Home Loans Home Loans
for NRI's
Rural Housing Finance Loan Against
Property
Deposits Corporate Governance Investor Relations

Plot Loans

nri

HDFC provides Plot Loans to Resident Indians to enable the direct purchase/resale purchase/refinance(balance transfer) of a plot for the construction of residential or non-residential premises.

  • Maximum Loan Amount
    Loan Amount Maximum Funding*
    Upto Rs 75 lacs 80% **
    Above Rs 75 lacs 75% **

    * Subject to market value of the property and repayment capacity of the individual, as assessed by HDFC
    ** This may be restricted to 70% of the cost / value of the Plot, if the Plot is located outside the city limits.
  • Maximum Term
    15 years subject to your retirement age.
  • Type of Plot Loans
    • Direct Allotment

      An individual can purchase plot on direct allotment in
      • Development Authority project or
      • Developer project
    • Resale

      An individual can purchase plot on resale in a
      • Development Authority's project or
      • Developer's project or
      • Developed area from a third party ( areas not covered under sr no 1 & 2)
    • Refinance (ie balance transfer of an existing residential/non-residential premises plot loan from another financial institution)

      An individual can apply for Refinance for:
      • Refinance of Plot Loan
      • Refinance of NRI plot Loan
      • Refinance Non-residential premises Plot Loan
  • Applicant and Co- Applicant to the loan
    Plot Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be co-owners.
  • Adjustable Rate Plot Loan
    Loan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change. However, the EMI on the Plot loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.
    * Conditions Apply
Interest Rate

Plot Loan - Salaried and Self-employed professionals :
     
Wef : 1st December, 2013 RPLR: 16.75%  
 
Loan Slabs Applicable Variable rates %
( Monthly Rest Basis )
Basis : RPLR minus
Spread
Upto and including Rs 30 lacs 10.50% to 11.25% RPLR - 6.25 to -5.50
Over Rs. 30 lacs 11.00% to 11.50% RPLR - 5.75 to -5.25

Click here to view attractive 'Winter Bonanza' rates

Plot Loan - Self-employed non-professionals :
     
Wef : 1st December, 2013 RPLR: 16.75%  
 
Loan Slabs Applicable Variable rates %
( Monthly Rest Basis )
Basis : RPLR minus Spread
Upto and including Rs 30 lacs 10.75% to 11.25% RPLR - 6.00 to - 5.50
Rs 30.01 lacs to Rs 3.00 Cr. 11.00% to 11.50% RPLR - 5.75 to - 5.25
Rs 3.01 Cr. to Rs 5.00 Cr. 11.25% to 11.75% RPLR - 5.50 to - 5.00
Rs 5.01 Cr. And above 11.50% to 12.00% RPLR - 5.25 to - 4.75

(ONLY for plots being purchased from development authorities and good developers within city limits)


Click here to view attractive 'Winter Bonanza' rates