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Top List of 10 Plot Loan Providers in Chennai. 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 Feb 19, 2025

V for U Financial Services

Jafferkhanpet, Chennai, 600083

4.0/5 Based on 7 Reviews

+08069875249

Loans

Response Time: Within 15 MinsSulekha score: 6.9

V For U Financial Services, located in Jafferkhanpet, Chennai, is a well-established financial service provider specializing in various loan products. With over 20 years of experience, they offer personalized assistance for home loans, mortgage loans, car loans, and business loans. The firm is known for its reliable and customer-focused approach, ensuring quick processing and disbursal of loans. They cater to a diverse clientele, ranging from individuals seeking personal loans to businesses in need of financial support. Their office is conveniently located behind Kasi Theatre, making it accessible to clients across Chennai.

Available Loan Types:

Offering 25+ different types of loans

Loan Amount Range:

From ₹1 Lakhs to ₹50 Lakhs and above
Depending on the type of loan

Gayathri Anand from Chennai

"Excellent service rendered by the mr. Perumal and pushparaj team at the time of taking car loan . Very fast and door step service by the team. And also renewal of insurance .. they take utmost care the remind us well before for renewing and patiently follow up till we make it done. My best wishes for the team and keep doing the best service..."

kaviraja from Chennai

"Really Fantastic job they did , Considering the situation demanded Regards Raja "

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LAKSHANA FIN CORPS

West Mambalam, Chennai, 600033

+08048096670

Loans

Response Time: Within 15 MinsSulekha score: 6.9

Welcome to LAKSHANA FIN CORPS, located in the heart of West Mambalam. Our company has been providing top-notch loan services since our establishment. With a team of dedicated employees, we offer a wide range of services including home loans, mortgage loans, non-CIBIL defaulter loans, and loans against property. Our working hours are flexible to suit your needs. Trust us to help you achieve your dreams of owning a new home or expanding your property. We cater to a variety of budgets, with loans ranging from 56 lakhs to 50 lakhs. Our services also include balance transfers for existing loans. Choose LAKSHANA FIN CORPS for hassle-free and reliable loan solutions.

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N.V Associates

Ashok Nagar, Chennai, 600083

+08048030968

Loans

Response Time: More than 60 MinsSulekha score: 7.9

N.V Associates is a well-established business that has been serving the community of Ashok Nagar since 2012. We offer a variety of loan services, including home loans, mortgage loans, and loans against different types of properties. With a team of dedicated professionals, we strive to provide our customers with the best loan options that suit their needs and financial situation. Our services are open to all, including those with a non-CIBIL defaulter score above 750. We also offer loans against rent receivables and properties in Lal Dora, making us a one-stop solution for all your loan needs. Our working hours are convenient for all, so come and explore our services today!

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GKB Enterprises

Kundrathur, Chennai, 600069

+08069831659

Loans

Response Time: Within 15 MinsSulekha score: 7.7

GKB ENTERPRISES is a reputable and reliable business offering a wide range of loan services to cater to all your financial needs. With over 4 years of experience in the industry, our team of experts is dedicated to providing personalized solutions to our clients. We specialize in business loans, personal loans, and other types of loans, including non-CIBIL loans for individuals with a credit score above 750. Our loan options include amounts ranging from less than 10 lakhs to more than 1 crore, and we also offer flexible repayment plans. Visit us in Kundrathur to explore our services and find the best loan option for you.

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Nugumeeran

Kodambakkam, Chennai, 600024

5.0/5 Based on 4 Reviews

+09021108250

Loans

Response Time: Within 60 MinsSulekha score: 7.3

I m in bank field more than twelve years. I m come at direct visited to customer house or office. no upfront charges.

Guest from Chennai

"i have many loans /clubbing get one loan, monthly i m pay one emi only thanks for your help"

A User from Chennai

"Very fast service "

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DDD Enterprises

West Mambalam, Chennai, 600033

+07569016342

Loans

Response Time: More than 60 MinsSulekha score: 7.1

Welcome to k. Uppili, your one-stop destination for all your loan needs. With our vast array of services, we aim to make the loan process hassle-free and convenient for you. Our team of experts is dedicated to providing you with the best solutions to fit your specific needs. Founded in West Mambalam, we have been serving our clients for several years and have gained a reputation for our reliable and efficient services. Our services include home loans for all credit scores, including non-CIBIL defaulters, and affordable options ranging from 21 to 55 lakhs. Trust us to help you make your dream home a reality.

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Aura Global Services

Madipakkam, Chennai, 600091

+08069670198

Loans

Sulekha score: 7.5Working hours: 09:00 AM to 09:00 PM

my services loans home loan loans against property in more than 25 years experience with the with or without incomproof we will do loan we will do loan

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Shri Vinayak Enterprises

Vaishali Nagar, Jaipur, 302021

( Also serves in Chennai )

Loans

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

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Naresh Ramesh

Paye Gaon, Thane, 401404 ( Also serves in Chennai )

Loans

Sulekha score: 7.1Working hours: 10 AM to 5 PM

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Sagar Enterprises

Malviya Nagar, Delhi, 110017 ( Also serves in Chennai )

1.0/5 Based on 1 Reviews

Loans Construction Loans

Sulekha score: 6.6Working hours: 10 AM to 5 PM

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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.

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Most Common Questions About Plot Loans

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

V for U Financial Services
LAKSHANA FIN CORPS
N.V Associates
GKB Enterprises
Nugumeeran

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.

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4.8

Based on 61 Reviews

Kalaiyarasi Arumbakkam

20 Jul, 2021

He is given the wonderful Service, when I approached for mortgage loan. Very knowledgeable person. Easy documentation.

Guest Valasaravakkam

07 Feb, 2020

Gud service and gud responsible company.!! And finally I have lot of problems and they?re deserved it.!! Thank you so much????

vignesh

08 Nov, 2019

Hello Friends, I am working as Business Banking Relationship Manager for a Reputed private Bank in Chennai. Are you a manufacturer, Trader, Service Provider whose Annual turnover from 1 Cr to 100 Cr business, who want to scale your business in Financial Year 2019-2020. We provide Loans from Rs 25 Lakhs to Rs 20 Cr+.. ? Mortgage Loans/Term Loans ? Overdraft facility/ Working capital ? Pre/Post Shipment Finance ? LC Bill Discounting ? Lease Rental Discounting ? Letter of Credit (Inland & Foreign) ? Bank Guarantee(Inland & Foreign) ? Forward Contracts/Derivates ? Advisory and Handling of Capital Account Transactions I take 100% personal Banking Responsibility for your Company's Growth. Kindly call me Vignesh - 9087159777 or kindly leave a message in watsup.

Varadhan Madipakkam

13 Sep, 2019

Got the mortgage loan sanctioned quickly. I really appreciate the personalized services and the financial advise given by the firm

Priyank Anna Nagar East

21 Jun, 2019

It has been a pleasure working with the team at Incept. The overall experience for the loan acquisition was handled smoothly. The team is easily reachable and always available for any questions. Highly satisfied.

Akansha Anna Nagar East

Faster processing .. Hassle free service provider.. I got my loan approved so fast and i am very happy with the service also planning for more loans from incept business solution

Jose Anna Nagar East

20 Jun, 2019

Incept Business Solutions completed my construction loan process very fast and easy. Good and transparent behaviour and you can trust them. I recommend.

Kumar Anna Nagar East

13 May, 2019

Their team gave a detailed comparison of various banks and NBFCs for my Mortgage loan requirement. Trustworthy.

Top Plot Loan in Chennai

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Find the Top Plot Loan Providers from Sulekha in Chennai

Top List of 10 Plot Loan Providers in Chennai. 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 Feb 19, 2025

V for U Financial Services

LAKSHANA FIN CORPS

N.V Associates

GKB Enterprises

Nugumeeran

DDD Enterprises

Aura Global Services

Shri Vinayak Enterprises

Naresh Ramesh

Sagar Enterprises

Latest User Reviews for Plot Loan in Chennai

Recently Connected Loans in Chennai

Recent Enquiries for Plot Loan in Chennai

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 Chennai?

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