RBL Bank Plot Loan

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Turn your dream home into reality

Rates as low as 6.90%*
Loans Up to 15 Crore
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Hassle-free Disbursal
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RBL Bank Plot Loan Features

Interest Rate 7.00%
Tenure 15 years
Loan to Value up to 70%
Processing Fees up to 0.50% plus additional tax

Eligibility criteria for RBL Bank Plot Loan

  • Each resident can be individually or jointly / NRI / PIO, between the ages of 18 and 65, with an independent and regular source of income.
  • In addition to a partner, one close relative [Father, Mother, Spouse, Daughter, Son, Sister, Brother] can join as a co-applicant to increase reimbursement capacity.
  • Where the property to be held is held by close relatives, all their joint owners will join as applicants, regardless of their age and number.

Benefits of RBL Bank Plot Loan

RBL Bank plot loan

  • The Company’s Plot Loan Interest Rate starts from 7.00%.
  • RBL Bank charges an Upto 0.50% processing fee plus the additional tax.
  • Home loan loans range from 15 years.
  • Lowest EMI for plot loans from RBL Bank is ₹ 941 per lakh given the lowest interest rate of 7.00% over the longest loan period of 15 years.

Plot Loan

With RBL Bank Plot you can purchase a site in a specific allocation for a developer project or in the housing community,
you can buy a property by reselling it in a project by a development authority or a housing community,
the identified land plot must be within the city limits or outside the city limits and is not applicable for agricultural land.

1. Tenure

RBL Bank has lower tenure and here you continue to pay the same EMI and thus wrap your loan faster and earlier.

2. Prepayment Fine

RBL bank has nil charges for prepayment.

3. Loan to Value Ratio‭ (‬LTV‭)‬

RBL bank has an LTV or loan to value ration of 70%.

4. Tax Benefits

RBL bank provides a lot of benefits on taxes and secondary expenses while making plot loans possible.

Types of RBL Bank Plot Loan

RBL Bank Plot loan

The Plot Loan by RBL Bank is used for purchase of a plot.

RBL Bank Plot with Construction Loan

In this plot loan, the applicant has to start construction on the plot purchased with the loan amount else the bank charges extra interest on the loan.

RBL Bank plot loans for self-employed

Type of plot loans self-employed

TruFixed plot Loan – 2 Year Fixed Rate Vary

Is provided to the applicant with the intent to invest in a plot, with up to 70% LTV, both adjustable-rate and variable rate is offered for a period of 2 years. It is advised to contact the bank for more details.

Adjustable-rate loan

The interest rate changes every 6 months and so does the EMI and principal Amount.

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

RBL 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

RBL 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

RBL Bank Plot Loan Interest Rates For self-employed professionals

RBL 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

RBL 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

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

Requirements
Proof of Identity Aadhar Card, Driving License, etc.
Proof of address Aadhar Card, Telephone/ Mobile Bill
Financial proof – Personal assets and liabilities statement

– Proof of business addresses for non-salaried.

Other Documents – Copy of documents for the interested plot

RBL Bank Plot loan fees and charges for self-employed

Processing fee

Decided by RBL Bank according to the plot documents provided by the self-employed.

Prepayment charges

Adjustable-Rate Home Loans – No prepayment needed

– The customer will be required to submit documents that South Indian 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 Karnataka 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 South Indian 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

It is Rs 200.

Fees on Account of External opinion

Outside Opinion may be either from the technical value or from advocates and fees may be paid directly to the person concerned.

Property insurance

The customer should regularly pay the premium amount directly.

Statutory/regulatory charges

Stamp duty, MOD or MOE charges to be paid by applicant.

List of documents

It is Rs.500

Photocopy of documents

It is Rs.500

Increase/decrease in loan term

It is Rs.500

Disbursement Cheque cancellation charge post disbursement

It is Rs.200

Re-appraisal of loan

It is Rs.2000

PDC swap

It is  Rs.200

RBL Bank plot loans for salaried individuals

Who can apply RBL 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

Is provided to the applicant with the intent to invest in a plot, with up to 70% LTV, both adjustable-rate and variable rate is offered for a period of 2 years. It is advised to contact the bank for more details.

Adjustable-rate loan

The interest rate changes every 6 months and so does the EMI and principal Amount.

RBL 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

RBL Bank plot loan documents required for salaried individuals

Requirements
Proof of Identity Aadhar Card, Driving License, etc.
Proof of address Aadhar Card, Telephone/ Mobile Bill
Financial proof – ITR for the last 3 years.
– Bank Statements.
– Salary slips of last 1 year to 6 months.
Other Documents – Copy of documents for the interested plot

RBL Bank plot loan fees and charges for salaried individuals

Processing fees

Decided by RBL Bank according to the plot documents provided by the Salaried Individual.

Prepayment charges

Adjustable-Rate Home Loans – No prepayment needed

– The customer will be required to submit documents that South Indian 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 Karnataka 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 South Indian 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

It is Rs 200.

Fees on Account of External opinion

Outside Opinion may be either from the technical value or from advocates and fees may be paid directly to the person concerned.

Property insurance

The customer should regularly pay the premium amount directly.

Statutory/regulatory charges

Stamp duty, MOD or MOE charges to be paid by applicant.

List of documents

It is Rs.500

Photocopy of documents

It is Rs.500

Increase/decrease in loan term

It is  Rs.500

Disbursement Cheque cancellation charge post disbursement

It is Rs.200

Re-appraisal of loan

It is Rs.2000

PDC swap

It is Rs.200

How to apply for RBL Bank Plot Loan With DialAbank

  • Now RBL Bank Plot Loan can directly be applied from Dialabank easily.
  • Go to the website of Dialabank and fill the form.
  • You’ll get a call from Dialabank if any further processing and details are required.
  • That’s all!

Additional tips to get RBL Bank Plot Loan Easily

  • Maintain and have a good credit score.
  • Provide all the details and documents timely as asked by the bank.
  • Call Dialabank for help if needed.

RBL 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 Not there Not there
Loan to Value (LTV) up to 70% also depends on the bank 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 RBL Bank?

The RBL Bank plot loan starts at 7.00%.

 What is a RBL Bank Plot Loan?

With RBL Bank Plot you can purchase a site in a specific allocation for a developer project or in the housing community, you can buy a property by reselling it in a project by a development authority or a housing community, the identified land plot must be within the city limits or outside the city limits and is not applicable for agricultural land.

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

RBL Bank charges up to 0.50% of the loan amount.

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

The RBL Bank plot loan tenure can be 5 to 15 years.

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

The RBL Bank plot loan EMI per Lakh is ₹ 941.

 How can I avail plot loan from RBL Bank?

Only after passing the eligibility criteria, you will be able to avail RBL Bank plot loan. For further details please call – 9878981166.

 How to Apply for a RBL Bank Plot loan?

Go to the website of Dialabank or RBL Bank and proceed as advised.

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

Visit the RBL 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 RBL Bank plot loan.

 How to check RBL Bank + Plot Loan eligibility?

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

 What is the RBL Bank Plot loan phone number?

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

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

For women, the RBL Bank plot loan interest rate starts from 7.05%.

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

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

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

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

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

RBL Bank plot loan interest rate for Self-Employed Non-Professionals – 7.10%.

 How is a plot loan different from a home loan?

To name a few differences:

  • Tax Benefits – Tax benefits for RBL Bank Home loan owners are there but not for RBL Bank plot loan.
  • Loan to value – The LTV in RBL Bank plot loan is 70% not more than that, whereas in the case of home loans by RBL Bank it can be up to 90%.

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

No, multiple loans in RBL Bank.

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

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

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

Yes, RBL Bank plot loan can be used to Invest in a land anywhere in India.

 What is a Balance Transfer on Plot Loan?

Balance Transfer for RBL 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?

No tax benefits in RBL Bank plot loan.

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

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

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