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    We found 2 HDFC Plot Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.50% - 8.75% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.50% - 8.70% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    HDFC Plot Loan is Rated as "Great!" by 5665 Users

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    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
      "Average Experience"
      0.5 4.0/5 "Great!"
      I have got a very good services from HDFC. Documentation was very smooth. Initially they said they are providing 8.35%. The interest rates are as per standards. The processing fee is little high compared to other banks. They charged me around 9000. The customer care services is average. I have paid my 3 months EMI. I used to pay the EMI through ECS. The customer services is not upto mark. If i try to touch with them, they are not available.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2018
    • HDFC Limited Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took a home loan from HDFC Ltd for 1640000. I got the loan amount fast, I am paying the EMI of 14000 per year their service. The interest rate is also competitive when comparing to other banks in the market. The whole application process and he documentation was done in time, overall it has been a good experience.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 18, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 3.0/5 "Satisfactory"
      My home loan was taken with HDFC ltd. The loan amount was 13 lakhs and the given interest rate was 8,40% which is satisfactory. The customer service and responses was up to the mark but the process was bit slow here. The processing fee was also nominal so I would like to recommend to others.
      Was this review helpful? 0
      , delhi
      Reviewed on Jun 16, 2018
    • HDFC Limited Home Loan
      "Easy to get loan from HDFC"
      0.5 5.0/5 "Blown Away!"
      The Overall Home loan experience is good. I have taken a home loan amount of Rs. 27 Lakhs. I'm paying the EMI of Rs. 25000. I have opted the tenure of 25 years. They are offering a 8.5% interest rates but for me they charged me 9.5%. For the processing fee they charged me around 30K. Within a month i have got my loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 14, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My home loan was taken with HDFC LTD. The loan amount was 28 lakhs and the given interest rate was 8.40% which is satisfactory . The process was quite easy and hassle free . The processing fee was refundable. I am satisfied with the customer service and responsiveness.My overall experience was very good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 12, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My home loan was taken with HDFC LTD.The loan amount was 68lakhs and the given interest rate was 8.5% which is average in the market. The tenure period was 20 years .The process was quite easy and i am completely happy with it. The customer service and responses was up to the mark. Their processing fee was also nominal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 12, 2018
    • HDFC Limited Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took a home loan for 25 Lakhs from the HDFC LTD. I pay an EMI of 21000 per month. The interest rate offered by HDFC LTD is very much nominal. There were also processing charges for 0.5%. Overall it has been a smooth loan experience which I had with HDFC LTD till date.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 11, 2018
    • HDFC Limited Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My home loan was taken with HDFC LTD The loan amount was 10 lakhs and the given interest rate was 8.45% which is satisfactory . Their customer service and responses was up to the mark.The executives were very lethargic and they were not proactive.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 08, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My home loan was taken with HDFC LTD. The loan amount was 14 lakhs and the interest rate was 8.65% which is average. The process was very good and the documentation was very easy .The loan was approved on time here and the processing fee was nominal.
      Was this review helpful? 0
      , delhi
      Reviewed on Jun 08, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My home loan was taken with HDFC LTD. The loan mount was 30 lakhs and the given interest rate was 8.45% which is satisfactory . The customer service and responses was up to the mark.The processing fee was 8,500 and they have sanctioned the loan within the committed time.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 08, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan from HDFC LTD and my experience was good, the loan amount was for Rs 15 lakhs with rate of interest of 8.4% which is nominal in the market. The process was quick and i received my loan amount on time. The tenure period for this loan is 30 years.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 05, 2018
    • HDFC Limited Home Loan
      "Average"
      0.5 1.0/5 "Really Bad"
      My home loan was taken with HDFC LTD. The customer service e and responses was not good at all. The executives were not good and they have taken much tie for the process. The loan amount was 5lakhs and the interest rate was bit higher than other banks.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 05, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan application was approved with HDFC ltd and the experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to other sources. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , delhi
      Reviewed on May 31, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My home loan application was closed with HDFC LTD, the reason why the application is closed is because the broker did not accept the property by loan. Customer service was good and they followed up on time. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , chennai
      Reviewed on May 31, 2018
    • HDFC Limited Home Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      I have taken this loan almost two years back, the process has been very good with them. They have provided with a good interest rate and the process has been got over in 10-15 days and i have been satisfied with the loan amount. The process has been smooth and there has not been any issues.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 31, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      My home loan application was closed with HDFC LTD because the location was out of the geographical coverage. When it comes to customer service, it was good and they followed up on time. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , delhi
      Reviewed on May 29, 2018
    • HDFC Limited Home Loan
      "Needs to improve on customer service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan from HDFC LTD, my loan application was closed because i have taken loan from other bank. Customer service was not up to the mark as their response was delayed. The rate of interest of 8.4% was nominal when compared to other sources.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 29, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan application was closed with HDFC LTD, the reason why the application is closed is because i have taken loan from other bank. Customer service was good with HDFC LTD and they followed up on time. The rate of interest of 8.55% is little high when compared to others.
      Was this review helpful? 0
      , pune
      Reviewed on May 29, 2018
    • HDFC Limited Home Loan
      "Need to reduce ROI"
      0.5 2.0/5 "Expected more"
      My home loan application was closed with HDFC LTD because i have postponed the plan to get the home loan. Customer service was good with HDFC LTD, they followed up on time and their response was on time. The rate of interest was high when compared to other sources.
      Was this review helpful? 0
      , pune
      Reviewed on May 28, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan application was approved by HDFC LTD and the experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. The process took 1 month to complete and the documents were collected on time.
      Was this review helpful? 0
      , pune
      Reviewed on May 24, 2018
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