Plot Loan Interest Rates

Dreaming of purchasing a plot and building your home? At PNB Housing, you can avail the most competitive and affordable land loan interest rate in the market.

Plot Loan Interest Rates Upto INR 35 Lakhs

Plot loan interest rates for loan amounts up to INR 35 lakhs starts at 9.50%* for Slaried & professional and Business owners 9.55%:

Credit Score Salaried / Self – employed professional (SEP) Self – employed non – professional (SENP)
>=800 9.75% to 10.25% 9.8% to 10.3%
>775 to 799 10.1% to 10.6% 10.55% to 11.05%
>750 to <=775 10.25% to 10.75% 10.7% to 11.2%
> 725 to < =750 10.55% to 11.05% 11.15% to 11.65%
> 700 to <= 725 10.85% to 11.35% 11.65% to 12.15%
> 650 to <= 700 11.25% to 11.75% 11.65% to 12.15%
upto 650 11.25% to 11.75% 11.65% to 12.15%
NTC Cibil >=170 11.25% to 11.75% 11.65% to 12.15%
NTC Cibil <170 11.15% to 11.65% 11.55% to 12.05%

Plot Loan Interest Rates Above INR 35 Lakhs

Plot loan rate of interest for loan amount above INR 35 lakhs starts at 9.50%* for Salaried / Professionals and 9.55% for self-employed:

Credit Score Salaried / Self – employed professional (SEP) Self – employed non – professional (SENP)
>=800 9.75% to 10.25% 9.8% to 10.3%
>775 to 799 10.2% to 10.7% 10.7% to 11.2%
>750 to <=775 10.35% to 10.85% 11.05% to 11.55%
> 725 to < =750 10.7% to 11.2% 11.2% to 11.7%
> 700 to <= 725 10.05% to 10.55% 11.65% to 12.15%
> 650 to <= 700 10.45% to 10.95% 11.85% to 12.35%
upto 650 10.45% to 10.95% 11.85% to 12.35%
NTC Cibil >=170 10.45% to 10.95% 11.85% to 12.35%
NTC Cibil <170 10.35% to 10.85% 11.75% to 12.25%



Plot Loan Eligibility Criteria at PNB Housing

  • Age: The applicant’s age shouldn’t be more than 70 years at the time of loan maturity.
  • Credit Score: The applicant’s credit score should be more than 800 to avail the lowest interest rates. The interest rates rise as the credit score reduces.
  • Employment Details: The applicant should be a salaried individual or a business owner.
  • Property Cost: The cost of the property will determine the loan, as per PNB Housing’s LTV policies.
  • Loan Tenor: The choice of tenor will affect the loan amount eligibility of the plot loan.

We offer a floating rate of plot loan interest rates, comparable to our home loans. Usually, the land loan interest rates are slightly higher by a few basis points. It can fluctuate depending on various criteria:

  • Credit score
  • Amount of plot loan
  • Eligibility programs under which loan is getting sanctioned 
  • Schedule of charges on PNB Housing

Other Charges Applicable on Plot Loan

  • Up to 24% p.a. on unpaid EMI for the delayed period
  • No prepayment charges
  • Processing fee of 1% of the loan amount
  • Up to INR Rs 500 for loan statement

FAQs

What is The Current Interest Rate for Land Loans?

Is the Plot Purchase Loan Interest Rate the Same as The Home Loan Interest Rate?

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