Prathama UP Gramin Bank plot loan features
| Repayment | Loan for carrying out repairs/renovation/alterations to the house/flat: Max.15 years inclusive of moratorium period, if any. |
| Loan for Others: Max. 30 years inclusive of the moratorium period, if any. | |
| The income of the spouse and earning children (whether married or unmarried) and of the joint owners can be added for determining the income for borrowers` repaying capacity. In such cases, they should be made co-borrower. | |
| Parents can also be made as co-borrower in cases where the property is in the single name of Son / Daughter or the joint name of Son and Daughter and also clubbing of their income be permitted for eligibility/repayment of the loan. | |
| Likely rental income, if the property is to be let out may also be added for determining the repaying capacity. | |
| Repayment Holiday/ Moratorium | For Construction/ Additions of House/ Flat: Till completion of construction (including additions) or 18 months, from the date of disbursement of the first installment of the loan, whichever is earlier. |
| For carrying out repairs/renovation/alterations to the house/ flat: Till completion of repairs/renovation/alterations or 6 months, from the date of disbursement of the first installment of the loan, whichever is earlier. | |
| For purchase of ready built House/ flat OR land/plot: Till the date of possession or 3 months from the date of advance, whichever is earlier. | |
| Rate Of Interest | 08.95% (Terms and Conditions Follows) |
| Processing Charges/ Upfront Fee | For Loan Amount up to Rs.300 lacs- 0.50% |
| of the loan amount, Maximum Rs. 20000/- | |
| For Loan amount above Rs. 300 lacs- Rs.50000/- | |
| Documentation Charges | Rs. 1350/- |
Eligibility for Prathama UP Gramin Bank plot loan
- Minimum of 18 yrs with regular income
- From an Income perspective 60 x Net monthly Income (18-45 yrs)
Prathama UP Gramin Bank plot Loan Benefits
- Lowest interest rate starting at 8.05%
- 0.35% is the processing charges
- Trouble-free documentation
Plot Loan
Prathama UP Gramin Bank offers plot loans to both salaried and self-employed people with Indian nationality.
1. Tenure
The time for the Prathama UP Gramin Bank plot loan is 30 years.
2. Prepayment Fine
A prepayment fee is a nil
3. Loan to Value Ratio (LTV)
LTF is 90%.
4. Tax Benefits
There are no tax benefits in the Prathama UP Gramin Bank plot loan.
Prathama UP Gramin 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. |
Prathama UP Gramin Bank plot loan for self-employed individuals
Salient Features
- Self-utilized people can apply for this credit.
- Purchase a plot that is at present limited.
- Purchasing a plot through a brief proposition in a covering society or a maker plan
- Move his/her sketchy propelling all out profited by another money-related connection
- Adjusted repayment decisions offered to the record holder subject to the credit entire, advance inhabitance, and speed of pay gave by the bank.
- Striking paces of interest possible on the plot advances to make it sensible for the up-and-comers.
- No unpretentious expenses are charged on the development.
Who can apply for a Prathama UP Gramin Bank plot loan self-employed?
Individuals can apply for this credit all alone or together. People for the plot advances should be the organized proprietors of the plot. Co-contender generally joins family people and need not be co-owners of the stuff.
Loan term
- The most incredible residency is 15 years.
- The development term relies on the repayment framework the competitor has decided for.
- The customer’s plan, age of the plot at the hour of the development prime of life, age of the customer at the hour of credit improvement additionally expect work in picking the advancement term.
Maximum loan amount
|
Loan Amount |
Maximum Funding |
|
Up to Rs.30 lakh |
80% of the property price* |
|
Rs.30.01 lakh to Rs.75 lakh |
80% of the property price* |
|
Over Rs.75 lakh |
75% of the property price* |
Type of Prathama UP Gramin Bank plot loans self-employed:
TruFixed Home Loan – 2/3 Year Fixed Rate Variant
Under the Tru Fixed Home Loan, the contender can benefit at a protected speed of up to 2/3 years, amounting to an entire 15-year advance period.
Adjustable-Rate Loan
The speed of interest in the development is refreshed as expected. Development in the speed of interest will achieve an upsurge to the EMI’s preferred position fragment which subsequently will diminish the focal portion.
Prathama UP Gramin Bank plot loan Interest Rates For self-employed professionals
Adjustable Home Rate Loan
The Retail Prime Lending Rate for autonomously utilized specialists is stuck at 16.20%
|
Loan Slab |
Home Loan Interest Rates (% p.a) |
|
For women* (up to 30 lakh) |
7.05 to 7.55 |
|
For others* (up to 30 lakh) |
7.10 to 7.60 |
|
For women* (above 30 lakh) |
7.30 to 7.80 |
|
For others* (above 30 lakh) |
7.35 to 7.85 |
|
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
|
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
The financing costs are material just for credits under the Adjustable-Rate Home Loan Scheme of the bank and can be overhauled at the hour of payment.
Tru Fixed Loan – 2 Year Fixed Rate Variant
The Retail Prime Lending Rate (RPLR) is stuck at 16.20%
|
Loan Slab |
Home Loan Interest Rates (% p.a) |
|
For women* (up to 30 lakh) |
7.05 to 7.55 |
|
For others* (up to 30 lakh) |
7.10 to 7.60 |
|
For women* (above 30 lakh) |
7.30 to 7.80 |
|
For others* (above 30 lakh) |
7.35 to 7.85 |
|
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
|
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
Prathama UP Gramin Bank plot loan interest rates for self-employed non-professionals
Adjustable-Rate Home Loan
The Retail Prime Lending Rate (RPLR) stays at 16.20%
|
Loan Slab |
Home Loan Interest Rates (% p.a) |
|
For women* (up to 30 lakh) |
7.05 to 7.55 |
|
For others* (up to 30 lakh) |
7.10 to 7.60 |
|
For women* (above 30 lakh) |
7.30 to 7.80 |
|
For others* (above 30 lakh) |
7.35 to 7.85 |
|
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
|
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
TruFixed Loan – 2 Year Fixed Rate Variant
The Retail Prime Lending Rate is stuck at 16.20%
|
Loan Slab |
Home Loan Interest Rates (% p.a) |
|
For women* (up to 30 lakh) |
7.05 to 7.55 |
|
For others* (up to 30 lakh) |
7.10 to 7.60 |
|
For women* (above 30 lakh) |
7.30 to 7.80 |
|
For others* (above 30 lakh) |
7.35 to 7.85 |
|
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
|
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
Prathama UP Gramin Bank plot loan documents required for self-employed
| Purpose | Documents |
| Proof of identity and residence (Any 1) | 1. Voter ID Card |
| 2. Valid Driving License | |
| 3. Aadhaar Card | |
| 4. Valid Passport | |
| Proof of income | 1. Income Tax Returns (ITR) along with computation of income for the previous three assessment years. |
| 2. Savings account statements of the individual and current account statements of the business entity for the last six months | |
| 3. Balance sheet and Profit and Loss account statements with schedules/annexures | |
| (Documents of both the individual and the business entity should be attested by a CA for points 2 and 3) | |
| Other documents | 1. Business profile |
| 2. Latest Form 26AS |
Prathama UP Gramin Bank plot loan charges for self-employed
Processing fees:
Out of whichever is higher someplace in the scope of Rs.3,000 and 0.50% of the development whole and other additional fitting commitment for autonomously utilized specialists. Out of whichever is higher between Rs.4,500 or up to 1.50% of the credit whole and another extra appropriate duty for freely utilized non-specialists.
Prepayment charges:
| Adjustable-Rate Home Loans (ARHL) | Adjustable-Rate Loans (ARHL): |
| · No prepayment charges will be payable on account of full/part payments for loans sanctioned to individual borrowers. | |
| · For loans sanctioned to individual borrowers with the firm, company, etc. as a co-applicant. Prepayment charges at 2% plus taxes, as may be applicable from time to time, of the amount being prepaid, are payable. | |
| · The customer will have to submit documents that Prathama UP Gramin Bank deems fit and proper to confirm the source of funds at the time of prepayment of the loan. | |
| Fixed-Rate Home Loans (FRHL) | Fixed-Rate Loans (FRHL) |
| · No prepayment charges will be applicable for part/full payments made from own sources i.e., sources other than a bank/NBFC/HFC or financial institutions | |
| · The customer should submit documents that Prathama UP Gramin Bank sees fit and proper to determine the source of funds. | |
| · Prepayment charges will be 2% plus taxes and statutory levies and charges of the outstanding amounts being so prepaid through any financial institution or any bank and will be applied to all full/ partial prepayments. | |
| Fixed and Variable Rate Loans (Combination rate) | Fixed and Variable Rate Loans (Combination rate) |
| · During the Fixed Rate period: | |
| · The prepayment charges will be 2%, plus applicable taxes and statutory charges and levies of the outstanding amount being so prepaid through refinance from financial institutions or any banks, and will apply to all partial/full prepayments. | |
| · The customer must submit documents that Prathama UP Gramin bank approves to confirm the source of funds at the time of prepayment of the loan. | |
| · During the Variable Rate period: | |
| · No prepayment charges will be applicable on account of full/partial prepayments for loan sanctioned to individual borrowers. | |
| · For loans sanctioned to individual borrowers with the firm, company, etc. as co-applicants. Prepayment charges at 2% plus taxes and statutory charges, as may be applicable from time to time, of the amount being prepaid are payable. | |
| The prepayment charges mentioned will apply to the date of execution of the loan agreement. However, the charges are subject to change from time to time depending on the prevailing policies of the Prathama UP Gramin bank plot loan. |
Conversion fees
| Name of the service/product | Name of the charge/fee levied | When payable | Frequency |
| Switch to a lower rate in Variable Rate Loans (Housing/improvement/extension) | Conversion fees | On conversion | On every spread change |
| Switching to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension) | Conversion fees | On conversion | Once |
| Switching from Trufixed Fixed Rate to Variable Rate Loan | Conversion fees | On conversion | Once |
| Switch to Lower Rate (Non-Housing Loans) | Conversion fees | On conversion | On every spread change |
| Switch to Lower Rate (Non-Housing Loans) | Conversion fees | On conversion | On every spread change |
Cheque dishonor charges
Rs.200
Fees on account of external opinion
The external opinion can be either from technical valuers or advocates and the fees can be paid directly to the concerned person depending on the kind of assistance rendered.
Property insurance:
The customer should regularly pay the premium amounts directly to the insurance provider to keep the policy active during the loan tenure.
Incidental charges:
Incidental charges and expenses are imposed to cover the charges, costs, and other expenses that may have been utilized to recover dues from a defaulting customer.
Statutory/regulatory charges
The customer will be solely responsible for all charges applicable on stamp duty/MOD/MOE/Central Registry of Securitization Asset Reconstruction and Security Interest of India
List of documents
Up to Rs.500
Photocopy of documents
Up to Rs.500
Increase/decrease in the loan term
Up to Rs.500 plus applicable loan term
Disbursement cheque cancellation charge post disbursement
Up to Rs.200
PDC swap
Up to Rs.200
Prathama UP Gramin Bank plot loan for salaried individuals
Salient Features
- Self-utilized people can apply for this credit.
- Purchase a plot that is at present limited.
- Purchasing a plot through a brief proposition in a covering society or a maker plan
- Move his/her sketchy propelling all out profited by another money-related connection
- Adjusted repayment decisions offered to the record holder subject to the credit entire, advance inhabitance, and speed of pay gave by the bank.
- Striking paces of interest possible on the plot advances to make it sensible for the up-and-comers.
- No unpretentious expenses are charged on the development.
Who can apply for a Prathama UP Gramin Bank plot loan for salaried individuals?
Individuals can apply for this credit all alone or together. People for the plot advances should be the organized proprietors of the plot. Co-contender generally joins family people and need not be co-owners of the stuff.
Loan term
- The most incredible residency is 15 years.
- The development term relies on the repayment framework the competitor has decided for.
- The customer’s plan, age of the plot at the hour of the development prime of life, age of the customer at the hour of credit improvement additionally expect work in picking the advancement term.
Maximum loan amount
|
Loan Amount |
Maximum Funding |
|
Up to Rs.30 lakh |
80% of the property price* |
|
Rs.30.01 lakh to Rs.75 lakh |
80% of the property price* |
|
Over Rs.75 lakh |
75% of the property price* |
Type of Prathama UP Gramin Bank plot loan for salaried individuals:
TruFixed Home Loan – 2/3 Year Fixed Rate Variant
Under the Tru Fixed Home Loan, the contender can benefit at a protected speed of up to 2/3 years, amounting to an entire 15-year advance period.
Adjustable-Rate Loan
The speed of interest in the improvement is revived true to form. Advancement in the speed of interest will accomplish an upsurge to the EMI’s favored position part which in this way will reduce the central segment.
Prathama UP Gramin Bank plot loan interest rates for salaried individuals
Adjustable Home Rate Loan
The Retail Prime Lending Rate is stuck at 16.20%.
|
Loan Slab |
Home Loan Interest Rates (% p.a) |
|
For women* (up to 30 lakh) |
7.05 to 7.55 |
|
For others* (up to 30 lakh) |
7.10 to 7.60 |
|
For women* (above 30 lakh) |
7.30 to 7.80 |
|
For others* (above 30 lakh) |
7.35 to 7.85 |
|
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
|
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
TruFixed Loan – 2 Year Fixed Rate Variant
The Retail Prime Lending Rate (RPLR) is stuck at 16.20%
|
Loan Slab |
Home Loan Interest Rates (% p.a) |
|
For women* (up to 30 lakh) |
7.05 to 7.55 |
|
For others* (up to 30 lakh) |
7.10 to 7.60 |
|
For women* (above 30 lakh) |
7.30 to 7.80 |
|
For others* (above 30 lakh) |
7.35 to 7.85 |
|
For Women* (75.01 Lakhs & Above) |
7.40 to 7.90 |
|
For Others*(75.01 Lakhs & Above) |
7.45 to 7.95 |
Prathama UP Gramin Bank plot loan documents required for salaried individuals
| Purpose | Documents |
| Proof of identity and residence (Any 1) | 1. Voter ID Card |
| 2. Valid Driving License | |
| 3. Aadhaar Card | |
| 4. Valid Passport | |
| Proof of income | 1. Income Tax Returns (ITR) along with computation of income for the previous three assessment years. |
| 2. Savings account statements of the individual and current account statements of the business entity for the last six months | |
| 3. Balance sheet and Profit and Loss account statements with schedules/annexures | |
| (Documents of both the individual and the business entity should be attested by a CA for points 2 and 3) | |
| Other documents | 1. Business profile |
| 2. Latest Form 26AS |
Prathama UP Gramin Bank plot loan charges for salaried individuals
Processing fees
Out of whichever is higher someplace in the scope of Rs.3,000 and 0.50% of the development whole and other additional fitting commitment for autonomously utilized specialists. Out of whichever is higher between Rs.4,500 or up to 1.50% of the credit whole and another extra appropriate duty for freely utilized non-specialists.
Prepayment charges
| Adjustable-Rate Home Loans (ARHL) | Adjustable-Rate Loans (ARHL): |
| · No prepayment charges will be payable on account of full/part payments for loans sanctioned to individual borrowers. | |
| · For loans sanctioned to individual borrowers with the firm, company, etc. as a co-applicant. Prepayment charges at 2% plus taxes, as may be applicable from time to time, of the amount being prepaid, are payable. | |
| · The customer will have to submit documents that Prathama UP Gramin Bank deems fit and proper to confirm the source of funds at the time of prepayment of the loan. | |
| Fixed-Rate Home Loans (FRHL) | Fixed-Rate Loans (FRHL) |
| · No prepayment charges will be applicable for part/full payments made from own sources i.e., sources other than a bank/NBFC/HFC or financial institutions | |
| · The customer should submit documents that Prathama UP Gramin Bank sees fit and proper to determine the source of funds. | |
| · Prepayment charges will be 2% plus taxes and statutory levies and charges of the outstanding amounts being so prepaid through any financial institution or any bank and will be applied to all full/ partial prepayments. | |
| Fixed and Variable Rate Loans (Combination rate) | Fixed and Variable Rate Loans (Combination rate) |
| · During the Fixed Rate period: | |
| · The prepayment charges will be 2%, plus applicable taxes and statutory charges and levies of the outstanding amount being so prepaid through refinance from financial institutions or any banks, and will apply to all partial/full prepayments. | |
| · The customer must submit documents that Prathama UP Gramin bank approves to confirm the source of funds at the time of prepayment of the loan. | |
| · During the Variable Rate period: | |
| · No prepayment charges will be applicable on account of full/partial prepayments for loan sanctioned to individual borrowers. | |
| · For loans sanctioned to individual borrowers with the firm, company, etc. as co-applicants. Prepayment charges at 2% plus taxes and statutory charges, as may be applicable from time to time, of the amount being prepaid are payable. | |
| The prepayment charges mentioned will apply to the date of execution of the loan agreement. However, the charges are subject to change from time to time depending on the prevailing policies of the Prathama UP Gramin bank plot loan. |
Conversion fees
Prathama UP Gramin bank plot loan charges conversion fees.
| Name of the service/product | Name of the charge/fee levied | When payable | Frequency |
| Switch to a lower rate in Variable Rate Loans (Housing/improvement/extension) | Conversion fees | On conversion | On every spread change |
| Switching to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension) | Conversion fees | On conversion | Once |
| Switching from Trufixed Fixed Rate to Variable Rate Loan | Conversion fees | On conversion | Once |
| Switch to Lower Rate (Non-Housing Loans) | Conversion fees | On conversion | On every spread change |
| Switch to Lower Rate (Non-Housing Loans) | Conversion fees | On conversion | On every spread change |
Cheque dishonor charges
Rs.200
Fees on account of external opinion
The external opinion can be either from technical valuers or advocates and the fees can be paid directly to the concerned person depending on the kind of assistance rendered.
Property insurance:
The customer should regularly pay the premium amounts directly to the insurance provider to keep the policy active during the loan tenure.
Incidental charges:
Incidental charges and expenses are imposed to cover the charges, costs, and other expenses that may have been utilized to recover dues from a defaulting customer.
Statutory/regulatory charges
The customer will be solely responsible for all charges applicable on stamp duty/MOD/MOE/Central Registry of Securitization Asset Reconstruction and Security Interest of India
List of documents
Up to Rs.500
Photocopy of documents
Up to Rs.500
Increase/decrease in the loan term
Up to Rs.500 plus applicable loan term
Disbursement cheque cancellation charge post disbursement
Up to Rs.200
PDC swap
Up to Rs.200
How to apply for Prathama UP Gramin Bank plot loan With Dialabank
- For Prathama UP Gramin Plot Loan, you can apply with Dialabank with no issue.
- You need to fill the structure with all the essential records.
- For extra subtleties, the bank’s delegate will call you if your application is upheld.
Additional tips to get Prathama UP Gramin Bank plot loan Easily
- A fantastic improvement in history would be a hint of space to breathe prior to applying for the credit.
- An unfathomable money related assessment would help in the fundamental backings of the credit.
- Suitable documentation is needed at the hour of guaranteeing
Documents Required to Apply for Prathama UP Gramin Bank plot loan
Apply with –
- Income Proof
- Identity and Address Proof
- Property details
FAQs
✅What is the Plot loan interest rate in Prathama UP Gramin Bank?
The Prathama UP Gramin bank plot loan starts at 8.95%.
✅ What is a Prathama UP Gramin Bank Plot Loan?
Prathama UP Gramin bank offers plot loans to both salaried and self-employed people if they have an Indian nationality, Prathama UP Gramin bank plot loan can be used for buying any plot in India.
✅ How much processing fee applies to the Prathama UP Gramin Bank Plot loan?
0.50% of the loan amount is the charge for the processing.
✅ What is the loan tenure of the Prathama UP Gramin Bank Plot loan?
20 years is the loan time of the Prathama UP Gramin Bank.
✅ How much EMI per Lakh can be fixed on Prathama UP Gramin Bank Plot Loan?
EMI per Lakh for the Prathama UP Gramin Bank plot loan is ₹ 649 for 30 years.
✅ How can I avail plot loan from Prathama UP Gramin Bank?
As soon as you pass the eligibility criteria.
✅ How to Apply for a Prathama UP Gramin Bank Plot loan?
Please visit the Prathama UP Gramin Bank’s website to read the application procedure or you can just call at 9878981166.
✅ How to repay the Prathama UP Gramin Bank plot loan earlier than the schedule?
Visit the Prathama UP Gramin Bank’s website for knowing how to repay the loan before the schedule.
✅ Is it possible to repay my loan earlier than the schedule?
It is possible.
✅ How to check Prathama UP Gramin Bank + Plot Loan eligibility?
Refer to the table mentioned above.
✅ What is the Prathama UP Gramin Bank Plot loan phone number?
You have to call at 9878981166.
✅ What is the Prathama UP Gramin Bank plot loan interest rate for women?
For women, the Prathama UP Gramin Bank plot loan rate of interest is 7.05% – 7.20%.
✅ What is the Prathama UP Gramin Bank plot loan interest rates for salaried individuals?
Prathama UP Gramin Bank plot loan interest rate for Salaried Individuals – 7.10% – 7.20%.
✅ What is the Prathama UP Gramin Bank plot loan interest rates for self-employed individuals?
Prathama UP Gramin Bank plot loan interest rate for Self-Employed – 7.10% – 7.20%.
✅ What is Prathama UP Gramin Bank plot loan interest rates for self-employed non-professionals?
Prathama UP Gramin Bank plot loan interest rate for Self-Employed Non-Professionals – 7.10% – 7.20%.
✅ How is a plot loan different from a home loan?
- Tax benefits availability for Home loan owners but not for plot loan.
- Usually, the LTV in plot loans is less up to 70% and home loans are 90%.
✅ Can I take a plot loan along with a home loan?
One loan at a time is better.
✅ What is the maximum amount that I can take as a loan?
The maximum loan amount is determined after checking your land documents.
✅ Can a plot loan finance investment in any plot, anywhere?
Yes, you can invest in any other plot.
✅ What is a Balance Transfer on Plot Loan?
Balance Transfer helps in lowering the 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.
✅ How many years can I keep the plot of land before starting construction?
3 years is the tenure.
