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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
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    Eligibility Criteria
    SBI Plot Loan is Rated as "Great!" by 1173 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 the Indians. For customers who want to purchase a plot and construct the home of their dreams, SBI offers loans for plot purchase.

    Types of State Bank of India Plot Loans:

    SBI offers two specially designed plot loans for different classes of customers.

    • Agricultural Banking Loan for Land Purchase:

      Designed especially for small and marginal agriculturists and landless laborers to aid the purchase of a plot, this scheme from SBI offers plot loans also with a view to consolidate and develop waste lands. The plot loan is also extended for development of irrigation facilities and land development under this scheme.

    • Home Loans for Plot Purchase and Construction of House:

      Offered by SBI realty, this loan offers the customer an opportunity to purchase a plot for house construction. Under this scheme, customers are also eligible to avail further loans for house construction and can continue both loans concurrently.

    Apply for Home Loan Online

    Features and Benefits of SBI Plot Loan:

    The following features offered by SBI Plot loans under the home loan portfolio sets it a league apart from other plot loan products in the market. Here are some of the benefits offered by SBI plot loans that benefit the borrower immensely.

    • High Loan Quantum:

      SBI offers up to Rs.10 crores under personal financing for plot loans. Under agricultural baking, SBI offers up to 85% of the land cost to make the process of financing more convenient.

    • Flexible Repayment Tenure:

      Customers can avail up to 15 years as repayment period. For agricultural plot loans, borrowers can choose a repayment period of 9 to 10 years with half-yearly instalments.

    • Loan Extensions:

      Customers who have obtained a plot loans can also avail further loans for improvement of their plot. Agriculturists can take further loans for the development of irrigation facilities and others can take a home loan for the construction of a house with the added advantage of running both the loans simultaneously.

    SBI Plot Loan

    Eligibility for SBI Plot Loans:

    The following is the eligibility for two plot loan schemes offered by SBI.

    Eligibility for Plot Loans under Agricultural Banking:

    • Marginal and Small Farmers in possession of less than 2 acres of irrigated land and 5 acres of unirrigated land in their names.
    • Landless agricultural workers are also eligible for SBI plot loans.
    • The applicant must have a constant record of prompt repayment of the loan for a minimum of of two years.
    • Borrowers who have a good repayment record in other banks are also eligible on a condition that they liquidate their outstanding balance to the other bank.

    Eligibility for Plot Loans under Personal Banking:

    • The applicant must be a resident Indian. This loan products is also offered to NRIs.
    • The applicant must have a constant source of income. Good credit history and repayment history are preferred.
    • The construction of a dwelling unit for which the plot has been purchased should commence within 2 years from the date of availing SBI Realty Plot Loan.

    Do enquire with SBI for the complete list of eligibility criteria including income criteria before applying for a plot loan.

    Further Reading: Check Home Loan Eligibility .

    Documents Required for SBI Plot Loans:

    The following documents will be asked for during the application of SBI plot loans . A duly filled and signed application form has to be submitted along with the required documents.

    • Identity Proof - either of a valid passport, voter ID card, Aadhaar card and valid driving licence
    • Income Proof - PAN card, salary slips for the last 3 months, latest IT returns and form 16, bank statements for the last 6 months
    • Property related documents like title deeds and copy of allotment letter or buyer’s agreement as applicable.
    • Other documents like employer documents, own contribution proof, passport size photographs for applicants and co-applicants.

    Please contact SBI for a detailed list of documents required based on your nature of employment and source of income.

    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
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a home loan from SBI and my experience was good, the loan amount was sufficient and the rate of interest was nominal when compared to other banks. The process was delayed and it took 1.5 months to disburse the loan amount. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2018
    • SBI Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My home loan experience was very good with SBI, the loan amount was for Rs 25 lakhs with less interest rate when compared to all other banks. The process was smooth and i received my loan amount within 1 week. Customer service was good and the tenure period for this loan is 30 years.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 14, 2018
    • SBI Home Loan
      "GOOD SERVICE"
      0.5 3.5/5 "Pretty good"
      I have taken home loan form State bank of India , as they have given promising rate of interest while comparing to other banking which available in market , easy approval process , payments made through ecs process .customer service and customer response is best regarding queries provides solution. The tenure period is 20 years .
      Was this review helpful? 0
      , pune
      Reviewed on May 13, 2018
    • SBI Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had a home loan with the SBI and it fully closed. The loan amount was 2.5 lacs. The loan application process was super fast and I got the loan with in 10 days. I made payments online the overall process was very good with SBI and I never had any issues with the loan.
      Was this review helpful? 0
      , pune
      Reviewed on May 11, 2018
    • SBI Home Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      The ting that happy for the HOME LOAN from this bank is that i can convert my loan into EMI and pay it. My loan is like floating one and rate of interest for my loan is 9.3%. I have to pay for 20 years to complete my loan, i took in 2011. The limit what they have given is not satisfied.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 11, 2018
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan with SBI and my loan experience was good, the loan amount was for Rs 25 lakhs with nominal interest rate when compared to other banks. Customer service was good and they followed up on time. The tenure period for this loan is 15 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 11, 2018
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan with SBI and my loan experience was good, the process was smooth and i received my loan amount on time. The rate of interest was less when compared to other banks. I am happy with the customer service as they followed up on time. The tenure period for this loan is 15 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 07, 2018
    • SBI Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My home loan was taken with SBI which was take few months back. The loan amount was 40 lakhs and the interest rate was 8.8% which is average in the market . The tenure period as 2 years .The tenure period as 2 years and the processing fee was very satisfactory . They have sanctioned the loan with the committed time .
      Was this review helpful? 0
      , pune
      Reviewed on May 07, 2018
    • SBI Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan with SBI and my loan experience was good, the loan amount was for Rs 20 lakhs with nominal interest rate when compared to other banks. The process was quick and i received my loan amount on time. The tenure period of this loan is for 15 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 03, 2018
    • SBI Home Loan
      "Average Bank for Home Loans"
      0.5 5.0/5 "Blown Away!"
      I have not faced any difficulties in SBI Homeloans Since i am an state government employee. Whenever i called the SBI Home Loan department, they wont pick up the call. Compared to other banks SBI is offered me a lowest interest rates. Rate of interest is : 9.2% and the Tenure : 12 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 02, 2018
    • SBI Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Got the home loan from the STATE BANK OF INDIA around Two months ago. The customer support service is good with the State bank. The rate of interest and the charges are average . The required loan amount has been given and I am satisfied with it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 27, 2018
    • SBI Home Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      State bank of India has offered me the home loan based on my requirement. The customer support service and the response is good with the SBI, but they took higher than normal time to approve the home loan . The loan approval process need to be quick and fast. The rate of interest and the charges are feasible to me and satisfied with the service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 25, 2018
    • SBI Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      The service of Sbi home loan is good. The interest rate they quoted me was 8.35 %which is fine compared to others in the market. The documents process was been smooth with Sbi. Loan disbursement was been on time without any delay. It was an average service from Sbi home loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 24, 2018
    • SBI Home Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan from SBI and the approved loan amount is 20 lakhs. The interest for the approved loan amount is 8.2%. They do have pre-closure and part payment facility is available. The monthly EMI is 19200 which i have to pay for 20 years.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 17, 2018
    • SBI Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my home loan with SBI which was taken 5 years back. The loan amount was 30 lakhs and the interest rate was 8.4% which is average . The tenure period was 20 years . The process was smooth and hassle free . They have sanctioned the loan with the committed time .
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 12, 2018
    • SBI Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The state bank of India home loan service is not up to the mark and we have very huge process to avail a home loan from the STATE BANK OF INDIA. Without a broker we cannot get a home loan from the State bank of India. The rate of interest and the charges are average when compared with other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 10, 2018
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have got the home loan from the STATE BANK OF INDIA around 9years ago. The customer support service is average with the SBI and I have got the loan amount within a month time. The rate of interest is good with the STATE BANK OF INDIA when compared with other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 04, 2018
    • SBI Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The home loan service is not up to the mark with the State bank of India and they give average service to the customers. I have got the home loan from the State bank around 9 years ago. The required loan amount has been given and rate of interest and the charges were high when I was availing the loan but at present they have reduced it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 02, 2018
    • SBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan with State Bank of Mysore and my loan experience was good. The loan amount was for Rs 50 lakhs with nominal interest rate when compared to other banks. The process was smooth and i received my loan amount on time. Customer service was good and i preclosed the loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 31, 2018
    • SBI Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have applied for home loan with the STATE BANK OF INDIA and they have made proper back ground verification and while getting the loan it is difficult because they ask us to produce lot of documents and etc. The process need to be digitized.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 23, 2018
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