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HDFC Plot Loan

HDFC Land Loan

Last Updated 04th Jan 2022

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 ₹ 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 a good credit score.
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Loan for Land Purchase HDFC

HDFC, the leading HFC bank in the country, offers a unique home loan product. If you want to purchase a plot for investment purposes, construct a dream home, construct one's desired personal space, or conduct agricultural activities on that loan, HDFC can provide you a loan for land purchase. HDFC plot loans can be availed by you, even if you are salaried or self-employed, provided you have a good credit score. However, to avail of the plot loan HDFC, you need to meet the required eligibility factors. You can avail of the loan for a maximum period of 30 years, which may differ based on the loan amount needs and repayment ability. Currently HDFC plot loan interest rate ranges between 7.05% to 7.95%.

HDFC Plot Loan Interest Rate

Lowest HDFC plot loan rate is 7.05%, as applicable based on the PLR. Any change in repo rate 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, your salary and occupation and nature of the property.

Loan AmountRateRate for Female Borrower
Upto ₹ 20 Lakh7.10%7.05%
₹ 20 Lakh - ₹ 75 Lakh7.10%7.05%
₹ 75 Lakh - ₹ 1.50 Cr7.10%7.05%
Above ₹ 1.50 Cr7.10%7.05%

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 HDFC plot loan is comparatively lower. HDFC offers a plot loan upto 80% of the cost of the property. However, your risk is also an important feature for the LTV ratio in the case of HDFC plot loan.
  • Property Type: Site loan in HDFC exclusive to some properties. When you plan to opt for a HDFC land loan, you need 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 your 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,you may enjoy a tax benefit on the construction loan.
  • Specific to borrower's need: Through HDFC land purchase loan, you can design and create your own space as per your needs. Thus, a plot loan caters to the needs of the borrowers in comparison to an already constructed home.HDFC plot loan thus helps you fulfil your needs more than an already constructed home.
  • Affordable: Another key benefit of HDFC plot loans is that it is very affordable in nature.HDFC plots loans are offered at a low processing fee of ₹ 3,000. Further, the prepayment penalty is very low at Nil. It is even NIL in case of floating rate loans for individuals

HDFC Loan for Plot purchase Eligibility Criteria

  • If you are a salaried or self-employed individual with strong financial stability, you can apply for this loan.
  • You can also avail of HDFC Plot Loan with co-applicants. The co-applicants can be your family members and do not need to be co-borrowers of the property.
  • This loan is taken by salaried and self employed people.

Documents Required for HDFC Land loan

In order to avail of a HDFC plot loan, you need to meet the documentation requirements. The required document for a plot loan HDFC are:

  • Identity and address proofs: HDFC requires you to submit identity and address proofs such as Aadhar Card, PAN card, passport, driving license, Voter ID card, ration card, rent agreement.
  • Utility bills: Telephone, electricity bill, water bill, etc are some utility bills required to avail HDFC site loans.
  • Bank documents: HDFC requires copies of bank statement and passbook
  • Salary documents: Salary slips, ITR returns and qualification certificates in case of self-employed professionals are also required.
  • Others: In addition, HDFC may ask for Sale Deed or Sale purchase agreements

HDFC Plot Loans

The features of HDFC HDFC Plot Loans are mentioned below:

  • You can avail HDFC Plot loan to purchase land or plot to make your dream house a reality for upto 80% of the cost of the property for upto 15 years.
  • Both salaried and self-employed individuals can avail of HDFC Plot Loan at low rates and no hidden charges.
  • You can apply for an HDFC Plot loan individually or with co-applicants for a maximum repayment tenure of 15 years.


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.You can even get instant approvals on plot loans through the online application portal of HDFC.

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

The interest rate of HDFC plot loan ranges between 7.05% to 7.95 % . The rate may further vary between this range based on your eligibility and HDFC plot loan requirements.

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. This however is subjected to change as per HDFC’s terms and conditions.

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. You can avail HDFC Plot loan to purchase land or plot to make your dream house a reality for upto 80% of the cost of the property for upto 15 years.

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 with a good credit score of above 650. Apart, you must show proof of a good income and occupation stability to avail land purchase loans HDFC.

Can HDFC Plot loan Interest rate be negotiated?

Yes, you can negotiate HDFC Plot loan Interest rates 2022 if you have a good existing relationship with the Bank and fulfil other eligibility criteria such as good CIBIL Score, repayment capacity etc.

At what Interest rate does an HDFC employee get a Loan for land purchase?

HDFC employee can get a concessional rate on loan for land purchase, which is lower than the regular HDFC Plot Loan Interest Rates of 7.05%.

Does HDFC provide a specific HDFC Agriculture Land Loan?

Yes, you can avail HDFC Agriculture Land Loan for a maximum of 85% of the cost of the land as assessed by the Bank.

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