Residential Plot Loan in Bangalore

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Residential Plot Loan in Bangalore

Housing loan – Helping you find your home. Housing loan offers Residential Plot Loan at lowest rate of interest. When it comes to availing Residential Plot Loan,don’t worry about paperwork anymore. We’ll help you with the tedious paperwork involved in applying for a Residential Plot Loan so that all you have to do is sit back and relax while we take care of everything else.

Residential Plot Loan:

A residential plot loan is a secured loan that is provided against the security of land funded by the bank’s loan. Plots loans are given for residential as well as commercial purpose. Residential plot loan in Bangalore is taken by the borrower from the bank against the land that is brought on the part by the borrower giving the bank a conditional ownership of the land. It means, if the borrower fails to repay the loan amount, the bank has the right to sell the land to retrieve the loan amount.

Buying a residential plot provides enormous investment options. Most of the NRI’s who belong to Bangalore show much interest in buying residential plots in Bangalore. Residential plots in Bangalalore are highly in demand as various residential projects are coming across the city. Real estate prices are rising day by day. At Home Loan Bangalore, we provide detailed information about the residential plot loan in Bangalore.

When it comes to financing your home, Residential Plot Loan is the best option. Buying a home loan may seem easy, but it’s not. There are eligibility factors that need to be kept in mind. For more information on eligibility factors and other important information on Residential Plot Loan Contact us.

Home Loan Rate of Interest in Bangalore as on May 2022

Rate of Interest 7.10%
Maximum Tenure 20 years
Processing Fee Up to 0.50% of the loan amount or ₹ 3,000 whichever is higher, plus GST.
Prepayment and Foreclosure Charges Allowed and no charges for floating rate loans
Age Limit Minimum 24 years and Max 60 years

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