra expenses paid by the defaulter.

      Statutory / Regulatory Charges

      The customer is supposed to pay for any charges that are 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 500 rupees.

      Increase/Decrease in Loan Term

      Up to Rs. 500

      Disbursement Cheque Cancellation Charge Post Disbursement

      Up to Rs. 200

      Re-appraisal of Loan After 6 Months from Sanction

      Up to Rs. 2000 and applicable tax.

      PDC Swap

      Up to Rs. 200

      How to apply for Baroda Rajasthan Kshetriya Gramin Bank Plot Loan with Dialabank

      1.You can conveniently apply for the ICICI Bank plot loan online at www.dialabank.com

      2. Just fill the form with appropriate details and the required documents

      3. Our Customer Representative will get in touch with you and help choose the best loan for you

      Additional tips to get Baroda Rajasthan Kshetriya Gramin Bank Plot Loan

      • Keep all the documents in hand
      • ITR should be available.
      • CIBIL score should be high

      ICICI Bank Plot loan with Construction vs Home Loan

      Parameters Land Loan with Construction Regular Home Loan
      Plot + Construction loan interest rates Rates are the same for a home loan, ‬but the plot + Construction Loan interest rates can be higher if you want the construction period to be longer than usual Interest rates are start from 6.75%
      LTV Up to‭ ‬70%‭ ‬of the property’s value Up to‭ ‬90%‭ ‬of the property’s value
      Tenure Up to‭ ‬15‭ ‬years Up to‭ ‬30‭ ‬years
      Tax Benefits The plot loan availed for construction and its benefits can be claimed post completion of the construction On principal amount under section‭ ‬80C and interest amount under section‭ ‬24‭(‬b)
      Prepayment Penalty Nil for individuals on floating rates Nil for individuals on floating rates

      FAQs

      What is the plot loan interest rate in Baroda Rajasthan Kshetriya Gramin Bank?

      The interest rate starts at 8.90%

      What is Baroda Rajasthan Kshetriya Gramin Bank Plot Loan?

      The Plot Loan is provided by the bank for a borrower to buy a piece of land. It is up to the borrower to do whatever they wish to do with theland.

      How much processing fee is applicable on Baroda Rajasthan Kshetriya Gramin Bank Plot Loan?

      The processing fees for Baroda Rajasthan Kshetriya Gramin Bank Plot loan is a minimum of 0.25%

      What is the loan tenure of the Baroda Rajasthan Kshetriya Gramin Bank Plot Loan?

      Up to 30 years

      How much EMI per lakh can be fixed on Baroda Rajasthan Kshetriya Gramin Bank Plot Loan?

      The EMI per lakh depends on the loan amount.

      How can I avail plot loan from Baroda Rajasthan Kshetriya Gramin Bank?

      The basic eligibility criteria needs to be fulfilled. You need to have proper documents to advocate the eligibility.

      How to apply for Baroda Rajasthan Kshetriya Gramin Bank Plot Loan?

      You can go to the nearest bank branch or contact Dialabank via our website or call.

      How to repay the Bank Plot Loan earlier than the schedule?

      Borrowers can do extra payments to prepay the loan.

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

      On the availability of enough funds, the borrower can pay back the loan earlier than schedule.

      How to check Baroda Rajasthan Kshetriya Gramin Bank Plot Loan eligibility?

      You can visiting the bank branch or the Bank website by contacting Dialabank.

      What is the Baroda Rajasthan Kshetriya Gramin Bank Plot Loan phone number?

      Baroda Rajasthan Kshetriya Gramin Bank Plot Loan enquiries can be made to Dialabank on 9878981144

      What is the Plot Loan interest rate for women?

      The Bank plot loan interest rate for women is 9.60%.

      What is Baroda Rajasthan Kshetriya Gramin Bank plot loan interest rates for salaried individuals?

      The Baroda Rajasthan Kshetriya Gramin Bank Plot loan interest rate for salaried individuals is 7.05% to 8.00%

      What is Baroda Rajasthan Kshetriya Gramin Bank plot loan interest rates for self-employed professionals?

      The Baroda Rajasthan Kshetriya Gramin Bank Plot Loan interest rates for self-employed professionals is 7.25% to 7.75%

      What is Baroda Rajasthan Kshetriya Gramin Bank plot loan interest rates for self-employed non-professionals?

      The Baroda Rajasthan Kshetriya Gramin Bank plot loan interest rates for self- employed non-professions is 7.25% to 7.75%

      How is a plot loan different from a home loan?

      An empty land is bought by the help of a plot loan. But a home loan is used to purchase an preexisting building or house.

      Can I take a plot loan with a home loan?

      Baroda Rajasthan Kshetriya Bank Plot Loan is not available along with a home Loan.

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

      up to 70% of the property value.

      Can a plot loan be taken on any plot, anywhere?

      A plot loan can help you buy a land within pre decided municipal limits.

      What is a Balance Transfer on Plot Loan?

      The Balance transfer on plot loan can be taken at an interest rate beginning from 6.75%.

      Do I get any tax benefits on a plot loan?

      Plot loan when combined with a construction loan can garner tax benefits.

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

      For a Plot construction loan, the borrower needs to begin construction on time.

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