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PNB Housing
Plot Loan
Finance in the range of the Plot’s Market
If you begin construction on the purchased land.
Plot Loan
Interest Rate
Features of PNB Housing Plot Loan
Plot Loan
Eligibility Criteria
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Profession: The borrower should be a Salaried individual, Self employed or Business owner.
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Credit Score: A borrower’s credit score should be at least 650 to qualify for attractive interest rates. The interest rates increase as the credit score reduces.
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Age: Borrowers should not be older than 70 years of age at the time of loan maturity.
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Loan Tenor: The length of a loan term determines the amount of loan eligibility.
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Property Cost: The cost of the property will determine the loan, as per PNB Housing’s LTV policies.
PNB Housing Eligibility Criteria Calculator
Your Monthly EMI
Eligible Loan Amount ₹565,796
Steps to
Apply for a Plot Loan Online
Step 1
Click on the Apply for Loan button to initiate your application.Step 2
Enter your Basic details & loan requirements.Step 3
An OTP will be shared on your mobile number to verify your details.Insurance / Customer Safety at
PNB Housing
PNB Housing Finance Limited offers wide variety of insurance products to our loan customers.
List of Insurers is given below:
| Segment | Company Name | Products Offered for Loan Customers |
|---|---|---|
| Life Insurance | Bharti AXA Life Insurance Company Limited | Bharti AXA Life Group Credit Protection Pro |
| HDFC Life Insurance Company Limited | HDFC Life Group Credit Protect Plus | |
| PNB MetLife Insurance Company Limited | Met Complete Loan Protection | |
| Axis Maxlife Insurance Company Limited | Group Credit Life Secure | |
| Acko Life Insurance Company Limited | Acko Life Group Credit Protect | |
| Acko Life Group Credit Shield Combi | ||
| General Insurance | ICICI Lombard General Insurance Company Limited | Group Secure Mind (Critical Illness Plan) |
| Group Personal Accident | ||
| Group Home Protect (Bharat Grih Raksha) | ||
| Group CHI (Complete Health Insurance – HS360) | ||
| TATA AIG General Insurance Company Limited | Group Credit Secure Plus | |
| TATA AIG Group EMI Protect | ||
| TATA AIG Home Protect Policy | ||
| Group Criticare 360 | ||
| Bajaj General Insurance Company Limited | Credit Linked Health Plan | |
| Bharat Griha Raksha Policy | ||
| Universal Sompo General Insurance Company Limited | Group Credit Protection Policy | |
| Group Health Insurance | ||
| Bharat Griha Raksha | ||
| Go-Digit General Insurance Ltd | Digit Life Healthy Long Term Group Policy | |
| Digit Flexi Griha Raksha Policy | ||
| IndusInd General Insurance Company Limited | Loanee Kavach (PA+CI+HC) | |
| IndusInd - Group Hospi Cash Insurance | ||
| IndusInd Bharat Griha Kavach Group | ||
| Health Insurance | CARE Health Insurance Company Limited | Group Care 360 |
| NIVA BUPA Health Insurance Company Limited | Group Health Protect Plus | |
| Star Health and Allied Insurance Co Ltd | Star Group Health Insurance Benefit Plus Platinum - Plan A(54 - Critical illnesses) & Plan D (Personal Accident) | |
| Star Group Health Insurance Benefit Plus Platinum - Plan C (Equal Monthly Instalment) | ||
| Star Group Health Insurance Benefit Plus Platinum - Plan- E (SGHI) |
Disclaimer:
PNB Housing Finance Limited is registered with IRDAI (Insurance Regulatory and Development Authority of India) as a Corporate Agent (Composite) with registration number CA0862.
Participation in the insurance products by the loan customers is purely on Voluntary basis. There is no linkage either direct or indirect, between the provision of financial services offered by PNBHFL to its customers and the use of insurance products. The business is undertaken on fee basis without any risk participation.
Issuance of insurance policies is exclusively done by the respective insurance company based on their underwriting guidelines.
Acceptance / rejection of insurance claims is exclusively done by the respective insurance company.
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Plot Loan
Frequently Asked Questions
Can I get tax benefits on a plot loan?
Plot loans generally do not qualify for immediate tax benefits under Section 80C or 24(b) as there is no house property. However, once you construct a house on the plot, you can claim:
- Section 80C: Principal repayment up to ₹1.5 lakh
- Section 24(b): Interest deduction up to ₹2 lakh for self-occupied property
How does a plot loan balance transfer work?
Plot loan balance transfer allows you to move your existing plot loan to PNB Housing for better interest rates or terms. The process involves:
- Applying for a balance transfer with current loan details
- Property and income verification
- Settlement of the existing loan by PNB Housing
- New loan terms as per PNB Housing's current rates and policies
What documents are required for a land loan application?
Required documents include:
- Personal Documents: KYC, income proof, bank statements
- Property Documents: Title deed, survey settlement records, revenue records
- Legal Documents: Encumbrance certificate, approved layout plan
- Municipal Approvals: Development authority approvals where applicable
How do I apply for a plot (land purchase) loan?
To apply for a plot loan:
- Check eligibility using PNB Housing's online calculator
- Gather required documents
- Visit the nearest PNB Housing branch or apply online
- Submit application with documents
- Complete property valuation and verification
- Await approval and disbursal
A plot loan is a type of home loan that allows you to finance the purchase of a residential plot. This is the land on which you will be able to build a dream home later.
Can I claim tax deductions after building a house on the plot?
Yes, once you construct and occupy the house, you become eligible for:
- Section 80C: Principal repayment deduction up to ₹1.5 lakh annually
- Section 24(b): Interest deduction up to ₹2 lakh for self-occupied property
- The tax benefits apply from the year the construction is completed, and you obtain occupancy
How do tax deductions work for plot loans in India?
Plot loans without construction do not qualify for home loan tax benefits. Tax deductions are available only after:
- House construction is completed on the plot
- You receive a completion certificate/occupancy certificate
- The property becomes your residence
- Benefits are available from the financial year of completion
Who is eligible for a plot loan?
Eligibility criteria include:
- Age: 21-70 years at loan maturity
- Income: Stable income source with adequate repayment capacity
- Credit Score: Minimum 611 CIBIL score
- Employment: Salaried or self-employed with consistent income
- Plot: Must be for residential purposes in approved areas
What are the different tenure options for a plot loan?
PNB Housing offers plot loan tenures up to 30 years, subject to:
- Applicant's age at maturity (maximum 70 years)
- Repayment capacity
- Property and legal compliance
- Shorter tenures result in lower total interest cost but higher EMIs
Dedicated relationship manager.
Up to 30 years Home Loan tenure.
Funding up to 90%* of the property cost.
Customized Eligibility programs.
No Prepayment or Foreclosure charges*.
PAN India network.