Capital Small Finance Bank Plot Loan

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Capital Small Finance Bank Plot Loan Features

The Interest Rate 7.00%
Prepayment Charges As decided by the bank during the documentation process
Loan to Value up to 70% – 80%
Processing Fees 0.50% + GST and can go up to Rs 10,000 only

Eligibility criteria for Capital Small Finance Bank Plot Loan

  • The applicant must be an Indian citizen or a fully registered NRI. Basically, he/she has to be a Person from India (PIO).
  • The applicant’s age must be 18 years and 70 years at the time of the maturity of the loan.
  • The requester must be paid or earn an income in respect of normal income.
  • The applicant must earn more than the required income.

Benefits of Capital Small Finance Bank Plot Loan

Capital Small Finance Bank plot loan
  • Capital Small Finance Bank offers a wide range of plot loan strategies tailored to the diverse needs of clients.
  • Interest rates are very competitive and expensive.
  • Provides Payment Options and Conditions to Borrowers.
  • Easy and quick approval and home loan disbursement.
  • It has a dedicated team of experienced staff and offers personalized services.
  • The 24/7 customer service of Capital Small Finance Bank provides customer service on time.

Plot Loan

A real estate loan is a separate institution offered by many banks and non-bank financial companies to allow a person to make his or her dream home. It allows a person to buy land on which to build their homes. It makes your dreams come true.

Plot loans or land loans also known as site loans are often confused with home loans. While the two are really similar, there is a certain difference and one should definitely understand.

1. Tenure

Plot or Land loans have a 15-year term while a home loan from Capital Finance Bank has a 30-year term.

2. Prepayment Fine

There are no penalties for floating interest rates, but there is a 2-4% penalty for co-applicants, i.e. more than one borrower for the plot.

3. Loan to Value Ratio‭ (‬LTV‭)‬

Loan to Value Ratio is money that a borrower has to pay for his/her property. LTV is less on real estate than on home loans.

4. Tax Benefits

No tax benefits on plot loans are provided but with a home loan, one can enjoy tax benefits.

Types of Capital Small Finance Bank Plot Loan

Capital Small Finance Bank Plot loan

The Plot Loan by Capital Small Finance Bank must be used specifically to purchase land or plot only in which the borrower is interested.

Capital Small Finance Bank Plot with Construction Loan

In this loan one can use the loan amoun to purchase a land or plot but after the purchase the borrower must construct a home or resident over the plot within the given period if not constructed, the bank can increase the interest rate on the loan amount provided.

Capital Small Finance Bank plot loans for self-employed

Type of plot loans self-employed

TruFixed plot Loan – 2 Year Fixed Rate Vary
In TruFixed plot Loan, the self-employed borrower will get a fixed-rate loan amount for 2 years, after the completion of 2 years it will be automatically converted into a variable rate loan, up to the period specified by the bank.

Adjustable-rate loan
In this type of loan, the interest changes every 6 to 3 months which in turn increases the EMI and also reduces the principal rate.

Capital Small Finance Bank Plot Loan Interest Rates For self-employed Non – Professionals

Capital Small Finance 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

Capital Small Finance 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

Capital Small Finance Bank Plot Loan Interest Rates For self-employed professionals

Capital Small Finance Bank Adjustable Rate Plot Loan

Loan Plot Loan Interest Rates (%)
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

Capital Small Finance 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

Capital Small Finance Bank Plot Loan documents required for both self-employed Professionals and Non-Professionals

Requirements Self Employed Individuals
Proof of Identity A Valid Aadhar Card, PAN Card, Passport, Driving License, etc. (Any 1)
Proof of address A Valid Aadhar Card, Electricity/ Telephone/ Post-Paid Mobile Bill (Any 1)
Financial proof – Income Tax Returns (ITR) for the last 3 years
– Business details i.e. balance sheets. P/L statements. (If the applicant has a business)
– Bank Statements for the last 1 year
Other Documents – Copies of the plot title documents
– Cost estimate given by the Architect (In case of Plot with a construction loan)

Capital Small Finance Bank Plot loan fees and charges for self-employed

Processing fee

For self-employed professionals and Unprofessional self-employed the bank decides the processing fee during the process of documentation.

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 Capital small finance 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

will be 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 to remain active throughout loan term during the policy

Statutory/regulatory charges

The customer will be fully responsible for all charges applicable to stamp duty, mod or moe.

List of documents

will be charged Rs.500

Photocopy of documents

will be charged Rs.500

Increase/decrease in loan term

will be charged Rs.500

Disbursement Cheque cancellation charge post disbursement

will be charged Rs.200

Re-appraisal of loan

will be charged Rs.2000

PDC swap

will be charged Rs.200

Capital Small Finance Bank plot loans for salaried individuals

Who can apply Capital Small Finance 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
In TruFixed plot Loan, the self-employed borrower will get a fixed-rate loan amount for 2 years, after the completion of 2 years it will be automatically converted into a variable rate loan, up to the period specified by the bank.

Adjustable-rate loan
In this type of loan, the interest changes every 6 to 3 months which in turn increases the EMI and also reduces the principal rate.

Capital Small Finance 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

Capital Small Finance Bank plot loan documents required for salaried individuals

Requirements Salaried Individuals
Proof of Identity A Valid Aadhar Card, PAN Card, Passport, Driving License, etc. (Any 1)
Proof of address A Valid Aadhar Card, Electricity/ Telephone/ Post-Paid Mobile Bill (Any 1)
Financial proof – Income Tax Returns (ITR) for the last 3 years
– Bank Statements for the last 1 year
Other Documents – Copies of the plot title documents

Capital Small Finance Bank plot loan fees and charges for salaried individuals

Processing fees

For salaried individuals the bank decides the processing fee during the process of documentation.

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 Capital small finance 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

will be 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 to remain active throughout loan term during the policy

Statutory/regulatory charges

The customer will be fully responsible for all charges applicable to stamp duty, mod or moe.

List of documents

will be charged Rs.500

Photocopy of documents

will be charged Rs.500

Increase/decrease in loan term

will be charged Rs.500

Disbursement Cheque cancellation charge post disbursement

will be charged Rs.200

Re-appraisal of loan

will be charged Rs.2000

PDC swap

will be charged Rs.200

How to apply for Capital Small Finance Bank Plot Loan With DialAbank

  • You can apply for the Capital Small Finance Bank Plot Loan directly from Dialabank easily.
  • Visit the Dialabank website and proceed with filling the form on the screen.
  • After submitting the form we’ll contact you within a period of 3-4 hours.
  • Call Dialabank if any further help is required.

Additional tips to get Capital Small Finance Bank Plot Loan Easily

  • Always produce high-quality documents.
  • Never lie to the bank.
  • Don’t hesitate to ask if facing any issue.

Capital Small Finance 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 Not there Not there
Loan to Value (LTV) can be 70% – 80% depends upon the plot documents provided to the bank mostly ‬90%‭ of the value of the property decided
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 Capital Small Finance Bank?

The Capital Small Finance Bank plot loan starts at 7.00%.

 What is a Capital Small Finance Bank Plot Loan?

A real estate loan is a separate institution offered by many banks and non-bank financial companies to allow a person to make his or her dream home. It allows a person to buy land on which to build their homes. It makes your dreams come true. Plot loans or land loans also known as site loans are often confused with home loans. While the two are really similar, there is a certain difference and one should definitely understand.

 How much processing fee is applicable to the Capital Small Finance Bank Plot loan?

Capital Small Finance Bank charges a processing fee is 0.50% + GST and can go up to Rs 10,000 only.

 What is the loan tenure of the Capital Small Finance Bank Plot loan?

The Capital Small Finance Bank plot loan tenure is decided by the bank during the documentation process.

 How much EMI per Lakh can be fixed on Capital Small Finance Bank Plot Loan?

The Capital Small Finance Bank plot loan EMI per Lakh is ₹ 874.

 How can I avail plot loan from Capital Small Finance Bank Bank?

After passing the eligibility for plot loan by Capital Small Finance Bank you can avail of a plot loan from Capital Small Finance Bank.

 How to Apply for Capital Small Finance Bank Plot loan?

Go to the website of Dialabank or Capital Small Finance Bank and proceed accordingly.

 How to repay the Capital Small Finance Bank plot loan earlier than the schedule?

Visit the Capital Small Finance 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 Capital Small Finance Bank plot loan.

 How to check Capital Small Finance Bank + Plot Loan eligibility?

Please check the eligibility requirements mentioned on the Dialabank website or the website of the Capital Small Finance Bank.

 What is the Capital Small Finance Bank Plot loan phone number?

For Capital Small Finance Bank Plot loan, easily call – 9878981166.

 What is Capital Small Finance Bank plot loan interest rate for women?

For women, the Capital Small Finance Bank plot loan interest rate starts from 7.00% – 7.05%. 

 What is Capital Small Finance Bank plot loan interest rates for salaried individuals?

At Capital Small Finance Bank 7.10% is for Salaried Individuals.

 What is Capital Small Finance Bank plot loan interest rates for self-employed individuals?

 At Capital Small Finance Bank 7.10% is for Self-Employed.

 What is Capital Small Finance Bank plot loan interest rates for self-employed non-professionals?

 7.10% is the interest rate for Capital Small Finance Bank plot loan for Self-Employed Non-Professionals.

 How is a plot loan different from a home loan?

Main difference:

  • Tax benefits for Capital Small Finance Bank Home loan owners but Capital Small Finance Bank plot loans don’t have any tax benefits.
  • The LTV ratio in Capital Small Finance Bank plot loans is less than compared to Capital Small Finance Bank home loans.

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

No, multiple loans are not allowed for Capital Small Finance Bank.

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

The maximum loan amount is determined by Capital Small Finance Bank after checking your land documents.

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

Yes, a Capital Small Finance Bank plot loan can be used to purchase plot anywhere within the country.

 What is a Balance Transfer on Plot Loan?

Balance Transfer for Capital Small Finance 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 Capital Small Finance Bank plot loan.

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

For Capital Small Finance Bank plot loan with Construction please visit the nearest branch of Capital Small Finance Bank or just call Dialabank at 9878981166 for assistance regarding the same.

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