HDFC Plot & Home Construction Loan
Primary Lending Institution:HDFC Bank Ltd.
Up to ₹10 Crore home loan at 8.65% – 9.50% with Up to 30 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without formal non-agricultural conversion.
What is HDFC Plot & Home Construction Loan?
Combined loan facility funding both the acquisition of a residential plot and the subsequent phased construction of an independent house.
Key Benefits & Features
Single combined loan avoiding multiple sanction fees; stage-wise disbursement matching construction milestones; dedicated architect inspection.
Property & Project Eligibility Requirements
Approved residential plot with sanctioned architectural building construction plan.
Borrower Eligibility Criteria
Salaried professionals and self-employed individuals with approved layout plots.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://www.hdfcbank.com/personal/borrow/popular-loans/home-loan/plot-loans with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
Documents Required Checklist
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
Frequently Asked Questions
What is the maximum loan tenure available for HDFC Plot & Home Construction Loan?
The maximum repayment tenure offered for HDFC Plot & Home Construction Loan is Up to 30 years, subject to borrower's age not exceeding 65 years at loan maturity.
What are the processing charges and prepayment rules for HDFC Plot & Home Construction Loan?
The processing fee is 0.50% + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for HDFC Plot & Home Construction Loan?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does HDFC Plot & Home Construction Loan require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without formal non-agricultural conversion.