HDFC Plot Loan

Last Updated 24th Dec 2020

HDFC Land Loan 2021

Interest Rate 7.05%
Maximum Loan Amount Upto 80% of property value
Processing fee Upto 0.50%; Min 3,000; Max 10,000
Maximum Tenure 30 years
Lowest EMI Per Lakh Rs. 778 for 30 years
  • HDFC plot loan interest rate starts at 7.05%.
  • HDFC land loan can be availed by both salaried and self-employed with good credit score.
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HDFC Plot Loan Interest Rate

Lowest HDFC plot loan rate is 7.05%, as applicable based on the PLR. Any change in PLR will translate into a similar change in the bank’s land loan rate. HDFC’s interest rates on loan for land purchase depend upon the loan amount, salary and occupation of the borrower and nature of the property.

Loan AmountRateRate for Female BorrowerRate
Upto ₹ 30 Lakh7.10%7.05%N/A7.10%
₹ 30 Lakh - ₹ 75 Lakh7.35%7.30%N/A7.35%
₹ 75 Lakh - ₹ 1.50 Cr7.45%7.40%N/A7.45%
Above ₹ 1.50 Cr7.45%7.40%N/A7.45%

Loan for land purchase HDFC

HDFC loan for land purchase can be taken for different purposes by different borrowers. It can be taken either for the purchase of land for investment purposes, to construct a dream home, to construct one's desired personal space, or to conduct agricultural activities on that loan. HDFC provides the following land loans to its customers.

HDFC plot loans can be availed by both salaried and self-employed people who hold a good credit report. However, the borrower needs to meet the required eligibility factors. The loan can be availed for a maximum period of 30 years, which may differ based on the borrower's needs and repayment ability. Currently HDFC plot loan interest rate ranges between 7.05% to 7.75%. However, HDFC land loan interest rate may vary across borrowers based on occupation and income status.

HDFC Plot Loans

HDFC Land Loan Features

Features of HDFC loan for plot purchase are listed as follows:

HDFC Land Loan Benefits

Some of the benefits of availing HDFC Land loan are:

HDFC loan for plot purchase Eligibility Criteria

Documents Required for HDFC Land loan

In order to avail of a plot loan, a borrower needs to meet the documentation process. The required document for a plot loan are:

Other Home Loan Products

FAQs on HDFC Land Loan

How long will it take for HDFC land loan approval?

HDFC land loan is approved after meeting the required eligibility conditions and fulfilling the documentation requirements. Borrowers can even get instant approvals on plot loans through the online application portal.

What is the interest rate of a plot loan in HDFC?

The interest rate of HDFC plot loan ranges between 7.05% to 7.75%.

What is the processing fee for HDFC land loans?

The processing fee for HDFC land loan is Upto 0.50%; Min 3,000; Max 10,000.

Can I get a loan on land purchase from HDFC?

Yes, you can get a loan for land purchase from HDFC through the HDFC Plot Loans.

Can self-employed people avail HDFC Plot loan?

HDFC plot loan can be availed by salaried and self-employed people who have a decent credit track record.

HDFC Home Loan News - Jan 2021
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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