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    SBI Plot Loan

    One of the oldest PSU banks in the country, SBI plot loan is, for many, a reliable option for home loans. Its attractive schemes, transparent policies, and flexible repayment options have enabled the bank to be a leader in the market for home loans.

    We found 1 SBI Plot Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.30% - 8.65% Floating
    ₹2,000 to ₹10,000 + applicable tax
    -
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
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    Good to Know
    SBI Plot Loan is Rated as "Great!" by 1250 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    State Bank of India is India’s largest lender and is a government owned corporation. SBI is also the largest financial services and banking company in the country by assets. Founded in 1921, the bank currently has over 17,000 branches including 190 foreign offices. SBI has become a household name in India for banking and has an extensive presence in rural and semi-urban areas. SBI is also an active contributor to the Pradhan Mantri Jan Dhan Yojana (PMJDY) schemes and presently, holds over 30 lakh account. SBI offers a suite of banking solutions like deposits, loans, insurance and accounts for individuals, SMEs, NRIs and corporates. SBI housing loan portfolio offers unique loan products with customer-centric products and is very popular amongst Indians. For customers who want to purchase a plot and construct the home of their dreams, SBI offers loans for plot purchase.

    SBI realty home loan

    This is a plot loan, sometimes known as land loan, offered by SBI that enables a borrower to buy a plot for the purpose of construction. However, the construction of the unit should take place within 5 years of the loan being sanctioned. This SBI land loan offers a maximum loan amount of Rs.15 crore.

    Features of SBI realty home loan

    • This SBI plot loan interest rate is competitive and affordable
    • This land loan also associated with a low processing fee
    • There’s no hidden charges while availing the SBI plot loan
    • SBI realty home loan doesn’t charge for prepayment
    • Interest on this SBI plot loan is charged on the daily reducing balance method
    • The repayment period for this can go upto 10 years
    • SBI realty home offers a concession on interest for women employees.

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    SBI plot loan interest rates for salaried individuals

    Category Upto Rs.75 lakh Above Rs.75 lakh
    Women borrowers 8.95% p.a. 9.00% p.a.
    Other borrowers 9.00% p.a. 9.05% p.a.

    SBI plot loan interest rates for self employed individuals

    Category Upto Rs.75 lakh Above Rs.75 lakh
    Women borrowers 9.15% p.a. 9.20% p.a.
    Other borrowers 9.20% p.a. 9.25% p.a.

    SBI land loan processing fee

    0.35% of the total loan amount, upto a maximum of Rs.10,000, and a minimum of Rs.2,000.

    SBI land loan Pre-sanction fee

    • An advocate’s fee will be charged for investigation and search report
    • A valuer’s fee also will be charged for the valuation report

    SBI land loan Post-sanction fee

    • Stamp duty charges will be levied for the loan agreement
    • Insurance charges will be levied on the borrower
    • Registration fee too will have to be borne by the borrower

    SBI plot loan eligibility criteria

    • The applicant for the SBI plot loan must be an Indian resident
    • The applicant minimum Age: 18 years
    • The applicant maximum Age: 70 years
    • The maximum loan tenure for the SBI plot loan is 10 years

    SBI plot loan documents required

    • Identification card from the employer
    • Duly filled loan application
    • 3 passport size photographs
    • Identity proof: Passport, Voters ID, PAN card, Driving licence
    • Proof of residence: Telephone Bills, Voters ID card,Electricity Bill, Property tax receipt, Passport
    • In case of non salaried applicants, a proof of business address must be provided
    • Bank statement or passbook statement for the last 6 months
    • Identification signatures from the current bank
    • Statement of personal liabilities and assets
    • Salary statement from employer in case of a salaried applicant
    • Form 16 / IT returns of the last two years
    • Receipt of Income Tax paid in case of a self employed applicant
    • Copy of income returns in case of a self employed applicant

    Documentation for guarantor, if applicable

    • Personal assets and liabilities statement
    • 2 passport size photographs
    • Identification documents as mentioned above
    • Proof of residence as mentioned above
    • Proof of business as mentioned above
    • Identification signatures from the present bank

    SBI Plot Loan FAQ:

    1. In what situations in SBI plot loan beneficial?

      If you want to buy a house but currently can’t afford it or when you want to buy just a plot for investment purposes, SBI plot loans will be highly beneficial. As an added benefit, you can also avail extension loans for construction of houses if you want to.

    2. In case of agricultural plot loans, the loan amount is considered for what purposes?

      The loan amount may be considered for the purposes of purchase of farm equipments, stamp duty and registration charges, cost of land and for development of irrigation facilities and land development not exceeding 50% of the land cost.

    3. Do we have gestation period for agricultural plot loans?

      Yes, gestation period will be 2 years in case of land to be developed and will be a maximum of 1 year in case of developed land. After the gestation period, a maximum of 9 to 10 years can be taken for repayment of loan.

    4. How to apply for SBI plot loans?

      Customers can visit the nearest branch officer or enquire with the SBI marketing officers. Alternatively, customers can also choose to apply online.

    5. What quantum of loan will be offered as loan for the purchase of agricultural plots?

      A maximum of 85% of the cost of the land as assessed by the bank will be provided. The quantum of plot loan is also based on the security (maximum of Rs.5 lakhs)

    Home Loan - Sitemap

    SBI Plot Loan Reviews

    • SBI Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      SBI housing interest rate is good around 7.3% for the total tenure of 20 years, its a floating interest. I directly approached the branch the response is not upto the mark. The guy who taken initial he was fine all the process done on the time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 09, 2018
    • SBI Home Loan
      "Process should be faster"
      0.5 4.0/5 "Great!"
      Too much of documentation and the time period taken around 35 to 40 days compared to other banks. I keep visiting to the bank for the loan process, because of lower interest I approached SBI bank. In market if the property documents is perfect then we can go head for SBI home loan.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 07, 2018
    • SBI Home Loan
      "Customer support response should be improved"
      0.5 1.0/5 "Really Bad"
      Earlier I had loan of SBI, whenever I need any clarification I need to visit home branch they wont provide proper service, I could check the balance amt of the loan because of the service issue I went to Axis. Then I have switched over Axis, the processing fee is minimum.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 07, 2018
    • SBI Home Loan
      "Trusted parter for loan"
      0.5 5.0/5 "Blown Away!"
      I have purchased a home loan with SBI. In 2014, i bought my home loan. Since the builder is helping to get a loan with them. I'm satisfied with the interest rate and processing fee. I have received the loan on time. I'm paying the EMI of Rs. 15000. I have chosen the tenure period of 25 years. I never interacted with SBI customer care as of now.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 05, 2018
    • SBI Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The process is good and the documentation is simple it took a long time to get the money. I am using this from past 3-4 months. The loan amount is satisfactory and the rate of interest is for 8.7% which is a floating. The duration is for 30 years to repay the loan.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 02, 2018
    • SBI Home Loan
      "Recommendable loan product"
      0.5 5.0/5 "Blown Away!"
      When I took home loan, they gave me around 8% of interest, now they increased around 8.5%, I am happy about the floating interest for the tenure of 20 years. The loan processing is good, but they do have paper work. Its is fair because customer without going for second legal SBI do the complete verification.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 01, 2018
    • SBI Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the housing loan with the STATE BANK OF INDIA where the process of taking the home loan at the beginning is very easy also it is simple process and the documentation process is easy. The rate of interest is nominal with the fixed and now it is floating. The duration is for flexible to repay the loan.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 30, 2018
    • SBI Home Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      SBI home loan experience was good,t he process was very convenient they might have collected lots of documents from me. But the relationship is good though its a long term loan. The interest rate is best than other bank. They are prompt in housing loan.
      Was this review helpful? 4
      , new delhi
      Reviewed on Nov 26, 2018
    • SBI Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have been holding my home loan with State Bank of India for a while, it government bank there support team is not much co-operative,they dont response well if any issue i have i need to go bank to solve my issue, and the loan amount they have given me was sufficient, and the rate of interest and processing fee they have charged me was nominal, and the tenure period i have taken up to 20 years.
      Was this review helpful? 4
      , pune
      Reviewed on Nov 25, 2018
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My housing loan was taken with STATE BANK OF INDIA , the tenure period is 15year . I sue to pay EMI on time .There rate of interest is nominal they have charge me, customer service is good they have explain me about everything relating to loan was clear.
      Was this review helpful? 4
      , kochi
      Reviewed on Nov 25, 2018
    • SBI Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my home loan with State bank of India, there rate of interest is nominal they have charge me, and I have purchased a residential home. SBI has provided they required amount. The customer service and response is good, they have not charge any processing fee and loan amount they have given up to 65,00,000 lakh and it is sufficient for me and they customer service is good they have explain me about everything relating to loan was clear.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 21, 2018
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using home loan with State bank of India, there service is too good, they have given me sufficient loan amount and the rate of interest they have charged me was nominal , and the processing fee also was charged nominal only, they have not charged any hidden charges there service is good.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Nov 21, 2018
    • SBI Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my home loan with State bank of India, there service is good, the loan amount they have given me less it was not sufficient i had expected up to 20,00,000 but they have 17,50,000 only and the rate of interest use to get fluctuated previously it was 10.45% and now it is up to 9% it is nominal for me.
      Was this review helpful? 3
      , mumbai
      Reviewed on Nov 20, 2018
    • SBI Home Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      I have taken a home loan with SBI and my experience was good, the loan amount was for Rs 50 lacs with nominal interest rate when compared to others. I received my loan amount within 2 weeks. The tenure period for this loan is 20 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 20, 2018
    • SBI Home Loan
      "Need to improve the customer care"
      0.5 4.0/5 "Great!"
      They are not good in their customer support. The rate of interest is more when i compared with other banks. I have taken the home loan in 2012. Its not easy to get a loan from SBI. I have purchased the loan amount of Rs. 5 lakhs and they have given the interest rate of 10.25% when i purchase the loan now they have changed upto 9.25%. If i want to get any information about the loan, in the customer care, its taking more time consumption or else i have to visit the home branch and the repsonse was not upto the mark.
      Was this review helpful? 4
      , bangalore
      Reviewed on Nov 16, 2018
    • SBI Home Loan
      "Good experience"
      0.5 3.5/5 "Pretty good"
      I have taken a home loan with SBI and my experience was good, the loan amount was for Rs 33 lacs with nominal interest rate when compared to others in the market. Customer service was good and there are too many hidden charges. The tenure period for this loan is 30 years.
      Was this review helpful? 4
      , kolkata
      Reviewed on Nov 16, 2018
    • SBI Home Loan
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      The experience with this home loan has not been good where the process has taken more time than usual. But they had been having the best interest rate, the charges which they had been making has been very high. Especially the check bounce charges has been high.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Nov 13, 2018
    • SBI Home Loan
      "Happy with the interest rate and home product"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in State Bank of India. It is good and satisfied with the interest rate. They are charged around 9% for the home loan. The loan duration is 10 years and I have completed almost 7.9 years. I took a loan in 2010. There are no charges for the foreclosure.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 13, 2018
    • SBI Home Loan
      "Recommendable bank for home loan "
      0.5 5.0/5 "Blown Away!"
      As per market rates, SBI home loan is best. Till now i have not faced any problems with SBI. I have not contacted their customer care service because of the SBI branch is next to my office. The branch response is absolutely fine. In the current scenario they are charging very good interest rates. I have chosen SBI because its a nationalized loan and i can able to choose the long time credibility and the rate of interest is very low.
      Was this review helpful? 1
      , kolkata
      Reviewed on Nov 13, 2018
    • SBI Home Loan
      "Good "
      0.5 4.0/5 "Great!"
      The interest rate is very less when I compared to other banks. I have purchased a residential home. SBI has provided they required amount. The customer service and response is good. I have taken of 20 years and need to pay 27K for a month. There is an option for pre closure but I didn't apply for it.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 10, 2018
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