A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    Sundaram BNP Paribas Plot Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.40% - 10.25% Floating
    0.5% (Min. ₹ 5750)
    15L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria
    Home Loan BYTES FROM OUR KITCHEN

    Overview:

    Putting your hard earned money in real estate is a high yielding investment which will stay vibrant for years to come. If you’ve long term financial goals, buying a property is worth its salt. With rapid economic growth and urbanization, it makes sense to buy a plot in an upcoming area of the suburb and wait for the massive monetary growth it can add to your portfolio. You may even buy a plot with a view to build a structure on it at a later time.

    Whatever the purpose may be, buying a plot can be a daunting task, especially on the financial front. It makes sense to fund it by means of a loan which gives you freedom to own a land by way of repayment of the borrowed amount in installments. Sundaram Finance Group offers you loans for purchase of plots at attractive rates and pleasing benefits. Sold exclusively as Land Loans by Sundaram BNP Paribas Home Finance Limited, this product is available for purchasing land across India.

    Features of Sundaram Finance Land Loan:

    High cap on loan amount:

    The applicant can avail up to 75% of the land cost as a loan under this scheme. NRIs can look forward to a loan amount of up to 1 crore. With such high quantum on the offer, your dream of owning a plot only gets closer.

    Maximum loan repayment term:

    Sundaram finance offers a maximum term of 10 years to repay the borrowed amount for the salaried class and NRIs. For self employed borrowers, the term offered is the same, up to the age of 65 years.

    No external security required:

    The plot purchased itself acts as a collateral until full repayment of the loan. Sundaram finance does not require a guarantor or other financial instruments to secure the loan amount, making it an easy to avail loan without any hassles.

    Minimal processing fee:

    The processing fee component is fixed at 1% of the loan amount with no other hidden charges in this area. All other fees involved are communicated upfront, making it a transparent deal.

    Features in a nutshell:

    Quantum of loan amount Upto 75% of the land cost, subjection to valuation of the property
    Repayment term
    • Up to 10 years for salaried class or retirement age, whichever comes first
    • 10 years or 65 years, whichever comes first

    Documents Required for Sundaram Finance Land Loan:

    Salaried
    • Latest payslips
    • Latest Income Tax Return (ITR) or Form 16
    • ID, Age & Address proof
    • Bank statement of last 6 months
    • Allotment letter issued by the developer or a government authority or similar proof confirming allotment of the plot
    Self Employed
    • Bank statement of last 6 months
    • ID, Age & Address proof
    • Latest ITR for a stipulated years
    • Allotment letter issued by the developer or a government authority or similar proof confirming allotment of the plot

    Frequently Asked Questions:

    1. Is there a guarantor required to avail a land loan from Sundaram Finance?

      The plot itself acts as a collateral and therefore, they do not require an external security such as a guarantor or security in any other form.

    2. I am an NRI looking forward to buying a land in India. Am I eligible for a loan from this company?

      Yes, you can be eligible to apply for and avail a loan under the Land Loan scheme from Sundaram Finance.

    3. Are there any conditions for the loan disbursal?

      The approved loan amount is disbursed after payment of your contribution in full. Other conditions such as completion of legal formalities & technical appraisal of the project should also be completed. 

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