• loading

    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 5612 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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!"
      The application process of HDFC LTD for home loan was delayed initially and later on the response from the customer service was very good. The loan amount was based on my requirement and the rate of interest of 8.35% was nominal when compared to other banks.
      Was this review helpful? 0
      , lucknow
      Reviewed on May 20, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The home loan application was approved with HDFC LTD and the experience was good. The rate of interest was bit high when compared to other sources. Documents were collected on time and the customer service was good. The process was long and it took 1 month to disburse the loan amount.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 20, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My experience with HDFC LTD for home loan was good, the process was smooth and i received my loan amount within 2-3 weeks. Customer service was good and they collected documents on time. The rate of interest was nominal and the loan amount was based on my requirement.
      Was this review helpful? 0
      , chennai
      Reviewed on May 20, 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 rate of interest of 8.35% is nominal rate when compared to other sources. The process took 2 months to complete and the loan amount to get disbursed. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , nagpur
      Reviewed on May 20, 2018
    • HDFC Limited Home Loan
      "Needs to improve"
      0.5 3.0/5 "Satisfactory"
      I have my home loan application approved with HDFC LTD and the experience was satisfactory. Initially the rate of interest was high as the property was not listed on the bank norms, later they changed the rate of interest to 8.35%. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , pune
      Reviewed on May 20, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan experience was good with HDFC LTD, the process was quite long and it took 15-20 days to receive the loan. 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 collected documents on time.
      Was this review helpful? 0
      , jaipur
      Reviewed on May 20, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my home loan application approved with HDFC LTD and the experience was good, the process took 2 weeks to complete. Customer service was good and they followed up on time. The rate of interest and charges are nominal when compared to all other sources.
      Was this review helpful? 0
      , delhi
      Reviewed on May 20, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan experience was good with HDFC LTD, the loan amount was based on my requirements and the rate of interest was nominal when compared to all other sources in the market. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , kochi
      Reviewed on May 20, 2018
    • HDFC Limited Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      The application process was very smooth with HDFC LTD for home loan, i received my loan amount within 10 days. The rate of interest and the processing charges were nominal when compared to all other sources. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2018
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have taken this loan almost five years back, the interest rate initially was 10.9% and now it had been to 8.8%. It was overall an easy and smooth process taking this home loan from them. The document submission was smooth and easy, and the process was very quick and it had took very less time. Their customer service was also good.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the home loan from HDFC LTD. When it comes to customer service, they responded on time, furnished all required details of the loan and they followed up correctly. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2018
    • HDFC Limited Home Loan
      "Wrong information for ROI"
      0.5 3.0/5 "Satisfactory"
      My home loan application was closed with HDFC LTD, the reason why the application is closed because i have taken a home loan from other source. Customer service was good and up to the mark but the rate of interest was high when compared to all other sources.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 18, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have my home loan application closed with HDFC LTD, my loan application was closed because there was no requirement of loan as of now. Customer service was good with HDFC as they responded on time. The rate of interest of 8.35% is nominal when compared to other sources.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 18, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from HDFC LTD, the reason why my application was closed is because i was not having the proper documents and also it took long time to fulfill the requirements. Customer service was good and they responded on time. The rate of interest of 8.45% is high when compared to all other sources.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2018
    • HDFC Limited Home Loan
      "Need to reduce ROI"
      0.5 3.0/5 "Satisfactory"
      My home loan application with HDFC LTD was not approved because there was no requirement of loan as of now and also i have postponed the plan to get the home loan. Customer service was good and they followed up on time. The rate of interest of 8.4% is high when compared to other sources.
      Was this review helpful? 0
      , pune
      Reviewed on May 17, 2018
    • HDFC Limited Home Loan
      "Needs to improve"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan from HDFC LTD, my loan application was closed because i did not have the salary payslip without which they cannot proceed. Customer service was not up to the mark as their response was delayed and the rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , pune
      Reviewed on May 17, 2018
    • HDFC Limited Home Loan
      "Need to reduce ROI"
      0.5 4.0/5 "Great!"
      I have closed my home loan application with HDFC LTD, the reason behind closing the application is, i have postponed the plan to get the home loan. Customer service part was good and they responded on time. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , dehradun
      Reviewed on May 17, 2018
    • HDFC Limited Home Loan
      "Needs to improve on customer service"
      0.5 2.0/5 "Expected more"
      My home loan application was closed with HDFC LTD, the reason why my application was closed is because there was no proper response from the customer service of HDFC and they did not follow up on time. The rate of interest of 8.35% was nominal when compared to other sources.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 17, 2018
    • HDFC Limited Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have directly taken a home loan from the HDFC LTD and my experience was good, the loan amount was based on my requirements and the rate of interest was good. The process was quick and i received my loan amount within 3 days. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , delhi
      Reviewed on May 17, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from HDFC LTD, my loan application was closed because i have postponed the plan to get the home loan. When it comes to customer service, it w as good and they followed up on time. The rate of interest of 8.4% is high when compared to other sources.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 17, 2018
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.