A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • loading

    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.
    More

    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
    Documents
    Perks
    Think about
    Good to Know
    SBI Plot Loan is Rated as "Great!" by 1320 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.

    Maha March Home Loan Offer On BankBazaar:

    • Offer Run Date: 1st March 2019 to 31st March 2019.
    • Offer on Home Loan: Get RS. 5000 Amazon gift voucher on disbursal.
    • Eligibility Cut-off: All home loan disbursed cases on or before 30th June 2019.
    Click Here to Apply

    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
      "Best bank to buy a loan "
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan from State Bank of india since 5 years back. The loan amount was Rs. 11,00,000 i received the amount within a month.I went directly bank and given my documents. Preclosure charges is good rate of interest is 9. %. Customer service is good.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Mar 16, 2019
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My housing loan was taken with STATE BANK OF INDIA , the services was good and process was smooth , i receive the loan on time . The tenure period is sufficient and they charge nominal rate of interest which is nominal in the market . I receive my loan on time no delay .
      Was this review helpful? 5
      , bangalore
      Reviewed on Mar 15, 2019
    • SBI Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having a home loan with State Bank of India and it was excellent. It was taken 2 years ago and the loan tenure is 30 years. It was very helpful to purchased the residential property. I think, it was floating interest which am satisfied. There was no processing fee for me.
      Was this review helpful? 3
      , mumbai
      Reviewed on Mar 15, 2019
    • SBI Home Loan
      "Cheap and Best"
      0.5 4.0/5 "Great!"
      I took housing loan from SBI, the process was not clear, it took long time for the disbursement. The communication was not proactive at the time, they didn't disclose what are the documents they were required. Compared to other banks interest and benefits are good.
      Was this review helpful? 3
      , chennai
      Reviewed on Mar 15, 2019
    • SBI Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been taken housing loan with State bank of India,The loan amount was sufficient,like based on my requirement they have given me loan,The rate of interest which they have charged me was nominal,and even the processing fee they have charged me was nominal,the loan was on time,still this loan is running.
      Was this review helpful? 3
      , pune
      Reviewed on Mar 13, 2019
    • SBI Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have been using the housing loan with the STATE BANK OF INDIA since from last 2 years. The documentation process was simple and the customer service is prompt. They have given the sufficient loan amount. The rate of interest was 8.5% and it is floating.
      Was this review helpful? 3
      , guwahati
      Reviewed on Mar 08, 2019
    • SBI Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have a Personal loan with STATE BANK OF INDIA . The loan amount was satisfactory with tenure period of 15 years. Documents were collected on time and the customer service was good. Rate of interest was nominal with this bank. The process was quick .
      Was this review helpful? 3
      , sibsagar
      Reviewed on Mar 07, 2019
    • SBI Home Loan
      "Very Low Rate of Interest"
      0.5 4.5/5 "Excellent!"
      In SBI Home loans , I got a very good Interest rate of 9% .But it took more than 1 years for approving my loan . Tenure period is 15 years . I am satisfied with ROI . Documents submitted in on-line . I got good response till my sanction of loan amount from SBI customer executive .
      Was this review helpful? 10
      , mumbai
      Reviewed on Mar 05, 2019
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I took a home loan with SBI and my experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. Tenure period for this loan is for 15 years.
      Was this review helpful? 8
      , bangalore
      Reviewed on Feb 28, 2019
    • SBI Home Loan
      "Nice Loan Product"
      0.5 4.0/5 "Great!"
      When I was taking for SBI home loan, they communicated there is no charges on the credit card for first year and they didn't disclose the terms and condition. However the home loan interest rate was good around 8.45% for the loan amount of Rs. 30 lakhs with the duration of 15 years.
      Was this review helpful? 8
      , mumbai
      Reviewed on Feb 26, 2019
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience with SBI for home loan was very good, the loan amount was based on my requirement and the rate of interest for the first year was high and after demonitization they lowered the interest rate to 8.25% which is less. Tenure period for this loan is 18 years and the customer service was good.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Feb 23, 2019
    • SBI Home Loan
      "Good interest for housing loan"
      0.5 3.5/5 "Pretty good"
      I have SBI housing loan it around 8.65% but yesterday it became 9.15% it got increased. Its a government bank the customer care need to be improved, but compared to other bank they are in good place on the interest part. Because I had axis bank home loan that interest was huge.
      Was this review helpful? 6
      , bangalore
      Reviewed on Feb 22, 2019
    • SBI Home Loan
      "Excellent Home Loan process"
      0.5 5.0/5 "Blown Away!"
      When I purchased flat, before five years, my builder suggested SBI bank for the housing loan. The process was smooth, I got pre approved offer, only I gave 3 months of payslip they sanctioned the amount. The interest rate gets fluctuated time to time its attractive.
      Was this review helpful? 10
      , kolkata
      Reviewed on Feb 22, 2019
    • SBI Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I took a home loan with SBI and my experience was good, the process was smooth and i received my loan amount on time. I am happy with the customer service and their response was on time. Tenure period for this home loan is 20 years.
      Was this review helpful? 5
      , thane
      Reviewed on Feb 21, 2019
    • SBI Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had been holding my home loan with State bank of India previously,now successful i have closed this loan. Their 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 a.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Feb 19, 2019
    • SBI Home Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      SBI housing loan experience is good, I took the amount of Rs. 50 lakhs for the duration of 30 years. I got the best interest rate around 8.6% its a floating interest now 8.5%, they gave me the part payment option but I haven't tried because its been one year now.
      Was this review helpful? 9
      , bangalore
      Reviewed on Feb 18, 2019
    • SBI Home Loan
      "Need to improve the process"
      0.5 5.0/5 "Blown Away!"
      I have bought my home loan from State bank of India. When i compared with the other bank regarding the interest rates they have provided the low interest rates. Since its a leading loan in India, whatever the interest updates and Policy changes its effect first in this bank. They have taken more than 1 month to sanctioned the loan.
      Was this review helpful? 7
      , bangalore
      Reviewed on Feb 16, 2019
    • SBI Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I took my home loan in State Bank of India before 3 years. I have purchased a residential property. I am satisfied with the interest rate and there was a minimum processing fee. The loan process was okay and they have offered me a good service. The loan duration is 15 years.
      Was this review helpful? 6
      , kolkata
      Reviewed on Feb 15, 2019
    • SBI Home Loan
      "Government subsidery hence they will implement updates immed"
      0.5 4.5/5 "Excellent!"
      Taken my home loan from SBI. Customer care service is not that much but the interest rates were pretty much good. There is so simple process but when i applied the loan they have asked for lots of documents individually and it took more time to get the loan. They have given me a interest rate of 8.5% and they have not taken any processing fee.
      Was this review helpful? 6
      , bangalore
      Reviewed on Feb 15, 2019
    • SBI Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan with SBI and my experience was good, the loan amount was sufficient and the rate of interest was nominal when compared to other banks. Customer service was good with this bank. Tenure period is 15 years out of which 3-4years is completed. I make my EMI payment through online.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Feb 15, 2019
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.