A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    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
    Good to Know
    Eligibility Criteria
    SBI Plot Loan is Rated as "Great!" by 1208 Users

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    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)

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    SBI Plot Loan Reviews

    • SBI Home Loan
      "BEST"
      0.5 4.0/5 "Great!"
      My home loan amount was taken with SBI . I use to pay 25000 as EMI and tenure period is 25year .My loan amount is up to the mark. There is no charge for preclosere .I have not face any inconvenience at the time of documentation so far my experience is good with this bank
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 17, 2018
    • SBI Home Loan
      "GOOD SERVICE "
      0.5 4.0/5 "Great!"
      Documentation and processing was easy , but they took more than a month of time to provide the loan , i got the expected loan value from them, they can improve the transparency about the process, so that the customers will come to know the exact stage of process.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Aug 14, 2018
    • SBI Home Loan
      "High on ROI and charges"
      0.5 4.0/5 "Great!"
      My home loan is with State Bank of India. The customer services are good and the process was fine to get the loan. The documentation was nominal too. But they have offered me a very high rate of interest which is around 9%. The processing charges are also very high.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Aug 13, 2018
    • SBI Home Loan
      "Good 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 7 days for the documentation and approval process. They gave the tenure period of 20 years where i make the payment through Nach .
      Was this review helpful? 3
      , noida
      Reviewed on Aug 13, 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 and the tenure for this loan was 7 years but i preclosed in 6.5 years, no additional amount was charged.
      Was this review helpful? 7
      , new delhi
      Reviewed on Aug 07, 2018
    • SBI Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The process in getting this loan has not been that fast and it has taken some more time than usual. The loan amount which they had provided had been satisfactory and has been disbursed before the time. The interest rate with them had been nominal and there has not been any additional charges which they had been making so far. Their customer support and the staff responses had been very good.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jul 31, 2018
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a very good experience with them and the loan amount which they had been provided had been satisfactory as well. The interest rate with them had been good and when compared with the market rate it is nominal. The staff responses had been very good and they had been prompt, but the process has taken some time than usual.
      Was this review helpful? 6
      , bangalore
      Reviewed on Jul 29, 2018
    • SBI Home Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      My home loan was taken with SBI 15 years back.The loan amount was 33 lakhs and the interest rate was satisfactory .The tenure period was 30 years . I had a hassle free process here but their customer service was very bad. There was no proper response and they were not co operative.The documentation was very good and they loan was sanctioned with in a stipulated time.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Jul 28, 2018
    • SBI Home Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      My home loan was taken with SBI 4 months back.The loan amount was 30 lakhs and the interest rate was satisfactory . The customer service and responses was good but followup's was not done properly . Their executives were not helpful and th process was also not convenient at all but the processing fee was nominal.
      Was this review helpful? 8
      , bangalore
      Reviewed on Jul 26, 2018
    • SBI Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a housing loan from the SBI for 8 lacs. The whole application process and the documentations was easy and hassle free. They offered the loan at a flat interest rate. It was a hassle free home loan experience with the State Bank of India.
      Was this review helpful? 7
      , kolkata
      Reviewed on Jul 21, 2018
    • SBI Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My home loan was taken with SBI 5 years back. The loan amount was 10 lakhs and the interest rate was satisfactory and the tenure period was 5 years . The process was very good and hassle free. I had a smooth documentation also and they have approved the loan on time., The processing fee was high including Insurance.
      Was this review helpful? 4
      , coimbatore
      Reviewed on Jul 21, 2018
    • SBI Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My home loan experience was good with SBI, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Processing fee is less in this bank. The tenure period for this loan is 20 years and if the EMI is high then the tenure period will be 15 years.
      Was this review helpful? 5
      , mumbai
      Reviewed on Jul 20, 2018
    • SBI Home Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      My home loan experience was good with SBI, the process was smooth and the loan amount was disbursed on time. The loan amount was for Rs 6.5 lakhs with nominal interest rate in the market. Customer service was good with SBI and the tenure for this loan is 20 years.
      Was this review helpful? 7
      , new delhi
      Reviewed on Jul 17, 2018
    • SBI Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been very good and the loan amount which they had given had been satisfactory. The interest rate with them had been nominal and there has not been any issues faced with them so far where their customer support has also been helpful at times.
      Was this review helpful? 7
      , kolkata
      Reviewed on Jul 16, 2018
    • SBI Home Loan
      "Need to reduce ROI"
      0.5 4.0/5 "Great!"
      My home loan experience was good with SBI, the loan amount was for Rs 35 lakhs with the rate of interest of 8.5% which is high in the market. The processing fees were nominal and the process was smooth. Customer service was good and they followed up on time.
      Was this review helpful? 2
      , noida
      Reviewed on Jul 09, 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 10 lakhs with nominal interest rate when compared to other banks. Customer service was good and they collected documents on time. The tenure period for this loan is for 20 years.
      Was this review helpful? 2
      , chennai
      Reviewed on Jul 09, 2018
    • SBI Home Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My car loan was taken with SBI 2 years . The loan amount was 5 lakhs and the interest rate was satisfactory . The tenure period was 5 years . The customer service and responses was good.They have sanctioned the loan with the committed time.
      Was this review helpful? 4
      , pune
      Reviewed on Jul 07, 2018
    • SBI Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      My home loan was taken with SBI 1 month back. The loan amount was 29 lakhs and the interest rate was average . The customer service and responses was good. The tenure period was 20 years . The executives were helpful. The documentation was also very good.
      Was this review helpful? 4
      , pune
      Reviewed on Jul 07, 2018
    • SBI Home Loan
      "Satisfactory"
      0.5 3.5/5 "Pretty good"
      My home loan was taken with SBI 1 week back. The loan amount was 37 lakhs and the interest rate was satisfactory. The customer service and responses was up to the mark. The tenure period was 30 years. I had a very smooth and quick documentation. I am satisfied with the customer service and responses.
      Was this review helpful? 3
      , chennai
      Reviewed on Jul 06, 2018
    • SBI Home Loan
      "Good Bank for Homeloan"
      0.5 5.0/5 "Blown Away!"
      I have taken the Home loan from SBI in the year of 2010. I have opted the tenure period of 20 years. They have offered me a interest rate of 9.5%. I have applied the loan amount of Rs. 25 lakhs and they have sanctioned the same. I don't have any issue while purchasing the loan. I used to pay the EMI of Rs. 23000 per month. Processing fee is very much nominal. Its very much easy to get a loan from SBI.
      Was this review helpful? 2
      , chennai
      Reviewed on Jul 02, 2018
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