What's in store for you
Interest Rates for NRI Plot Loans
Plot Loans Interest Rates for NRIs
All rates are benchmarked to the Policy Repo Rate. Current applicable Repo Rate = 6%
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Special Interest Rates
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Key Benefits
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Key Features
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Important Notes
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Terms & Conditions
Wondering if you're eligible?
Fees and Charges for NRI Plot Loans
| Name of Fee/Charge Levied | Amount in Rupees |
|---|---|
| Fees for Resident Housing Loan/Extension/House Renovation Loan/Refinance of Housing Loan/Plot Loans for Housing (Salaried, Self-Employed Professionals) | Up to 0.50% of the loan amount or ₹3,000, whichever is higher+ applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3,000, plus applicable taxes/statutory levies, whichever is higher. |
| Fees for Resident Housing/Extension/Renovation/Refinance/Plot Loans for Self-Employed Non-Professionals | Up to 1.50% of the loan amount or ₹4,500, whichever is higher, plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹4,500 plus applicable taxes/statutory levies, whichever is higher. |
| Fees for NRI Loans | Up to 1.25% of the loan amount or ₹3,000, whichever is higher, plus applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹3,000, plus applicable taxes/statutory levies, whichever is higher. |
| Fees for Value Plus Loans | Up to 1.50% of the loan amount or ₹4,500, whichever is higher, plus applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹4,500 plus applicable taxes/statutory levies, whichever is higher. |
| Fees for Loans under HDFC Bank Reach Scheme | Up to 2.00% of the loan plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3,000, plus applicable taxes/statutory levies, whichever is higher. |
| Re-appraisal of loan after 6 months from date of sanction | ₹2,000 plus applicable taxes/statutory levies. |
| Name of Fee/Charge Levied | Amount in Rupees |
|---|---|
| Delayed Instalment Payment Charge | A maximum of 18% p.a. on overdue instalment amounts. |
| Incidental Charges | Incidental charges and expenses are levied to cover the costs, charges, fees, and other monies as per actuals applicable to a case. |
| Stamp Duty/MOD/MOE/Registration | As applicable in the respective states. |
| Fees/Charges levied by entities such as CERSAI | As per actual charges/fees levied by regulatory bodies plus applicable taxes/statutory levies. |
| Fees/Charges levied by such third parties such as Mortgage Guarantee Company | As per actual fee/charges levied by any third party(ies) plus applicable taxes/statutory levies. |
| Name of Fee/ Charge Levied | Amount in Rupees |
|---|---|
| Switch to Lower Rate in Variable Rate Loans (Housing/Extension/Renovation) | Up to 0.50% of the principal outstanding and undisbursed amount (if any) at the time of conversion, or a cap of ₹50,000, plus applicable taxes/statutory levies, whichever is lower. |
| Switching to Variable Rate Loan from Fixed Rate Loan (Housing/Extension/Renovation) | Up to 0.50% of the principal outstanding and undisbursed amount (if any) at the time of conversion, or a cap of ₹50,000 plus applicable taxes/statutory levies, whichever is lower. |
| Switch from Combination Rate Home Loan Fixed Rate to Variable Rate | 1.75% of the principal outstanding and undisbursed amount (if any) plus applicable taxes/statutory levies at the time of conversion. |
| Switch to Lower Rate (Plot Loans) - Variable Rate | 0.5% of the principal outstanding and undisbursed amount (if any) plus applicable taxes/statutory levies at the time of conversion. |
| Switch to Lower Rate (Loans under HDFC Bank Reach) - Variable Rate | Up to 1.50% of the principal outstanding and undisbursed amount (if any) plus applicable taxes/statutory levies at the time of conversion. |
| Name of Fee/Charge Levied | Amount in Rupees |
|---|---|
| Payment Return Charges | ₹300 per dishonour. |
| Photocopy of Documents | Up to ₹500 plus applicable taxes/statutory levies. |
| Fees on account of external opinion (such as legal/technical verifications) | As per actuals. |
| List of Documents | Up to ₹500 plus applicable taxes/statutory levies. |
| Repayment Mode Change Charges | Up to ₹500 plus applicable taxes/statutory levies. |
| Name of Fee/Charge levied | Amount in Rupees |
|---|---|
| A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loans (“CRHL”) during the period of applicability of the Variable Rate of Interest | For loans sanctioned to individual borrowers with or without co-applicants, no prepayment charges shall be payable on account of part or full prepayments made through any sources except when the loan is sanctioned for business purposes. |
| B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loans (“CRHL”) during the period of applicability of the Fixed Rate of Interest | For all loans sanctioned with or without co-applicants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies of the amounts being so prepaid on account of part or full prepayments except when part or full prepayment is being made through own sources*. |
*Own Sources: the expression "own sources" means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
| Name of Fee/Charge Levied | Amount in Rupees |
|---|---|
| Custody Charges | ₹1,000 per month for non-collection of collateral documents beyond 60 days from the closure date of all loans/facilities linked to the collateral. |
Loan Processing Charges
Maximum of 1% of the loan amount ( Minimum PF of ₹7,500)
Pre-Payment/Part Payment Charges
No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment.
2.5% plus Goods and Services Tax (GST) of the principal outstanding is being prepaid or at such rates as the Bank decides if the amount being prepaid is more than 25%. Charges shall be applicable on the amount over the said 25%.
Individual Borrowers
No prepayment charges shall be applicable for part payment on a floating rate term loan sanctioned for purposes other than business to individual borrowers with or without co-obligate (s).
MSE Borrowers
No prepayment charges shall be applicable for part payment on floating rate loans to Micro and Small Enterprise (MSE) Certified borrowers if the loan is closed from Own Sources.
| Name of fee or charges | Charges |
|---|---|
| Premature closure charges - Floating Rate Term Loan availed by individual borrowers for business purposes | 2.5% of the principal outstanding>60 months after the disbursement of the Loan – NIL charges. |
| Premature closure charges - Floating Rate Term Loan availed by individual borrowers for end use other than business purposes | NIL |
| Premature closure charges - Floating Rate Term Loans availed by Micro, Small Enterprises and Closure from own source* | NIL |
| Premature closure charges - Floating Rate Term Loans availed by Micro, Small Enterprises and closure through takeover by any financial Institutions | 2% takeover charges of the principal outstanding >60 months after the disbursement of the Loan – NIL charges. |
| Premature closure charges - Floating Rate Term Loans availed by non individual borrowers* | Maximum of 2.5% of the principal outstanding. >60 months after the disbursement of the Loan – NIL charges. |
| Delayed Instalment Payment Charge | A maximum of 18% P.A. on overdue instalment amounts. |
| Payment Return Charges | ₹450 |
| Repayment schedule charges* | ₹50 per instance |
| Repayment mode change charges* | ₹500 |
| Custody charges | ₹1000 per month for non-collection of collateral documents beyond 60 days from the closure date of all loans/facilities linked to the collateral. |
| Revision in spread | 0.1% of Principal Outstanding OR ₹ 5000 whichever is higher per proposal. |
| Legal/Repossession and Incidental charges | At actuals. |
| Stamp Duty and other statutory charges | As per applicable laws of the state. |
| Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers) | NIL |
| Penal Interest for Non-Adherence of ESCROW Account (as per sanction terms and conditions) | 2% p.a additional on existing ROI (applicable in LARR cases only) |
| Penal Interest charged for non-complying with sanction terms | 2% per annum additional on existing ROI- (charged every month) subject to a max of ₹50,000. |
| CERSAI Charges | ₹100 for each property. |
| Property Swapping/Partial Property Release* | 0.1% of the loan amount. Min – ₹10,000 and max of ₹25,000 per property. |
| Document Retrieval charges post Disbursement* | ₹75 per document set (post disbursement). |
*Own Sources: the expression "own sources" means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
The borrower will be required to submit documents that HDFC Bank may deem fit and proper to ascertain the source of funds at the time of prepayment of the loan.
The prepayment charges are subject to change per prevailing policies of HDFC Bank and may vary from time to time, which shall be noted on www.hdfcbank.com.
More About Plot Loans for NRIs
You can apply for HDFC Bank Plot Loans for NRIs online by visiting the website. Simply check your eligibility, submit the required documents, and complete the application process hassle-free.
KYC Proof
PAN Card or Form 60 (if no PAN Card)
Passport (validity not expired)
Driving Licence (validity not expired)
Election/Voter’s ID
Job Card (NREGA)
Letter from National Population Register
Aadhaar Number (voluntary)
Income Proof
Last 3 months' Salary Slips
Last 6 months' Bank Statements (salary credits)
Latest Form-16 and IT Returns
Income Returns (last 2 Assessment Years, attested by CA)
Last 2 years’ Balance Sheet and Profit & Loss A/c Statements (attested by CA)
Latest Form 26 AS
Property & Other Documents
Copy of Allotment Letter / Buyer Agreement
Title Deeds (including previous chain in resale cases)
How does a co-applicant benefit?
Specially designed loans to Agriculturists, Planters, Horticulturists, Dairy Farmers, and Fish Farmers for purchasing an under-construction / new / existing residential property in the rural and urban areas.
*All co-applicants need not be co-owners. However, all co-owners need to be co-applicants to the loans. Generally, co-applicants are close family members.
Maximum Funding
| Maximum Funding** | |
|---|---|
| Loans up to and including ₹30 lakh | 90% of the property cost |
| Loans from ₹30.01 lakh to ₹75 lakh | 80% of the property cost |
| Loans above ₹75 lakh | 75% of the property cost |
**Subject to the market value of the property and repayment capacity of the customer, as assessed by HDFC Bank.
| Rates Offered to Customer (Past Quarter) | ||||||
|---|---|---|---|---|---|---|
| Segment | IRR | APR | ||||
| Min | Max | Avg. | Min | Max | Avg. | |
| HOUSING | 8.35 | 12.5 | 8.77 | 8.35 | 12.5 | 8.77 |
| NON - HOUSING* | 8.4 | 13.3 | 9.85 | 8.4 | 13.3 | 9.85 |
| *NON - HOUSING = LAP(EQUITY), NON-RESIDENTIAL PREMISES LOAN & INSURANCE PREMIUM FUNDING | ||||||
Frequently Asked Questions
The choice between a Plot Loan and a Personal Loan depends on your specific requirements and financial situation. A Plot Loan is designed for purchasing land or plots, while a Personal Loan can be used for any purpose.
No, HDFC Bank offers financing up to 90% of the plot's value.
The maximum loan amount for Plot Loans for NRI is based on various factors such as income, eligibility criteria, and other requirements. Please visit the nearest HDFC Bank branch for detailed information.
An NRI (Non-Resident Indian) refers to:
A person residing outside India who is a citizen of India, or
A person residing outside India who is of Indian origin.
The term "person resident outside India" is defined under Section 2(w) of the Foreign Exchange Management Act, 1999 (FEMA) as follows:
A person resident outside India is someone who does not qualify as a resident of India, as determined by the following situations:
The person has stayed in India for 182 days or less during the preceding financial year.
The individual has gone out of India or is staying abroad for employment purposes.
The individual is conducting a business or vocation outside India.
The individual is staying abroad for any other reason, indicating an intention to remain outside India for an uncertain period.
You can apply for Housing Loans at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced. You can even apply for a home loan whilst you are working abroad to plan for your return to India in future.
If you relocate to India, HDFC Bank reassesses the repayment capacity of the applicant(s) based on Resident status and a revised repayment schedule is worked out. The new interest rate will be as per the prevailing applicable rate of Resident Indian loans (for that specific loan product). This revised interest rate would apply to on the outstanding balance being converted. A letter is given to the customer confirming the change of status.
A photocopy of the PIO card or
A photocopy of current passport indicating birthplace as 'India'.
A photocopy of an Indian passport, if held by the individual earlier.
A photocopy of parent’s/grandparent’s Indian passport/birth certificate/ marriage certificate.
You need not be present in India to avail your Home Loan. In case you are posted aboard at the time of submission of the loan application and disbursement of the loan, you can avail the loan by appointing a Power of Attorney per HDFC Bank's format. Your Power of Attorney holder can apply and complete the formalities on your behalf.