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IB Plot Loan

IB Plot Loan

Home Plot Loan – Eligibility, Quantum and Terms
Loan Criteria Catagory / Area
Target  Group Eligible persons/Age of the Applicants/Recognition of Income level /NTHP as applicable for Home Loan Scheme to Residents/NRIs.
Purpose Purchase of House site on ownership basis( not on lease basis) layout of which  duly approved by Competent Authority .
Quantum of loan Permitted  up to 36 times of the Gross Monthly Income ( as per latest Salary Slip for salary class) or THREE times of Annual Net Income ( in case of P& SE /Business category- based on average of latest Two years ) subject to maximum of Rs,1200.00 lakhs.

Quantum of loan
For purchase  of property in Amount of loan (Rs. In lakhs)
Rural Area 100.00
Semi urban 200.00
Urban 600.00
Metro 1200.00
Margin Maximum 25 % for residents and NRIs on the cost of plot.

LTV ratio should not exceed 75%. If the value of the plot to be purchased is more than Rs.100.00 lakhs, valuation of two Independent panel engineers are to be obtained
Repayment Period Maximum 180 EMIs. No holiday period to be allowed
Interest Rates Click here
Processing fee Click here
Security ·         EM of house site to be purchased and the EM are to be registered.
Other Terms ·         – For NRIs /PIOs Purchase of plot in rural areas is not permitted

·         – Property should be properly protected  by fencing/compound walls

·         – Property to be purchased should be in   a good, accessible, developed/developing area

·         – Interest and installments repaid  will not rank for IT benefits

·         – Layout irrespective of Home Loan or Plot Loan should be approved by CMDA / DTCP or by the respective Statutory Authority empowered for the purpose as per local rules.

( Last modified on Feb 18, 2026 at 12:02:56 PM )

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