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

    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 1233 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    SBI Plot Loan

    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.
    Apply for Home Loan Online

    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
      "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? 1
      , bangalore
      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? 1
      , 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? 0
      , 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
    • SBI Home Loan
      "Can be Quick"
      0.5 2.5/5 "Just OK"
      I was looking for a Home loan and as i hold an account with SBI , i applied through SBI. It took almost 4 months to get processed. But apart from that i am satisfied with its services. The interest rates here are much reasonable compare to Other banks.
      Was this review helpful? 3
      , pune
      Reviewed on Nov 08, 2018
    • SBI Home Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I got my housing loan from State bank of India . Am satisfied with rate of interest which is promising one The customer service and response is good. It took 10 days for the documentation and approval process.I am making the payments through Ecs process.
      Was this review helpful? 4
      , bangalore
      Reviewed on Nov 04, 2018
    • SBI Home Loan
      "Bad service"
      0.5 1.0/5 "Really Bad"
      I have been holding my home loan with State bank of India, there service is not up to the mark, there rate of interest and processing fee is too high and i loan amount as i expected they have given too low and even customer support team is not good they are not responding about interest rate or any query they didn't kept there words .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 01, 2018
    • SBI Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I took a home loan from the STATE BANK OF INDIA . The application process and the documentation was smooth and hassle free. They provide nominal rate of interest . Everything was good, be it the Customer support or the application process. So far it is good .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Oct 31, 2018
    • SBI Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The experience with this loan has been good and the loan amount which they had provided has been satisfactory as well. They had an interest rate of 8.75% which has been nominal when compared with the market rate. But they had increased it recently before closing it and they had made some additional charges of 3500.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Oct 31, 2018
    • SBI Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The experience in getting my Home Loan has been good and the loan amount which they had provided has been satisfactory as well. The interest rate with them has been very much nominal when compared with the market rate. There has not been any additional charges which they had taken and their staffs had been helpful as well.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Oct 31, 2018
    • SBI Home Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I got my home loan from State bank of India . Am satisfied with rate of interest which is promising one with nominal processing fees. The customer service and response is good. It took few days for the documentation and approval process . My payments gets auto debits from the account
      Was this review helpful? 10
      , coimbatore
      Reviewed on Oct 15, 2018
    • SBI Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I am using the housing loan from STATE BANK OF INDIA last 5 years. The process is not quick and it took 1 month to approve of the loan but they approved sufficient amount of loan. The service is good also the rate of interest is floating interest of 9%.
      Was this review helpful? 8
      , chennai
      Reviewed on Oct 11, 2018
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan with SBI and my experience was good, the process was smooth and i received my loan amount on time. Rate of interest was nominal when compared to other banks. Customer service was good with SBI and their follow up was very good.
      Was this review helpful? 5
      , navi mumbai
      Reviewed on Oct 08, 2018
    • SBI Home Loan
      "Good Banking Service"
      0.5 4.0/5 "Great!"
      Rate of interest is bit high compared to other bank , They took time like 1 month for there processing and approval . They have charges some nominal fees for the housing loan approval and documentation . Am pretty much satisfied with the customer service
      Was this review helpful? 7
      , hyderabad
      Reviewed on Oct 02, 2018
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan with SBI and my experience was good, the ;loan amount was for Rs 20 lacs with nominal interest rate when compared to others. Customer service was good and they followed up on time. The tenure period for this loan is 25 years.
      Was this review helpful? 5
      , ahmedabad
      Reviewed on Oct 02, 2018
    • SBI Home Loan
      "Best Housing Loan"
      0.5 5.0/5 "Blown Away!"
      I have housing loan in SBI, they offered me 8.35% of interest its good. I took the home loan amount of Rs. 33 lakhs for the tenure period of 20 years. I would say its a best nationalized home loan, but customer service need to be improved on documentation process.
      Was this review helpful? 5
      , pune
      Reviewed on Sep 29, 2018
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken 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. The tenure period for this loan is 20 years.
      Was this review helpful? 6
      , new delhi
      Reviewed on Sep 26, 2018
    • SBI Home Loan
      "Excellent process"
      0.5 5.0/5 "Blown Away!"
      I have taken a top up loan on the home loan with State Bank of India. The process was also good. This time I was given the rate of interest of 8.4%. The processing charges are normal too. The after loan services and good too. In all no hassles overall.
      Was this review helpful? 14
      , nagpur
      Reviewed on Sep 11, 2018
    • SBI Home Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My home loan is with State Bank of India. The customer services are good. The rate of interest is of 10.00% and the processing charges are normal. The process was good but it is on the slow side. The after loan services are good too. In all no issues.
      Was this review helpful? 6
      , nagpur
      Reviewed on Sep 11, 2018
    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.

    Loading your search...
    Close

    Compare Home Loan Offers from Top Lenders. Apply Online and Get e-Approved Instantly.

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