What’s In Store For You
Interest Rate for a Plot Loan
All rates are benchmarked to the Policy Repo Rate. Current applicable Repo Rate = 6%
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Special Housing Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
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Key Benefits
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Key Features
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Important Notes
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Terms and Conditions
Wondering If You Are Eligible?
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Useful Links
Fees and Charges for Plot Loan
| Name of Fee/Charge Levied | Amount in Rupees |
|---|---|
| Fees for Resident Housing Loan/Extension/House Renovation Loan/Refinance of Housing Loan/Plot Loan for Housing (Salaried, Self-Employed Professionals) | Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus 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 Loan 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 Loan) - 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 | ₹1,000 per month for non-collection of collateral documents beyond 60 days from the date of closure of all loans/facilities linked to the collateral. |
| Revision in spread | 0.1% of Principal Outstanding OR ₹5,000 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 as per prevailing policies of HDFC Bank and accordingly may vary from time to time, which shall be noted on www.hdfcbank.com.
More About Plot Loan
Loan for Plot Purchase: Finance available for purchasing a residential plot of land, typically up to 70% of the plot's value.
Flexible Tenure: Choose a repayment period of up to 15 years, depending on your financial capacity.
Attractive Interest Rates: Competitive interest rates, making the loan affordable for customers.
Customisable Loan Amount: Loan amount depends on the location and value of the plot, with tailored options based on eligibility.
Balance Transfer Facility: Transfer your existing Plot Loan from another bank to HDFC Bank at better interest rates.
Top-Up Loan Option: Allows additional funding with a top-up loan for future construction or other needs.
Tax Benefits: You may avail of tax deductions on the interest paid if construction begins within a specified time.
Build at Your Own Pace: Flexibility to purchase the plot first and then construct at your convenience.
Pre-Approved Loan Options: For select customers, pre-approved Plot Loan are available with quick processing.
Flexible Repayment Options: Tailored repayment plans with options for longer tenures, making it easier to manage EMIs.
Transparent Process: No hidden charges, with complete transparency in the loan process and terms.
You can apply for a Plot Loan either online through the HDFC Bank website or by visiting a branch.
Complete the loan application form by providing your personal, financial, and property details.
Submit necessary documents such as identity proof, address proof, income proof (salary slips, bank statements), property-related documents, and any other requested by the bank.
Once your documents are verified, the loan will be processed. Pre-approved loans for select customers ensure faster approvals.
Upon approval, the loan amount will be disbursed to your account for the plot purchase.
KYC Documents
PAN Card or Form 60 (if no PAN Card)
Valid Passport
Valid Driving Licence
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 the previous chain in resale cases)
How does a co-applicant benefit?
Higher loan eligibility with an earning co-applicant.
*All co-applicants need not be co-owners. But all co-owners need to be co-applicants to the loans. Generally, co-applicants are close family members.
| 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 plot and repayment capacity of the customer, as assessed by HDFC Bank. May be restricted up to 70% of the cost/value of the plot, if the plot is located outside the city limits. The above-mentioned funding limits are applicable for direct allotment cases only.
| 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
No, HDFC Bank does not offer 100% financing for Plot Loan. They provide loans up to 80% of the property cost, subject to the market value of the plot and the repayment capacity of the customer.
Plot Loan/Land Loans do not offer tax benefits unless you construct a house on the plot. Once construction is completed, you may be eligible for tax benefits under certain sections of the Income Tax Act.
An HDFC Bank Plot Purchase Loan is for purchasing land covering up to 80% of the plot’s value. It’s available to salaried and self-employed individuals for tenures up to 15 years, with interest rates starting at 8.75% p.a.
HDFC Bank’s Plot Loan has attractive interest rates, customised repayment options, minimal documentation, and expert legal counselling. They also offer a fully digitalised application process and 24x7 assistance.
You can apply for an HDFC Plot Loan online, via customer care, or by visiting a branch. The process involves filling out an application form and providing necessary documents like identity and proof of income.
HDFC Bank will determine your Home Loan Eligibility largely by your income and repayment capacity. Other important factors include age, qualification, number of dependents, spouse's income (if any), assets and liabilities, savings history and the stability and continuity of occupation.
EMI refers to the ‘Equated Monthly Instalment’, which is the amount you will pay us on a specific date each month until the loan is repaid in full. The EMI comprises the principal and interest components, which are structured so that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.
You can apply for a Home Loan 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.
‘Own Contribution’ is the total cost of the property, less HDFC Bank's home loan.
For your convenience, HDFC Bank offers various modes for repayment of your house loan. You may issue standing instructions to your banker to pay the instalments through ECS (Electronic Clearing System), opt for direct deduction of monthly instalments by your employer or issue post-dated cheques from your salary account.
Absolutely! HDFC Bank provides Plot Loan to facilitate the purchase of land for your dream home. HDFC Bank offers Plot Loan at competitive interest rates, flexible repayment options, and a straightforward application process. Take the first step towards turning your dreams into reality with HDFC Bank's Plot Loan.
Get quick loan for your plot —apply now for easy financing!