Chaitanya Godavari Gramin Bank Plot Loan

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.

Turn your dream home into reality

Rates as low as 6.90%*
Loans Up to 15 Crore
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Chaitanya Godavari Gramin Bank Plot Loan Features

Interest Rate 8.50% p.a
Time Period Up to 10 – 15 years
Loan to Value Up to 80%
Processing Fees Up to 1% of the loan amount

Eligibility criteria for Chaitanya Godavari Gramin Bank Plot Loan

  • Age: The age of the applicant needs to be minimum 21 years and maximum it could be up to 65 years.
  • Income: The applicant should have an appropriate income.
  • Credit Score: The credit score has to be above 650. 

Benefits of Chaitanya Godavari Gramin Bank Plot Loan

  • Chaitanya Godavari Gramin Bank Plot Loan Chaitanya Godavari Gramin Bank provides an exclusive range of loans for different customers.
  • Interest rates are cutthroat and extravagant. 
  • Least documentation.
  • Provides Payment Options and Conditions to Borrowers.
  • Simple and quick approval and home loan disbursement.
  • Chaitanya Godavari Gramin Bank provides customer service anytime of the year.

Plot Loan

Chaitanya Godavari Gramin Bank plot loan is given to anyone who has a regular income, either by job or business and is an Indian residents.. Chaitanya Godavari Gramin Bank plot is used for buying the plots. 

1. Tenure

The Chaitanya Godavari Gramin Bank plot loan time period is 10 – 15 years.

2. Prepayment charge

Zero prepayment fee is charged by Chaitanya Godavari Gramin Bank for the single applicants.

3. Loan to Value Ratio‭ (‬LTV‭)‬

The LTV for Chaitanya Godavari Gramin Bank is 80%.

4. Tax Benefits

Chaitanya Godavari Gramin Bank has zero tax benefits.

Types of Chaitanya Godavari Gramin Bank Plot Loan

Chaitanya Godavari Gramin Bank Plot loan

It is provided by Chaitanya Godavari Gramin Bank for buying a plot as per the applicant’s pick.

Chaitanya Godavari Gramin Bank Plot with Construction Loan

Chaitanya Godavari Gramin Bank Plot with Construction Loan is no different from the plot loan by Chaitanya Godavari Gramin Bank but the person who takes loan for plot is also needs to start construction on the land post the purchase of the land.

Chaitanya Godavari Gramin Bank plot loans for self-employed

Type of plot loans self-employed

TruFixed plot Loan – 2 Year Fixed Rate Vary
In TruFixed plot Loan by Chaitanya Godavari Gramin Bank, 2 years at the beginning of the term is always is fixed-rate and later is turned into variable-rate.

Adjustable-rate loan
In adjustable-rate loan by Chaitanya Godavari Gramin Bank, EMI and  the principal loan amount both change after 6 months.

Chaitanya Godavari Gramin Bank Interest Rates For self-employed Non – Professionals

Chaitanya Godavari Gramin 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

Chaitanya Godavari Gramin Bank TruFixed Loan – 2 Year Fixed Rate Variant

Loan Plot Loan Interest Rate (%)
Women (up to 30 Lakhs) 7.50 to 8
Others (up to 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

Chaitanya Godavari Gramin Bank Plot Loan documents required for both self-employed Professionals and Non-Professionals

Requirements For Self Employed Individuals
Proof of Identity ID card, PAN Card, Passport
Proof of address Aadhar Card, Electricity/ Mobile Bill
Financial proof – ITR
– Business details, Profit and Loss statement from the business.
Other Documents – All the plot documents

Chaitanya Godavari Gramin Bank fees and charges for self-employed

Processing fee

Up to 1%.

Prepayment charges

Adjustable-Rate Home Loans – No prepayment needed

 

– The customer will be asked to provide documents that Chaitanya Godavari Gramin Bank finds 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 Chaitanya Godavari Gramin Bank finds proper and appropriate to determine the source of funding.
Fixed and Variable Rate Loans During the period of Fixed-Rate:
– The client must give documents approved by Chaitanya Godavari Gramin Bank to verify the source of the money through the repayment of the loan in advance.

 

During the Variable Rate:
– No prepayment will apply.
– The prepaid amount 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 ₹ 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 ₹ 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

Approximately ₹ 200.

Fees on Account of External opinion

Based upon the kind of help given, backers and charges might be paid straightforwardly to the individual concerned

Property insurance

The customer must be active throughout loan term during by paying the premium.

Statutory/regulatory charges

Stamp duty, mod or Moe to be paid by applicant respectively.

List of documents

Around ₹ 500

Photocopy of documents

Approximately ₹ 500

Increase/decrease in the loan term

Round about ₹ 500

Disbursement Cheque cancellation charge post disbursement

Around ₹ 200

Re-appraisal of loan

More or less ₹ 2000

PDC swap

Approximately ₹ 200

Chaitanya Godavari Gramin Bank for salaried individuals

Who can apply to Chaitanya Godavari Gramin Bank for salaried individuals?

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

Type of plot loans for salaried individuals

TruFixed plot Loan – 2 Year Fixed Rate Vary
In TruFixed plot Loan by Chaitanya Godavari Gramin Bank, 2 years at the beginning of the term is always is fixed-rate and later is turned into variable-rate.

Adjustable-rate loan
In this loan by Chaitanya Godavari Gramin Bank, EMI as well as the principal amount both change after 6 months.

Chaitanya Godavari Gramin Bank 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

Chaitanya Godavari Gramin Bank documents required for salaried individuals

Requirements For Salaried Individuals
Proof of Identity PAN Card, Passport
Proof of address Aadhar Card, Electricity/ Mobile Bill
Financial proof – Must have last 6-month salary slips
– Credit score
Other Documents – All the plot documents

Chaitanya Godavari Gramin Bank fees and charges for salaried individuals

Processing fees

Up to 1%.

Prepayment charges

Adjustable-Rate Home Loans – No prepayment needed

 

– The customer will be required to submit documents that  Bank considers 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 Chaitanya Godavari Gramin Bank thinks 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 Chaitanya Godavari Gramin 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 amount which needs to be prepaid displayed 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

Almost ₹ 200.

Fees on Account of External opinion

Subject to the type of support provided, advocates and charges may be paid directly to the person concerned

Property insurance

The customer should be active during the loan term by paying the premium.

Statutory/regulatory charges

Mod or Moe, and stamp duty needs to be paid by the applicant respectively.

List of documents

Almost ₹ 500

Photocopy of documents

More or less ₹ 500

Increase/decrease in loan term

Approximately ₹ 500

Disbursement Cheque cancellation charge post disbursement

At most ₹ 200

Re-appraisal of loan

Approximately be ₹2000

PDC swap

Probably ₹ 200

How to apply for Chaitanya Godavari Gramin Bank  Plot Loan With DialAbank

  • For Chaitanya Godavari Gramin Bank, Dialabank provides a smooth application process.
  • You can do this by guiding to the Dialabank website and proceed accordingly i.e. fill the form on the website and click submit.
  • For further details, you can give a call – 9878981144.

Additional tips to get Chaitanya Godavari Gramin Bank  Plot Loan Easily

  • Make sure you have a good history of loans and credits.
  • Please provide relevant and proper documents.
  • Be patient with the experts trying to help you.

Chaitanya Godavari Gramin Bank   Plot loan with Construction vs Home Loan

Parameters Plot Loan with Construction Regular Home Loan
Tenure ‬Up to 10-15‭ ‬years Up to 30 years
Prepayment fine Free Free
Loan to Value (LTV) up to 80% 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.

FAQ’s

What is the Plot loan interest rate in the Chaitanya Godavari Gramin Bank?

The Chaitanya Godavari Gramin Bank Plot loan interest rate starts at 8.50%.

 What is a Chaitanya Godavari Gramin Bank?

Chaitanya Godavari Gramin Bank plot loan is given to the salaried and self-employed people of Indian nationality, Chaitanya Godavari Gramin Bank plot loan is used for purchasing land or a plot in our country.

 How much processing fee is applicable to the Chaitanya Godavari Gramin Bank?

Chaitanya Godavari Gramin Bank charges up to 1%.

 What is the loan tenure of the Chaitanya Godavari Gramin Bank?

The Chaitanya Godavari Gramin Bank Plot Loan tenure be up to 10 – 15 years.

 How much EMI per Lakh can be fixed on Chaitanya Godavari Gramin Bank?

The Chaitanya Godavari Gramin Bank Plot Loan EMI per Lakh is ₹ 744.

 How can I avail plot loan from Chaitanya Godavari Gramin Bank?

You can avail of Chaitanya Godavari Gramin Bank after passing the eligibility criteria of the Chaitanya Godavari Gramin Bank.

 How to Apply for a Chaitanya Godavari Gramin Bank Plot Loan?

Please visit the website of Chaitanya Godavari Gramin Bank to understand the application process or you can just call Dialabank at 9878981166.

 How to repay the Chaitanya Godavari Gramin Bank earlier than the schedule?

Visit the Chaitanya Godavari Gramin Bank website and check if you are eligible for the earlier payment.

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

Yes, definitely possible with the Chaitanya Godavari Gramin Bank.

 How to check Chaitanya Godavari Gramin Bank + Plot Loan eligibility?

Please check the eligibility requirements mentioned on the Dialabank website or the website of the Chaitanya Godavari Gramin Bank.

 What is the Chaitanya Godavari Gramin Bank phone number?

For a Chaitanya Godavari Gramin Bank, you only have to call – 9878981166.

 What is the Chaitanya Godavari Gramin Bank Plot Loan interest rate for women?

For women, the Chaitanya Godavari Gramin Bank interest rate 7.05% – 7.20%.

 What is the Chaitanya Godavari Gramin Bank Plot Loan interest rates for salaried individuals?

Chaitanya Godavari Gramin Bank interest rate – 7.10% – 7.20%.

 What is the Chaitanya Godavari Gramin Bank Plot Loan interest rates for self-employed individuals?

Chaitanya Godavari Gramin Bank interest rate  – 7.10% – 7.20%.

 What are Chaitanya Godavari Gramin Bank’s interest rates for self-employed non-professionals?

Chaitanya Godavari Gramin Bank Plot Loan interest rate for Self-Employed Non-Professionals – 7.10% – 7.20%.

 How is a plot loan different from a home loan?

Few differences:

  • Tax benefits for Chaitanya Godavari Gramin Bank Home loan owners but no tax benefits for Chaitanya Godavari Gramin Bank.
  • Usually, the LTV in Chaitanya Godavari Gramin Bank plot loan is less i.e. up to 70% and Chaitanya Godavari Gramin Bank home loans can be 90%.

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

No, multiple loans are not allowed for Chaitanya Godavari Gramin Bank.

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

The maximum loan amount is determined by the Chaitanya Godavari Gramin Bank after checking your land documents.

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

Yes, a Chaitanya Godavari Gramin Bank Plot Loan can be used to purchase land anywhere in India.

 What is a Balance Transfer on Plot Loan?

Balance Transfer for Chaitanya Godavari Gramin Bank 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?

Chaitanya Godavari Gramin Bank Plot Loan has no tax benefits.

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

For Chaitanya Godavari Gramin Bank with Construction please check with the Chaitanya Godavari Gramin Bank by calling Dialabank at 9878981166.

Table of Contents

Menu