HDFC Bank Plot Loan

HDFC Bank Plot Loan Highlights
Interest Rate	8.75% 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 3,000, whichever is higher plus taxes For Self-Employed Professionals Up to 0.50% of the loan amount or Rs 3,000, whichever is higher plus taxes For Self-Employed Non-Professionals Up to 1.50% of the loan amount or Rs 4,500, whichever is higher

Note: Rates as of 5th November 2024

HDFC Bank Plot Loan Interest Rates 

Special Home Loan Rates for Salaried and Self-employed (Professionals and Non-Professionals)

Loan Slab	Interest Rate (p.a.)
All loan amounts	8.75%-9.65%

Standard Home Loan Rates for Salaried and Self-employed (Professionals and Non-Professionals)

Loan Slab	Interest Rate (p.a.)
All loan amounts	9.40%-9.95%

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

Charges	Fees for Salaried/Self-Employed
Processing Fees	Up to 0.50% of the loan amount or Rs 3,000, whichever is higher plus taxes Minimum Retention Amount: 50% of applicable fees or Rs 3,000 plus taxes For Self-Employed Non-Professionals Up to 1.50% of the loan amount or Rs 4,500, whichever is higher Minimum Retention Amount: 50% of applicable fees or Rs 4,500 plus taxes
Check Dishonour Charges	Rs 300
PDC Swap	Up to Rs 500
Documents List	Up to Rs 500
Documents’ Photocopy	Up to Rs 500
Reversal of Provisional Prepayment under GDFC Maxvantage Scheme	Rs 250 + taxes
Disbursement Cheque Cancellation Charges Post Disbursal	Up to Rs 500
Re-appraisal of the loan after 6 months from sanction	Up to Rs 2,000 + taxes

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

Eligibility Criteria for HDFC Bank Plot Loan

• Age: 21-65 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
• Genders: All

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 last 3 years with income computation for both individual and business entity, attested by a CA
• Current account statements of the business entity for the last 6 months and Savings account statement 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 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