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Plot Loan for Land Purchase

Finance your dream house, covering both land and construction costs. Explore the best financing options for you.

Attractive interest rates
Loan tenure of up to 20 years
Convenient balance transfer options

Step 1

Step 2

Step 3

Finish

165+

YEARS OF EXCELLENCE

130+

BRANCHES ACROSS INDIA

₹35,400+ Cr.

LOANS DISBURSED

₹16,538 Cr.

AUM AS OF DEC, 2023

Reasons to Get a Plot and Home Construction Loan

Complete financing

Effortlessly cover all your home construction needs—from buying a plot to building your house.

Nationwide access

No geographical restrictions! Purchase land anywhere in India and build your dream house.

No Prepayment Charges

Enjoy the freedom to make additional payments or prepay your floating-rate home loan without incurring any prepayment charges.

Easy Eligibility Criteria

With easy eligibility criteria for our plot plus purchase loan, experience a hassle-free process, guaranteeing instant access to the funds.

Convenient Disbursal

The loan is disbursed in various instalments to keep the home construction process going smoothly.

Balance Transfer

Seamlessly transfer your existing home loan to ABHFL and take advantage of lower interest rates without hassle.

Who Can Apply For Plot and Home Loan?

Every responsible person is beholden to buy insurance for himself and hisfamily in today's uncertain times.

Salaried

Self-Employed Professional

Self-employed Non-Professional

Get Plot and Home Construction Loan In 5 Easy Steps

STEP

Check your eligibility for the Plot and Home Construction Loan

STEP

Calculate your need and the EMI you can afford conveniently

STEP

Gather the required documents

STEP

Read the loan terms and conditions

STEP

Apply for the Plot and Home Construction Loan

STEP

04

Read the loan terms and conditions

STEP

05

Apply for the Plot and Home Construction Loan

Interest Rates
Available

Every responsible person is beholden to buy insurance for himself and his family in today's uncertain times.

For Salaried/SEP

Loan Type	Interest
For Salaried/SEP	8.85% - 15.75%

For Self Employed Non Professional

Loan Type	Interest
For Self-Employed Non-Professional	9.00% - 16.25%

Eligibility Criteria for Plot and Home Construction Loan

Before opting for a Plot and Home Construction loan, ensure you qualify by checking your eligibility here.

Eligibility criteria

NationalityIndian citizen
Minimum age for applying21 years
Maximum age at loan maturity60 years for Salaried & 70 years for Self-employed
Good credit historyA CIBIL Score of 700 or higher is ideal
EmploymentSalaried or self-employed

Note - This is an indicative list that may change based on your actual loan application.

Upto 30 Lakhs

30 Lakhs to 75 Lakhs

More than 75 Lakhs

90%

80%

75%

Disclaimer - All loans will be at the sole discretion of ABHFL.

Fees & Charges

TRANSACTIONS	CHARGES
Loan Processing/Administration Fee	Home Loans : Up-To 1% Of The Loan Amount Other Loans : Up-To 2% Of The Loan Amount
Part Payment/Pre-Closure Charges:	• Floating rate loans given to individuals, where all applicants and co-applicants are individuals: Nil • Home Loans (other than floating rate Home Loans to individuals): 2% of principal outstanding
Other Charges: Default Penal Interest Rate / Non Conformance With Any Covenants / Stipulated Conditions	24% P.A. I.E. 2% Per Month

TRANSACTIONS	CHARGES
NACH Failure Charges	₹750/- per instance
Accrued Interest	As applicable based on actual delayed status or as communicated by the lender from time to time
CERSAI Charges	when the facility amount is equal to ₹5 lakh or lesser – ₹50 per property When the facility amount is greater than ₹5 Lakh – ₹100 per property
Pre-closure Quotes	₹1,000/- per instance
Request for Any Copies of Any Collateral	₹750/- per instance
Duplicate Statement/Repayment Schedule	₹200/- per instance

TRANSACTIONS	CHARGES
Stamp Duty, Legal and other Statutory Charges, Insurance Premium, Creation Charges with ROC	As per actual, where applicable

TRANSACTIONS	CHARGES
Cheque Return Charges	₹750/- per instance
CIBIL Report Retrieval Fee	•₹50/- per instance for Consumer and • ₹500/- for Commercial CIBIL
Loan Re-Schedulement (at the discretion of ABHFL) Charges	0.50%
NOC Issuance Charges	₹500/-
Cancellation Charges (if any)	4.00% of the loan amount disbursed
Swap Charges (Fixed or semi-fixed rate to floating and vice-versa)	2% of the loan outstanding
Fees and Other Charges	Applicable GST @ 18% will be levied

Disclaimer: The above charges constitute the rack rate for all customers. Actual charges for any customer, if different, will be as communicated at the time of loan sanction and disbursal and will be subject to changes from time to time.

Documents Needed

Proof of Identity and Address

Passport/ Aadhaar Card/ Voter's ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)

Proof of Income

Salary slip for the last 3 months showing all deductions and Form 16

Bank statement showing salary

Latest 6 months

Proof of Other Income:

Rental receipts or documents showing receipt of income

Property Documents:

Copy of Title documents and approved sanction plan

Proof of Identity and Address

Passport/ Aadhaar Card/ Voter's ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)

Proof of Income

IT Returns or financial documents for the last 2 years and computation of income certified by a CA for the last 2 years

Bank statement where income is credited

Latest 6 months

Proof of Other Income:

Rental receipts or documents showing receipt of income

Property Documents:

Copy of Title documents and approved sanction plan

Customer Satisfaction Stories

Don’t just take our word for it. Hear from our customers about their successful financial journey with us

Mr. Mohammad Moosa Azmi

Aditya Birla Housing Finance Customer

Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.

Mr. B. Narsimulu

Aditya Birla Housing Finance Customer

Hyderabad, India

Mr. Kiran Narhari Deshmukh

Aditya Birla Housing Finance Customer

I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.

Mr. Vikram Balu Gavali

Aditya Birla Housing Finance Customer

Belapur, India

Different financial needs, different loans,
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Looking for a home loan? Apply online with the ABCD app and get a quick loan. Move into your dream home with a hassle-free loan process.

Seamless digital application
Check your EMIs to assess the affordability
Different loan options for different needs

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FAQs on Plot and Home Construction Loan

A plot and construction loan serves the dual purpose of financing both the acquisition of a plot and the subsequent construction of a dwelling.

Yes! The loan is versatile and applicable not only for building a house but also for renovation and expansion projects.

The plot and construction loan offers a maximum repayment period of 20 years, providing flexibility for borrowers to choose a tenure that suits their financial preferences.

Yes, eligibility criteria may include factors such as age, income, work experience, and credit history. Lenders will assess these to determine your suitability for the loan.

Yes, the plot and home construction loan can be used for both, the construction of a new house and renovation and expansion projects on an existing property.