Eligibility Criteria for Plot Loan:
- Individuals who are resident of India.
- NRIs holding an Indian passport.
- Minimum age Limit: 21 years .
- Salaried Persons :Minimum gross monthly salary ₹10,000/-
- Others : Minimum Annual gross income ₹1,20,000/-
- 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*
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