Loans For Plot Purchase | DMI Housing Finance

PLOT PURCHASE LOANS

If it is your desire to own the land on which you build your home, we support you all the way. Through our pan-India branch network, we offer convenient loans for the purchase of plots of land that can be used for construction of homes.

Plot Loan Eligibility Criteria

Salaried Individuals can apply for plot loan
Self Employed Individuals can apply for plot loan
Minimum Age – 18 years
Maximum Age 70 (with Income Documents) and Age 90 (without income documents)
Plot Purchase Loan Tenure – Up to 25 years
Plot Purchase Loan Amount – Up to 30 Lacs
Applicant & Co-applicant – Plot Purchase Loans can either be applied individually or jointly. The Co-Applicant may or may not be a Co-owner of the property. However, all the Co-owners of the property must be a Co-Applicant. Co-Applicants should be immediate family members like Spouse, Parents, or Children.

Minimum Loan Amount:

2 lacs

Maximum Loan Amount:

30 Lacs

Minimum Tenure:

1 Year

Maximum Tenure:

25 Years

Loan To Value:

Minimum-60%, Maximum -85%

ROI Range:

Minimum - 13%, Maximum -15.5%

Plot Loan Documentation

Purpose	Documents
Identity Proof (Any One)	1. Valid Passport
	2. Voter ID Card
	3. Aadhaar Card
	4. PAN Card
	5. Valid Driving Licence
Age Proof (Any One)	1. Valid Passport
	2. Voter ID Card
	3. Aadhaar Card
	4. PAN Card
	5. Valid Driving Licence
Address Proof (Any One)	1. Valid Passport
	2. Voter ID Card
	3. Aadhaar Card
	4. PAN Card
	5. Valid Driving Licence
	6. Latest Electricity Bill
	7. Latest Utility Bill (Telephone (MTNL/BSNL/ Non Private Service Provider), Water Bill, Property Tax Receipt)
Income Proof	Salaried
	1. Salary Slips/6 month's Bank Statements / Form-16
	2. Salary Certificate (Cash Salaried Cases)
	Self-Employed
	1. IT Returns and/or Financial Statements of last 3 years / 1 year Bank statement
	and/or
	2. Informal Income Documents
Other Documents	1. Application form with photograph duly signed
	2. Processing fee cheque
	3. Proof of business existence
	4. Last 1 year Bank statements
Property-related documents	1. Title Deeds of the Plot
Property-related documents	2. Proof of no encumbrances on the property
Application Form	Completely Filled application form from all Applicant & Co-applicants

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PLOT PURCHASE LOANS

PLOT PURCHASE LOANS

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