Odisha Gramya 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

      Odisha Gramya Bank Plot Loan Features

      The Interest Rate 7.05% p.a.
      Time Period Up to 20 years
      Loan to Value Up to 70%
      Processing Fees Up to 2% of the loan amount

      Eligibility criteria for Odisha Gramya Bank Plot Loan

      Odisha Gramya Bank plot loan

      • The applicant for the plot loan must be an Indian citizen or a fully registered NRI. Basically, he has to be a Person from India.
      • The applicant’s age must be 18 years and a maximum of 70 years respectively.
      • The requester must be paid or self-employed by earning a standard fee.
      • The applicant’s income should be more.

      Benefits of Odisha Gramya Bank Plot Loan

       

      • Simple Eligibility criteria
        It is easy to get a loan from Odisha Gramya Bank as there are simple eligibility criteria and very few documents are required. Even if you do not have the official credentials for a loan such as the ITR, our local experts are trained to assess your salary to help you determine the number of loans you can afford. To increase your eligibility, you can also add a co-worker applicant, who could be your partner or a close family member.

      • Loan for all
        Our site loan helps both people earning as government employees and corporate professionals, as well as self-employed people such as doctors, lawyers, CAs, retailers, and small business owners. We are committed to financing your dream of building and owning a home.

      • Quick loan disbursement
        It can take as little as 72 hours for your loan to be repaid. This is because Odisha Gramya Bank has a team of legal and technical experts who will assist you. These experts can review your application on the spot and answer all your questions face-to-face, so you do not have to visit often.

      Plot Loan

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

      1. Tenure

      The time period for the Odisha Gramya Bank Plot Loan will be 20 years.

      2. Prepayment Fine

      No pre-payment charge is taken by Odisha Gramya Bank for single applicants.

      3. Loan to Value Ratio‭ (‬LTV‭)‬

      The LTV provided by Odisha Gramya Bank is 70%.

      4. Tax Benefits

      For Odisha Gramya Bank Plot Loan there will be no tax benefits.

      Types of Odisha Gramya Bank  Plot Loan

      Odisha Gramya Bank  Plot loan

      This Odisha Gramya Bank Plot Loan is provided to the applicants of Odisha Gramya Bank who need funds to purchase a plot.

      Odisha Gramya Bank  Plot with Construction Loan

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

      Odisha Gramya 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 Odisha Gramya Bank,

      • Beginning – For 2 years fixed-rate 
      • After the period converted into a variable-rate by Odisha Gramya Bank.

      Adjustable-rate Loan
      After every 6 months in this loan by Odisha Gramya Bank, the EMI and principal rates are changed.

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

      Odisha Gramya 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

      Odisha Gramya 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

      Odisha Gramya Bank Plot Loan Interest Rates For self-employed professionals

      Odisha Gramya 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

      Odisha Gramya 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

      Odisha Gramya 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

      Odisha Gramya Bank Plot Loan fees and charges for self-employed

      Processing fee

      Up to 2% will be charged.

      Prepayment charges

      Adjustable-Rate Home Loans
      – No prepayment needed

      – The customer will be required to submit documents that Odisha Gramya 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 Odisha Gramya 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 Odisha Gramya 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 Odisha Gramya 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 Odisha Gramya Bank Plot Loan term by paying the premium.

      Statutory/regulatory charges

      Stamp duty and MOD for Odisha Gramya Bank Plot Loan will be paid by the borrower.

      List of documents

      As per Odisha Gramya Bank Rs.500

      Photocopy of documents

      As per Odisha Gramya Bank Rs.500

      Increase/decrease in loan term

      As per Odisha Gramya Bank Rs.500

      Disbursement Cheque cancellation charge post disbursement

      As per Odisha Gramya Bank Rs.200

      Re-appraisal of loan

      As per Odisha Gramya Bank Rs.2000

      PDC swap

      As per Odisha Gramya Bank Rs.200

      Odisha Gramya Bank Plot Loans for salaried individuals

      Who can apply Odisha Gramya 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 Odisha Gramya Bank,

      • Beginning – For 2 years fixed-rate 
      • After the period converted into a variable-rate by Odisha Gramya Bank.

      Adjustable-rate Loan
      After every 6 months in this loan by Odisha Gramya Bank, the EMI and principal rates are changed.

      Odisha Gramya 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

      Odisha Gramya 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

      Odisha Gramya Bank Plot Loan fees and charges for salaried individuals

      Processing fees

      Up to 2% will be charged.

      Prepayment charges

      Adjustable-Rate Home Loans
      – No prepayment needed

      – The customer will be required to submit documents that Odisha Gramya 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 Odisha Gramya 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 Odisha Gramya 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 Odisha Gramya 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 Odisha Gramya Bank Plot Loan term by paying the premium.

      Statutory/regulatory charges

      Stamp duty and MOD for Odisha Gramya Bank Plot Loan will be paid by the borrower.

      List of documents

      As per Odisha Gramya Bank Rs.500

      Photocopy of documents

      As per Odisha Gramya Bank Rs.500

      Increase/decrease in loan term

      As per Odisha Gramya Bank Rs.500

      Disbursement Cheque cancellation charge post disbursement

      As per Odisha Gramya Bank Rs.200

      Re-appraisal of loan

      As per Odisha Gramya Bank Rs.2000

      PDC swap

      As per Odisha Gramya Bank Rs.200

      How to apply for Odisha Gramya Bank  Plot Loan With DialAbank

      • For applying for Odisha Gramya Bank Plot Loan with Dialabank.
      • You will be presented with an application form, just fill that and submit.
      • Our Dialabank expert will call you for further processing.
      • Call Dialabank at – 9878981144.

      Additional tips to get Odisha Gramya Bank  Plot Loan Easily

      • Do your research on the price of home goods, builder background, project approval, etc. Also, do your research on home loans – interest rate, processing costs, payment system, etc.

      • Don’t take too much credit before applying for a home loan.

      Odisha Gramya 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 Odisha Gramya Bank?

      The Odisha Gramya Bank Plot Loan starts at 7.05%.

       What is an Odisha Gramya Bank Plot Loan?

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

       How much processing fee is applicable to the Odisha Gramya Bank Plot Loan?

      Odisha Gramya Bank charges up to 2% of the loan amount.

       What is the loan tenure of the Odisha Gramya Bank Plot Loan?

      The Odisha Gramya Bank Plot Loan tenure be up to 20 years.

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

      The Odisha Gramya Bank Plot Loan EMI per Lakh is ₹ 890.

       How can I avail plot loan from Odisha Gramya Bank?

      You can avail Odisha Gramya Bank Plot Loan only after the eligibility criteria of the bank are passed by you.

       How to Apply for an Odisha Gramya Bank Plot Loan?

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

       How to repay the Odisha Gramya Bank Plot Loan earlier than the schedule?

      Visit the Odisha Gramya 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 Odisha Gramya Bank Plot Loan.

       How to check Odisha Gramya Bank + Plot Loan eligibility?

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

       What is the Odisha Gramya Bank Plot Loan phone number?

      For a Odisha Gramya Bank Plot Loan, you only have to call – 9878981166.

       What is the Odisha Gramya Bank Plot Loan interest rate for women?

      For women, the Odisha Gramya Bank Plot Loan interest rate starts from 7.05% – 8.80%. 

       What is the Odisha Gramya Bank Plot Loan interest rates for salaried individuals?

      Odisha Gramya Bank Plot Loan interest rate for Salaried Individuals – 7.10%.

       What is the Odisha Gramya Bank Plot Loan interest rates for self-employed individuals?

       Odisha Gramya Bank Plot Loan interest rate for Self-Employed – 7.10%.

       What is Odisha Gramya Bank Plot Loan interest rates for self-employed non-professionals?

      Odisha Gramya 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 Odisha Gramya Bank Home loan owners but no tax benefits for Odisha Gramya Bank Plot Loan.
      • Usually, the LTV in Odisha Gramya Bank Plot Loan is 70% and Odisha Gramya Bank home loans can be 90%.

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

      No, multiple loans are not allowed for Odisha Gramya Bank.

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

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

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

      Yes, an Odisha Gramya Bank Plot Loan can be used to purchase land anywhere in India.

       What is a Balance Transfer on Plot Loan?

      Balance Transfer for Odisha Gramya 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 Odisha Gramya Bank Plot Loan with Construction please check with the Odisha Gramya Bank by calling Dialabank at 9878981144.

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