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Plot Loan for Land Purchase
Attractive interest rates- Loan tenure of up to 20 years
- Convenient balance transfer options
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
Check your eligibility for the Plot and Home Construction Loan
Calculate your need and the EMI you can afford conveniently
Gather the required documents
Read the loan terms and conditions
Apply for the Plot and Home Construction Loan
04
Read the loan terms and conditions
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
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
Aditya Birla Housing Finance Customer
Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.
Aditya Birla Housing Finance Customer
Hyderabad, India
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.
Aditya Birla Housing Finance Customer
Belapur, India
Different financial needs, different loans, one app - ABCD
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.
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Seamless digital application -
Check your EMIs to assess the affordability
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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.
