SBI Plot Loan

Last Updated 15th Jan 2021

SBI Land Loan 2021

Interest Rate 7.65%
Maximum Loan Amount Upto 90% of property value
Processing fee Upto 0.20%; Min 4,000; Max 17,400
Maximum Tenure 30 years
Lowest EMI Per Lakh Rs. 815 for 30 years
  • SBI plot loan interest rate starts at 7.65%.
  • SBI land loan can be availed by both salaried and self-employed with good credit score.
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SBI Plot Loan Interest Rate

Lowest SBI plot loan rate is 7.65%, as applicable based on the . Any change in will translate into a similar change in the bank’s land loan rate. SBI’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 Lakh7.70%7.65%N/A
₹ 30 Lakh - ₹ 75 Lakh7.80%7.75%N/A
₹ 75 Lakh - ₹ 1 Cr7.90%7.85%N/A
Above ₹ 1 Cr7.90%7.85%N/A

Loan for land purchase SBI

SBI 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. SBI provides the following land loans to its customers.

SBI 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 SBI plot loan interest rate ranges between 7.65% to 8.00%. However, SBI land loan interest rate may vary across borrowers based on occupation and income status.

SBI Realty Home Loan

SBI Land Loan Features

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

SBI Land Loan Benefits

Some of the benefits of availing SBI Land loan are:

SBI loan for plot purchase Eligibility Criteria

Documents Required for SBI 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 SBI Land Loan

How long will it take for SBI land loan approval?

SBI 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 SBI?

The interest rate of SBI plot loan ranges between 7.65% to 8.00%.

What is the processing fee for SBI land loans?

The processing fee for SBI land loan is Upto 0.20%; Min 4,000; Max 17,400.

Can I get a loan on land purchase from SBI?

Yes, you can get a loan for land purchase from SBI through the SBI Realty Home Loan.

Can self-employed people avail SBI Plot loan?

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

SBI 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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