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    We found 2 HDFC Plot Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.45% - 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
    8.40% - 8.65% 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 5584 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
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan from HDFC LTD and my loan experience was good, the process was smooth and i received my loan amount on time. The loan amount was for Rs 20 lakhs with the rate of interest of 8.35% which is best rate in market. Customer service was good and the tenure period of this loan is 10 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 16, 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 good, the loan amount was for Rs 7.5 lakhs with nominal interest rate when compared to other sources. Customer service was good and they followed up on time. The tenure period of this loan is 11 years.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 14, 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 good, the loan amount was for Rs 25 lakhs with less interest rate of 8.35%. The tenure period of this loan is 12 years and there are no charges on preclosure. The process was smooth and i received my loan amount within 10 days.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 12, 2018
    • HDFC Limited Home Loan
      "Good. Can do better in the charges"
      0.5 4.0/5 "Great!"
      HDFC LTD can be recommendable to others only if they want a fast process and are looking for a higher amount. But they need to work on the interest rate and charges. The processing fees was around 12K where as other banks was having a zero fee. The rate of interest was 8.5% on a floating basis and when RBI reduced the rate, HDFC LTD took three months to reduce my rate to 8.4% and I also had to pay a fee of 3 to 4k for the interest rate reduction.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 12, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The transparency in the rate of interest and in terms of financial implementations is not up to the mark with the HDFC LIMTED. The customer support service is good with the HDFC LIMTED and they have disbursed the loan amount within the promised time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Apr 11, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I have my home loan with HDFC LTD which was taken 8 years back. They have offered 10.7% interest rate which is bit high than other banks for 6,70,000 lakhs. The tenure period was 20 year s. The loan was approved on time and the processing fee was also nominal.I am satisfied with the customer service and responses .
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 11, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan with HDFC LTD and my experience was good, the loan amount was for Rs 25 lakhs with nominal interest rate when compared to all other sources. The process was smooth and i received my loan amount on time. Customer service was fine and the tenure period of this loan is 20 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 05, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan with HDFC LTD and my loan experience was good, the loan amount was for Rs 5 lakhs with rate of interest of 9.75% which is nominal rate when compared to other banks. Customer service is good, they followed up on time and the tenure of this loan is 15 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 02, 2018
    • HDFC Limited Home Loan
      "Below average service"
      0.5 2.0/5 "Expected more"
      Got the home loan from the HDFC limited around a 6 years ago. The customer support service is below average with the HDFC limited, because of the HDFC limited service I have changed the home loan to the axis bank. The rate of interest and charges were also high. The promises were not fulfilled too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 27, 2018
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Got the home loan experience from the HDFC LIMITED. I have got the loan amount within 15days of time. The customer support is excellent with the HDFC LIMITED and they have supported me a lot in getting the home loan. The rate of interest and the charges are average with the HDFC LIMITED.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 27, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan experience with HDFC LTD was good, the process was smooth and i received my loan amount on time. The loan amount was for Rs 30 lakhs with nominal interest rate when compared to other banks. Customer service was fine, they responded on time and tenure of this loan is 15 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 23, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan with HDFC ltd which was taken 1 years back. The loan amount was 16 lakhs and the interest rate was 9.2% which is average in the market . The process was smooth and hassle free . They've sanctioned the loan within the committed time and they have provided door step service for collecting documents .
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 22, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I have my home loan with HDFC LTD which was taken few months back. The loan amount was 16 lakhs and the interest rate was 8.35% which is average in the market . The tenure period was 15 years . The process was quite easy here . They have sanctioned the loan within the committed time and there is no processing fee at all so I would like to recommend this institution to others.
      Was this review helpful? 0
      , jaipur
      Reviewed on Mar 22, 2018
    • HDFC Limited Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a housing loan with HDFC LTD and my loan experience was very good. The loan amount was for Rs 10.5 lakhs with nominal rate of interest when compared to other sources in the market. I have no issues with the customer service, they responded on time and their service was good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 22, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my home loan with HDFC ltd which was taken 5 years back. The loan amount was 19 lakhs and the interest rate was 8.45% which is average in the market ., The tenure period was 20 years and the processing fee was 1000. The loan process was quite easy and smooth. They have sanctioned the loan within the committed time .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 21, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan with HDFC LTD and my loan experience was good. The loan amount was for Rs 35 lakhs with nominal interest rate when compared to other banks. The process was smooth and i received my loan amount on time. Customer service was good and they followed up correctly. The tenure of this loan is 15 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 19, 2018
    • HDFC Limited Home Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The customer support was good with the HDFC LIMITED . The loan amount has been given with in the time period and the service was better with the HDFC LIMITED in regards to home loan service and I would say I am satisfied with the HDFC LIMITED home loan service.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 19, 2018
    • HDFC Limited Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Around 5 years ago, I have got the home loan from the HDFC LIMITED, and I have closed it recently . The customer support service is average with the HDFC LIMITED, they give average service to the customers. The rate of interest and the charges are high with the HDFC LIMITED.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 16, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan experience with HDFC LTD was good, the loan amount was for Rs 35 lakhs with nominal interest rate when compared to other banks. The tenure of this loan is 20 years and the customer service was very good. There was no delay in the service, follow up was done correctly and i received my loan amount within the given time.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 14, 2018
    • HDFC Limited Home Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I have got the home loan service from the HDFC LIMITED and I have got the required loan amount from the HDFC LIMITED and they have disbursed the loan amount with in a month time. The rate of interest and the charges are average with the HDFC LIMITED.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Mar 13, 2018
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