A plot loan is a loan provided by banks to purchase land, with EMIs paid back over time. It has benefits like online approval, low EMIs and interest rates. Plot loans can be used to directly purchase land from a housing society or through resale. They enable buyers to build their own home while land investment yields high returns. Borrower credit scores, age, income, nationality, gender and identification documents are considered for eligibility.

2. What is plot loan?
 The term "plot loan"
refers to a loan given by
banks to borrowers in
order to purchase a piece
of land. Equated Monthly
Instalments (EMI), which
are paid back over a set
period of time.

3. Plot loan characteristics
 The ability to approve plot
loans online
 swift approval and low
EMI
 streamlined
documentation
 One of the lowest interest
rates available

4. Types of plot loans
 Direct purchase of a plot
from a housing society or
real estate development
authority
 Buying a plot through a
resale directly from the
lender or through agents

5. Advantages of plot loan
 The limited supply of land
makes it a wise investment
that yields higher returns
upon resale.
 Enables the buyer to begin
building their own home
in accordance with their
specifications

6. Features of plot Loan
 Low Interest Rates
 Low Processing Fee
 No Pre-Payment Penalty
 No Hidden Charges
 Interest on Daily Reducing
Balance

7. Credit Score
 When making lending
decisions for any loan,
including your land loan,
banks and other lenders
take into account a credit
score as an important
factor.

8. EMI Payment Methods
 Standing Instruction
(SI)
 Electronic Clearing
Service (ECS)
 Post-Dated Cheques
(PDCs)

9. Plot Loan Eligibility
 AGE- 21 to 65 years old
 PROFESSION Paid/Self-
Employed
 NATIONALITY Indian
resident
 GENDER-All Genders

10. Plot Loan Documentation
 Aadhaar card
 PAN card
 Valid Passport
 Voter ID card
 Driving license
 Utility Bill.
 Ration card

11. To know more loans:
Home loans plot loans
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Home improvement loans Home Extension loan
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