Site Loan (Plot Loan)

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:

• View Latest Rate of Interest
• View Service Charges.
• Upfront charges will be collected (wherever applicable) towards legal, valuation, BIR etc.

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