Plot loan rates are generally 0.5-2% higher than home loans, starting around 8.75-9.90% p.a. Rates are floating and repo-linked where applicable.
|
Bank/HFC |
Starting Interest Rate (p.a.) |
Max Tenure |
Max Financing (LTV) |
Processing Fee |
Key Notes |
|
PNB Housing Finance |
8.90% |
Up to 20 years |
Up to 80% |
Up to 0.50% |
Flexible repayment, minimal docs |
|
HDFC Bank |
8.75% onwards |
Up to 20 years |
70-75% |
Up to 0.50% |
Plot + construction options |
|
Axis Bank |
8.75% - 9.19% |
Up to 20 years |
Up to 75% |
Up to 1% |
Quick approval for salaried |
|
SBI (Realty/Plot Loan) |
9.40% - 9.85% |
Up to 15 years |
70-80% |
0.35% + GST |
Concessions for women |
|
LIC Housing Finance |
8.75% - 9.00% |
Up to 15 years |
Up to 75% |
Up to 0.50% |
Affordable for lower amounts |
|
Kotak Mahindra Bank |
8.85% onwards |
Up to 20 years |
70-75% |
Up to 1% |
Digital process |
|
Bajaj Housing Finance |
8.50% onwards (combined) |
Up to 25 years |
Up to 80% |
Minimal |
Often bundled with construction |
Rates depend on CIBIL score (750+ for best), income, and location. Plot must be residential and approved; no financing for agricultural land.