Main
🏠Home 👤About Us 🌐NRI Services 🏛️Govt Schemes
Loans
🏠Home Loan 💼Personal Loan 🏭Business Loan 🏦Mortgage / LAP 🎓Education Loan 🌿Plot Purchase Loan
Insurance
💛Life Insurance 🛡️Term Insurance 💊Health Insurance
⚖Legal Disclaimer 📲Apply Free - Get Started
Home/Plot Purchase Loan
Plot Purchase Loan

Own Your Land.
Build Your Legacy.

Finance your residential plot purchase in approved layouts. HMDA, DTCP, RERA approved developments. Composite plot + construction loans available.

8.75% p.a. onwards  ·  Up to 75% of plot value  ·  15-Year Tenure
Apply Free Now →View FAQs
What You Need to Know

Plot Loan
Essentials

✅ Only approved layouts accepted
HMDA, DTCP, RERA, BDA, CIDCO, or equivalent authority approved plots only. Agricultural land not eligible.
✅ Composite plot + construction option
Buy a plot and build your home with one combined loan. Construction disbursed in stages.
✅ NRI plot loans available
NRIs can purchase residential plots. Processing through NRE/NRO accounts. Select lenders only.
⚠️ Construction within 3 years
Most lenders require construction to begin within 3 years of plot purchase for the loan to remain valid.
Tax Benefit Note
No tax deduction on plot purchase loan interest. Tax benefits (u/s 24b, 80C) become available only once construction begins and the composite construction loan is in force.
Apply Free
We respond within 2 hours · Zero fee
📎
Click or drag to upload
🔒 Secure & private. Zero fee.
✅
Request Received!
Our specialist will call within 2 hours.
Ref: —
Documents Required

Plot Loan Checklist

👔Applicant (Salaried) Employee
Aadhaar + PAN
3 months salary slips
6 months bank statements
Form 16 / ITR (2 years)
Employment letter
🏭Applicant (Self-Employed) Business
Aadhaar + PAN
2 years ITR + P&L
Bank statements (12 months)
GST registration
Business address proof
🌿Plot / Property Documents
Sale agreement / Sale deed
Layout approval certificate (HMDA/DTCP/RERA)
Title deed (all chain documents)
Encumbrance Certificate (EC)
Property tax receipts
Patta / Khata (where applicable)
Survey / Site plan
Valuation report by approved valuer
🌐NRI Additional Documents
Valid passport (all pages)
Visa + residence permit
PAN Card
NRE/NRO bank statements (6 months)
Employment letter abroad + salary slips
Power of Attorney for resident representative
OCI/PIO card (if applicable)
FAQs

Plot Loan Questions

What type of plots are eligible for a plot loan?⌄
Only residential plots in government-notified and authority-approved layouts: HMDA (Hyderabad), DTCP (Andhra/Telangana), RERA-registered projects, BDA (Bangalore), CIDCO (Maharashtra), etc. Agricultural land, open farmland, and unapproved layouts are not eligible.
Can I get a plot loan without construction plan?⌄
Yes — for plots in approved layouts, a construction plan is not required at the time of plot purchase. However, most lenders expect construction to begin within 3 years. If you want tax benefits, a composite loan (plot + construction) is recommended.
What is a composite plot + construction loan?⌄
A single loan facility covering both the plot purchase and subsequent construction. Plot purchase amount is disbursed first, construction amount is disbursed in stages. Full home loan tax benefits (24b interest + 80C principal) apply once construction EMI starts.
Is there a tax benefit on a pure plot purchase loan?⌄
No. Interest paid on a standalone plot purchase loan does not qualify for income tax deduction under section 24(b). Tax benefits kick in only after construction begins as part of a home loan or composite loan.
What LTV (Loan-to-Value) is available for plot loans?⌄
Typically 70–75% of the plot's registered value or market value (whichever is lower). Some premium locations or lenders may offer up to 80%. You need to bring in 20–30% as your own contribution (down payment + registration charges).
Can I buy a plot in a gated community?⌄
Yes, if the developer/layout has RERA registration or appropriate layout approval. Gated community plots with clear title from reputed developers are actually preferred by lenders — cleaner documentation, better valuation.
How is plot loan different from home loan?⌄
Home Loan: For purchasing/constructing a residential property. Lower rate, 30-year tenure, full tax benefits, PMAY eligible. Plot Loan: For purchasing land only. Slightly higher rate, 15-year max tenure, limited tax benefit, no PMAY.

Important Legal Notice

For your guidance and assistance only. Srikara Financial Services is an independent financial guidance and assistance platform. We help individuals understand and access loan and insurance products offered by banks, housing finance companies, and registered insurance providers. We do not lend money, we do not underwrite or issue insurance policies, and we do not make credit or underwriting decisions of any kind.

All loan sanctions, disbursals, and credit approvals are made solely by the respective financial institutions based on their own credit assessment policies. All insurance policies are issued solely by the respective registered insurance companies based on their own underwriting criteria. Approval is never guaranteed. Interest rates and premiums shown are indicative and subject to change.

No liability for financial outcomes. Srikara Financial Services and its representatives are not liable for any financial loss, claim rejection, policy lapse, loan default, or any other financial outcome arising from products accessed through our guidance. All financial decisions are the sole responsibility of the customer. We strongly recommend reading all product terms, conditions, and key information documents before making any financial commitment.

Tax information. Tax benefits and exemptions mentioned on this website are based on prevailing Income Tax Act provisions applicable to resident Indians. Tax rules are subject to change by the government. NRI tax treatment varies by country of residence. Please consult a qualified chartered accountant or tax advisor for personalised tax guidance. This website provides general information only and does not constitute legal, financial, or tax advice.