SBI Realty Home Loan (Plot Purchase)
Primary Lending Institution:State Bank of India (SBI)
Up to ₹15 Crore home loan at 8.75% – 9.65% with Up to 10 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible. Construction of dwelling unit must commence within 5 years.
What is SBI Realty Home Loan (Plot Purchase)?
Plot loan providing credit for purchasing a residential plot from government development authorities (BDA, DDA, HUDA) or approved private gated layouts with construction mandate.
Key Benefits & Features
Allows securing prime residential land; separate housing loan available for subsequent construction; high loan ceiling up to ₹15 Crore.
Property & Project Eligibility Requirements
Residential plot in statutory authority layout or approved private development.
Borrower Eligibility Criteria
Resident Indian citizen with proven income stability; plot must be demarcated in a non-agricultural approved layout.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://sbi.co.in/web/personal-banking/loans/home-loans/sbi-realty 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 SBI Realty Home Loan (Plot Purchase)?
The maximum repayment tenure offered for SBI Realty Home Loan (Plot Purchase) is Up to 10 years, subject to borrower's age not exceeding 65 years at loan maturity.
What are the processing charges and prepayment rules for SBI Realty Home Loan (Plot Purchase)?
The processing fee is 0.35% (Min ₹2,000, Max ₹10,000) + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for SBI Realty Home Loan (Plot Purchase)?
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 SBI Realty Home Loan (Plot Purchase) 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. Construction of dwelling unit must commence within 5 years.