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Site Loan (Plot Loan)

Ghar Niveshan

Eligibility Criteria for Plot Loan:

  • Individuals who are resident of India.
  • NRIs holding an Indian passport.
  • Minimum age Limit: 21 years .
  • Income:


    Resident Indian:

    • Salaried Persons :Minimum gross monthly salary ₹10,000/-
    • Others : Minimum Annual gross income ₹1,20,000/-

    NRIs:

    • Salaried Person: Minimum gross monthly salary ₹40,000/-
    • Others : Minimum Annual gross income of ₹4,80,000/-

Purpose of Site Loan:

  • Purchase of house site.

Amount of Plot Finance:

  • 80% of the Registration value of the site, subject to
    Maximum - Rs.75,00,000/- for land located at Metro and Urban areas.
    Maximum - Rs.50,00,000/- for land located other than Metro and Urban areas.

Period of Loan for Plot:

  • Maximum up to 84 months*
    Conditions Apply

Security for Loan:

  • Mortgage of house site to be acquired
  • Guarantee of the spouse wherever feasible in the absence of which third party solvent guarantor.

Repayment of Loan:

  • General: In equal / equated monthly installments (EMIs).
  • Agriculturist: Yearly basis including yearly interest.

Margin of Loan:

  • 20 %

Rate of Interest for Site Loan:

The above information is subject to terms and conditions.For more details, please contact the nearest Branch