Plot and Home Construction Loan Online in India

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About Us

Aditya Birla Capital Limited (“ABCL”) is a listed systemically important nondeposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 68,400 employees, the businesses of ABCL have a nationwide reach with over 1,740 branches and more than 200,000 agents/channel partners along with several bank partners.

Nationwide Branches

1,740

No. of Employees

68,400

Agents/Channel Partners

2,00,000+

Aggregate Assets

INR 5.91 Lakh Cr

Consolidated Lending Book

INR 2 Lakh Cr

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Home Loan

Find customised home loan solutions for your unique needs

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Find a better interest rate for your existing home loan

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Get a loan on your existing home loan to meet your needs

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Turn your assets into a financial ally

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Home Loan Eligibility Calculator

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What is Plot and Home Construction Loan?

A Plot and Home Construction Loan is designed to help you purchase a residential plot and fund the construction of a house. You can get quick funds to buy a plot and construct your dream home.

Single financing solution from Aditya Birla Capital for buying a plot and building your home.

Competitive interest rates from 7.75% to 15.50% p.a. to make borrowing more affordable.

Flexible repayment tenures going up to 20 years to suit your financial needs.

Simple documentation requirements and faster loan disbursal.

Reasons to Get a Plot and Home Construction Loan

Complete financing

Get comprehensive financial support for purchasing a residential plot plus a construction loan to build your home. A single loan covers both stages, simplifying your homeownership journey.

Nationwide access

Aditya Birla Capital has a wide network of locations in India, which makes accessing the loan easier. Whether you want a loan to buy or build in a metro or a smaller city, financing is available through more than 175 locations nationwide.

No Prepayment Charges

Repay your loan before the end of the tenure, with no prepayment charges if you choose floating-rate loans. This can help reduce your interest burden and close your loan sooner.

Easy Eligibility Criteria

The loan comes with simple eligibility requirements to streamline the application process. You can use the home loan eligibility calculator to check whether you qualify for the loan. If you meet the lender's criteria, you can apply with the required documents for faster assessment.

Convenient Disbursal

Enjoy a hassle-free disbursal process designed to support your plot purchase and construction needs. Funds are released in accordance with the lender's disbursal policy and project requirements.

Balance Transfer

Transfer your existing plot or home construction loan from another lender to benefit from competitive interest rates and improved repayment terms. This can help lower your EMI or overall borrowing cost, subject to eligibility.

Who Can Apply For Plot and Home Loan?

Every responsible person is beholden to buy insurance for himself and hisfamily in today's uncertain times.

Salaried

Self-Employed Professional

Self-employed Non-Professional

How to Apply for a Plot and Home Construction Loan?

STEP

Check your eligibility for the Plot and Home Construction Loan

STEP

Calculate your need and the EMI you can afford conveniently

STEP

Gather the required documents

STEP

Read the loan terms and conditions

STEP

Apply for the Plot and Home Construction Loan

Plot and Home Construction Loan Interest Rates

The interest rates vary depending on the type of loan selected. Refer to the tables below to check the interest rate for your plot loan.

For Salaried/SEP

Loan Type	Interest
For Salaried/SEP	7.75% - 15.75% p.a.

For Self Employed Non Professional

Loan Type	Interest
For Self-Employed Non-Professional	8.25% - 16.25% p.a.

Eligibility Criteria for Plot and Home Construction Loan

Before opting for a Plot and Home Construction loan, ensure you qualify by checking your eligibility here.

Eligibility criteria

NationalityIndian citizen
Minimum age for applying21 years
Maximum age at loan maturity60 years for Salaried & 70 years for Self-employed
Good credit historyA CIBIL Score of 700 or higher is ideal
EmploymentSalaried or self-employed

Note - This is an indicative list that may change based on your actual loan application.

Upto 30 Lakhs

30 Lakhs to 75 Lakhs

More than 75 Lakhs

90%

80%

75%

Disclaimer - All loans will be at the sole discretion of ABHFL.

Plot and Home Construction Loan Fees and Charges

TRANSACTIONS	CHARGES
Loan Processing/Administration Fee	Home Loans : Up-To 1% Of The Loan Amount Other Loans : Up-To 2% Of The Loan Amount
Part Payment/Pre-Closure Charges:	• Floating rate loans given to individuals, where all applicants and co-applicants are individuals: Nil • Home Loans (other than floating rate Home Loans to individuals): 2% of principal outstanding
Other Charges: Default Penal Interest Rate / Non Conformance With Any Covenants / Stipulated Conditions	24% P.A. I.E. 2% Per Month

TRANSACTIONS	CHARGES
NACH Failure Charges	₹750/- per instance
Accrued Interest	As applicable based on actual delayed status or as communicated by the lender from time to time
CERSAI Charges	when the facility amount is equal to ₹5 lakh or lesser – ₹50 per property When the facility amount is greater than ₹5 Lakh – ₹100 per property
Pre-closure Quotes	₹1,000/- per instance
Request for Any Copies of Any Collateral	₹750/- per instance
Duplicate Statement/Repayment Schedule	₹200/- per instance

TRANSACTIONS	CHARGES
Stamp Duty, Legal and other Statutory Charges, Insurance Premium, Creation Charges with ROC	As per actual, where applicable

TRANSACTIONS	CHARGES
Cheque Return Charges	₹750/- per instance
CIBIL Report Retrieval Fee	•₹50/- per instance for Consumer and • ₹500/- for Commercial CIBIL
Loan Re-Schedulement (at the discretion of ABHFL) Charges	0.50%
NOC Issuance Charges	₹500/-
Cancellation Charges (if any)	4.00% of the loan amount disbursed
Swap Charges (Fixed or semi-fixed rate to floating and vice-versa)	2% of the loan outstanding
Fees and Other Charges	Applicable GST @ 18% will be levied

Disclaimer: The above charges constitute the rack rate for all customers. Actual charges for any customer, if different, will be as communicated at the time of loan sanction and disbursal and will be subject to changes from time to time.

Plot and Home Construction Loan Documents

Proof of Identity and Address

Passport/ Aadhaar Card/ Voter's ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)

Proof of Income

Salary slip for the last 3 months showing all deductions and Form 16

Bank statement showing salary

Latest 6 months

Proof of Other Income:

Rental receipts or documents showing receipt of income

Property Documents:

Copy of Title documents and approved sanction plan

Proof of Identity and Address

Passport/ Aadhaar Card/ Voter's ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)

Proof of Income

IT Returns or financial documents for the last 2 years and computation of income certified by a CA for the last 2 years

Bank statement where income is credited

Latest 6 months

Proof of Other Income:

Rental receipts or documents showing receipt of income

Property Documents:

Copy of Title documents and approved sanction plan

ABC Of Calculators

VIEW ALL CALCULATORS

HOME LOAN AMOUNT

Tenure (1 to 30 Years)

Rate of Interest (7 to 25%)

I CAN PAY EMI OF

Tenure (1 to 30 Years)

Rate of Interest (7 to 25%)

Your estimated EMI amount

₹ 0

Total Interest

₹ 0

Total Payout

₹ 0

Apply Now

Salaried
Self Employed

CURRENT AGE

MONTHLY INCOME

YOUR CURRENT MONTHLY OBLIGATIONS

You are eligible for a loan of

₹ 0*

For a tenure of0 years

EMI @ 9% Interest Rate

₹ 0*

Apply Now

Customer Satisfaction Stories

Mr. Mohammad Moosa Azmi

Aditya Birla Housing Finance Customer

Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.

Mr. B. Narsimulu

Aditya Birla Housing Finance Customer

Hyderabad, India

Mr. Kiran Narhari Deshmukh

Aditya Birla Housing Finance Customer

I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.

Mr. Vikram Balu Gavali

Aditya Birla Housing Finance Customer

Belapur, India

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FAQs on Plot and Home Construction Loan

A plot and construction loan serves the dual purpose of financing both the acquisition of a plot and the subsequent construction of a dwelling.

Yes! The loan is versatile and applicable not only for building a house but also for renovation and expansion projects.

The plot and construction loan offers a maximum repayment period of 20 years, providing flexibility for borrowers to choose a tenure that suits their financial preferences.

Yes, eligibility criteria may include factors such as age, income, work experience, and credit history. Lenders will assess these to determine your suitability for the loan.

Yes, the plot and home construction loan can be used for both, the construction of a new house and renovation and expansion projects on an existing property.