Saptagiri Grameen Bank Plot Loan Features
| Interest Rate | 8.50% p.a |
| Time Period | Up to 10 – 15 years |
| Loan to Value | Up to 80% |
| Processing Fees | Up to 1% of the loan amount |
Eligibility criteria for Saptagiri Grameen Bank
- Age: The age of the applicant needs to be minimum 21 years and maximum it could be up to 65 years.
- Income: The applicant should have an appropriate income.
- Credit Score: The credit score has to be above 650.
Benefits of Saptagiri Grameen Bank
Saptagiri Grameen Bank provides an exclusive range of loans for different customers.- Interest rates are cutthroat and extravagant.
- Least documentation.
- Provides Payment Options and Conditions to Borrowers.
- Simple and quick approval and home loan disbursement.
- 24/7 customer care Saptagiri Grameen Bank provides customer service.
Plot Loan
Saptagiri Grameen Bank plot loan is given to the salaried and self-employed people of Indian residents. Saptagiri Grameen Bank plot loan can be used for buying the plots.
1. Tenure
The Saptagiri Grameen Bank plot loan goes up to 10 – 15 years.
2. Prepayment charge
Zero prepayment fee is charged by Saptagiri Grameen Bank for the single applicants.
3. Loan to Value Ratio (LTV)
The LTV for Saptagiri Grameen Bank is 80%.
4. Tax Benefits
Saptagiri Grameen Bank has zero tax benefits.
Types of Saptagiri Grameen Bank Plot Loan
Saptagiri Grameen Bank Plot loan
It is provided by Saptagiri Grameen Bank for buying a plot as per the applicant’s pick.
Saptagiri Grameen Bank Plot with Construction Loan
Saptagiri Grameen Bank Plot with Construction Loan is no different from the plot loan by Saptagiri Grameen Bank but the person who takes loan for plot is also needs to start construction on the land post the purchase of the land.
Saptagiri Grameen 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 Saptagiri Grameen Bank, 2 years at the beginning of the term is always is fixed-rate and later is turned into variable-rate.
Adjustable-rate loan
In adjustable-rate loan by Saptagiri Grameen Bank, EMI and the principal loan amount both change after 6 months.
Saptagiri Grameen Bank Interest Rates For self-employed Non – Professionals
Saptagiri Grameen 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 |
Saptagiri Grameen Bank TruFixed Loan – 2 Year Fixed Rate Variant
| Loan | Plot Loan Interest Rate (%) |
|---|---|
| Women (up to 30 Lakhs) | 7.50 to 8 |
| Others (up to 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 |
Saptagiri Grameen Bank documents required for both self-employed Professionals and Non-Professionals
| Requirements | For Self Employed Individuals |
| Proof of Identity | ID card, PAN Card, Passport |
| Proof of address | Aadhar Card, Electricity/ Mobile Bill |
| Financial proof | – ITR – Business details, Profit and Loss statement from the business. |
| Other Documents | – All the plot documents |
Saptagiri Grameen Bank fees and charges for self-employed
Processing fee
Up to 1%.
Prepayment charges
| Adjustable-Rate Home Loans | – No prepayment needed
– The customer will be asked to provide documents that Saptagiri Grameen Bank finds 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 Saptagiri Grameen Bank finds proper and appropriate to determine the source of funding. |
| Fixed and Variable Rate Loans | During the period of Fixed-Rate: – The client must give documents approved by Saptagiri Grameen Bank to verify the source of the money through the repayment of the loan in advance.
During the Variable Rate: |
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 ₹ 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 ₹ 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
Approximately ₹ 200.
Fees on Account of External opinion
Based upon the kind of help given, backers and charges might be paid straightforwardly to the individual concerned
Property insurance
The customer must be active throughout loan term during by paying the premium.
Statutory/regulatory charges
Stamp duty, mod or Moe to be paid by applicant respectively.
List of documents
Around ₹ 500
Photocopy of documents
Approximately ₹ 500
Increase/decrease in the loan term
Round about ₹ 500
Disbursement Cheque cancellation charge post disbursement
Around ₹ 200
Re-appraisal of loan
More or less ₹ 2000
PDC swap
Approximately ₹ 200
Saptagiri Grameen Bank for salaried individuals
Who can apply to Saptagiri Grameen Bank for salaried individuals?
| Loan | Maximum Amount(in %) |
|---|---|
| Up to ₹30 lakh | up to 80% |
| ₹ 30.01 lakh to ₹ 75 lakh | up to 80% |
| Over ₹ 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 Saptagiri Grameen Bank, 2 years at the beginning of the term is always is fixed-rate and later is turned into variable-rate.
Adjustable-rate loan
In this loan by Saptagiri Grameen Bank, EMI as well as the principal amount both change after 6 months.
Saptagiri Grameen Bank 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 |
Saptagiri Grameen Bank 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 |
Saptagiri Grameen Bank fees and charges for salaried individuals
Processing fees
Up to 1%.
Prepayment charges
| Adjustable-Rate Home Loans | – No prepayment needed
– The customer will be required to submit documents that Bank considers 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 Saptagiri Grameen Bank thinks 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 Saptagiri Grameen Bank to verify the source of the money during the repayment of the loan in advance.
During the Variable Rate: |
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
Almost ₹ 200.
Fees on Account of External opinion
Subject to the type of support provided, advocates and charges may be paid directly to the person concerned
Property insurance
The customer should be active during the loan term by paying the premium.
Statutory/regulatory charges
Mod or Moe, and stamp duty needs to be paid by the applicant respectively.
List of documents
Almost ₹ 500
Photocopy of documents
More or less ₹ 500
Increase/decrease in loan term
Approximately ₹ 500
Disbursement Cheque cancellation charge post disbursement
At most ₹ 200
Re-appraisal of loan
Approximately be ₹2000
PDC swap
Probably ₹ 200
How to apply for Saptagiri Grameen Bank Plot Loan With DialAbank
- For Saptagiri Grameen Bank, Dialabank provides a smooth application process.
- You can do this by guiding to the Dialabank website and proceed accordingly i.e. fill the form on the website and click submit.
- For further details, you can give a call – 9878981144.
Additional tips to get Saptagiri Grameen Bank Plot Loan Easily
- Make sure to have a good history of loans and credits.
- Please provide relevant and original documents.
- Please bear with the experts trying to help you.
Saptagiri Grameen Bank Plot loan with Construction vs Home Loan
| Parameters | Plot Loan with Construction | Regular Home Loan |
| Tenure | Up to 10-15 years | Up to 30 years |
| Prepayment fine | Free | Free |
| Loan to Value (LTV) | up to 80% | 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 Saptagiri Grameen Bank?
The Saptagiri Grameen Bank Plot loan interest rate starts at 8.50%.
✅ What is a Saptagiri Grameen Bank?
Saptagiri Grameen Bank plot loan is given to the salaried and self-employed people of Indian nationality, Saptagiri Grameen Bank plot loan is used for purchasing land or a plot in our country.
✅ How much processing fee is applicable to the Saptagiri Grameen Bank?
Saptagiri Grameen Bank charges up to 1%.
✅ What is the loan tenure of the Saptagiri Grameen Bank?
The Saptagiri Grameen Bank Plot Loan tenure be up to 10 – 15 years.
✅ How much EMI per Lakh can be fixed on Saptagiri Grameen Bank?
The Saptagiri Grameen Bank Plot Loan EMI per Lakh is ₹ 744.
✅ How can I avail plot loan from Saptagiri Grameen Bank?
You can avail of Saptagiri Grameen Bank after passing the eligibility criteria of the Saptagiri Grameen Bank.
✅ How to Apply for a Saptagiri Grameen Bank Plot Loan?
Please visit the website of Saptagiri Grameen Bank to understand the application process or you can just call Dialabank at 9878981166.
✅ How to repay the Saptagiri Grameen Bank PLot Loan earlier than the schedule?
Visit the Saptagiri Grameen 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 Saptagiri Grameen Bank.
✅ How to check Saptagiri Grameen Bank + Plot Loan eligibility?
Please check the eligibility requirements mentioned on the Dialabank website or the website of the Saptagiri Grameen Bank.
✅ What is the Saptagiri Grameen Bank phone number?
For a Saptagiri Grameen Bank, you only have to call – 9878981166.
✅ What is the Saptagiri Grameen Bank Plot Loan interest rate for women?
For women, the Saptagiri Grameen Bank interest rate 7.05% – 7.20%.
✅ What is the Saptagiri Grameen Bank Plot Loan interest rates for salaried individuals?
Saptagiri Grameen Bank Plot Loan interest rate – 7.10% – 7.20%.
✅ What is the Saptagiri Grameen Bank Plot Loan interest rates for self-employed individuals?
Saptagiri Grameen Bank Plot Loan interest rate – 7.10% – 7.20%.
✅ What are Saptagiri Grameen Bank’s interest rates for self-employed non-professionals?
Saptagiri Grameen 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 Saptagiri Grameen Bank Home loan owners but no tax benefits for Saptagiri Grameen Bank.
- Usually, the LTV in Saptagiri Grameen Bank plot loan is less i.e. up to 70% and Saptagiri Grameen Bank home loans can be 90%.
✅ Can I take a plot loan along with a home loan?
No, multiple loans are not allowed for Saptagiri Grameen Bank.
✅ What is the maximum amount that I can take as a loan?
The maximum loan amount is determined by the Saptagiri Grameen Bank after checking your land documents.
✅ Can a plot loan finance investment in any plot, anywhere?
Yes, a Saptagiri Grameen Bank Plot Loan can be used to purchase land anywhere in India.
✅ What is a Balance Transfer on Plot Loan?
Balance Transfer for Saptagiri Grameen Bank 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?
Saptagiri Grameen Bank Plot Loan has no tax benefits.
✅ How many years can I keep the plot of land before starting construction?
For Saptagiri Grameen Bank with Construction please check with the Saptagiri Grameen Bank by calling Dialabank at 9878981166.
