Federal Bank Purchase of House Plots

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Federal Bank Purchase of House Plots

Get speedy house plot loans from Federal Bank with minimal paperwork, up to ₹25 Lakhs, 60% LTV, and flexible 5-year EMI options.

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Details for Federal Bank Purchase of House Plots

Federal Bank's Purchase of House Plots loan offers up to ₹25 Lakhs for buying residential plots, with up to 60% LTV and a 5-year repayment term. Ideal for those planning future home construction, the loan ensures quick approval, minimal documentation, and easy EMIs. The purchased plot itself acts as security, with interim security required for full loan value. Benefit from a hassle-free process designed to help you invest in your dream home foundation with confidence and convenience.

CIBIL Score

  • CIBIL score preferably above 750

Required Documents

  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
  • Bank Statement (latest 6 months bank)
  • Land Tax Receipt
  • Title deed
  • Any other documents as required by the bank

Loan Processing Charges

  • 0.50% (Rs 10,000- Rs 2 lakh)

Features

  • Speedy loan approval
  • Get loan up to 60% of land
  • Minimal documentation
  • Loan amount up to Rs. 25 Lakhs with a margin of 40%(of cost of land as shown in sale deed + Stamp duty + Registration charges)
  • Loan is provided for purchasing house plots for subsequent construction of house.
  • Loan amount up to Rs.25 Lakhs
  • Repayment period of the loan is 60 Months
  • Repayment can be done as easy EMIs.
  • Security for the loan will be House plot to be purchased and Interim Security for 100% of the loan amount.
  • LTV Ratio: Up to 60% of the cost of land
  • Tenure: Up to 5 years

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Federal Bank Purchase of House Plots EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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