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
-
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.
