BANK INTEREST RATES

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BANK INTEREST RATES

BANK INTEREST RATES

Current Plot Interest Rates : 2021

BanksInterest Rate (p.a.)
SBI Plot Loans6.75% – 7.30%
HDFC Plot Loans7.05% – 7.95%
ICICI Bank Land Loan7.00% – 7.80%
Federal Bank Plot Loan7.65% – 7.80%
Shriram Housing Finance8.90%
PNB Housing Plot Loan8.55% -10.55%
Karnataka Bank Plot Loan10.89%-12.09%
Maharashtra Bank Plot Loan6.95%-7.25%

Banks operating in the country offer plot or land loans to eligible applicants. The loans can be availed to buy a residential plot where you can build your dream home. They are provided at attractive rates and can be repaid in affordable EMIs with the maximum repayment tenure going up to 25 years.

Plot loans are a unique banking product designed to facilitate the purchase of a plot of land. Also known as land loans, it is often confused as being same as a home loan. The difference between plot and home loans is that a plot loan can be availed for the purchase of the land where the house will be constructed later.

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