DBS Bank Plot Loan

⋆ Interest Rate 9.99% ⋆

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      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
      Same Day Disbursal
      Doorstep Service
      Unbiased Experts Advice

      DBS Bank Plot Loan Features

      The Interest Rate 7.20% p.a
      Time Period Up to 20 years
      Loan to Value Up to 70% – 90%
      Processing Fees Up to 0.50% – 1% of the loan amount

      Eligibility criteria for DBS Bank Plot Loan

      • Age: Both paid and self-employed people can apply for a home loan from DBS bank. The minimum age of a potential borrower must be at least 21 years, and the minimum age for obtaining a home loan is 65 years.

      • Income: Low-income and self-employed people with normal income can apply for a home loan from DBS bank. The minimum income of a potential borrower should be Rs. 100,000. Alternatively, a paid person must have two years of work experience. A self-employed person should also have a two-year resilience in the business.

      • Documents: Important proof of applying for a bank loan include proof of identity, proof of residence, photograph of the potential borrower and proof of income. A self-employed person must provide proof of the existence of his or her business and proof of income as a bank statement.

      Benefits of DBS Bank Plot Loan

      DBS Bank plot loan

      • The amount of home loans provided by DBS is up to Rs. 5 crores and small Rs. 11 lakhs.

      • The Bank offers a flexible payment settlement of up to 20 years.

      • Plot loans are also provided to NRIs in selected countries.

      • The Loan-To-Value (LTV) rating provided by DBS is up to 80% of the property value.

      Plot Loan

      DBS Bank offers plot loans to both salaried and self-employed people having an Indian nationality, DBS Bank plot loan can be used for purchasing any land within India.

      1. Tenure

      The tenure for the DBS Bank plot loan can go as high as 20 years.

      2. Prepayment Fine

      A prepayment fee is not taken by DBS Bank for all the single applicants but for co-applicants, some charges may apply.

      3. Loan to Value Ratio‭ (‬LTV‭)‬

      The LTF can be up to 70% – 90%.

      4. Tax Benefits

      DBS Bank plot loan has no tax benefits.

      Types of DBS Bank  Plot Loan

      DBS Bank  Plot loan

      It is provided by DBS Bank to the applicant for investing in a land of the applicant’s choice.

      DBS Bank  Plot with Construction Loan

      This is similar to the earlier one but the applicant is also required to start construction on the land after the purchase.

      DBS 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 DBS Bank, the first 2 years of the term fixed-rate is provided but after that, it is turned into variable-rate.

      Adjustable-rate loan
      In this loan by DBS Bank, every 6 month the EMI and the principal amount changes.

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

      DBS 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

      DBS 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

      DBS Bank Plot Loan Interest Rates For self-employed professionals

      DBS 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

      DBS 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

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

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

      DBS Bank Plot loan fees and charges for self-employed

      Processing fee

      Up to 0.50% – 1%.

      Prepayment charges

      Adjustable-Rate Home Loans
      – No prepayment needed

      – The customer will be required to submit documents that DBS 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 City Union Bank 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 DBS 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

      Maximum Rs 200.

      Fees on Account of External opinion

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

      Property insurance

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

      Statutory/regulatory charges

      Stamp duty, mod or moe to be paid by borrower respectively.

      List of documents

      Maximum Rs.500

      Photocopy of documents

      Maximum Rs.500

      Increase/decrease in loan term

      Maximum Rs.500

      Disbursement Cheque cancellation charge post disbursement

      Maximum Rs.200

      Re-appraisal of loan

      Maximum Rs.2000

      PDC swap

      Maximum Rs.200

      DBS Bank plot loans for salaried individuals

      Who can apply DBS 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 by DBS Bank, the first 2 years of the term fixed-rate is provided but after that, it is turned into variable-rate.

      Adjustable-rate loan
      In this loan by DBS Bank, every 6 month the EMI and the principal amount changes.

      DBS 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

      DBS Bank plot loan 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

      DBS Bank plot loan fees and charges for salaried individuals

      Processing fees

      Up to 0.50% – 1%.

      Prepayment charges

      Adjustable-Rate Home Loans
      – No prepayment needed

      – The customer will be required to submit documents that DBS 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 DBS 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 DBS 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

      Maximum Rs 200.

      Fees on Account of External opinion

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

      Property insurance

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

      Statutory/regulatory charges

      Stamp duty, mod or moe to be paid by borrower respectively.

      List of documents

      Maximum Rs.500

      Photocopy of documents

      Maximum Rs.500

      Increase/decrease in loan term

      Maximum Rs.500

      Disbursement Cheque cancellation charge post disbursement

      Will be Rs.200

      Re-appraisal of loan

      Maximum be Rs.2000

      PDC swap

      Maximum be Rs.200

      How to apply for DBS Bank  Plot Loan With DialAbank

      • For DBS Bank Plot Loan, you can apply with Dialabank easily.
      • You only have to fill the form after visiting the website and then submit it.
      • For further details, our representative will call you.

      Additional tips to get DBS Bank  Plot Loan Easily

      • Make sure you have a good loan history before applying for the loan.
      • A good credit score helps immensely
      • Make sure you have the documents for the plot you are willing to purchase. 

      DBS 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.

      FAQ’s

       What is the Plot loan interest rate in the DBS Bank?

      The DBS Bank plot loan starts at 7.20%.

       What is a DBS Bank Plot Loan?

      DBS Bank offers plot loans to both salaried and self-employed people having an Indian nationality, DBS Bank plot loan can be used for purchasing any land within India.

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

      DBS Bank charges up to 0.50% – 1% of the loan amount.

       What is the loan tenure of the DBS Bank Plot loan?

      The DBS Bank plot loan tenure be up to 20 years.

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

      The DBS Bank plot loan EMI per Lakh is ₹ 981.

       How can I avail plot loan from DBS Bank?

      You can avail DBS Bank plot loan after passing the eligibility criteria of the DBS bank.

       How to Apply for a DBS Bank Plot loan?

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

       How to repay the DBS Bank plot loan earlier than the schedule?

      Visit the DBS 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 DBS Bank plot loan.

       How to check DBS Bank + Plot Loan eligibility?

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

       What is the DBS Bank Plot loan phone number?

      For a DBS Bank Plot loan, you only have to call – 9878981166.

       What is the DBS Bank plot loan interest rate for women?

      For women, the DBS Bank plot loan interest rate starts from 7.05% – 7.20%. 

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

      DBS Bank plot loan interest rate for Salaried Individuals – 7.10% – 7.20%.

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

       DBS Bank plot loan interest rate for Self-Employed – 7.10% – 7.20%.

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

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

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

      No, multiple loans are not allowed for DBS Bank.

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

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

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

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

       What is a Balance Transfer on Plot Loan?

      Balance Transfer for DBS 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?

      DBS Bank plot loan has no tax benefits.

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

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

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