Deepak Kumar (Senior Advisor) 9410928747 Mon - Sun: 9:00 AM - 8:00 PM
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Direct Senior Advisor
Deepak Kumar
Call 9410928747

9410928747

deepakkumar@shriramindiafinance.com

Loan Assistance

Plot Loan

Information and assistance for financing the purchase of a residential plot for future home construction.

View Eligibility Criteria
Key Highlights
Starting Interest Rate 8.65% p.a. Interest rates are competitive, subject to plot location, authority approval, and applicant profile.
Loan Tenure 5 to 20 Years
Loan Amount Range ₹5 Lakhs to ₹3 Crore

About This Loan

Acquiring a parcel of residential land gives you the freedom to build your custom home whenever you are ready. A Plot Loan (or Land Purchase Loan) provides specific funding to buy residential land located within municipal corporation limits or recognized development authorities.

Shri Ram India Finance helps you understand the nuances distinguishing a Plot Loan from standard home loans, including zoning checks, maximum tenures, and construction time-frame conditions.

Key Features

Financing for residential plots from government bodies, private developers, or direct resale
Option to combine plot purchase with composite home construction financing
Flexible repayment tenures up to 15-20 years
Lender verification ensures transparent title checks and authority zoning
Tailored guidance to navigate local municipal bylaws

Eligibility Criteria

Final eligibility parameters are evaluated by individual lenders based on credit bureau reports and repayment capacity.

  • Plot must be designated strictly for residential usage (not agricultural/commercial)
  • Approved by local town planning authorities (e.g., DDA, BDA, HUDA, CIDCO, etc.)
  • Applicant Age: 21 to 65 years
  • Stable salaried or self-employed income profile
  • Credit score 700+ preferred

Documents Required

Keep these documents ready to ensure quick verification and smooth coordination with lending partners.
KYC and income proofs (Salary slips / ITR / Bank statements)
Allotment letter or Sale Agreement of the residential plot
Title deeds tracing back 13-30 years history
Layout plan approval copy and non-encumbrance certificate (NEC)
Receipt of token money / down payment paid to seller

Benefits of Applying With Us

Invest early in high-growth suburban residential sectors
Freedom to design your architectural layout and construction pace
Bank legal scrutiny safeguards against disputed or unapproved land
Assistance in exploring composite plot + construction combo options

Who Can Apply?

Individuals planning to buy a residential plot for immediate or near-future home construction through verified lenders.

Plot Loan FAQs

No, plot loans are restricted to residential parcels approved by municipal authorities or development bodies. Agricultural land cannot be financed under this scheme.

Most lenders specify that construction on the plot should commence within 3 to 5 years from the date of plot loan disbursement.
Dedicated Support

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Deepak Kumar

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Call 9410928747

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Looking for Plot Loan?

Share your requirement with us and our team will contact you to explain eligibility and partner options.