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
Upto Rs 75 lacs
Above Rs 75 lacs
* 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.
years subject to your retirement age.
Type of Plot Loans
An individual can purchase plot on direct allotment in
Development Authority project or
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
Plot Loan - Salaried and Self-employed professionals :