Saurashtra Gramin Bank plot loan

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Saurashtra Gramin Bank Plot loan Features

Floating Rate Up to 20 Lac Above 20 Lac Up to 20 Lac Above 20 Lac
Repayment up to 5 years 10.50% 10.75% 10.50% 10.75%
Repayment above 5 years & up to 15 years 11.00% 11.00% 11.00% 11.00%
Repayment above 15 years & up to 20 years 11.00% 11.00% 11.00% 11.00%
Repayment up to 25 years 10.00% 10.00% 10.00% 10.00%
Home Loan Top Up Card Rate of Housing Loan given + 2% Card Rate of Housing Loan given + 2% Card Rate of Housing Loan given + 2% Card Rate of Housing Loan given + 2%
Special Home Loan Top Up Card Rate of Housing Loan given + 1% Card Rate of Housing Loan given + 1% Card Rate of Housing Loan given + 1% Card Rate of Housing Loan given + 1%

Eligibility for the Saurashtra Garima Bank plot Loan

  • Individual with autonomous and guaranteed net month to month pay (NMI) of Rs. 5000/ – and age is more than 21 to 70 years.
  • Agriculturist having 7 sections of land with Net Annual Income (NAI) of Rs. 60,000/ – and age is more than 21 to 70 years.
  • The base for NAI is a year ago’s a net benefit from Agricultural activity.

Pace of Intrest

Loan fees start from 8.80% based on CIBIL Report score, LTV Ratio and profile of the borrower.

Reimbursement Period

  • For candidates as long as 45 years old: Maximum of 25 years (comprehensive of ban period, assuming any).
  • For candidates more than 45 years old: Maximum of 15 years (comprehensive of ban period, assuming any).

Proposition Processing Charge

At present it is 0.50 % of the credit sum. At the point when borrowers demand on a fundamental level endorsement after receipt of an application and preparing charge, it should be given.

Edge

For the acquisition of existing or development of new house/level, expansion of the existing house, Furniture and Consumer durables:

  • 15 % for advance upto Rs. 25.00 Lac
  • 20 % for advance above Rs. 25.00 Lac
  • For Repairing/Renovation – 20%
  • For Purchase a plot of land – 30%

Max and Min Loan:

  • Up to 60 NMI or 5 NAI for candidates more than 21 to 45 years old.
  • Up to 48 NMI and 4 NAI for candidates more than 45 years old.
  • Complete derivation including the portion of this credit ought not to surpass 60% of GMI.
  • EMI/NMI Ratio ought not to surpass 57.50% for An and half for B as above.

Ban period/Repayment occasion

  • No ban period for the acquisition of existing house/level/tenament and so on
  • Up to the greatest year and a half for development of new house/level/tenament and augmentation/fix/remodel of the existing house.

Security

  • Evenhanded Mortgage of Property for which applied for Housing Loan.
  • Post Dated Checks
  • Check – off office for salaried individual
  • Outsider assurance for the postponed contract.

Plot Loan

Saurashtra Gramin Bank Plot loan

Saurashtra Gramin Bank offers plot loans to both salaried and self-employed people with Indian nationality.

1.   Tenure

The time for the Saurashtra 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 Saurashtra Gramin Bank plot loan.

Saurashtra 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.

Saurashtra Gramin Bank plot loan for self-employed individuals

Salient Features

  • Self-used individuals can apply for this credit.
  • Buy a plot that is at present restricted.
  • Buying a plot through a concise recommendation in a covering society or a creator plan
  • Move his/her scrappy driving hard and fast benefitted by another cash related association
  • Changed reimbursement choices offered to the record holder subject to the credit whole, advance inhabitance, and speed of pay gave by the bank.
  • Striking speeds of interest conceivable on the plot advances to make it reasonable for the up-and-comers.
  • No straightforward costs are charged on the turn of events.

Who can apply for a Saurashtra Gramin Bank plot loan self-employed?

Individuals can apply for this credit disengaged or together. People for the plot advances should be the planned proprietors of the plot. Co-contender overall joins family people and need not be co-owners of the stuff.

Loan term

  • The most mind-blowing residency is 15 years.
  • The improvement term depends on the reimbursement system the contender has chosen for.
  • The client’s arrangement, age of the plot at the hour of the improvement prime of life, age of the client at the hour of credit improvement moreover expect work in picking the progression 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 Saurashtra 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.

Saurashtra 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

Saurashtra 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


Saurashtra 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

Saurashtra Gramin Bank plot loan charges for self-employed

Processing fees:

Out of whichever is higher somewhere in the extent of Rs.3,000 and 0.50% of the advancement entire and other extra fitting responsibility for self-sufficiently used subject matter experts. Out of whichever is higher between Rs.4,500 or up to 1.50% of the credit entire and another extra suitable obligation for uninhibitedly used non-subject matter experts.

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 Saurashtra 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 Saurashtra 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 Saurashtra 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 Saurashtra 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

Saurashtra Gramin Bank plot loan for salaried individuals

Salient Features

  • Self-used individuals can apply for this credit.
  • Buy a plot that is at present restricted.
  • Buying a plot through a concise recommendation in a covering society or a creator plan
  • Move his/her scrappy driving hard and fast benefitted by another cash related association
  • Changed reimbursement choices offered to the record holder subject to the credit whole, advance inhabitance, and speed of pay gave by the bank.
  • Striking speeds of interest conceivable on the plot advances to make it reasonable for the up-and-comers.
  • No straightforward costs are charged on the turn of events.

Who can apply for a Saurashtra Gramin Bank plot loan for salaried individuals?

Individuals can apply for this credit disengaged or together. People for the plot advances should be the planned proprietors of the plot. Co-contender overall joins family people and need not be co-owners of the stuff.

Loan term

  • The most mind-blowing residency is 15 years.
  • The improvement term depends on the reimbursement system the contender has chosen for.
  • The client’s arrangement, age of the plot at the hour of the improvement prime of life, age of the client at the hour of credit improvement moreover expect work in picking the progression 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 Saurashtra 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.

Saurashtra 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

Saurashtra 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


Saurashtra Gramin
Bank plot loan charges for salaried individuals

Processing fees

Out of whichever is higher somewhere in the extent of Rs.3,000 and 0.50% of the advancement entire and other extra fitting responsibility for self-sufficiently used subject matter experts. Out of whichever is higher between Rs.4,500 or up to 1.50% of the credit entire and another extra suitable obligation for uninhibitedly used non-subject matter experts.

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 Saurashtra 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 Saurashtra 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 Saurashtra 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 Saurashtra Gramin bank plot loan. 

Conversion fees

Saurashtra 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 Saurashtra Gramin Bank plot loan With Dialabank

  • For Saurashtra Gramin Plot Loan, you can apply with Dialabank with no issue.
  • You need to fill the structure with all the basic records.
  • For additional nuances, the bank’s agent will call you if your application is maintained.

Additional tips to get Saurashtra Gramin Bank plot loan Easily

  • A fabulous improvement in history would be a trace of breathing room before applying for the credit.
  • An inconceivable cash related evaluation would help in the key support of the credit.
  • Appropriate documentation is required at the hour of ensuring

Documents Required to Apply for Saurashtra Gramin Bank plot loan

Apply with –

  • Income Proof
  • Identity and Address Proof
  • Property details

FAQs

What is the Plot loan interest rate in Saurashtra Gramin Bank?

The Saurashtra Gramin bank plot loan starts at 8.95%

What is a Saurashtra Gramin Bank Plot Loan?

Saurashtra Gramin bank offers plot loans to both salaried and self-employed people if they have an Indian nationality, Saurashtra Gramin bank plot loan can be used for buying any plot in India.

How much processing fee applies to the Saurashtra Gramin Bank Plot loan?

0.50% of the loan amount is the charge for the processing.

What is the loan tenure of the Saurashtra Gramin Bank Plot loan?

 20 years is the loan time of the Saurashtra Gramin Bank.

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

EMI per Lakh for the Saurashtra Gramin Bank plot loan is ₹ 649 for 30 years.

How can I avail plot loan from Saurashtra Gramin Bank?

As soon as you pass the eligibility criteria.

How to Apply for a Saurashtra Gramin Bank Plot loan?

Please visit the Saurashtra Gramin Bank’s website to read the application procedure or you can just call at 9878981166.

How to repay the Saurashtra Gramin Bank plot loan earlier than the schedule?

Visit the Saurashtra 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 Saurashtra Gramin Bank + Plot Loan eligibility?

Refer to the table mentioned above.

What is the Saurashtra Gramin Bank Plot loan phone number?

You have to call at 9878981166.

What is the Saurashtra Gramin Bank plot loan interest rate for women?

For women, the Saurashtra Gramin Bank plot loan rate of interest is 7.05% – 7.20%. 

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

Saurashtra Gramin Bank plot loan interest rate for Salaried Individuals – 7.10% – 7.20%.

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

Saurashtra Gramin Bank plot loan interest rate for Self-Employed – 7.10% – 7.20%.

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

Saurashtra 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.

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