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Loan For Plot Purchase


Have you found a plot of land where you want to construct your home? Or do you simply want to own the plot? A loan for plot purchase can help finance the purchase of non-agricultural land situated within Municipal / Local Development Authority limits.

With our Plot Purchase Loan you can take the necessary steps in the right direction towards your goal. We offer plot purchase loans understanding the requirement carefully, so that you can repay the loan without any financial difficulties. Once we verify your eligibility based on your documents, the disbursal of loan happens quickly in a hassle-free manner.

You can avail of a plot purchase loan up to ₹1 Crore. However, you can only apply for a loan amount that does not exceed 60% of the registered cost of the plot or 60% of market value, whichever is lower. While granting a plot purchase loan of a certain capital, certain parameters are evaluated. Here is a list of considerations that are made while deciding the loan amount:

  • Age
  • Stability of income
  • Continuity of income
  • Number of dependents in the family
  • Income of the co-applicant
  • Amount of assets
  • Liabilities
  • Educational background
  • Saving habits, and others
  • Available Bank Balance for past 6 months

You can use our loan eligibility calculator to find out what loan amount you’re eligible for.

Maximum loan tenure is 20 years subject to retirement age for Salaried and 70 years of age for Self Employed on loan maturity.

You will have to pay a monthly EMI after the plot purchase loan is disbursed. The repayment of your monthly EMI for the availed loan depends on parameters such as the interest rate offered, the quantum of the loan, and the tenure of the loan. You can calculate the monthly EMI by using our EMI calculator. All you have to do is enter your loan amount, interest rate, and repayment tenure.

With Aadhar Home Loans, you can opt for a plot purchase loan in 2 ways. You can either apply for the loan on your own or with inclusion of income of a co-applicant. It is not mandatory for the co-applicant to own a part of the property. However, it is necessary for all the owners of the property to be co-applicants. Your co-applicant can be your spouse, parents, or children*.

If you would like to get more information on plot purchase loans, you can navigate to the "Apply for Loan" and enter the requested details. An Aadhar representative will contact you for details shorty after the application form is submitted. You also have the option to visit the nearest Aadhar Housing Finance branch to apply or to know more about plot purchase loans. To get a comprehensive list of Aadhar Housing Finance branches, please Click here.

For list of required documents, please Click here

*Terms & Conditions apply. Credit is to be extended at the sole discretion of Aadhar Housing Finance Ltd.

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