Rajajinagar

Top List of 10+ Plot Loan Providers in Bangalore. Get an instant Plot Loan with low interest rate, Also loan for land purchase, land loan, and more. Find the best Plot loan service providers near your location. as on Dec 10, 2024

Credence Services

Laggere, Bangalore, 560058

5.0/5 Based on 43 Reviews

+07569018217

Loans

Response Time: Within 15 MinsSulekha score: 8.3

Credence Services, located in Laggere, Bangalore, is a trusted provider of various home and commercial services. They specialize in housekeeping, cleaning, pest control, and maid services, offering tailored solutions to meet individual needs. Known for their professionalism and efficiency, the team at Credence Services ensures high-quality service with a strong commitment to customer satisfaction. Operating from 10 AM to 9 PM, the company provides quick responses to customer queries, often within 15 minutes. Their range of services has earned them a solid reputation in the local market, backed by positive reviews and customer experiences

Available Loan Types:

Offering 5+ different types of loans

Loan Amount Range:

From ₹10 Lakhs to ₹55 Lakhs and above
Depending on the type of loan

sujit from Bangalore

"I would appreciate for the fast service and the amount got credited just in a week"

Chat

Enquire Now

GSR Business Solutions

Malleshwaram, Bangalore, 560003

5.0/5 Based on 1 Reviews

+080-48030742

Loans

Response Time: Within 15 MinsSulekha score: 3.9

hsr international realtors pte ltd. 190 lorong 6 toa payoh, singapore (310190) fomerly known as: hap seng realty (pte) ltd. hsr asset management pte. ltd. 238a thomson road, singapore (307684) hsr property pte. ltd. 10 anson road, singapore (079903) hsr property consultants pte ltd. 150 cecil street, singapore (069543) hsr marketing pte. ltd.

Umesh from Bangalore

"Service was excellent by the company..."

Chat

Enquire Now

RD Consultants

Murugeshpalya, Bangalore, 560017

+08069876613

Loans

Sulekha score: 7.8Working hours: 10 AM to 7 PM

RD Consultants is a leading company in Murugeshpalya offering a wide range of loan services to meet your financial needs. Our team of dedicated professionals has years of experience in the industry and is committed to providing personalized solutions to our clients. We specialize in home loans, mortgage loans, and non-CIBIL defaulter loans with a score above 750. We also offer loans against property, including those without a map, as well as loans against rent receivables. Our services also include loans on Lal Dora properties and plots, with options for loans over 56 lakhs and 50 lakhs. We also provide new home loans and balance transfer options. Visit us today to learn more about how we can help you achieve your financial goals.

Chat

Enquire Now

HMB Loans

KONANAKUNTE, Bangalore, 560062

+09021113790

Loans

Response Time: Within 30 Mins Sulekha score: 6.9

HMB Loans, located in Konanakunte, Bangalore, is a comprehensive financial services provider established in 2022. The company offers a wide range of loan solutions, including business, education, home, machinery, and personal loans. They also provide mortgage and overdraft loans, catering to both individuals and businesses. In addition, HMB Loans offers insurance products such as automotive, health, life, and business insurance. Their expert team is dedicated to delivering personalized guidance, ensuring a smooth and efficient process for their clients. With a focus on customer satisfaction, they aim to build long-term relationships based on trust and transparency?

Available Loan Types:

Offering 5+ different types of loans

Loan Amount Range:

From ₹10 Lakhs to ₹55 Lakhs and above
Depending on the type of loan

Chat

Enquire Now

Money Finance Service

Bangalore, Bangalore, 560021

+08069875880

Loans

Response Time: Within 15 MinsSulekha score: 6.6

Money Finance Service in Bangalore is a comprehensive financial service provider offering a wide range of loan options. They specialize in business loans, home loans, mortgage loans, and loans against property. With a strong emphasis on customer service, their experienced team is dedicated to helping clients secure the best financial solutions tailored to their needs. They operate with a quick response time and are committed to ensuring clients receive prompt and efficient service. Additionally, Money Finance Service is known for their reliable and trustworthy approach, making them a go-to choice for financial assistance in Bangalore. They cater to various financial needs, ensuring flexibility and convenience for their clients

Available Loan Types:

Offering 13 different types of loans

Loan Amount Range:

From ₹10 Lakhs to ₹1 Crore
Depending on the type of loan

Chat

Enquire Now

BUSINESS FACTOR

Wilson Garden, Bangalore, 560027

+08069874301

Loans

Response Time: Within 15 MinsSulekha score: 6.9

Business Factor, located in Wilson Garden, Bangalore, provides tailored loan services for businesses. Specializing in a range of financial solutions, including business loans, mortgage loans, and plot loans, they have built a reputation for offering easy and hassle-free loan processing. The company is dedicated to helping both startups and established businesses find the best loan options. With years of experience, they focus on delivering high-quality service, ensuring that clients receive suitable financial support for their ventures.

Available Loan Types:

Offering 5+ different types of loans

Loan Amount Range:

From less than ₹10 Lakhs to ₹1 Crore and above
Depending on the type of loan

Chat

Enquire Now

METRO CAPITAL CREDIT

Electronic City, Bangalore, 560100

+08048410120

Loans

Response Time: Within 60 MinsSulekha score: 6.8

Metro Capital Credit is a leading loan provider in Electronic City, offering a wide range of loan services such as home loans, mortgage loans, and loans against property. With our expertise, we assist individuals with CIBIL scores below 700 in obtaining loans. Our services also include loans against rent receivables, Lal Dora property, and various commercial, residential, and industrial buildings. We cater to all budget ranges, ranging from 36-55 lakhs to more than 56 lakhs. Our services also include new home loans and balance transfers. Our team works tirelessly to ensure that our clients receive the best loan solutions.

Chat

Enquire Now

V Try Assetz

Bangalore, Bangalore, 560086

+08069874630

Loans

Response Time: More than 60 MinsSulekha score: 8.3

Welcome to V Try Assetz, your trusted partner for all your loan needs. With our years of experience in the industry, we have helped countless businesses achieve their goals through our top-notch loan services. Our extensive range of loan options includes business loans, mortgage loans, and other business loans to help you grow your business. We also offer loan against property, loan against property without map, loans against rent receivables, and loans on Lal Dora property. Our services cover a wide range of properties, including plots, commercial buildings, residential buildings, and industrial buildings. No matter your budget, we have you covered, with loan options ranging from 11 lakhs to over 1 crore. Visit us in Kurubarahalli today and let us help you take your business to the next level.

Chat

Enquire Now

CREDIT 45 REALTY SERVICES

Banashankari, Bangalore, 560085

+08069868293

Loans

Response Time: Within 15 MinsSulekha score: 7.2

Credit 45 Realty Services, located in Banashankari, Bangalore, offers a variety of loan services tailored to meet customer needs. Their services include home loans, business loans, mortgage loans, loans against property, and plot loans. With a focus on personalized assistance, their experienced team guides clients through the entire loan process, ensuring a hassle-free experience. They cater to both individuals and businesses, offering competitive interest rates and flexible loan amounts. With a strong emphasis on customer satisfaction, Credit 45 Realty Services has built a reputation for being reliable and trustworthy?

Available Loan Types:

Offering 5+ different types of loans

Loan Amount Range:

From less than ₹10 Lakhs to ₹55 Lakhs and above
Depending on the type of loan

Chat

Enquire Now

MKN Loan

Chennai, Chennai, 600060

( Also serves in Bangalore )

+07569004951

Loans

Response Time: More than 60 MinsSulekha score: 4.6

MKN Loan in Chennai offers a range of financial services, specializing in providing various types of loans to meet the diverse needs of their clients. They focus on quick and hassle-free loan disbursement processes, ensuring that customers receive funds in a timely manner. Their loan offerings include business loans, personal loans, and loans against property, catering to both individuals and businesses. MKN Loan is known for its customer-centric approach, with a dedicated team that assists clients in selecting the most suitable loan products based on their specific financial requirements. The business operates with a strong commitment to transparency, ensuring that there are no hidden charges or unexpected costs. With a responsive and professional team, MKN Loan has built a reputation for reliability and trust in the Chennai financial services sector.

Available Loan Types:

Offering 10 different types of loans

Loan Amount Range:

From ₹20 Lakhs to ₹1 Crore and above
Depending on the type of loan

Chat

Enquire Now

Why Choose Sulekha?

Sulekha is your go-to platform for finding a wide variety of loan providers catering to diverse financial needs such as personal loans, car loans, home loans, vehicle loans, mortgage loans, education loans, and more. With Sulekha, you gain access to a comprehensive network of reputable lenders, ensuring you find the perfect match for your specific requirements. The platform simplifies your search process, saving you time and effort by connecting you with trusted professionals who can offer tailored loan solutions. Choose Sulekha for a seamless and efficient loan-seeking experience.

1. When to Consider Taking Out a Plot Loan?

Investment Opportunity: If you find a piece of land in a location with potential for future development or appreciation, a plot loan can provide the necessary funds to secure the land before prices increase.
Building a Custom Home: When you have plans to build a custom home, a plot loan allows you to purchase the land first. This gives you time to design your home and arrange for construction financing separately.
Agricultural or Commercial Use: If you're planning to use the land for agricultural purposes, such as farming or livestock, or for commercial development, a plot loan can help you acquire the necessary land to start your operations.
Retirement Planning: Some individuals buy land in desirable locations as part of their retirement planning. Owning land in a scenic or strategically located area can provide options for future development, sale, or building a retirement home.
Diversifying Assets: Investing in land can be a way to diversify your portfolio. Unlike other investments, land can offer long-term stability and potential appreciation, making it an attractive addition to your asset mix.
Immediate Funds Not Available: If you have identified the perfect plot of land but do not have the immediate funds to purchase it, a plot loan can provide the necessary capital. This allows you to secure the land while you arrange for other financing or liquidate other assets.
Better Loan Terms: When the loan terms are favorable, such as lower interest rates or flexible repayment options, it might be an opportune time to take out a plot loan. This can reduce the overall cost of borrowing and make the investment more viable.
Leveraging Tax Benefits: In some regions, there may be tax benefits associated with purchasing land, such as deductions on interest payments. Consult with a tax advisor to understand any potential tax advantages that could make a plot loan more attractive.

2. Eligibility Criteria for Taking a Plot Loan?

Age: Most lenders require applicants to be at least 21 years old, with the maximum age at loan maturity typically between 60 to 70 years. This range can vary based on whether the applicant is salaried or self-employed.
Income: Salaried individuals must have a stable income, demonstrated through payslips, income tax returns (ITRs), and bank statements. Self-employed individuals need to provide proof of business continuity and income stability through ITRs, bank statements, and business financial statements.
Employment Status: Salaried applicants should have a minimum of 2-3 years of work experience, with at least 1 year in the current job. Self-employed individuals should have been in the same business for at least 3 years to show business stability.
Credit Score: A good credit score, typically 700 and above, is crucial as it reflects the applicant's creditworthiness and ability to repay the loan. A higher score can improve the chances of loan approval and may result in better loan terms.
Loan Amount: The loan amount depends on the applicant's income and repayment capacity, with lenders generally financing up to 70-80% of the plot's value. Applicants need to make a down payment of 20-30% of the plot's value.
Property Documentation: The plot should have clear and marketable title deeds and necessary approvals from relevant authorities. Additionally, the property should be within the lender's approved locations to be eligible for financing.
Existing Liabilities: Lenders consider the applicant's existing loans and liabilities to assess their overall repayment capacity. Having minimal outstanding liabilities can positively impact loan approval.
Co-applicant: Having a co-applicant, especially one with a good credit score and stable income, can enhance eligibility. This can also increase the loan amount that can be sanctioned.
Nationality: The applicant should be a resident Indian or an NRI (Non-Resident Indian), depending on the lender's policy. Some lenders may have specific criteria for NRIs applying for plot loans.
Documents Required: Applicants need to provide identity proof (Aadhaar Card, PAN Card, Passport), address proof (utility bills, rental agreement), income proof (salary slips, ITRs, bank statements), property documents (sale deed, property tax receipts), age proof (birth certificate, passport), and employment proof (employment letter, business registration documents).

3. What are the Benefits and Advantages of a Plot Loan?

Flexibility in Construction: A plot loan offers the flexibility to design and build a home or commercial building according to your preferences and timeline, unlike ready-to-move properties. This allows for personalized planning and construction.
Appreciation Potential: Land typically appreciates over time, often at a faster rate than built-up properties. Investing in a plot can yield significant long-term returns, especially in developing areas.
Lower Interest Rates: Plot loans often come with lower interest rates compared to personal loans, making them a cost-effective financing option for purchasing land.
Loan Amount: Banks and financial institutions usually provide a high loan-to-value (LTV) ratio for plot loans, covering a significant portion of the plot's cost, thereby reducing the need for a large upfront payment.
Tax Benefits: If you plan to construct a house on the plot using a home loan, you can avail of tax benefits under Section 80C and Section 24(b) of the Income Tax Act for the principal repayment and interest paid on the loan.
Investment Diversification: Investing in land allows you to diversify your investment portfolio, providing a tangible asset that can hedge against inflation and economic downturns.
Less Depreciation: Unlike constructed properties, land does not suffer from physical depreciation, making it a more durable and lasting investment over time.
Improved Financing Options: Financial institutions may offer customized financing options for plot loans, such as longer repayment tenures and the possibility to convert the plot loan into a home loan once construction begins.
Collateral Value: Land serves as valuable collateral for future loans. Its appreciating value can provide better leverage for obtaining additional financing if needed.
Ownership Benefits: Owning a plot provides a sense of security and ownership, allowing you to use the land for various purposes, including agricultural activities, rental properties, or commercial use, depending on zoning regulations.

4. Important Factors to Consider When Taking a Plot Loan?

Loan Eligibility: Understand the eligibility criteria set by the lender. This includes age, income, employment status, credit score, and other financial obligations. Different lenders have varying requirements, so it's important to check with multiple institutions.
Interest Rates: Compare interest rates offered by different lenders. The interest rate will significantly impact your monthly EMI (Equated Monthly Installment) and the total cost of the loan. Consider both fixed and floating interest rate options.
Loan Tenure: Choose a loan tenure that suits your financial situation. A longer tenure will lower your monthly EMI but increase the total interest paid over the loan period, while a shorter tenure will increase your EMI but reduce the total interest cost.
Down Payment: Determine the down payment required by the lender. Most lenders require a certain percentage of the plot's value as a down payment. Ensure you have sufficient funds for this initial payment.
Loan-to-Value (LTV) Ratio: This ratio indicates the percentage of the plot's value that the lender is willing to finance. A higher LTV means you need to arrange a lower down payment, but it also implies higher risk for the lender, which might result in higher interest rates.
Processing Fees and Other Charges: Be aware of the various fees associated with the loan, such as processing fees, administrative charges, legal fees, and prepayment or foreclosure charges. These costs can add up and affect the overall cost of the loan.
Approval and Disbursement Time: Consider the time taken by the lender to approve and disburse the loan. Delays in disbursement can affect your plot purchase plans, especially if you have a deadline to meet.
Prepayment and Foreclosure Options: Check the terms and conditions related to prepayment and foreclosure of the loan. Some lenders charge penalties for early repayment, while others offer flexible options. Prepaying the loan can save on interest costs if allowed without heavy penalties.
Documentation: Ensure you have all the necessary documents required by the lender. This typically includes identity proof, address proof, income proof, bank statements, and property-related documents.
Legal Verification: The lender will conduct a legal verification of the plot to ensure there are no disputes or encumbrances. It's advisable to also perform your own legal due diligence to confirm the plot's clear title and ownership.
Insurance: Consider taking insurance for the plot loan to protect against unforeseen circumstances like loss of job, disability, or death. Insurance can help in repaying the loan in case of such events.
Tax Benefits: Understand the tax benefits associated with plot loans. In some countries, you may be eligible for tax deductions on the interest paid on a plot loan if the plot is used for constructing a house.

5. Plot Loan Interest Rates?

Bank Name	Interest Rate (per annum)	Loan Amount	Processing Fees	Tenure
State Bank of India	7.90% - 8.90%	Up to ₹3 Crores	0.35% of loan amount (min ₹2,000, max ₹10,000)	Up to 10 years
HDFC Bank	8.25% - 9.75%	Up to ₹10 Crores	0.50% of loan amount (min ₹3,000, max ₹10,000)	Up to 15 years
ICICI Bank	8.60% - 9.85%	Up to ₹5 Crores	0.50% of loan amount (min ₹5,000)	Up to 10 years
Axis Bank	8.40% - 9.90%	Up to ₹5 Crores	1% of loan amount (min ₹10,000)	Up to 20 years
Punjab National Bank	7.95% - 9.25%	Up to ₹3 Crores	0.35% of loan amount (min ₹2,500)	Up to 10 years
Bank of Baroda	7.85% - 9.35%	Up to ₹5 Crores	0.35% of loan amount (min ₹1,000, max ₹15,000)	Up to 15 years
Kotak Mahindra Bank	8.50% - 9.75%	Up to ₹10 Crores	0.50% of loan amount (min ₹10,000)	Up to 15 years
Canara Bank	7.95% - 9.20%	Up to ₹3 Crores	0.50% of loan amount (min ₹2,500)	Up to 10 years
Union Bank of India	8.00% - 9.50%	Up to ₹5 Crores	0.50% of loan amount (min ₹5,000)	Up to 15 years
IDBI Bank	8.35% - 9.50%	Up to ₹3 Crores	0.50% of loan amount (min ₹2,500)	Up to 10 years

Please note: Interest rates and fees can vary based on the loan amount, tenure, credit profile of the borrower, and specific bank policies. It is advisable to check with the respective bank for the most accurate and updated information.

Was this article is helpful?

Most Common Questions About Plot Loans

1. Who are the best Plot Loan providers in Bangalore?

Credence Services
GSR Business Solutions
RD Consultants
HMB Loans
Money Finance Service

2. What documents are required for a Plot Loan?

To apply for a plot loan, you typically need identification proof (like an Aadhaar card or passport), address proof (utility bills or rent agreement), income proof (salary slips or bank statements), property documents, and a completed loan application form.

3. What are the eligibility criteria for a Plot Loan?

Eligibility for a plot loan usually includes being a salaried or self-employed individual, having a stable income source, being within a certain age range (usually 21-65 years), and having a good credit score. Specific criteria may vary by lender.

4. How do I apply for a Plot Loan online?

To apply for a plot loan online, you can apply online with the Sulekha form above with your loan requirements, and connect with the best loan providers that suit your needs. Also you can visit the lender's website, fill out the application form with your personal and financial details, upload the required documents, and submit the form. The lender will review your application and contact you for further processing.

5. How can I get an instant Plot Loan?

Getting an instant plot loan involves having a good credit score, meeting the lender's eligibility criteria, and ensuring all necessary documents are ready. Some lenders offer pre-approved loans to existing customers, which can expedite the process.

6. What is the percentage rate for Plot Loan?

The interest rate for plot loans varies by lender and borrower profile but typically ranges between 8% to 12% per annum. It's advisable to check with multiple lenders to find the best rate available.

7. Can I get a Plot Loan with a low CIBIL score?

While it is challenging, some lenders may approve a plot loan with a low CIBIL score by charging a higher interest rate or requiring a co-applicant with a better credit score. It's best to improve your credit score before applying.

8. What is the processing fee for a Plot Loan?

The processing fee for a plot loan generally ranges from 0.5% to 2% of the loan amount, depending on the lender. Some lenders may offer discounts or waive the fee as part of promotional offers.

9. Can I get a Plot Loan with a bad credit score?

Obtaining a plot loan with a bad credit score is difficult but not impossible. You might need to provide additional collateral, find a co-applicant with a good credit score, or be prepared for higher interest rates. It's advisable to work on improving your credit score for better terms.

Tips & Solutions for Applying Loan View All Blogs

Home Buying Trends 2021 by Jenson

For most people, the primary purpose of buying real estate as an investment is to make a profit. However, there can be...

Important Things That NRIs Should Know About Home Loan In India by Pavithra S

If you are an NRI who wish to buy a residential property in India using a home loan, then it is essential for you to be aware...

Home Loan Agreement- Important clauses to know! by Pavithra S

Buying a house is still considered a big achievement in a person’s life as it entails several processes before one could heave...

How To Avoid Rejection Of Your Personal Loan Application Devi Bhuvanesh

Are you in urgent need of money for personal reasons? To meet the immediate financial requirement, one can apply for a personal loan...

Read all Blogs

4.6

Based on 37 Reviews

Nikesh Yeshwanthpur

04 Nov, 2022

It had to come out of a financial crunch especially when you don't have anyone to support you. Thankfull for Goldman FinTech was there who helped me get an Mortgage Loan even when I was having a low credit score.

Priti Indira Nagar

13 Jan, 2022

Cred Customer-988-34.7O.5.6%2=the number one in which the rest are the rest of the rest of the rest is ramesh sharma at no extra charges

Shivaprasad Hebbal Kempapura

21 Mar, 2021

Hi i need 3 lakhs urgent money for some medical issues. I would like to get loan on my 30X40 plot documents. Please get back to to ASAP.

Guru Rajesh Koramangala

14 Oct, 2020

Full marks to the fincareeka team for getting balance transfer with HDB bank. i didnt know that old loans interest rates can be reduced but they informed me and help get all loans + fresh loan at a lower rate.

Sudheer Bannerghatta

29 Feb, 2020

Thank you very much Shiv for fulfilling my Loan Requirement with your dedicated and On-Time processing and methodology. Superb service provider..hope to work with you soon! Thanks again :)

Prakash Kasturi Nagar

28 Jan, 2019

The quick response I have got from this Sai Associates, Kasturi Nagar in Bangalore for Loans against on Property requirement. They have taken the step for document verification and guaranteed Singh details, I hope they will give a positive result for loan approval. they have checked my account details within a short period and they explained me details about the loan structure also. I am happy to choose this financial for my Mortgage loan requirement.

Amith Mahadevapura

14 Dec, 2018

Absolutely real and genuine person, Got Personal loans from this State Bank of India, they did the work very quickly in order to get the loan quickly. I got loan amount, the staff member was very cooperative and very friendly moving into the customer. They have charged me a nominal amount, there was a quick response to the customer since the customer satisfaction was very important.

Muniraju M Indira Nagar

29 Nov, 2018

Have applied for my personal loan through LIC Bangalore. The response was good. They explain the term and condition. Had submitted all the documents here. They delayed time to provide the loan. So its an average service to me.

Top Plot Loan in Bangalore

What type of mortgage loan do you need?

Find the Top Plot Loan Providers from Sulekha in Bangalore

Top List of 10+ Plot Loan Providers in Bangalore. Get an instant Plot Loan with low interest rate, Also loan for land purchase, land loan, and more. Find the best Plot loan service providers near your location. as on Dec 10, 2024

Credence Services

GSR Business Solutions

RD Consultants

HMB Loans

Money Finance Service

BUSINESS FACTOR

METRO CAPITAL CREDIT

V Try Assetz

CREDIT 45 REALTY SERVICES

MKN Loan

Latest User Reviews for Plot Loan in Bangalore

Recently Connected Loans Business Partners in Bangalore

Why Choose Sulekha?

1. When to Consider Taking Out a Plot Loan?

2. Eligibility Criteria for Taking a Plot Loan?

3. What are the Benefits and Advantages of a Plot Loan?

4. Important Factors to Consider When Taking a Plot Loan?

5. Plot Loan Interest Rates?

Most Common Questions About Plot Loans

1. Who are the best Plot Loan providers in Bangalore?

2. What documents are required for a Plot Loan?

3. What are the eligibility criteria for a Plot Loan?

4. How do I apply for a Plot Loan online?

5. How can I get an instant Plot Loan?

6. What is the percentage rate for Plot Loan?

7. Can I get a Plot Loan with a low CIBIL score?

8. What is the processing fee for a Plot Loan?

9. Can I get a Plot Loan with a bad credit score?

Tips & Solutions for Applying Loan View All Blogs

Home Buying Trends 2021

Important Things That NRIs Should Know About Home Loan In India

Home Loan Agreement- Important clauses to know!

How To Avoid Rejection Of Your Personal Loan Application