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National Toll Free No1800 425 00 000

NRI Plot Loan

NRI Plot Loan

Purpose / Objective

  • 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.


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

Amount of Loan

  • 30 times of Gross Monthly Income
  • 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

Processing fee

  • 1.167% on Loan amount.

Interest Rates

  • Please see the Lending Rates link on home page


  • 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
(i) For Loans up to Rs 5 Lakhs – Rs 50 + ST
(II) For Loans above Rs 5 Lakhs – Rs 100 + ST

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.