Jharkhand Rajya Gramin Bank Plot Loan

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Jharkhand Rajya Gramin Bank Plot Loan Features

The Interest Rate 7.05% p.a.
Time Period Up to 5 – 30 years
Loan to Value Up to 70%
Processing Fees Up to 1% – 2% of the loan amount

Eligibility criteria for Jharkhand Rajya Gramin Bank Plot Loan

 

  • Age: 21 to 58 years.
  • Permanent Government employees / Central Govt., Public Sector Undertakings, Corporations, Private Sector companies, and renowned institutions.
  • Remunerated / Self-employed with normal income
  • Number of years in the current job / business / sector: up to 3 years.

Benefits of Jharkhand Rajya Gramin Bank Plot Loan

Jharkhand Rajya Gramin Bank plot loan

  • High loan amount.
  • Many loan repayment options.
  • Quick and easy processing of personal loan applications.
  • Quick loan approval.
  • The guarantee is not enforced by the bank.
  • Attractive and competitive interest rate.
  • It offers special schemes and discounts for employees of large companies.
  • Generally, no security is required for obtaining a personal loan.

Plot Loan

Jharkhand Rajya Gramin Bank offers plot loans for both salaried and self-employed people, Plot loans from Jharkhand Rajya Gramin Bank can be used to invest in plots within India.

1. Tenure

The time period for the Jharkhand Rajya Gramin Bank Plot Loan will be 5 – 30 years.

2. Prepayment Fine

No pre-payment charge is taken by Jharkhand Rajya Gramin Bank for single applicants.

3. Loan to Value Ratio‭ (‬LTV‭)‬

The LTV provided by Jharkhand Rajya Gramin Bank is 70%.

4. Tax Benefits

For Jharkhand Rajya Gramin Bank Plot Loan there will be no tax benefits.

Types of Jharkhand Rajya Gramin Bank  Plot Loan

Jharkhand Rajya Gramin Bank  Plot loan

This Jharkhand Rajya Gramin Bank Plot Loan is provided to the applicants of Jharkhand Rajya Gramin Bank who need funds to purchase a plot.

Jharkhand Rajya Gramin Bank  Plot with Construction Loan

This type of loan is taken by applicants of Jharkhand Rajya Gramin Bank Plot Loan if they plan to purchase a plot and then construct a house over the plot.

Jharkhand Rajya 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 Jharkhand Rajya Gramin Bank,

  • Fixed-rate for 2 years in the beginning.
  • Later converted into an adjustable-rate by Jharkhand Rajya Gramin Bank.

Adjustable-rate Loan
After 6 months in this loan by Jharkhand Rajya Gramin Bank, the Principal rates and the EMI rates are changed.

Jharkhand Rajya Gramin Bank Plot Loan Interest Rates For self-employed Non – Professionals

Jharkhand Rajya 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

Jharkhand Rajya Gramin Bank  TruFixed Loan – 2 Year Fixed Rate Variant

Loan Plot Loan Interest Rate (%)
Women (upto 30 Lakhs) 7.50 to 8.00
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

Jharkhand Rajya Gramin Bank Plot Loan Interest Rates For self-employed professionals

Jharkhand Rajya Gramin Bank Adjustable Rate Plot Loan

Loan Plot Loan Interest Rates (%)
Women (upto 30 Lakhs) 7.05 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

Jharkhand Rajya Gramin 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

Jharkhand Rajya Gramin 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

Jharkhand Rajya Gramin Bank Plot Loan fees and charges for self-employed

Processing fee

Up to 1% – 2%.

Prepayment charges

Adjustable-Rate Home Loans
– No prepayment needed

– The customer will be required to submit documents that Jharkhand Rajya Gramin 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 Jharkhand Rajya Gramin 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 Jharkhand Rajya 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 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

As per Jharkhand Rajya Gramin Bank 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 the Jharkhand Rajya Gramin Bank Plot Loan term by paying the premium.

Statutory/regulatory charges

Stamp duty and MOD for Jharkhand Rajya Gramin Bank Plot Loan will be paid by the borrower.

List of documents

As per Jharkhand Rajya Gramin Bank Rs.500

Photocopy of documents

As per Jharkhand Rajya Gramin Bank Rs.500

Increase/decrease in loan term

As per Jharkhand Rajya Gramin Bank Rs.500

Disbursement Cheque cancellation charge post disbursement

As per Jharkhand Rajya Gramin Bank Rs.200

Re-appraisal of loan

As per Jharkhand Rajya Gramin Bank Rs.2000

PDC swap

As per Jharkhand Rajya Gramin Bank Rs.200

Jharkhand Rajya Gramin Bank Plot Loans for salaried individuals

Who can apply Jharkhand Rajya Gramin 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 Jharkhand Rajya Gramin Bank,

  • Fixed-rate for 2 years in the beginning.
  • Later converted into an adjustable-rate by Jharkhand Rajya Gramin Bank.

Adjustable-rate Loan
After 6 months in this loan by Jharkhand Rajya Gramin Bank, the Principal rates and the EMI rates are changed.

Jharkhand Rajya Gramin 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

Jharkhand Rajya Gramin 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

Jharkhand Rajya Gramin Bank Plot Loan fees and charges for salaried individuals

Processing fees

Up to 1% – 2%.

Prepayment charges

Adjustable-Rate Home Loans
– No prepayment needed

– The customer will be required to submit documents that Jharkhand Rajya Gramin 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 Jharkhand Rajya Gramin 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 Jharkhand Rajya 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 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

As per Jharkhand Rajya Gramin Bank 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 the Jharkhand Rajya Gramin Bank Plot Loan term by paying the premium.

Statutory/regulatory charges

Stamp duty and MOD for Jharkhand Rajya Gramin Bank Plot Loan will be paid by the borrower.

List of documents

As per Jharkhand Rajya Gramin Bank Rs.500

Photocopy of documents

As per Jharkhand Rajya Gramin Bank Rs.500

Increase/decrease in loan term

As per Jharkhand Rajya Gramin Bank Rs.500

Disbursement Cheque cancellation charge post disbursement

As per Jharkhand Rajya Gramin Bank Rs.200

Re-appraisal of loan

As per Jharkhand Rajya Gramin Bank Rs.2000

PDC swap

As per Jharkhand Rajya Gramin Bank Rs.200

How to apply for Jharkhand Rajya Gramin Bank Plot Loan With DialAbank

  • For applying for Jharkhand Rajya Gramin Bank Plot Loan with Dialabank.
  • Just go to the Dialabank Jharkhand Rajya Gramin Bank Plot Loan page and fill in the form with your details.
  • After processing our Dialabank expert will get in touch, so please submit your working phone number in the form.
  • If you wish to get in touch just call – 9878981144.

Additional tips to get Jharkhand Rajya Gramin Bank Plot Loan Easily

  • Understand Your Debt and Salary Rate – This is basically your credit limit compared to your monthly salary. Ideally, you should not spend more than 40-50% of your monthly income on EMI paid into your debt. Therefore, if it is very important to choose a loan amount that matches your income. Failure to do so may result in the refusal of the loan.

  • Submit Construction Plans – Submitting your building plans to the bank when applying for a mortgage loan will increase your chances of getting it approved. However, it should be noted that the loan amount will be disbursed once your construction steps have been completed.

Jharkhand Rajya Gramin Bank Plot loan with Construction vs Home Loan

Parameters Plot Loan with Construction Regular Home Loan
Tenure ‬Up to 20 ‬years Up to 30 years
Prepayment fine Free Free
Loan to Value (LTV) up to 70% 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 Jharkhand Rajya Gramin Bank?

The Jharkhand Rajya Gramin Bank Plot Loan starts at 7.05%.

 What is an Jharkhand Rajya Gramin Bank Plot Loan?

Jharkhand Rajya Gramin Bank offers plot loans for both salaried and self-employed people, Plot loans from Jharkhand Rajya Gramin Bank can be used to finance or invest in lands in India.

 How much processing fee is applicable to the Jharkhand Rajya Gramin Bank Plot Loan?

Jharkhand Rajya Gramin Bank charges up to 2% of the loan amount.

 What is the loan tenure of the Jharkhand Rajya Gramin Bank Plot Loan?

The Jharkhand Rajya Gramin Bank Plot Loan tenure be up to 5 – 30 years.

 How much EMI per Lakh can be fixed on Jharkhand Rajya Gramin Bank Plot Loan?

The Jharkhand Rajya Gramin Bank Plot Loan EMI per Lakh is ₹ 880.

 How can I avail plot loan from Jharkhand Rajya Gramin Bank?

You can avail Jharkhand Rajya Gramin Bank Plot Loan only after the eligibility criteria of the bank are passed by you.

 How to Apply for an Jharkhand Rajya Gramin Bank Plot Loan?

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

 How to repay the Jharkhand Rajya Gramin Bank Plot Loan earlier than the schedule?

Visit the Jharkhand Rajya 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, you can repay your loan earlier than the schedule for the Jharkhand Rajya Gramin Bank Plot Loan.

 How to check Jharkhand Rajya Gramin Bank + Plot Loan eligibility?

Please check the eligibility requirements mentioned on the Dialabank website or the website of the Jharkhand Rajya Gramin Bank.

 What is the Jharkhand Rajya Gramin Bank Plot Loan phone number?

For a Jharkhand Rajya Gramin Bank Plot Loan, you only have to call – 9878981166.

 What is the Jharkhand Rajya Gramin Bank Plot Loan interest rate for women?

For women, the Jharkhand Rajya Gramin Bank Plot Loan interest rate starts from 7.05% – 8.80%. 

 What is the Jharkhand Rajya Gramin Bank Plot Loan interest rates for salaried individuals?

Jharkhand Rajya Gramin Bank Plot Loan interest rate for Salaried Individuals – 7.10%.

 What is the Jharkhand Rajya Gramin Bank Plot Loan interest rates for self-employed individuals?

 Jharkhand Rajya Gramin Bank Plot Loan interest rate for Self-Employed – 7.10%.

 What is Jharkhand Rajya Gramin Bank Plot Loan interest rates for self-employed non-professionals?

Jharkhand Rajya Gramin Bank Plot Loan interest rate for Self-Employed Non-Professionals – 7.10%.

 How is a plot loan different from a home loan?

Few differences:

  • Tax benefits for Jharkhand Rajya Gramin Bank Home loan owners but no tax benefits for Jharkhand Rajya Gramin Bank Plot Loan.
  • Usually, the LTV in Jharkhand Rajya Gramin Bank Plot Loan is 70% and Jharkhand Rajya 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 Jharkhand Rajya Gramin Bank.

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

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

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

Yes, an Jharkhand Rajya Gramin Bank Plot Loan can be used to purchase land anywhere in India.

 What is a Balance Transfer on Plot Loan?

Balance Transfer for Jharkhand Rajya Gramin 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?

Not at the moment.

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

For Jharkhand Rajya Gramin Bank Plot Loan with Construction please check with the Jharkhand Rajya Gramin Bank by calling Dialabank at 9878981144.

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