Top List of 6 Plot Loan Providers in Lucknow. 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 Jan 17, 2025

Avadh & Associates

Jankipuram, Lucknow, 226021

4.6/5 Based on 18 Reviews

+08069875733

Loans

Response Time: Within 60 MinsSulekha score: 7.3

Avadh & Associates is a well-established law firm located in Jankipuram, Lucknow, near Icon Hospital. The firm specializes in a wide range of legal services, focusing on personal and business law. They are highly recognized for their professional legal advice and personalized service, making them a preferred choice for many in the region. The firm operates with a customer-centric approach, providing reliable guidance and maintaining a reputation for trustworthiness and excellence in their legal practices. Avadh & Associates also offer flexible payment options, including cash and credit card, and ensure client comfort with amenities such as air conditioning and free parking. The firm's working hours are from 9:00 AM to 7:00 PM, Monday to Saturday, making it accessible for clients throughout the week

Available Loan Types:

Offering 15+ different types of loans

Loan Amount Range:

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

Priyanka from Lucknow

"Good & Fast Service????"

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Rohit Enterprises

Swasthya Vihar, Delhi, 110092

( Also serves in Lucknow )

+08035427963

Loans

Response Time: More than 60 MinsSulekha score: 5.2

Welcome to Rohit Enterprises! Our business has been providing top-notch loan services since 1907 in Preet Vihar. With our team of 6-10 dedicated employees, we offer a wide range of loan options including home loans, mortgage loans, unsecured loans, personal loans, private finance loans, and business loans. We cater to all loan requirements, from 2-15 lakhs, with options such as loan against property, industrial building loans, plot loans, and even loans for CIBIL defaulters (score below 750). Our services also include loans against rent receivables, overdrafts, and cash credit. No matter what your loan needs are, we have got you covered. Our working hours are flexible and we are here to assist you in finding the right loan option for your specific needs. Come visit us today and let us help you achieve your financial goals!

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Shri Shyam Investment Consultancy

Rohini, Delhi, 110085

( Also serves in Lucknow )

2.0/5 Based on 1 Reviews

+08069875154

Loans

Sulekha score: 7.3Working hours: 10 AM to 7 PM

Shri Shyam Investment Consultancy, located in Rohini, Delhi, is a comprehensive financial service provider specializing in a wide range of loan services. They offer various types of loans, including home loans, mortgage loans, project loans, unsecured loans, personal loans, and business loans. The firm is known for its personalized approach, with experienced professionals guiding clients through the loan process to find the best solutions tailored to their financial needs. With several years of experience in the industry, Shri Shyam Investment Consultancy has established a reputation for providing reliable and efficient financial services in the region?

Available Loan Types:

Offering 15 different types of loans

Loan Amount Range:

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

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Ved consultant

Model Town, Sonipat, 131001

( Also serves in Lucknow )

Loans

Sulekha score: 6.8Working hours: 10 AM to 7 PM

Welcome to Ved consultant, your one-stop solution for all your loan needs. With over 0 years of experience, we have established ourselves as the leading loan provider in Model Town. Our team of experts is dedicated to providing you with the best services for all your financial needs. We offer a wide range of loans such as home loans, business loans, mortgage loans, personal loans, and more. Our services also include loan against property, loan against cash credit, and loan against overdraft. We cater to all types of properties including commercial, residential, and industrial buildings. Don't let your CIBIL score hold you back, we offer loans for both CIBIL and non-CIBIL defaulters. Our loan amounts range from less than 1 lakh to more than 1 crore. Visit us today and let us help you achieve your financial goals. Our working hours are flexible to accommodate your busy schedule. Come and explore our services and embark on the journey towards financial stability.

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Pradeep Investment Consultant

Shivaji Nagar, Pune, 411004

( Also serves in Lucknow )

Loans Construction Loans Structural Adjustment Loans

Sulekha score: 6.8Working hours: 10 AM to 5 PM

Welcome to Pradeep Investment Consultant, your one-stop destination for all your loan needs. Whether it's a home loan, mortgage loan, project loan, or unsecured loan, we have got you covered. Our team of experts will guide you through the entire process and help you choose the best option for your financial needs. With over 10 years of experience in the industry, we have successfully helped thousands of customers achieve their financial goals. Our services include private finance loans, business loans, and personal loans ranging from 6-15 lakhs. We also offer loans against property, rent receivables, cash credit, and overdraft. Visit us today at our Ganeshkhind location and take the first step towards securing your financial future.

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Rajendra maurya

Sahabganj, Faizabad, 271002

( Also serves in Lucknow )

Loans

Working hours: 9 AM to 7 PM

Welcome to Rajendra Maurya's Loans, a trusted and reliable business in Sahabganj. Our business has been established for many years and our team is committed to providing top-notch services to our customers. With our expert team and wide range of services, we offer the best solutions for your financial needs. We specialize in home loans, including CIBIL defaulter and non-CIBIL defaulter cases. Whether you are looking for a new home loan or a balance transfer, we have got you covered. Our flexible working hours make it convenient for you to avail our services. Trust us to help you achieve your dreams of owning a home.

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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 Lucknow?

Avadh & Associates
Rohit Enterprises
Shri Shyam Investment Consultancy
Ved consultant
Pradeep Investment Consultant

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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4.9

Based on 7 Reviews

Arpit Sharma Indira Nagar

13 Feb, 2022

I offer a Home Loan & Loan Against property construction loan Hospital against loan marriage Hall Against loan Ware House Again loan improvement loan personal loan business loan / Low paper work online Section process

MAHESH KUMAR Jankipuram

17 Jul, 2020

Very good experience with avadh & associates ,great environment and mr. Sd shukla sir is good coperative man.

beena Jankipuram

02 Nov, 2019

Avadh&Associates is one of the best loan services provider in lucknow. I am very happy with his work.

Top Plot Loan in Lucknow

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Find the Top Plot Loan Providers from Sulekha in Lucknow

Top List of 6 Plot Loan Providers in Lucknow. 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 Jan 17, 2025

Avadh & Associates

Rohit Enterprises

Shri Shyam Investment Consultancy

Ved consultant

Pradeep Investment Consultant

Rajendra maurya

Latest User Reviews for Plot Loan in Lucknow

Recently Connected Loans in Lucknow

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 Lucknow?

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