HDFC Plot loan: In this article, we will provide you information about plot loan of HDFC Bank. If you want to take a loan (Jamin Kharidne Ke Liye Loan) to buy land, then this article is for you. Before applying for Plot Loan, you need to know what is Plot Loan?
When we take a loan to buy a plot, it is a plot loan. HDFC Bank is providing loan on plot to the customers at attractive interest rates. Plot loan is also known as land loan.
Current HDFC Plot Loan Interest rate 8.40% p.a. starts from. You can increase your eligibility by adding a co-applicant to your loan. Women are given concession in interest rate. Under this loan you can avail loan up to 80% of the cost of the property.
hdfc plot loan
The loan tenure of this loan is up to a maximum of 15 years. The processing fee for the loan is 0.50% of the loan amount or Rs.3,000 + applicable taxes. You can apply for HDFC Plot loan either online or offline. After buying a plot, you can build your dream house on it.
Many people think that plot loan and home loan are same but it is not so. Plot loan is taken to buy a piece of land whereas home loan is taken to construct a house on that land.
Both the loans are different. You can buy a plot by joining HDFC Bank Plot loan and you can join HDFC Home loan to build your dream house on it.
You can calculate the EMI of your loan by visiting the official website of the bank with the help of HDFC Plot loan EMI Calculator, which will help you to know how much installment you will have to pay at the time of loan repayment.
HIGHLIGHTS:
| loan name | hdfc plot loan 2022 |
| lender | HDFC Bank |
| loan amount | 80% of the cost of the property |
| processing fee | 0.50% of the loan amount or Rs.3,000 Also apply, whichever is higher.
Minimum Retention Amount: 50% of the applicable charges or Rs.3,000 + applicable taxes whichever is higher. |
| Rate of interest | Starting at 8.40% p.a. |
| loan tenure | up to 15 years |
| application mode | online / offline |
| official website | www.hdfc.com |
hdfc plot loan interest rate 2022
At present this Land loan interest rate 8.40% per annum starts from. This interest rate may vary depending on the profile of the applicant. Women are given concession in interest rate. If you are an existing customer of the bank and you fulfill all the conditions of this loan, then you can get a loan at a low interest rate.
HDFC Plot Loan Benefits and Features
- Any person can take a loan from HDFC Bank to buy land.
- Under HDFC Plot Loan you can avail loan up to 80% of the cost of the property.
- You can get a loan up to a higher loan amount by adding a co-applicant to your loan.
- By adding female co-owner, you can take advantage of better interest rate.
- All co-applicants need not be co-owners. Co-applicants are usually close family members.
- No Hidden Charges.
- Loan can be availed for purchase of resale plot.
hdfc land loan eligibility
- The applicant must be a permanent resident of India.
- All salaried and self-employed individuals can take advantage of this loan.
- The minimum age of the applicant should be 21 years.
- Maximum age should be 65 years.
HDFC Plot loan Documents required
- Completed and Signed Application Form
- Proof of Identity and Residence (KYC) : PAN Card or Form 60 / Passport / Driving License / Voter ID Card / Job Card issued by NREGA / Aadhaar Card / Letter issued by National Population Register containing details of name, address.
- proof of income :
- Last 3 months salary slip
- Bank statement of last 6 months
- Latest Form-16 and IT Return
- Property related documents:
- Copy of allotment letter/buyer’s agreement
- Title deed including previous series of property documents in resale cases
- Other Documents:
- proof of own contribution
- Employment contract / appointment letter if the present employment is less than 1 year old.
- Bank statements of the last 6 months showing repayment of any ongoing loan.
- Passport size photographs of all applicants/co-applicants should be pasted on the application form and signatures should be made.
- Check processing fee in favor of ‘HDFC Limited’.
How to apply HDFC Plot Loan?
You can easily apply for this loan whose process is given below:
hdfc plot loan apply online
- On the home page of the website, you will find the option of Loan Products. plot loan An option will appear, click on it.
- After clicking, on the next page all the information related to the plot loan will appear in front of you.
- You have to read this information correctly.
- to apply Apply Online Click on the option.
- The loan application form will open in front of you.
- Enter the information sought in it and click on submit.
- After you submit the form, the bank officials will contact you and proceed with the loan process.
How to apply offline?
- To apply offline, you must first go to your nearest bank branch.
- Contact the bank official who will provide you the information about the plot loan.
- Then will verify your documents.
- You will have to fill a form with which documents have to be attached and submitted there.
- If your loan is approved, the loan amount will be transferred to your bank account.
HDFC Land Loan Fees and Charges
| processing fee | 0.50% of the loan amount or Rs.3,000 Also apply, whichever is higher.
Minimum Retention Amount: 50% of the applicable charges or Rs.3,000 + applicable taxes whichever is higher. |
| check dishonor fee | Rs.300 |
| list of documents | up to Rs.500 |
| photocopies of documents | up to Rs.500 |
| pdc swap | up to Rs.500 |
| Post disbursement check cancellation charges | up to Rs.500 |
| Re-evaluation of loan after 6 months from sanction | Up to Rs.2,000 plus applicable taxes |
| Reversal of Provisional Prepayment under HDFC MaxVantage Scheme | Rs 250 |
| late payment fee | Additional interest up to 24% p.a. |
| prepayment fee | up to 2 |
HDFC Plot loan Customer Care
- Toll Free Number : 1800 210 0018
conclusion
In this article we have given you hdfc land loan Complete information about has been provided. Any person who wants to take a loan to buy land can take advantage of this loan.
If you want to get any other information about HDFC plot loan in Hindi, then you can take it by calling the customer care number of the bank.
FAQ:
Yes you can get loan up to 80% of the property cost from HDFC Bank.
At present, this interest rate starts from 8.40% per annum.
Up to 0.50% of the loan amount.
No.