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    We found 2 HDFC Plot Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.35% - 8.85% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.10,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.65% - 8.70% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.10,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    HDFC Plot Loan is Rated as "Great!" by 5550 Users
    Home Loan BYTES FROM OUR KITCHEN

    HDFC Plot Loan

    HDFC Plot Loan

    A leading provider of housing finance in the country, HDFC provides financial solutions to customers, since it came into existence. Trusted by millions, HDFC is very popular amongst its wide customer base because of the impeccable service, lucrative features and benefits, and credibility. Currently, HDFC boasts of a wide network of 378 interconnected offices, inclusive of 103 HDFC sales offices. The company also houses one office each in Dubai, Singapore, and London with the purpose of providing home loans to Non Resident Indians.

    Owning a plot of land gives you the liberty to construct a structure, on it, which is uniquely yours. Construct a house or building to cater to you needs and taste. Also referred to as land loans, plot loans are a one of its kind product offered by banks to provide financial assistance to customers for buying a plot/piece of land. Most people often confuse plot loans with home loans. This is quite prevalent mostly because home loans provides financial assistance for the purchase of a house or flat. The house or flat could either be a pre-existing one or can be constructed newly. Though the purpose of offering plot loans is similar, but the primary difference, between the two, lies in the fact that plot loans are availed for the purchase of the land on which the house or apartment is eventually constructed.

    HDFC offers innovatively designed plot loan scheme with various lucrative benefits, and affordable rates of interest. This type of loan enables borrowers to buy a plot of their choice to construct a structure, on the same, according to their requirement.

    Features and Benefits:

    What sets HDFC plot loans apart from the similar type of loan offered by its counterparts is that the loan comes with special features which have been designed keeping in mind the needs and convenience of borrowers. The same have been listed below -

    • The loan is provided with the aim of fulfilling the following purposes -
      1. Purchase of a resale plot
      2. Purchasing a land through direct allotment
      3. If you have an outstanding loan, which has been availed from another bank/financial institution, then you can transfer the same to HDFC.
    • The loan is bereft of any hidden charges.
    • Affordable and attractive interest rates. The same has been levied to make sure that availing plot loans becomes easy for customers without burning a hole in their pockets.
    • HDFC has introduced customized repayment options, for customers availing plot loans, to suit their needs.
    • The bank provides borrowers with expert legal and technical counselling regarding availing of plot loans.
    • Loan tenure can be spread out to a maximum period of 15 years. The tenure depends on various factors like age of the borrower during the time of loan maturity, age of the property at loan maturity, the repayment scheme and other terms based on the plan chosen by the customer, and as per the norms of HDFC.

    HDFC offers the 3 types of plot loans:

    Adjustable Rate Loan:

    Linked to HDFC's Retail Prime Lending Rate (RPLR), plot loans availed under this type undergoes a revision on the interest rate (once in 3 months), if there is a change in the bank’s RPLR. The change in interest rate also depends on the date of your first disbursement, with or without a change in EMI. The interest component in an EMI increases if the interest rate increases. But this also leads to the reduction of principal component, which consequently results in an extension of term of the loan.

    TruFixed Plus Loan – 2 Year Fixed Rate Variant:

    This type of plot loan provides borrowers with a part fixed rate term and a part adjustable rate term. The loan enables customers to avail a fixed rate for a maximum term of 2 years. On the expiry of this term, the loan will automatically converts to an adjustable rate.

    TruFixed Plus Home Loan – 3 Year Fixed Rate Variant:

    This type of plot loan provides borrowers with a part fixed rate term and a part adjustable rate term. The loan enables customers to avail a fixed rate for a maximum term of 3 years. On the expiry of this term, the loan will automatically converts to an adjustable rate.

    Eligibility:

    • Applicants can either avail the loan individually or jointly.
    • Proposed owners of the property need to be co-applicants of the plot loan. It is not must for every co-applicant to be a co-owner of the property (for which the loan has been availed).
    • Usually co-applicants are spouses or close family members of the primary applicant.

    Further Reading: Check Home Loan Eligibility .

    Fees and Charges:

    • The processing fee for HDFC plot loans is Rs. 2000 or 0.50% of the loan (whichever is higher).
    • Conversion fee for HDFC plot loans ranges from a minimum of 0.50% (plus taxes), of the principal outstanding, to 1.75% (of the principal outstanding in addition to the undisbursed amount and applicable taxes).
    • If the loan applicant is an individual, then no prepayment charges shall be levied on part of full prepayments.

    Documentation:

    The documents required to avail a plot loan from HDFC are as follows -

    • Valid identity proof issued by the government - passport, aadhar card, voter ID card, driving license
    • Valid copy of buyer agreement or allotment letter.
    • Passport size photographs of primary applicant and co-applicants.
    • Proof of income - salary slips of last 3 months, bank statements of last 6 months, form 16/IT returns, PAN card.

    HDFC Plot Loan FAQ

    1. I want to avail plot loan from HDFC, how can I apply for the same? 

      Firstly, you need procure a plot loan application form from the nearest HDFC branch. The same can also be downloaded from the bank’s official portal. Fill the form duly and submit it along with the required documents and processing fee cheque at any HDFC branch.

    2. I want to repay my loan earlier than the schedule. Is that possible? 

      Yes, HDFC gives an option to borrowers to repay their loans ahead of the repayment schedule. Pay a lump sum towards part or full prepayment. Please note that this will be subject to the applicable prepayment charges. HDFC also offers a loan repayment scheme called ‘Accelerated Repayment Scheme’. This is a free-of-charge facility, provided by the bank, to speed up the process of your loan repayment. This option enables borrowers to repay their loan faster by providing them flexibility to increase the EMIs every year in proportion to their increase in income.

    3. What is the procedure to repay my HDFC plot loan?

      To ensure enhanced convenience of customers, HDFC provides multiple modes for repayment of loans. Customers can choose to issue standing instructions to ensure the payment of installments via ECS (Electronic Clearing System). Borrowers also have the liberty of choosing direct deduction of monthly installments (by the bank). The same can also be done by issuing post-dated cheques from the borrower’s bank account.

    4. What are the determining factors, taken into account by HDFC, for deciding my loan amount eligibility?

      HDFC determines the loan eligibility of each customer primarily by taking into account his/her income and loan repayment capacity. Various other crucial factors are the borrower’s age, qualification, number of dependents, assets & liabilities held, savings history, income of spouse (if applicable), and stability the borrowers of job/profession.

    HDFC Plot Loan Reviews

    • HDFC Limited Home Loan
      "Process is good"
      0.5 3.5/5 "Pretty good"
      I have taken my home loan from HDFC LTD. The document process is good and there are no hassles in getting the loan through. The rate of interest and processing charges are normal. The after loan services are also good. It was convenient to get the loan with ease.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • HDFC Limited Home Loan
      "Good deal"
      0.5 4.0/5 "Great!"
      I transferred my home loan to HDFC LTD and the process was simple and easy. The process was on time. The customer support and response is good and there are no hassles in the process. The document procedure is also normal. The rate of interest and processing charges are normal. It is better when compared to Axis Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • HDFC Limited Home Loan
      "Good Experience"
      0.5 3.5/5 "Pretty good"
      I took Home Loan from HDFC Ltd since 2011, at the time interest rate was less, but HDFC Ltd have offered me interest rate around 10%. But I didn't get a better interest as per the RBI norms, then I went to the bank to avail lower interest with some processing fee. I would like to suggest, bank should be very transparent to provide reversed interest rate to the customer.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The home loan service is good with the HDFC limited. The customer support service is good with the HDFC limited. They have disbursed the loan amount within 2 weeks of time. The rate of interest and the charges are average with the HDFC limited home loan services.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 15, 2018
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have a home loan with Hdfc Ltd,the service is good with Hdfc Ltd. The documents have been collected from my door step. Hdfc Ltd staffs are good during the process. The interest rate 9.25 % which is fine compared to others,it is a excellent experience with Hdfc Ltd home loan department.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 15, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have got the home loan from the HDFC LIMITED within 20days of time after submitting all the documents. The customer support and the executives gave me prompt response in regards to my home loan application. I haven't got the required loan amount.
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 14, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The processing fee was charged 0.5%with the HDFC LIMITED, but they told there is no additional charges at all, the promises need to be fulfilled by the HDFC LIMITED. The customer support service is good with the HDFC LIMITED. I am satisfied with the loan amount.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 14, 2018
    • HDFC Limited Home Loan
      "Better service"
      0.5 3.0/5 "Satisfactory"
      Around 3 years back I got the home loan from the HDFC LIMITED. They have disbursed the loan amount within 15 to 20 days of time. The require loan amount has been given and I am satisfied with it. The rate of interest and the charges are bit high at that time .
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 14, 2018
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I got the home loan service from the HDFC limited. The HDFC limited executives are very friendly. The customer support and the response is very quick and fast from the HDFC limited. They have disbursed the required loan amount and I am satisfied with it.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 14, 2018
    • HDFC Limited Home Loan
      "Good service with the High charges"
      0.5 4.0/5 "Great!"
      I have got the home loan amount with in the promised time. The customer support service is good with the HDFC LIMITED, they have send their executives to my place to collect the documents on time. The rate of interest and the charges are average with the HDFC LIMITED.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 13, 2018
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I have got the home loan from the HDFC LIMITED within 20 days of time. The customer support service is good with the HDFC LIMITED and they sent their executives came to my place to collect the documents on time. The required loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 13, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan experience with HDFC LTD was very good, the loan amount was sufficient and the rate of interest was nominal when compared to other sources in the market. Customer service of HDFC bank was good and they collected documents on time. It was a very nice service from HDFC.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 13, 2018
    • HDFC Limited Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan with HDFC LTD and my loan experience was very good. The loan amount was for Rs 15 lakhs with the nominal rate of interest when compared to all other sources. The process was smooth and i received my loan amount on time. Customer service was good and they provided door step service to collect the documents. The tenure of this loan is 20 years and it was overall a good service from HDFC.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 13, 2018
    • HDFC Limited Home Loan
      "Hassle Free"
      0.5 4.0/5 "Great!"
      I got attractive interest rate for the housing loan from HDFC, I have taken amount of Rs. 40 lakhs, within a month they have disbursed the amount. Documentation process was little higher than other bank. I got hassle free experience I got loan without any difficulties.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 09, 2018
    • HDFC Limited Home Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      HDFC LTD is good in the process for documentation. It is was quick and easy. I am also satisfied with rate of interest and processing charges. I have taken my home loan from them and the after loan services are also good. It is smooth and easy to bank with them.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 07, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I have taken a Home loan from Hdfc Ltd. The processing was done on time, total processing time they took was 15 days, then the amount got sanctioned. So the service was good. The total loan amount I took was Rs. 8,50,000 for the period of 11 years and interest rate is 8.45%. I am happy with the loan and satisfied with the scheme.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 07, 2018
    • HDFC Limited Home Loan
      "Good "
      0.5 2.0/5 "Expected more"
      I got the Home loan with the HDFC limited and they have given me the interest rate as 8.50%. I would like to say that the processing charges were really huge one for me with them like it was around five thousand Rupees. Otherwise the online services are very good with the HDFC LTD.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 07, 2018
    • HDFC Limited Home Loan
      "Very Good"
      0.5 3.5/5 "Pretty good"
      Customer service is good one with the HDFC limited and the rate of interest was fine one for me with them like it was around 8.35% for the Home loan. I would like to say that the response is good one for me with the HDFC limited till now, which I have experienced.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 06, 2018
    • HDFC Limited Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I got the Home loan with the HDFC limited and the experience is hassle free. Its a commendable one and the customer service is an excellent one for me with them. Processing charges and other things are also good one too.
      Was this review helpful? 0
      , delhi
      Reviewed on Feb 02, 2018
    • HDFC Limited Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Rate of interest was around 8.4% for the Home loan with the HDFC limited. The loan amount got disbursed within five days of time. I would like to say that the processing charges were not on nominal end. Everything is good one with the HDFC limited.
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 02, 2018
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