Plot Loan Interest rate

Own the land, shape your dream home

  • Quick sanction
  • Long loan tenure
  • Start rate of 9.19%
  • Loan-to-value up to 80%

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What is a Plot Loan Interest Rate?

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A Plot Loan interest rate is the rate of interest charged by a lender on a loan taken to purchase a residential plot of land. It determines the cost of borrowing and directly affects your monthly EMIs and total repayment amount.

At Godrej Housing Finance, we offer Plot Loan interest rates starting from 9.19% p.a., along with flexible repayment options and tailored financial solutions to help you secure the land and build the home of your dreams.

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Types of Plot Loan Interest Rates

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Knowing the different types of interest rates can help you choose better.
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1. Fixed Interest Rate

The rate stays the same for the full loan period. Your EMIs will not change, which makes planning your budget easier.

2. Floating Interest Rate

The rate can go up or down based on the market. Your EMIs may change, but you might save money if rates drop.

3. Hybrid Interest Rate

A hybrid rate combines the features of both fixed and floating rates. It typically starts with a fixed rate for an initial period before switching to a floating rate.

Plot Loan Interest Rate at Godrej Capital

At Godrej Capital, you may obtain Plot Loans at attractive interest rates.

Employment Category (Per Annum onwards)
Indian Resident Salaried 9.19%
Non-Resident Indian Salaried 9.19%
Business Self-Employed 9.19%
Professional Self-Employed 9.19%
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Factors Affecting Plot Loan Interest Rates

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Several key factors influence the interest rate you are offered:
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1. Credit Score

If your credit score is above 700, it shows you handle money well. This can help you get a lower interest rate.

2. Location and Type of Plot

Plots in approved or growing areas usually get lower rates. But land that is agricultural, disputed, or not approved can lead to higher rates or even loan rejection.

3. Loan Amount and Tenure

If you borrow a large amount or choose a long repayment period, the interest rate might be higher because it is riskier for the lender.

4. Lender Policies

Different lenders have their own rules, base rates, and offers. These affect the final interest rate you get.

5. EMI Payment Ability

If you have a steady income and can show you can repay the loan, you are more likely to get a better rate.

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Plot Loan Calculators

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Home Loan

Plot Loan

Property Loan

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Frequently Asked Questions

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Frequenty Asked Questions
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Plot Loan Interest Rate
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/about-us/blogs/home-loan/how-plot-loan-is-different-from-home-loan

/about-us/blogs/home-loan/everything-you-need-to-know-about-plot-loans

/about-us/blogs/home-loan/a-step-by-step-guide-on-home-loan-disbursal-process

/about-us/blogs/home-loan/eblr-explained-impact-on-your-home-loan-interest-rates

/about-us/blogs/home-loan/home-loan-interest-deduction-under-section-24

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Connect with Our Customer Support Team

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ⓘ Need more information or answers to your questions in the meantime? Check out FAQs
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