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Loan for Land Purchase

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About land loans/plot loans

Land Purchase Loan or Plot Purchase Loan is a unique financing option from Bajaj Finserv to help you buy a plot of land for residential construction. While owning a home is the ultimate dream you live, having a house with every detailing designed as per your needs can be more satisfying.

Land Loans from Bajaj Finserv are tailor-made to help you buy the plot of your choice effortlessly. It is different from a Home Loan in the sense that Home Loans are offered to buy a ready-to-move-in property. But, a Loan for Land Purchase covers every aspect of the purpose effectively.

This loan to buy land can be your perfect option in two cases:

  • If you plan to buy a resale plot

  • If you plan to purchase a piece of land through direct allotment

Apply for this customised secured loan and avail maximum features and benefits.


Land Purchase Loan: Features and Benefits

  • Loan amount of high value

    A salaried individual can avail a Plot Purchase Loan of high value up to Rs. 3.5 Crore. Avail this loan from Bajaj Finserv in any of the top Indian cities.

  • Flexible repayment tenor

    Repayment of this loan to buy plot is made easier with flexible tenor extending up to 240 months.

  • Instant approval of land loans

    No more waiting for days to get your loan approved. With Bajaj Finserv, fill up the online application form, and get your loan approved instantly within 5 minutes.

  • Quick and easy loan disbursal

    We understand the need for immediate payment when purchasing a plot of land. Avail quick and easy disbursal of your Plot Purchase Loan within 72 hours after the approval of your application.

  • Exclusive balance transfer facility

    Fast processing and minimal documentation make refinancing your existing land purchase loan easier with Bajaj Finserv. If you have already taken a plot purchase loan, choose to transfer the outstanding amount for a comparatively lower rate of interest and attractive top-up loan. It comes with additional features like part-prepayment, foreclosure, etc.

  • Easy accessibility to loan account online

    Access the status and details of your loan for residential plot purchases anytime and from anywhere through online account management. Easily check information related to your loans like the schedule of payment, payment tracking, and all other related information through the digital portal or Bajaj Finserv App. To get instant access to this online account, simply log in with the right credentials.

  • Top-up loans with no documentation

    Meet other financing needs effortlessly using a top-up loan of high value. The amount is over and above the existing loan amount and can be availed with no extra documentation. Also, the interest rate for the top-up loan is nominal.


    Use the EMI calculator to know your monthly outflows beforehand and apply for the required amount accordingly.


    This loan also includes tax benefits. You can claim a deduction on the principal amount of up to Rs. 50,000 and up to Rs. 2 Lakh on interest amount for a given financial year under the Income Tax Act.

Land Purchase Loan: Eligibility Criteria and Documents

To avail a loan, fulfil the minimum eligibility criteria and documentation requirements. Utilise the Eligibility Calculator online to know the amount you can avail.


Land Purchase Loan: Interest Rates, Fees and Charges

The land purchase loan interest rate, fees and charges offered by Bajaj Finserv are among the most competitive rates you can find. Also, there are no charges for prepayment and foreclosure of the loan account. Below is a detailed chart for the fees involved.


  • Rates of interest
  • Applicable charges
  • Usual rate of interest
  • 9.35% - 11.15% (self-employed)
  • Usual rate of interest
  • 9.05% - 10.30% (salaried)
  • Promotional interest rate
  • From 8.30%** (for loans up to. Rs. 30 Lakh) (salaried)
  • Bajaj Finance Limited Floating Reference Rate for Self Employed customers
  • 20.90% (BFL-SE FRR)
  • Bajaj Finance Limited Floating Reference Rate for Salaried customers
  • 20.90% (BFL-SAL FRR)

Part-prepayment Charges:

Borrower type Interest type Time (months) Part-prepayment fees
All borrowers Fixed interest rate More than 1 2% charge + taxes
Individual Floating interest rate More than 1 0
Non-individual Floating interest rate More than 1 2% charge + taxes

Foreclosure Charges:

Borrower type Interest type Time (months) Foreclosure fees
All borrowers Fixed interest rate More than 1 4% charge + taxes
Individual Floating interest rate More than 1 0
Non-individual Floating interest rate More than 1 4% charge + taxes
Other Fees Levied Charges
Mortgage orientation fee (non-refundable) Rs. 1,999
Processing charge (self-employed applicants) Up to 1.20%
Processing charge (salaried applicants) Up to 0.80%
Loan statement charges Rs. 50
EMI bounce rates Rs. 3,000
One time secure fee Rs. 9,999
Principal & interest statement fees 0
Penalty charges 2% every month + applicable taxes

How to Apply for Land Purchase Loan?


You can easily apply for this Plot Purchase Loan by filling up the online application form

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