Catholic Syrian Bank Plot Loan

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Rates as low as 6.90%*
Loans Up to 15 Crore
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Catholic Syrian Bank  Plot Loan Features

Interest Rate 7.00%
Loan up to 75%
Processing Fees up to 0.50%
Penal Interest Rate Must contact the bank
Prepayment Charges Zero

Eligibility criteria for Catholic Syrian Bank  Plot Loan

Age –

  • From 21 years
  • Up to 65 years

Other criteria –

  • Nationality must be Indian
  • A good Credit Score

Benefits of Catholic Syrian Bank  Plot Loan

Catholic Syrian Bank plot loan
  • Can be found by Indians living and non-living (NRIs)
  • Grants can be obtained under Pradhan Mantri Awas Yojana (PMAY)
  • No prepayment or cancellation fee *
  • A period of up to 15 – 20 years
  • Attractive interest rates

Plot Loan

You can use a site loan or a site loan to buy land so that you can build on it in the future or maybe it can be your future investment to get a bigger sale on the site. A standard scheme loan can last up to 15 years but this can be extended by the bank if needed.

Another huge limitation of Catholic Syrian Bank Plot Loan is that in India the plot or land loans cannot be used to buy agricultural land.

1. Tenure

Plot loans are of 15 years and home loans can have last up to 30 years

2. Prepayment Fine

The loan prepayment penalty is exempted for Individual borrowers but can attract up to 4% charge in case of co-applicants for the plot loan.

3. Loan to Value Ratio‭ (‬LTV‭)‬

The LTV provided for the plot loan can go upto 70% -80% depending upon the plot docments you provide to the bank.

4. Tax Benefits

Plot Loans do not qualify for any tax benefits.

Types of Catholic Syrian Bank  Plot Loan

Catholic Syrian Bank  Plot loan

The Plot Loan by Catholic Syrian Bank can only be used to purchase land and land only.

Catholic Syrian Bank  Plot with Construction Loan

With this loan, a borrower promises to build or construct a home on the plot for which the bank is providing the loan, if not constructed within the mentioned period the bank can increase the interest rates on the loan amount.

Catholic Syrian Bank  plot loans for self-employed

Type of plot loans self-employed

TruFixed plot Loan – 2 Year Fixed Rate Vary
The loan gives customers a fixed-rate under the TruFixed plot Loan, the borrower can get a fixed-rate loan amount for 2 years, after which the loan will be converted into a variable rate loan, for the loan period of 15 years.

Adjustable rate loan
The Interest rate of this loan gets updated once every 3 months. Any increase in the interest rate will also increase the EMI.

Catholic Syrian Bank Plot Loan Interest Rates For self-employed Non – Professionals

Catholic Syrian Bank  Adjustable Home Plot Loan

Loan Plot Loan Interest Rate (%)
women (up to 30 lakh) 7.05 to 7.55
others (up to 30 lakh) 7.10 to 7.60
women (above 30 lakh) 7.30 to 7.80
others (above 30 lakh) 7.35 to 7.85
Women (75.01 Lakhs & Above) 7.40 to 7.90
Others (75.01 Lakhs & Above) 7.45 to 7.95

Catholic Syrian Bank  TruFixed Loan – 2 Year Fixed Rate Variant

Loan Plot Loan Interest Rate (%)
Women (upto 30 Lakhs) 7.50 to 8
Others (upto 30 Lakhs) 7.55 to 8.05
Women (Above 30 Lakhs) 7.65 to 8.15
Others (Above 30 Lakhs) 7.70 to 8.20
Women (75.01 Lakhs & Above) 7.75 to 8.25
Others (75.01 Lakhs & Above) 7.80 to 8.30

Catholic Syrian Bank Plot Loan Interest Rates For self-employed professionals

Catholic Syrian Bank  Adjustable Rate Plot Loan

Loan Plot Loan Interest Rates (% p.a.)
Women (upto 30 Lakhs) 7.20 to 7.70
Others (upto 30 Lakhs) 7.25 to 7.75
Women (Above 30 Lakhs) 7.45 to 7.95
Others (Above 30 Lakhs) 7.50 to 8
Women ( 75.01 Lakhs & Above) 7.55 to 8.05

Catholic Syrian Bank  TruFixed Loan – 2 Year Fixed Rate Variant

Loan Plot Loan Interest Rates (%)
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

Catholic Syrian Bank Plot Loan documents required for both self-employed Professionals and Non-Professionals

Requirements Self Employed Individuals
Identity proof Valid Id proof such as Aadhar card, passport, etc.
Address proof Valid Id proof such as Aadhar card, passport, etc., or Bills showing valid address such as electricity/ gas bill, etc.
Financial Details – Latest 3 years Income tax return statements with the bank statements
Other Documents Documents like Prior deeds, title deeds.

Catholic Syrian Bank Plot loan fees and charges for self-employed

Processing fee

For self-employed professionals it is Rs.3,000 & for Unprofessional self-employed it is Rs.4500 as per the bank

Prepayment charges

Adjustable-Rate Home Loans
– No prepayment needed

– The customer will be required to submit documents that South Indian Bank deems appropriate and appropriate to verify the source of the loan at the time of the payment.
Fixed-Rate Home Loans
– No advance payment is required for any partial/full payment made by your sources i.e, other banks or financial institutions
– The customer must submit documents that Catholic Syrian Bank deems appropriate and appropriate to determine the source of funding.
Fixed and Variable Rate Loans
During the period of Fixed-Rate:
– The client must submit documents approved by South Indian Bank to verify the source of the money during the repayment of the loan in advance.

During the Variable Rate:
– No prepayment will apply.
– The prepaid amount shown will apply on the date of the loan agreement.

The Conversion Fees

Name of the Service Name of the charge/fee levied When payable Frequency Amount
Switch to a lower rate in Variable Rate Loans Conversion fees On conversion On every spread change A cap of up to 50% of the original outstanding and the stipulated amount at the time of conversion or whichever is lower is Rs. 50,000,000 tax.
Switching to Variable Rate Loan from Fixed Rate Loan Conversion fees On conversion Once A cap of up to 50% of the original outstanding and the stipulated amount at the time of conversion or whichever is lower is Rs. 50,000,000 tax.
Switching from Trufixed Fixed Rate to Variable Rate Loan Conversion fees On conversion Once 1.75% original arrears and tax in excess of the undisputed amount at the time of conversion.
Switch to Lower Rate Conversion fees On conversion On every spread change Half of the spread difference on principal dues and unspecified amount plus taxes with a minimum fee of 0.5% and a maximum fee of 1.550%.
Switch to Lower Rate Conversion fees On conversion On every spread change 0.5% of tax in excess of the original outstanding and undisputed amount at the time of conversion.

Cheque dishonor charges

Charged Rs.200

Fees on Account of External opinion

Outside Opinion may be either from technical value or from advocates and fees may be paid directly to the person concerned, depending on the type of support provided

Property insurance

The customer should regularly pay the premium amount directly to the insurance provider so that he remains active during the loan term during the policy

Statutory/regulatory charges

The customer is responsible for all the charges applicable for MOD, MOE or CERSAI.

List of documents

Charged Rs.500

Photocopy of documents

Charged Rs.500

Increase/decrease in loan term

Charged Rs.500

Disbursement Cheque cancellation charge post disbursement

Charged to Rs.200

Re-appraisal of loan

Charged Rs.2000

PDC swap

Charged Rs.200

Catholic Syrian Bank plot loans for salaried individuals

Who can apply Catholic Syrian Bank plot loans for salaried individuals?

Loan Maximum Amount(in %)
Up to Rs.30 lakh up to 80%
Rs.30.01 lakh to Rs.75 lakh up to 80%
Over Rs.75 lakh up to 75%

Type of plot loans for salaried individuals

TruFixed plot Loan – 2 Year Fixed Rate Vary
The loan gives customers a fixed-rate under the TruFixed plot Loan, the borrower can get a fixed-rate loan amount for 2 years, after which the loan will be converted into a variable rate loan, for the loan period of 15 years.

Adjustable rate loan
The Interest rate of this loan gets updated once every 3 months. Any increase in the interest rate will also increase the EMI.

Catholic Syrian Bank plot loan interest rates for salaried individuals

Adjustable Home Rate Loan

Loan Loan Interest Rates (in %)
Women (Upto 30 Lakhs) 7.05 to 7.55
Others (Upto 30 Lakhs) 7.10 to 7.60
Women (Above 30 Lakhs) 7.30 to 7.80
Others (Above 30 Lakhs) 7.35 to 7.85
Women (75.01 Lakhs & Above) 7.40 to 7.90
Others (75.01 Lakhs & Above) 7.45 to 7.95

TruFixed Loan – 2 Year Fixed Rate Variant

Loan Loan Interest Rates (%)
For Women (upto 30 Lakhs) 7.50 to 8
For Others (upto 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

Catholic Syrian Bank plot loan documents required for salaried individuals

Requirements Self Employed Individuals
Identity proof Valid Id proof such as Aadhar card, passport, etc.
Address proof Valid Id proof such as Aadhar card, passport, etc., or Bills showing valid address such as electricity/ gas bill, etc.
Financial Details – Latest 3 years Income tax return statements with the bank statements
Other Documents Documents like Prior deeds, title deeds.

Catholic Syrian Bank plot loan fees and charges for salaried individuals

Processing fees

Salaried individuals can be charged up to Rs.3,000 or 0.50% as per the bank.

Prepayment charges

Adjustable-Rate Home Loans
– No prepayment needed

– The customer will be required to submit documents that South Indian Bank deems appropriate and appropriate to verify the source of the loan at the time of the payment.
Fixed-Rate Home Loans
– No advance payment is required for any partial/full payment made by your sources i.e, other banks or financial institutions
– The customer must submit documents that Catholic Syrian Bank deems appropriate and appropriate to determine the source of funding.
Fixed and Variable Rate Loans
During the period of Fixed-Rate:
– The client must submit documents approved by South Indian Bank to verify the source of the money during the repayment of the loan in advance.

During the Variable Rate:
– No prepayment will apply.
– The prepaid amount shown will apply on the date of the loan agreement.

Conversion fees

Name of the Service The charge levied When payable Frequency Amount (in Rs.)
Switch to lower rate in Variable Rate Loans Conversion fees On conversion On every spread change A cap of up to 50% of the original outstanding and the stipulated amount
Switching to Variable Rate Loan from Fixed Rate Loan Conversion fees On conversion Once A cap of up to 50% of the original outstanding and the stipulated amount
Switching from Trufixed Rate to Variable Rate Loan Conversion fees On conversion Once 1.75% original arrears and tax
Switching to Lower Rate Conversion fees On conversion On every spread change A min. fee of 0.5% and a max. fee of 1.550%.
Switching to Lower Rate Conversion fees On conversion On every spread change 0.5% of taxes

Cheque dishonor charges

Charged Rs.200

Fees on Account of External opinion

Outside Opinion may be either from technical value or from advocates and fees may be paid directly to the person concerned, depending on the type of support provided

Property insurance

The customer should regularly pay the premium amount directly to the insurance provider so that he remains active during the loan term during the policy

Statutory/regulatory charges

The customer is responsible for all the charges applicable for MOD, MOE or CERSAI.

List of documents

Charged Rs.500

Photocopy of documents

Charged Rs.500

Increase/decrease in loan term

Charged Rs.500

Disbursement Cheque cancellation charge post disbursement

Charged to Rs.200

Re-appraisal of loan after 6 months from sanction

Charged Rs.2000

PDC swap

Charged Rs.200

How to apply for Catholic Syrian Bank  Plot Loan With DialAbank

  • Now apply for the Catholic Syrian Bank Plot Loan directly from Dialabank easily.
  • Visit the website and fill in the form.
  • Call dialabank after filling the form, our expert will assist you with the further process.

Additional tips to get Catholic Syrian Bank  Plot Loan Easily

  • Always check the website of the bank and also dialabank for updates and news related to the plot loans.
  • Cal Dialabank at 9878981166 to get help if facing any issues.
  • Always provide the original documents when asked.

Catholic Syrian 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 Nil Nil
Loan to Value (LTV) 70% – 80% Up to‭ ‬90%‭
Plot with Construction Loan interest rates The rates are similar to a home loan but sometimes slightly higher. Start at 6.80%*
Tax Benefits Eligible after the construction of a home on the plot Home loan owners are eligible.

FAQ’s

 What is the Plot loan interest rate in the Catholic Syrian Bank?

The Catholic Syrian Bank plot loan starts at 7.00%.

 What is a Catholic Syrian Bank Plot Loan?

You can use a site loan or a site loan to buy land so that you can build on it in the future or maybe it can be your future investment to get a bigger sale on the site. A standard scheme loan can last up to 15 years but this can be extended by the bank if needed. Another huge limitation of Catholic Syrian Bank Plot Loan is that in India the plot or land loans cannot be used to buy agricultural land.

 How much processing fee is applicable to the Catholic Syrian Bank Plot loan?

Catholic Syrian Bank charges up to 1% of the loan amount.

 What is the loan tenure of the Catholic Syrian Bank Plot loan?

The Catholic Syrian Bank plot loan tenure is decided by the bank but is usually is up to 20 years.

 How much EMI per Lakh can be fixed on Catholic Syrian Bank Plot Loan?

The Catholic Syrian Bank plot loan EMI per Lakh is ₹ 851.

 How can I avail plot loan from Catholic Syrian Bank?

After passing the eligibility for plot loan by Catholic Syrian Bank you can avail of a plot loan from Catholic Syrian Bank.

 How to Apply for a Catholic Syrian Bank Plot loan?

Go to the website of Dialabank or Catholic Syrian Bank and proceed accordingly.

 How to repay the Catholic Syrian Bank plot loan earlier than the schedule?

Visit the Catholic Syrian Bank website and check if you are eligible for the earlier payment.

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

Yes, you can repay your loan earlier than the schedule for the Catholic Syrian Bank plot loan.

 How to check Catholic Syrian Bank + Plot Loan eligibility?

Please check the eligibility requirements mentioned on the Dialabank website or the website of the Catholic Syrian Bank.

 What is the Catholic Syrian Bank Plot loan phone number?

For Catholic Syrian Bank Plot loan, easily call – 9878981166.

 What is the Catholic Syrian Bank plot loan interest rate for women?

For women, the Catholic Syrian Bank plot loan interest rate starts from 7.00% – 7.05%. 

 What is the Catholic Syrian Bank plot loan interest rates for salaried individuals?

Salaried Individuals – 7.10%.

 What is the Catholic Syrian Bank plot loan interest rates for self-employed individuals?

 Self-Employed – 7.10%.

 What is Catholic Syrian Bank plot loan interest rates for self-employed non-professionals?

 Self-Employed Non-Professionals – 7.10%.

 How is a plot loan different from a home loan?

Some differences:

  • Tax benefits for Catholic Syrian Bank Home loan owners but Catholic Syrian Bank plot loans don’t have any tax benefits.
  • The LTV ratio in Catholic Syrian Bank plot loans is not much as compared to Catholic Syrian Bank home loans.

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

No, multiple loans are not allowed for Catholic Syrian Bank.

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

The maximum loan amount is determined by the Catholic Syrian Bank after checking your land documents.

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

Yes, a Catholic Syrian Bank plot loan can be used to purchase land anywhere in India.

 What is a Balance Transfer on Plot Loan?

Balance Transfer for Catholic Syrian Bank plot loan helps you lower your 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 in Catholic Syrian Bank plot loan.

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

For Catholic Syrian Bank plot loan with Construction please check with the Catholic Syrian Bank by calling Dialabank at 9878981166.

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