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 purchase 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 start at 7.75% for salaried/professionals and 8.10% for business owners: 

Credit Score Salaried Professionals Business Owners
>= 800 7.75% to 8.25% 8.10% to 8.60%
>775 to 799 7.99% to 8.49% 8.34% to 8.84%
>750 to <=775 7.99% to 8.49% 8.34% to 8.84%
> 725 to <=750 8.30% to 8.80% 8.65% to 9.15%
> 700 to <=725 8.50% to 9.00% 8.85% to 9.35%
> 650 to <=700 9.55% to 10.05% 9.90% to 10.40%
upto 650 9.75% to 10.25% 10.10% to 10.60%
NTC** Cibil >170 9.25% to 9.75% 9.60% to 10.10%
NTC** Cibil <=170 9.75% to 10.25% 10.10% to 10.60%

Plot Loan Interest Rates Above INR 35 Lakhs

Plot loan rate of interest for loan amount above INR 35 lakhs starts at 8.15% for salaried/professionals and 8.50% for self-employed non-professionals:

Credit Score Salaried Professionals Business Owners
>= 800 8.15% to 8.65% 8.50% to 9.00%
>775 to 799 8.45% to 8.95% 8.75% to 9.25%
>750 to <=775 8.45% to 8.95% 8.75% to 9.25%
> 725 to <=750 8.80% to 9.30% 9.15% to 9.65%
> 700 to <=725 9.10% to 9.60% 9.45% to 9.95%
> 650 to <=700 10.10% to 10.60% 10.45% to 10.95%
upto 650 10.30% to 10.80% 10.65% to 11.15%
NTC** Cibil >170 10.15% to 10.65% 10.50% to 11.00%
NTC** Cibil <=170 9.70% to 10.20% 10.05% to 10.55%

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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