Aditya Birla Finance Plot loans

We all know the Aditya Birla Group – they're everywhere. Aditya Birla Finance understands that buying land is a big deal. Whether you're building your dream home or making a smart investment, they are at your service. That's why they created the Plot Loan, designed to help you get the desired land.

Aditya Birla Finance Plot Loan Interest Rates

Below, you can see the exciting interest rates of the Aditya Birla Finance plot loan:

Aditya Birla Finance Plot Loan Fees and Charges

Here is a list of fees and charges that might come along with your Aditya Birla Finance plot loans:

• Processing Fees & Charges: Up to 1% of the loan amount for home loans.
• Conversion Fee: Applicable as per terms.
• Statutory and Legal Charges: As applicable.
• Miscellaneous Receipt Transactions Charges: As applicable.
• Cheque Return Charges: ₹750 per instance.
• CIBIL Report Retrieval Fee:
  • ₹50 per instance for Consumer CIBIL.
  • ₹500 per instance for Commercial CIBIL.
• Pre-closure Quotes: ₹1,000 per instance.
• Request for Any Copies of Any Collateral: ₹750 per instance.
• Duplicate Statement/Repayment Schedule: ₹200 per instance.
• Loan Re-Schedulement Charges: 0.50%.
• NOC Issuance Charges: ₹500.
• Cancellation Charges: 4.00% of the disbursed loan amount.
• Swap Charges (Fixed or semi-fixed rate to floating and vice-versa): 2% of the loan outstanding.
• GST: Applicable GST at 18% will be levied on fees and charges.

Aditya Birla Finance Plot Loan Eligibility Criteria for Salaried

The eligibility criteria for salaried individuals applying for a plot loan from Aditya Birla Finance:

• Nationality: Indian citizen.
• Minimum Age: 21 years.
• Maximum Age: 60 years at loan maturity.
• Income: Salaried individuals with a stable income.
• Credit Score: A good CIBIL score of 700 or higher is preferred.
• Employment: Regular employment with a reputed company.

Aditya Birla Finance Plot loan Eligibility Criteria for Self-employed

Eligibility criteria for self-employed individuals applying for a plot loan from Aditya Birla Finance:

• Must be an Indian citizen.
• It should be at least 21 years old, and the maximum age at loan maturity should not exceed 70.
• Minimum 2-3 years of consistent profitability.

Aditya Birla Finance Plot loan Documents Required for Salaried

Here are the documents required for salaried individuals applying for a plot loan from Aditya Birla Finance:

• Proof of Identity and Address:
  • Passport
  • Aadhaar Card
  • Voter’s ID Card
  • Driving License
• Proof of Income:
  • Salary slips for the last 3 months
  • Form 16 from the employer
• Bank Statements:
  • Bank statements showing salary credits for the last 6 months
• Property Documents:
  • Copy of title documents of the plot
  • Approved sanction plan from relevant authorities

Aditya Birla Finance Plot loan Documents Required for Self-Employed

Here are the documents required for self-employed individuals applying for a plot loan from Aditya Birla Finance:

• Passport, Aadhaar Card, Voter’s ID Card, or Driving License. These documents establish your identity and residential address.
• Submit Income Tax Returns (ITR) for the last 2 years. These should be accompanied by the computation of income certified by a Chartered Accountant (CA), verifying your annual earnings.
• Present bank statements for the last 6 months. These statements should reflect regular business income credits, providing evidence of your financial transactions.
• Include a copy of title documents for the plot you intend to purchase, along with the approved sanction plan issued by relevant authorities. This verifies your ownership and legality of the property.
• If applicable, provide a business registration certificate and GST registration certificate. These documents establish your business’s legal status and compliance.
• Provide Profit and Loss statements for the last 2 years, duly certified by a CA. Additionally, include Balance Sheets for the same period. These documents demonstrate the financial health and stability of your business.
• Include a partnership deed (if applicable) or Memorandum and Articles of Association (for companies). These documents are required to verify the structure and governance of your business entity.

Features of Aditya Birla Finance Plot loans

Here are the features of Aditya Birla Finance Plot loans:

• Offers financing tailored to your plot purchase needs.
• Attractive interest rates to make your loan more affordable.
• Expedited loan approval and disbursal process.
• Enjoy extended repayment periods for ease of repayment.
• Flexible Equated Monthly Installment (EMI) plans based on your financial capabilities.
• Transparent fee structure with no hidden costs.
• Option to make part payments to reduce your interest burden.
• Facility to transfer your existing plot loan to Aditya Birla Finance for better terms.
• Simplified documentation requirements for hassle-free processing.
• Dedicated relationship managers to assist you throughout the loan process.

Things to Remember while Applying for an Aditya Birla Finance Plot Loan

List of things to remember while applying for an Aditya Birla Finance Plot Loan:

• Check Eligibility: Ensure you meet the loan eligibility criteria.
• Gather Documents: Collect all required documents accurately.
• Understand Costs: Know the interest rates, fees, and charges involved.
• Plan Repayment: Decide on a suitable loan tenure and calculate EMIs.
• Read Terms: Review the loan agreement thoroughly before signing.
• Ask Questions: Seek clarification on any doubts from the lender.