Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Home / Finance / Home Loan / How to get loan for land purchase?
Q.

How to get loan for land purchase?

view 301 Views

1 Answers

2 Year

Comment

whatsapp [#222222128] Created with Sketch. Send
0 2021-12-24T10:40:40+00:00
⤺ Reply

To get loans on land you can go to a bank to secure plot loans. In simple words, plot loans are unique banking products introduced by banks so that you can avail of loans for plots. There is a significant difference between plot loans and home loans. You can apply for home loans if you are purchasing a constructed house and if you are purchasing land you need to apply for a plot loan. You need to secure a plot loan for land purchase.

 Eligibility Criteria

To understand how to get a land loan to buy land we must know the eligibility criteria. You can avail of plot loans if you fulfil the eligibility criteria mentioned below

  • Should be an Indian

  • Must be a salaried or self-employed person

  • The age bracket to secure a plot loan is 21 years to 70 years. 

  • Should have a good credit score.

 Documents Required to apply for plot loan

  • Filled up application form

  • Photograph of the applicant

  • Identity Proof

  • Residential Proof

  • Recent salary slips

  • last 6 months statement of the bank

  • Form 16

  • A cheque to process the loan fee

  • Original documents that proves the ownership of the land

  • 'No encumbrance' certificate

  • Revenue Receipts

  • Land records

  • Paid tax receipt.

These are documents you need for how to get loan for land purchase.

Get home loans at the lowest interest rate from NoBroker Home Loan Services.

Banks such as SBI, HDFC, PNB Housing Finance, Bajaj Finserv, ICICI Bank offer plot loans. You need to check the lowest interest rate and avail loan from the bank.

I hope you know about the process of loan for land purchase now.

 

Read more:

How much home loan can I get on 30000 salary?

How much home loan can I get on 25000 salary?

How much home loan can I get on 55000 salary?

Shifting, House?

✔

Lowest Price Quote

✔

Safe Relocation

✔

Professional Labour

✔

Timely Pickup & Delivery
inline_cards

Intercity Shifting-Upto 25% Off

Check Prices

inline_cards

Intracity Shifting-Upto 25% Off

Check Prices

inline_cards

City Tempo-Upto 50% Off

Book Now

Most Viewed Questions

How to Change Email ID in PAN Card?How Much Money Can Be Transferred Through YONO SBI?What is Cooling Period in SBI YONO?How to Increase Transfer Limit in SBI YONO?How to Check Personal Loan Eligibility in SBI Yono App?How to Add Beneficiary in SBI YONO App?How to Transfer Money From YONO SBI?How to Pay Loan Amount in YONO SBI?How to Preclose ICICI Personal Loan?How to Get NOC from HDFC Bank for Personal Loan?See All

Recently Published Questions

Which Bank Gives Personal Loan for 15000 Salary?Is Blank Cheque Required For Personal Loan?What Is Axis Bank Personal Loan Disbursal Time?What Is Bajaj Finance Personal Loan Disbursement Time?Can We Cancel Personal Loan Before Disbursement?Can I Cancel Personal Loan After Disbursement?What is Finnable Personal Loan Interest Rate?How to Check Indiabulls Personal Loan Status?Personal Loan Disbursement Time After Approval?How to Download Yes Bank Personal Loan Statement?See All

Authors Of The Question

profile
Harsh

0 Total Answers


0


profile

Recently Answered Questions

What is RLLR? I want to gave my property to rent How to check survey number for EC ? How to check HP gas booking status? How to check my HP gas subsidy in bank account? How to check ration Card number? How to find lost e-Khata? Is it required to convert A khata to E khata for resale of property? How Many Cement Bags Required for 1500 sq ft House? How to file ITR for income from house rent?
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners