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NRI Plot Loan

NRI Plot Loan


  • NRIs gainfully employed with a residual contract period / service of atleast 3 more years to run.
  • NRI professionals with regular monthly income.
  • Maximum permissible age at the time of applying is 50 years & at the end of repayment period is 60 years.


  • For purchase of House Site on ownership basis; House site should be located in layout approved by Government authority. Loan for purchase of house site at rural area is not permitted.

Amount of Loan

  • 36 times of Gross Monthly Income subject to availability of  40% Net Take Home pay on Gross Monthly Income after deduction of EMI for the proposed loan, apart from other deductions
  • The cap on Plot Loan per borrower has been fixed as under:
    • For purchase of property in Rural area : Rs. 50.00 lakhs
    • For purchase of property in Semi-urban area : Rs. 100.00 lakhs
    • For purchase of property in Urban area : Rs. 200.00 lakhs
    • For purchase of property in Metro : Rs. 300.00 lakhs.


  • 25% on Land cost

Interest Rate

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Processing Fee

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  • Not Exceeding 180 EMIs (No Holiday Period).

Prepayment charges

  • NIL


Equitable Mortgage of Property purchased out of loan proceeds.
* Equitable Mortgage to be registered (at Applicant’s cost) if there is a provision for the same in the State where property is located.
CERSAI registration (at Applicant’s cost) to be done

Documents to be submitted for processing the application

As detailed in our NRI Home Loan product. All the applicable/relevant documentary evidences are to be submitted

Other Requirements/Details

• Property to be purchased should be in a good accessible developed/developing area and the Bank should be able to sell the same without problem in case of default. • Property should be properly protected by fencing/compound wall. • The lay out of the house site should have been approved by the appropriate authorities like CMDA, BDA, DDA, Town Planning Authorities etc.

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( Last modified on Oct 20, 2021 at 04:10:10 PM )