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HDFC Plot Loan

HDFC Land Loan 2021

Last Updated 30th Mar 2021

Interest Rate 6.95%
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 ₹ 772 for 30 years
  • HDFC plot loan interest rate starts at 6.95%.
  • 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 6.95%, 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 AmountRate
Upto ₹ 30 Lakh6.95%
₹ 30 Lakh - ₹ 75 Lakh6.95%
₹ 75 Lakh - ₹ 1.50 Cr6.95%
Above ₹ 1.50 Cr6.95%

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 6.95% to 7.45%. However, HDFC land loan interest rate may vary across borrowers based on occupation and income status.

HDFC Plot Loans

  • Loan for those individuals for the purpose of buying land or constructing a house on the acquired land.

HDFC Land Loan Features

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

  • Loan to Value Ratio: The LTV ratio or Loan to Value ratio in case of a plot loan is comparatively lower. HDFC offers plot loan upto 80% of the cost of the property. However, the risk score of the customer is also an important feature for the LTV ratio in the case of HDFC plot loan.
  • Property Type: HDFC site loan is exclusive to some properties and not applicable to others. When the borrower plans to opt for a HDFC land loan, he needs to ensure certain things, for instance, the land must be located within the municipal limits. Further, it should not be located in an area that is under conflicts regarding authorizations or previous ownerships.
  • Loan Tenure: The time period for which you can avail a HDFC land loan is comparatively lower than that of a home loan. It may be borrowed for a maximum amount of 30 years which may vary across the customer's repayment ability.

HDFC Land Loan Benefits

Some of the benefits of availing HDFC Land loan are:

  • Tax Benefits: A plot loan may not provide any tax benefit when availed on its own. However, if you avail HDFC plot and construction loan, the borrower may enjoy a tax benefit on the construction loan. This means a plot loan provides benefits if availed together with a construction loan.
  • Specific to borrower's need: A plot loan is beneficial to the borrower as it is much specific to his or her needs in comparison to a home loan. Through HDFC land purchase loan, a customer can design and create his own space as per his or her needs. Thus, a plot loan caters to the needs of the borrowers in comparison to an already constructed home.
  • Affordable: Another key benefit of HDFC plot loans is that it is very affordable in nature. Plot loan by HDFC offers low processing fee at Upto 0.50%; Min ₹ 3,000; Max ₹ 10,000 and borrowers do not lose out from the loan amount in terms of processing fee. Further, the prepayment penalty is very low. It is even NIL in case of floating rate loan for individuals.

HDFC loan for plot purchase Eligibility Criteria

  • Individuals with financial stability whether salaried or self employed can apply for this loan.
  • Joint owners can apply for the loan as co applicants.
  • This loan is taken by salaried and self employed people.

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:

  • Identity proofs: This includes Aadhar Card, PAN card, passport, driving license
  • Address proofs: This includes Voter ID card, ration card, rent agreement
  • Utility bills: Telephone, electricity bill, water bill, etc.
  • Bank documents: Copies of bank statement and passbook
  • Salary documents: salary slips, ITR returns and qualification certificates in case of self-employed professionals
  • Others: Sale Deed or Sale purchase agreements

Other Home Loan Products

  • HDFC Home Loan Floating
  • Plot Loan Floating
  • Rural Housing Finance Floating
  • HDFC Home Improvement Loan
  • HDFC Home Extension Loan
  • HDFC Short Term Bridging Loan
  • HDFC Home Loan Top Up


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 6.95% to 7.45 % .

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 .

*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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