Home Loan EMI Payment
Enter your first and last name
Please enter Full Name
Enter your 10-digit mobile number
Mobile No can not be blank
Enter your pin code
Pin Code can not be blank
null
null

I authorize Bajaj Finserv representative to call /SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC.T&C

Please accept the terms and conditions
An OTP has been sent on your mobile number

Enter one-time password

0 Seconds
Entered wrong mobile number ?
null
Enter net monthly salary
Net Monthly Salary can not be blank
Please enter loan amount required
null
null
null
select date of birth
Please enter your date of birth
Enter PAN card details
Pan Card can not be blank
Select employer name from the list
Enter personal email address
Personal Email can not be blank
Enter official email address
Official Email ID can not be blank
Enter current monthly obligations
null
null
null
null
null
Select business vintage value
Enter your monthly salary
Net Monthly Salary can not be blank
null
Please enter loan amount required
null
Please Select Balance Transfer Bank
null
null
Enter annual turnover (18-19)
Enter your Annual Turnover 17-18

Thank you

Loan for Plot Purchase

Many financial institutions offer loan for plot purchases which is also known as a plot loan. You can always check your eligibility for a plot loan using a plot loan eligibility calculator. You should bear in mind that plot loans are different from home loans. If you have a good CIBIL score and meet all the eligibility criteria, you can expect to get a low plot loan interest rate as well. Home loans are taken for purchasing properties which are being built or are already constructed. Loan for plot purchase is those taken for buying a plot of land where you will construct a home in the future.

Plots can be bought through direct allotment in real estate projects or housing societies or even as resale purchases in housing societies or projects by development authorities. The plot should be within city limits or outside city limits but should be used only for residential purposes, should be non-agricultural and should have approval from a requisite authority. Most financial institutions offer financing up to 70% of the cost of the plot and the FOIR (fixed obligation to income ratio) up to 60% is given based on your net adjusted income. The margin money that you have to contribute varies from 30-50% in most cases. Rates of interest are a little higher as compared to regular home loan interest rates and tenures range between 15-20 years. You do not get tax benefits for EMI repayments for these loans although you will get tax benefits if construction commences on the plot of land.

How to Apply for Plot Loan


You can apply in a similar manner as a home loan and the process is almost the same where you have to fill out the application form and submit it along with necessary documents. You will be assessed for eligibility and once these formalities have been completed, you will get your sanction letter post which legal verification and other processes will start till the amount is disbursed.