Plot | Land Loan EMI Calculator
Plot | Land Loan EMI Calculator
Hover over or Tap at line to check loan status at that point!
Monthly Installment (EMI):
Plot or Land Loan Calculator
Above calculator is universal calculator for calculating loan EMI. This can be used as Plot Loan EMI Calculator, it can also be used as Flat/Apartment Loan EMI Calculator.
Since it's a universal calculator for calculating loan EMI, this can be used for plot loans availed from any lander, be it SBI, HDFC, AXIS, PNB, Bank of Baroda, IDBI etc.
Most dominating loan landers in Indian market are SBI, HDFC and AXIS. You can use above calculator as HDFC Plot Loan Calculator, SBI Plot Loan Calculator, AXIS Bank Plot Lan Calculator.
Plot Loan General Guide
All the guidelines are general typical guidelines. They vary lander to lander and are subject to many other factors.
Documents
- Bank statement for last few months, showing your income and existing loan EMI deductions if any.
- Current address proof
- Identity proof
- Passport size photo
- Own contribution proof (Down-payment proof)
- Property documents (EC - link document)
- Agreement of Sale
- etc.
Eligibility
- Salaried or self employee - both are eligible
- 21 years or above
- Income eligibility against derived EMI
- New plot allotment / sale
- Resale
- Residential plot
- Commercial plot
Approval and Interest
- Up to 80% of plot/land value
- 7% to 8% per year (2020 India)
Co-applicant
- Co-applicant is allowed
- Adding Co-applicant can increase loan eligibility
- Co-applicant need not be a co-owner, it can be any of your earning family member
Additional Charges
- Legal verification charges
- Processing service charges
- Mortgage charges
- Tax on service charges
Facilities
- Outstanding loan transfer
- Pre-payment at no additional charges
Hope you liked the calcy. Got question or suggestion ? Please put it in comment below.
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