HDFC Ltd Plot loans

Since 1977, HDFC has been trusted to make home ownership easier. They are known for helping people buy homes and are now offering competitive Plot Loans. You can learn about financing options for buying land with HDFC. Scroll through the page and take the first step to making your dream home.  

HDFC Plot Loan Interest Rates

Here are the HDFC Plot Loan interest rates:

HDFC Plot Loan Fees and Charges

Here are the fees and charges associated with HDFC Plot Loans:

• Processing Fees: Up to 0.50% of the loan amount or Rs. 3000/- (whichever is higher) + applicable taxes.
• Prepayment/Part Payment Charges: As per HDFC Bank’s policy.
• Pre-closure Charges: Applicable; details are provided at loan processing.
• Other Charges: These include stamp duty, MOD, MOE, registration charges, and fees by regulatory bodies and third parties.
• Incidental Charges: Cover actual costs and expenses related to loan processing.

HDFC Plot Loan Eligibility Criteria for Salaried

Here are the eligibility criteria for HDFC Plot Loans for salaried individuals:

• Age: 18 to 70 years.
• Nationality: Resident Indian.
• Profession: Salaried.
• Income: Must meet HDFC Bank’s specified income criteria.
• Other Factors: The applicant’s profile, age at loan maturity, and investment history may also be considered.

HDFC Plot loan Eligibility Criteria for Self-Employed

For self-employed individuals, here are the eligibility criteria for HDFC Plot Loans:

• Age: 18 to 70 years.
• Nationality: Resident Indian.
• Profession: Self-employed professionals (like doctors, lawyers, architects, etc.) or self-employed non-professionals (like traders, contractors, etc.).
• Income: Must demonstrate a stable income and meet HDFC Bank’s specified criteria for self-employed individuals.
• Other Factors: The applicant’s financial stability, age at loan maturity, and investment history may also influence eligibility.

HDFC Plot Loan Documents Required for Salaried

Here are the documents required for salaried individuals applying for HDFC Plot Loans:

• KYC Documents: PAN Card/Form 60, Identity proof, Address proof.
• Income Documents: Salary slips (last 3-6 months), Form 16 (last 2 years), Bank statements (last 3-6 months).
• Property Related Documents: Title deeds of the plot, Sale agreement (if applicable).
• Other Requirements: Completed HDFC Plot Loan application form and additional documents as specified.

HDFC Plot Loan Documents Required for Self-Employed

Here are the documents needed for self-employed individuals applying for HDFC Plot Loans:

• KYC Documents: PAN Card/Form 60, Identity proof, Address proof.
• Income Documents: Last 2 years Income Tax Returns (ITR), Profit and Loss statement & Balance Sheet certified by CA.
• Business Proof: Business continuity proof.
• Property Related Documents: Title deeds of the plot and sale agreement.
• Other Requirements: Completed HDFC Plot Loan application form and additional documents as specified.

Features of HDFC Plot Loans

Here are the features of HDFC Plot Loans:

• Used for buying residential plots to build homes.
• Up to a percentage of the plot cost, based on eligibility.
• Repayment period is up to 15 years.
• Easy application with minimal paperwork.
• Allows partial payments towards the loan.

Things to Remember While Applying for an HDFC Plot Loan

Here are key considerations when applying for an HDFC Plot Loan:

• Ensure you meet age, income, and other eligibility criteria.
• Gather necessary KYC, income, and property-related documents.
• Understand the maximum loan amount based on your eligibility and plot value.
• Check current interest rates linked to HDFC Bank’s Repo Rate. Choose a repayment tenure that suits your financial capability.
• Be aware of processing fees, prepayment charges, and other applicable fees.
• Verify all legal aspects of the plot with HDFC Bank. Utilise HDFC Bank’s customer service to assist during the application process.