Uttarakhand Gramin Bank Plot loan

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Uttarakhand Gramin Bank plot Loan features

Uttarakhand Gramin Home Loan 2020

Interest Rate

8.05% onwards

Loan-to-Value Ratio

Up to 90% of property value

Loan Tenure

Up to 30 years

Processing Charges

 0.35% of the loan amount

Eligibility for Uttarakhand Gramin Bank plot loan

  • Minimum of 18 yrs with regular income
  • From an Income perspective 60 x Net monthly Income (18-45 yrs) 

Uttarakhand Gramin Bank plot Loan Benefits

 Uttarakhand Gramin bank plot loan

  • Cheapest rate of interest starting with 8.05%*
  • 0.35% is the processing charges
  • Trouble-free documentation

Plot Loan

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

1.   Tenure

The time for the Uttarakhand 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 Uttarakhand Gramin Bank plot loan.

Uttarakhand 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.

Uttarakhand Gramin Bank plot loan for self-employed individuals

Salient Features

  • Self-used individuals can apply for this credit.
  • Buy a plot that is currently discounted.
  • Buying a plot through a prompt proposal in a covering society or a creator plan
  • Transfer his/her questionable advancing total benefitted from another monetary affiliation
  • Modified reimbursement choices offered to the record holder subject to the credit whole, advance inhabitance, and speed of income gave by the bank.
  • Striking speeds of interest conceivable on the plot advances to make it reasonable for the candidates.
  • No subtle costs are charged on the advance

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

People can apply for this credit in isolation or together. Individuals for the plot advances should be the coordinated owners of the plot. Co-competitor for the most part joins family individuals and need not be co-proprietors of the stuff.

Loan term

  • The most outrageous residency is 15 years.
  • The advance term depends upon the reimbursement system the contender has chosen for.
  • The client’s design, age of the plot at the hour of the advance prime of life, age of the client at the hour of credit improvement moreover expect employment in choosing the development 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 Uttarakhand Gramin Bank plot loans self-employed:

TruFixed Home Loan – 2/3 Year Fixed Rate Variant

Under the Tru Fixed Home Loan, the competitor can profit at an ensured speed of up to 2/3 years, adding up to a whole 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.

Uttarakhand Gramin Bank plot loan Interest Rates For self-employed professionals

Adjustable Home Rate Loan

The Retail Prime Lending Rate for autonomously utilized specialists 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

 

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) 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

Uttarakhand 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 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

Uttarakhand 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


Uttarakhand 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 aggregate and other additional fitting commitment for freely utilized specialists. Out of whichever is higher between Rs.4,500 or up to 1.50% of the credit whole and another extra legitimate 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 Uttarakhand 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 Uttarakhand 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 Uttarakhand 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 Uttarakhand 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

Uttarakhand Gramin Bank plot loan for salaried individuals

Salient Features

  • Self-used individuals can apply for this credit.
  • Buy a plot that is currently discounted.
  • Buying a plot through a prompt proposal in a covering society or a creator plan
  • Transfer his/her questionable advancing total benefitted from another monetary affiliation
  • Modified reimbursement choices offered to the record holder subject to the credit whole, advance inhabitance, and speed of income gave by the bank.
  • Striking speeds of interest conceivable on the plot advances to make it reasonable for the candidates.
  • No subtle costs are charged on the advance

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

People can apply for this credit in isolation or together. Individuals for the plot advances should be the coordinated owners of the plot. Co-competitor for the most part joins family individuals and need not be co-proprietors of the stuff.

Loan term

  • The most outrageous residency is 15 years.
  • The advance term depends upon the reimbursement system the contender has chosen for.
  • The client’s design, age of the plot at the hour of the advance prime of life, age of the client at the hour of credit improvement moreover expect employment in choosing the development 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 Uttarakhand Gramin Bank plot loan for salaried individuals:

TruFixed Home Loan – 2/3 Year Fixed Rate Variant

Under the Tru Fixed Home Loan, the competitor can profit at an ensured speed of up to 2/3 years, adding up to a whole 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.

Uttarakhand Gramin Bank plot loan interest rates for salaried individuals

Adjustable Home Rate Loan

The Retail Prime Lending Rate 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 (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

Uttarakhand 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


Uttarakhand Gramin Bank plot loan charges for salaried individuals

Processing fees

Out of whichever is higher somewhere in the range of Rs.3,000 and 0.50% of the advance sum and other extra fitting contribution for independently employed experts. Out of whichever is higher between Rs.4,500 or up to 1.50% of the credit sum and another extra proper levy for independently employed non-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 Uttarakhand 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 Uttarakhand 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 Uttarakhand 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 Uttarakhand Gramin bank plot loan. 
  • Conversion fees

Uttarakhand 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 Uttarakhand Gramin Bank plot loan With Dialabank

  • For Uttarakhand Gramin Bank Plot Loan, you can apply with Dialabank with no issue.
  • You need to fill the structure with all the fundamental records.
  • For additional nuances, the bank’s representative will call you if your application is supported.

Additional tips to get Uttarakhand Gramin Bank plot loan Easily

  • An incredible development history would be a touch of elbowroom before applying for the credit.
  • An incredible monetary evaluation would help in the basic supports of the credit.
  • Appropriate documentation is required at the hour of underwriting

Documents Required to Apply for Uttarakhand Gramin Bank plot loan

Apply with –

  • Income Proof
  • Identity and Adress Proof
  • Property details

FAQs

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

The Uttarakhand Gramin  bank plot loan starts at 8.05%

 What is a Uttarakhand Gramin Bank Plot Loan?

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

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

0.35% of the loan amount is the charge for the processing.

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

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

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

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

 How can I avail plot loan from Uttarakhand Gramin Bank?

As soon as you pass the eligibility criteria.

 How to Apply for a Uttarakhand Gramin Bank Plot loan?

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

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

Visit the Uttarakhand 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?

Yes, you can do that.

 How to check Uttarakhand Gramin Bank + Plot Loan eligibility?

Refer to the table mentioned above.

 What is the Uttarakhand Gramin Bank Plot loan phone number?

You have to call at 9878981166.

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

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

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

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

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

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

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

Uttarakhand 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?

Take one loan at a time.

 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?

One can do that.

 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 period.

 

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