Building your own home starts with finding the right plot. HDFC Bank’s Plot Loan might be just the solution you need. With competitive rates from 8.70% p.a. and repayment options stretching up to 15 years, these loans provide comprehensive financing for up to 80% of your plot’s value.
Invest in your future—choose HDFC Plot Loan
HDFC Bank Plot Loan Highlights
| Category | Highlights |
|---|---|
| Interest Rate | 8.70% p.a. onwards |
| Tenure | 15 Years |
| Processing Fees | Up to 0.50% of the loan amount or ₹3,300, whichever is higher + taxes |
HDFC Plot Loan Interest Rates 2025
HDFC Bank sets plot loan interest rates to remain competitive while accommodating a broad range of borrower profiles. The bank periodically reviews these rates to ensure affordability and alignment with market conditions.
| Loan Type | Loan Slab | Interest Rates (% p.a.) |
|---|---|---|
| Special Home Loan Rates (Salaried & Self Employed) | For All Loans* | Policy Repo Rate + 2.45% to 3.30% = 8.70% to 9.55% |
| Standard Home Loan Rates (Salaried & Self Employed) | For All Loans* | Policy Repo Rate + 3.15% to 3.70% = 9.40% to 9.95% |
HDFC Plot Loan Eligibility Criteria
HDFC Bank sets clear eligibility requirements for plot loans, including minimum income thresholds and stable employment history. These criteria help assess the borrower’s ability to repay and maintain a smooth loan process.
| Criteria | Requirements |
|---|---|
| Age | 18 – 70 years |
| Profession | Salaried/ Self Employed |
| Nationality | Resident Indian/ NRIs |
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HDFC Plot Loan Processing Fees
HDFC Bank charges a nominal processing fee for evaluating and approving plot loan applications. This fee covers administrative expenses, credit assessments, and documentation.
| Category | Processing Fees |
|---|---|
| Salaried/ Self Employed Professionals | Up to 0.50% of the loan amount or ₹3,300, whichever is higher + taxes Minimum Retention Amount: 50% of applicable fees or ₹3,300 + applicable taxes/statutory levies whichever is higher |
| Self Employed Non Professionals | Up to 1.50 % of the Loan amount or ₹5000 whichever is higher+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹5000 + applicable taxes/statutory levies whichever is higher |
Suggested Read: How to Reduce Processing Fees?
HDFC Plot Loan Other Fees and Charges
In addition to processing fees, HDFC Bank may levy other charges related to legal, technical, and administrative processes. These fees are disclosed upfront to provide full transparency to borrowers.
| Charge / Fee | Amount / Details |
|---|---|
| Switch to Lower Rate (Variable Rate Loans) | Up to 0.50% of the outstanding/undisbursed principal at conversion or ₹3,000, whichever is lower. |
| Switch from Fixed/Combination Rate to Variable Rate | Up to 1.50% of the outstanding/undisbursed principal + applicable taxes/levies at conversion. |
| Payment Return Charges | ₹300 per dishonor |
| Photocopy of Documents | Up to ₹500 + applicable taxes/statutory levies |
| Fees for External Opinions (Legal/Technical, etc.) | As per actuals |
| Duplicate List of Documents (Post-Disbursement) | Up to ₹500 + applicable taxes/statutory levies |
| Repayment Mode Changes | Up to ₹500 + applicable taxes/statutory levies |
| Custody/Property Document Retention Charges | ₹1,000 per month after two months from the date of closure of all linked loans/facilities. |
| Non-Adherence to Sanction Terms | Up to 2% p.a. on outstanding principal, charged monthly, capped at ₹50,000 (security-related) and ₹25,000 (other deferrals). |
| Prepayment (Variable Rate Loans) ARHL and CRHL (During Variable Period) | No prepayment charges for individuals (any source), unless the loan is for business purposes. |
| Prepayment (Fixed Rate Loans) FRHL and CRHL (During Fixed Period) | 2% of the prepaid amount + applicable taxes/levies, unless paid from own sources.* |
| Custody Charges (Non-collection of collateral documents) | ₹1,000 per month for not collecting collateral documents beyond 60 days from the date of closure of all linked loans/facilities. |
Suggested Read: Fixed Interest Rates vs Floating Interest Rates
HDFC Plot Loan: Documents Required
To apply for an HDFC Plot Loan, applicants must submit identity, address, and income proof, along with property-related paperwork. Proper documentation helps expedite approval and ensures the loan is processed efficiently.
KYC Documents
| Document/Requirement |
|---|
| PAN Card or Form 60 (if the customer does not have a PAN Card) |
| Passport (valid and unexpired) |
| Driving License (valid and unexpired) |
| Election/Voters Identification Card |
| Job card issued by NREGA, duly signed by an officer of the State Government |
| Letter issued by the National Population Register (NPR) containing name and address details |
| Proof of possession of Aadhaar Number (voluntary) |
Income Documents
| Salaried | Self Employed |
|---|---|
| Last 3 months’ Salary Slips | Income Returns along with computation of income for at least the last 2 Assessment Years (of both the individual and the business entity and attested by a CA) |
| Last 6 months’ Bank Statements, showing salary credits | At least last 2 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA) |
| Latest Form-16 and IT returns | Last 12 months’ Current A/c Statements of the business entity and Savings Account Statements of the individual |
Property Documents
| Document Requirement |
|---|
| Copy of Allotment Letter / Buyer Agreement |
| Title Deeds including the previous chain of the property documents in resale cases |
Suggested Read: How to Get a Home Loan without All Property Documents?
Other Documents
Salaried:
- 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.
Self Employed:
- 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
HDFC Home Loan: Other Products
| Loan Type | Interest Rate |
|---|---|
| HDFC Home Loan | 8.70% p.a. onwards |
| HDFC Plot Loan | 8.70% p.a. onwards |
| HDFC Rural Housing Loan | 9.40% p.a. onwards |
| HDFC Loan Against Property | 9.50% p.a. onwards |
| HDFC NRI Home Loan | 8.70% p.a. onwards |
| HDFC Home Renovation Loan | 8.70% p.a. onwards |
| HDFC Home Extension Loan | 8.70% p.a. onwards |
| HDFC Home Loan Top-Up | 9.45% p.a. onwards |
Compare Top Banks Plot Loan Interest Rates
| Bank | Interest Rate (p.a.) |
|---|---|
| State Bank of India | 8.00% onwards |
| ICICI Bank | 8.75% onwards |
| HDFC Bank | 8.70% onwards |
| Axis Bank | 8.75% onwards |
| Kotak Mahindra Bank | 8.70% onwards |
Conclusion
Land often appreciates over time, which means a plot purchased through HDFC’s loan can be a prudent long-term investment. At Credit Dharma, we make this possible by offering lowest guaranteed Loan Against Property interest rates that keep your monthly payments manageable, allowing you to enjoy more of what truly matters.
But that is not it. We offer:
- Guaranteed up to 100% funding
- Receive lifetime assistance and expert guidance long after your loan is approved.
- Enjoy a fully digital process with minimal paperwork
- Get your loan approved within just 1-2 weeks.
Frequently Asked Questions
Yes, HDFC Bank’s construction loan can often be used to purchase land as well as fund the construction. However, the specifics can vary, so it’s best to check with the bank directly.
Minor changes might be possible, but significant changes could require a reassessment of your loan. Always communicate with HDFC Bank before making any major changes to your construction plans.
Yes, typically the land and the structure being built serve as collateral for the loan. In some cases, HDFC Bank might require additional collateral depending on the loan amount and your financial situation.
Yes, you can claim tax deductions on the interest paid on an HDFC Construction Loan under Section 24 of the Income Tax Act.
HDFC Bank offers Construction Loans ranging from ₹25 lakhs to ₹10 crores, depending on your eligibility and the cost of construction.
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