Plot Loans

When you own a plot of land, you can build a space that is uniquely yours. HDFC Bank's Plot Loans help you acquire the land for your home so that you can start turning your dream home into reality.

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Plot Loan EMI Calculator

Loan Amount

₹

₹1 Lac ₹10 Cr

Tenure (Years)

1 30

Interest Rate (% P.A.)

0.5 15

Monthly Plot Loan EMI

₹198341

Principal Amount

₹198341

Interest Amount

₹198341

Total Amount Payable

₹198341

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Terms and Conditions

Interest Rates

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 6.50%

Special Home Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab	Interest Rates (% p.a.)
For All Loans*	Policy Repo Rate + 2.25% to 3.15% = 8.75% to 9.65%

Standard Home Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab	Interest Rates (% p.a.)
For All Loans*	Policy Repo Rate + 2.90% to 3.45% = 9.40% to 9.95%

*The above Home Loan interest rates/ EMI are applicable for loans under the Adjustable Rate Home Loan Scheme (Floating Interest Rate) of (HDFC Bank and are subject to change at the time of disbursement. The Home Loan interest rates above are linked to HDFC Bank's Repo Rate and are variable through out the tenor of the loan. All loans are at the sole discretion of HDFC Bank. For further details regarding the loan slabs and interest rates above Click Here

*HDFC BANK does not source any Home Loan business from any Lending Service Providers (LSPs).

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Calculators

Documents

For loan approval, you need to submit the following documents for applicant / all co-applicants along with the completed and signed home loan application form.

A	Sr.No.	Mandatory Documents
	1	PAN Card or Form 60 (If the customer does not have a PAN Card)
B	Sr.No.	Description of Officially Valid Documents (OVD) that can be accepted for establishing the legal name & current address of Individuals*[Any one of the following documents can be submitted]	Identity Proof	Address Proof
	1	Passport, the validity of which has not expired.	<%y%>	<%y%>
	2	Driving license which has not expired.	<%y%>	<%y%>
	3	Election /Voters identification card	<%y%>	<%y%>
	4	Job card issued by NREGA duly signed by the officer of the State Government	<%y%>	<%y%>
	5	Letter issued by the National Population Register containing details of name, address.	<%y%>	<%y%>
	6	Proof of possession of Aadhaar Number (to be obtained voluntarily)	<%y%>	<%y%>

A document mentioned above shall be deemed to be an OVD even if there is a change in the name subsequent to issuance provided it is supported by a marriage certificate issued by State Government or Gazette notification, indicating such a change of name.

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Last 3 months' Salary Slips	<%y%>
Last 6 months' Bank Statements, showing salary credits	<%y%>
Latest Form-16 and IT returns	<%y%>
Income Returns along with computation of income for at least the last 2 Assessment Years (of both the individual and the business entity and attested by a CA)		<%y%>	<%y%>
At least last 2 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA)		<%y%>	<%y%>
Last 12 months' Current A/c Statements of the business entity and Savings Account Statements of the individual		<%y%>	<%y%>

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Copy of Allotment Letter / Buyer Agreement	<%y%>	<%y%>	<%y%>
Title Deeds including the previous chain of the property documents in resale cases	<%y%>	<%y%>	<%y%>

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Own Contribution Proof	<%y%>	<%y%>	<%y%>
Employment Contract / Appointment Letter in case current employment is less than year old	<%y%>
Last 6 months' Bank Statements showing repayment of any ongoing loans	<%y%>	<%y%>	<%y%>
Passport size photograph of all the applicants / co-applicants to be affixed on the Application form and signed across.	<%y%>	<%y%>	<%y%>
Cheque for processing fee favouring HDFC Bank.	<%y%>	<%y%>	<%y%>
Business Profile		<%y%>	<%y%>
Latest Form 26 AS		<%y%>	<%y%>
List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company		<%y%>	<%y%>
Memorandum and Articles of Association of the Company		<%y%>	<%y%>
Partnership deed in case of the business entity being a partnership firm		<%y%>	<%y%>
Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.		<%y%>	<%y%>

*All documents to be self-attested. The above list is indicative in nature and additional documents can be asked for.

Housing Charges

Processing Fees

Name of the Product/Service	Amount in Rupees
Fees for Resident Housing Loan/ Extension/ House Renovation Loan/ Refinance of Housing Loan/ Plot Loans for Housing (Salaried, Self-Employed Professionals)	Upto 0.50% of the loan amount or Rs. 3000/- whichever is higher + applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/- +applicable taxes/statutory levies whichever is higher
Fees for Resident Housing/ Extension/ Renovation/ Refinance/ Plot Loans for Self Employed Non-Professionals.	Upto 1.50 % of the Loan amount or Rs. 4500/- whichever is higher+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/- +applicable taxes/statutory levies whichever is higher
Fees for NRI Loans	Upto 1.25% of the Loan amount or Rs. 3000/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/-+applicable taxes/statutory levies whichever is higher
Fees for Value Plus Loans	Upto 1.50% of the Loan amount or Rs. 4500/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/-+applicable taxes/statutory levies whichever is higher
Fees for Loans under HDFC Bank Reach Scheme	Up to 2.00% of the loan amount+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/-+applicable taxes/statutory levies whichever is higher
Re-appraisal of loan after 6 months from date of sanction	Rs. 2000/- + applicable taxes / statutory levies.

Other Charges

Name of Fee/ Charge levied	Name of the Product/Service	Amount in Rupees
Delayed Instalment Payment Charge	Delayed Payment Charges	A maximum of 18% P. A. on overdue instalment amounts.
Incidental Charges	Expenses to cover costs	Incidental charges and expenses are levied to cover the cost, charges, expense and other monies as per actuals applicable to a case.
Stamp Duty/ MOD/ MOE/ Registration	Statutory Charges	As applicable in the respective States.
Fees/Charges levied by entities such as CERSAI	Fees/Charges levied by Regulatory bodies	As per actual charges/ fee levied by Regulatory bodies + applicable taxes/ statutory levies
Fees/Charges levied by such third parties such as mortgage guarantee company	Fees / charges payable to any third party(ies) whose services have been availed	As per actual fee/ charges levied by any third party(ies) + applicable taxes/ statutory levies

Name of the Product/Service	Amount in Rupees
Switch to Lower Rate in Variable rate Loans (Housing/ Extension/ Renovation)	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any)at the time of Conversion or a cap of Rs.50000/-+applicable taxes/statutory Levies which ever is lower.
Switching to Variable Rate Loan from Fixed Rate Loan (Housing/Extension/ Renovation)	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap of Rs.50000/- + applicable taxes / statutory levies whichever is lower.
Switch from Combination Rate home loan fixed rate to Variable rate	1.75% of the Principal Outstanding and Undisbursed amount (if any)+ applicable taxes / statutory levies at the time of Conversion.
Switch to Lower Rate (Plot Loans)- Variable Rate	0.5% of principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of Conversion.
Switch to Lower Rate (Loans under HDFC Bank Reach)- Variable Rate	Upto 1.50% of the principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of conversion.

Name of the Product/Service	Amount in Rupees
Payment Return Charges	Rs. 300/- Per Dishonor.
Photocopy of Documents	Upto Rs. 500/- + applicable taxes / statutory levies
Fees on account of External Opinion – such as legal/technical verifications.	As per actuals.
List of documents	Upto Rs. 500/- + applicable taxes / statutory levies.
Repayment Mode Change Charges	Upto Rs. 500/- + applicable taxes / statutory levies.

Name of the Product/Service	Amount in Rupees
A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest	For loans sanctioned to individual borrowers with or without co-applicants, no prepayment charges shall be payable on account of part or full prepayments made through any sources* except when the loan is sanctioned for business purposes**.
B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest	For all loans sanctioned with or without co-applicants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies of the amounts being so prepaid on account of part or full prepayments except when part or full prepayment is being made through own sources*.

Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

Name of Fee/ Charge levied	Amount in Rupees
Custody charges	Rs 1000/- per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral.

Non-Housing Charges

Loan Processing Charges*

Maximum of 1% of loan amount (* Minimum PF of Rs.7500/-)

Pre-Payment /Part Payment Charges

No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment.

2.5% + Goods and Services Tax (GST) of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%.

Individual Borrowers
No prepayment charges shall be applicable for part payment on floating rate term loan sanctioned for purposes other than business to individual borrowers with or without co-obligant(s).

MSE Borrowers
No prepayment charges shall be applicable for part payment on floating rate loans to Micro and Small Enterprise (MSE) Certified borrowers if loan is closed from Own Source of Funds.

Premature closure charges
Floating rate term loan availed by Individual borrowers for Business Purpose	2.5 % of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges
Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose	NIL
Floating rate term loans availed by Micro, Small Enterprises and Closure from Own Source*	NIL
Floating rate term loans availed by Micro, Small Enterprises and Closure Through Takeover by any financial Institutions	2 % takeover charges of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges
Floating Rate term loans availed by Non Individual borrowers*	Maximum of 2.5% of the Principal Outstanding. >60 months after the disbursement of the Loan – NIL Charges
Delayed Instalment payment Charge	A maximum of 18% P. A. on overdue instalment amounts.
Payment Return Charges	Rs 450/-
Repayment schedule charges*	Rs. 50/- per instance
Repayment mode change charges*	Rs. 500/-
Custody charges	Rs 1000/- per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral.
Revision in spread	0.1% of Principal Outstanding OR Rs. 5000 whichever is higher Per proposal
Legal/Repossession & Incidental charges	At actuals
Stamp Duty & other statutory charges	As per applicable laws of the state
Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers)	NIL
Penal Interest for Non Adherence of ESCROW Account (as per sanction terms and conditions)	2% p. a additional on existing ROI (Applicable in LARR cases only)
Penal Interest charged for non-complying with sanction terms	2% per annum additional on existing ROI- (Charged on monthly basis) Subject to a Max of Rs 50000/-
CERSAI Charges	Rs. 100 for each property
Property Swapping / Partial property Release*	0.1% of the loan amount. Min – Rs. 10,000/-. Max of Rs 25000/- per property
Document Retrieval charges post Disbursement*	Rs. 75/- per document set. (Post disbursement)

Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

The Borrower will be required to submit such documents that HDFC Bank may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan.

The prepayment charges are subject to change as per prevailing policies of HDFC Bank and accordingly may vary from time to time which shall be notified on www.hdfcbank.com.

Plot Loan Eligibility

Loan eligibility is primarily dependent on income and repaying capacity. Other important factors include the customer’s profile, age at loan maturity, age of property at loan maturity, investment and savings history etc.

Important Factor	Criteria
Age	18-70 years
Profession	Salaried / Self Employed
Nationality	Resident Indian
Tenure	Up to 15 years

Classification Of Self Employed

SELF-EMPLOYED PROFESSIONAL	SELF EMPLOYED NON-PROFSSIONAL (SENP)
Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc.	Trader, Commission Agent, Contractor etc.

How does adding a co-applicant benefit? *

Higher loan eligibility with an earning co-applicant.

*All co-applicants need not be co-owners. But all co-owners need to be co-applicants to the loans. Generally, co-applicants are close family members.

Maximum Funding**
Loans up to and including ₹30 lacs	80% of the property cost**
Loans from ₹30.01 lacs to ₹75 lacs	80% of the property cost**
Loans above ₹75 lacs	75% of the property cost**

**Subject to market value of the plot and repayment capacity of the customer, as assessed by HDFC Bank. May be restricted up to 70% of the cost / value of the plot, if the plot is located outside the city limits. The above-mentioned funding limits are applicable for direct allotment cases only.

Home Loan in Different Cities

Home Loans in Mumbai

Home Loans in Jaipur

Home Loans in Bangalore

Home Loans in Chennai

Home Loans in Hyderabad

Home Loans in Delhi

Home Loans in Pune

Home Loans in Gurgaon

Home Loans in Chandigarh

Home Loans in Noida/Greater Noida

Get Home Loan for Different Budgets

₹1 Crore Home Loan

₹90 Lakhs Home Loan

₹80 Lakhs Home Loan

₹75 Lakhs Home Loan

₹70 Lakhs Home Loan

₹95 Lakhs Home Loan

₹85 Lakhs Home Loan

₹1.5 Crores Home Loan

₹2 Crores Home Loan

₹65 Lakhs Home Loan

₹60 Lakhs Home Loan

₹45 Lakhs Home Loan

₹40 Lakhs Home Loan

₹55 Lakhs Home Loan

₹35 Lakhs Home Loan

₹50 Lakhs Home Loan

₹25 Lakhs Home Loan

₹30 Lakhs Home Loan

Testimonials

AGHARA RAVIKUMAR M

“

It was very easy to complete disbursement process with support of HDFC staff

”

MURALI SHEEBA

“

For people like us with a busy schedule hassle-free service online without visiting the bank was really a lifesaver.

”

FREDDY VINCENT S V

“

In this challenging situation, the entire process was carried out in a smooth way. Even the query raised was sorted out in a very short time with no hurdle. Every person involved in the inquiry procedures were courteous.

”

Frequently Asked Questions

HDFC Bank will determine your Home Loan Eligibility largely by your income and repayment capacity. Other important factors include your age, qualification, number of dependants, your spouse's income (if any), assets & liabilities, savings history and the stability & continuity of occupation.

EMI refers to the ‘Equated Monthly Installment’ which is the amount you will pay to us on a specific date each month till the loan is repaid in full. The EMI comprises of the principal and interest components which are structured in a way that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.

You can apply for a Home Loan at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced.

‘Own Contribution’ is the total cost of the property less HDFC Bank's home loan.

For your convenience, HDFC Bank offers various modes for repayment of your house loan. You may issue standing instructions to your banker to pay the installments through ECS (Electronic Clearing System), opt for direct deduction of monthly installments by your employer or issue post-dated cheques from your salary account.

Absolutely! HDFC Bank provides Plot Loans to facilitate the purchase of land for your dream home. HDFC Bank offers Plot Loans at competitive interest rates, flexible repayment options, and a straightforward application process. Take the first step towards turning your dreams into reality with HDFC Bank's Plot Loans.

Rates Offered to Customer during the period Jan'24 to Mar'24
Segment	IRR			APR
Segment	Min	Max	Avg.	Min	Max	Avg.
HOUSING	8.25	12.75	8.52	8.25	12.75	8.52
NON - HOUSING*	8.35	15.05	9.34	8.35	15.05	9.34
*NON - HOUSING = LAP(EQUITY), NON-RESIDENTIAL PREMISES & INSURANCE PREMIUM FUNDING LOAN

Plot Loan Benefits

End to end digital process

Plot loan approval in 4 simple steps.

Customised Repayment Options

Tailor-made loans to suit your requirements.

Easy documentation

Apply with minimal documents, save time and effort.

24x7 assistance

Connect with us on Chat, WhatsApp anytime, anywhere!

Online loan account

Key Features

Loans for purchase of a plot through direct allotment.

Loans for purchase of a resale plot.

Loans for transferring your outstanding loan availed from another Bank / Financial Institution Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority.

Attractive interest rates that make your Plot Loan affordable and easier on your pocket.

Customized repayment options to suit your needs.

Expert legal and technical counselling

No Hidden Charges

Terms & Conditions

Security

Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC Bank.

Other Conditions

All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC Bank’s products and services. For detailed information about our products and services kindly visit the nearest HDFC Bank branch.

Click here for the Most Important Terms and Conditions pertaining to your loan.