HDFC Bank Plot Loan

HDFC Bank Plot Loan Highlights
Interest Rate	8.70% p.a. onwards
Tenure	Up to 15 years
Loan Amount (LTV Ratio)
Up to and including Rs 30 lakh	Up to 80% of property cost
Rs 30.01 lakh-Rs 75 lakh	Up to 80% of the property cost
Above Rs 75 lakh	Up to 75% of property cost
Processing Fee	For Salaried Up to 0.50% of the loan amount or Rs 3,300, whichever is higher plus taxes For Self-Employed Professionals Up to 0.50% of the loan amount or Rs 3,300, whichever is higher plus taxes For Self-Employed Non-Professionals Up to 1.50% of the loan amount or Rs 5,000, whichever is higher

Note: Last updated on 17 March 2025

HDFC Bank Plot Loan Interest Rates 

HDFC Bank Plot Loan interest rate starts at 8.70% p.a. While the bank has not specified the interest rate slab based on the credit score, monthly income, repayment history, etc. of its home loan applicants, lenders usually consider these factors while setting the plot loan interest rates of their applicants.

Also know the HDFC Bank Home Loan rates set for other home loan schemes.

Also Check: Home Loan Interest Rates

HDFC Bank Plot Loan Fees and Charges

Particulars	Charges
Processing Fees	Fees for Salaried/Self-Employed Up to 0.50% of the loan amount or Rs 3,300, whichever is higher plus taxes Minimum Retention Amount: 50% of applicable fees or Rs 3,300 plus taxes, whichever is higher For Self-Employed Non-Professionals Up to 1.50% of the loan amount or Rs 5,000, whichever is higher Minimum Retention Amount: 50% of applicable fees or Rs 5,000 plus taxes, whichever is higher For NRIs Up to 1.50% of the loan amount or Rs 3,300, whichever is higher Minimum Retention Amount: 50% of applicable fees or Rs 3,300 plus taxes, whichever is higher
Payment Return Charges	Rs 300
Stamp Duty/MOE/MOD/ Registration	At actuals
Documents List – for issuance of duplicate list of documents post disbursement	Up to Rs 500
Documents Photocopy	Up to Rs 500
Custody Charges	Rs 1,000 per month for non-collection of collateral documents after 60 days, from the closure date of all loans or any facilities linked to the collateral.
Re-appraisal of the loan after 6 months from sanction	For Salaried or Self-employed Professionals- Up to Rs 3,300 + taxes/statutory charges For Self-Employed Non-Professionals/ NRI – Up to Rs 5,000 + taxes/statutory charges
Delayed Instalment Payment Charges	Maximum of 18% p.a. on overdue instalment amounts

Also know about HDFC Bank Home Loan Processing Fee for other home loan schemes.

Eligibility Criteria for HDFC Bank Plot Loan

• Age: 18-70 years
• Profession: Salaried and Self-Employed Professionals (Doctors, CAs, Lawyers, Engineers, CS, Consultants) and Self-Employed Non-Professionals (Contractor, Trader, Commission agent).
• Nationality: Indian Resident

HDFC Bank may also check credit score and monthly income of its home loan applicants while evaluating its Home Loan Eligibility Criteria.

Also check HDFC Bank Home Loan Eligibility Criteria for other home loan schemes.

Documents Required for HDFC Bank Plot Loan

For Salaried Applicants

ID and Address Proof for KYC

• PAN card
• Voter ID
• Passport
• Driving License

Income Proof

• Salary Slips for last 3 months
• Bank Statements for last 6 months
• IT Returns and latest Form-16

Property Related Documents

• Allotment Letter Copy/Buyer Agreement
• Title Deeds including the previous chain of property documents in case of resale plots

Other Documents

• Own Contribution Proof
• Bank Statement for last 6 months showing ongoing loan repayments
• Employment Contract/Appointment Letter if current employment is less than 1 year old
• Passport size photographs of applicants and co-applicants attached on the application form with signatures across
• Processing Fee cheque in favor of HDFC Bank Ltd.

For Self-Employed Applicants

KYC Documents

• PAN card
• Driving License
• Passport
• Voter ID

Income Proof

• ITR for the last 3 years with income computation for both individual and business entities, attested by a CA
• Current account statements of the business entity for the last 6 months and Savings account statements of the individual
• Balance sheet and Profit and Loss statements with Annexure/Schedules for the last 3 years (for both individual and business entity, attested by a CA)

Property Documents

• Title Deeds including the previous chain of property documents in case of resale
• Allotment Letter Copy/Agreement from the buyer

Other Documents

• Form 26 AS (Latest)
• Business Profile
• Completely filled application form with passport size photograph of the applicants and co-applicant attached with signatures across
• Memorandum and Articles of Association of the Company
• Processing Fee Cheque in favor of HDFC Bank Ltd.
• Own Contribution Proof
• Directors’ and Shareholders’ list with their individual shareholding certified by a CA/CS, in case the company is a business entity
• Details of ongoing loans including installments, outstanding loans, balance loan term, security, etc. of individuals and business entities
• In case the business entity is a partnership firm, a partnership deed is required

Note: All documents to be self-attested

Know more about HDFC Bank Home Loan Documents required for other home loan schemes

HDFC Plot Loan EMI Calculator 

HDFC Plot Loan EMI Calculator is an online tool offered by HDFC Bank. Prospective borrowers can use this calculator to calculate their EMIs, total interest amount and total amount payable based on their chosen loan amount, interest rates and loan tenures. Borrowers can also use the undermentioned home loan EMI calculator to find the same results for their plot loans.

HDFC Plot Loan Customer Care

Borrowers of HDFC Bank Plot Loan can call on Toll Free Helpline Number: 1800 210 0018 for their loan related queries. Alternatively, customers can submit their queries online by visiting the HDFC Bank website and navigating to the ‘Contact Us’ section. For any grievances, they can fill out the complaint form available on the bank website under the ‘Grievance Redressal’ section.

FAQs on HDFC Plot Loan

What are the tax benefits available on HDFC Plot Loans?

Unlike home loans, borrowers cannot avail income tax deductions on repayment of their plot loan component used for financing their plot purchase. However, the repayment of the plot loan component (or any other loan) used for constructing a residential property on the said plot within 5 years from the date of the loan sanction would qualify for tax deduction under Section 80C and Section 24(b).

Can I prepay an HDFC Plot Loan?

You can prepay the HDFC Bank plot loan, either in part or in full, before the completion of the actual loan tenure. HDFC Bank does not levy prepayment charges on plot loans availed at floating interest rates.

Is insurance mandatory for availing plot loans from HDFC Bank?

Insurance is not mandatory for availing plot loans from HDFC Bank.

What are HDFC Plot Loan pre-closure charges?

HDFC charges NIL pre-closure charges for plot loans availed at floating interest rates. For fixed interest rates, the prepayment charge is levied @ 2% of the amounts prepaid on account of part or full prepayments except when part/full prepayment is made through own sources.

What is the minimum plot area allowed for a plot loan in HDFC Bank?

HDFC Bank has not mentioned the minimum plot area allowed for a plot loan. Prospective home loan borrowers can directly contact the bank to know if it has set any minimum plot size requirement for its plot loan.