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plot loan

The term "plot loan" refers to a loan given by banks to borrowers in order to purchase a piece of land. Equated Monthly Instalments (EMI), which are paid back over a set period of time. <br>The ability to approve plot loans online<br>swift approval and low EMI<br>streamlined documentation<br>One of the lowest interest rates available<br>Direct purchase of a plot from a housing society or real estate development authority<br>Buying a plot through a resale directly from the lender or through agents<br>The limited supply of land makes it a wise investment that yields higher returns upon resale.<br>Enables the buyer to b

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plot loan

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  1. What is plot loan?  The term "plot loan" refers to a loan given by banks to borrowers in order to purchase a piece of land. Equated Monthly Instalments (EMI), which are paid back over a set period of time.

  2. Plot loan characteristics  The ability to approve plot loans online  swift approval and low EMI  streamlined documentation  One of the lowest interest rates available

  3. Types of plot loans  Direct purchase of a plot from a housing society or real estate development authority  Buying a plot through a resale directly from the lender or through agents

  4. Advantages of plot loan  The limited supply of land makes it a wise investment that yields higher returns upon resale.  Enables the buyer to begin building their own home in accordance with their specifications

  5. Features of plot Loan  Low Interest Rates  Low Processing Fee  No Pre-Payment Penalty  No Hidden Charges  Interest on Daily Reducing Balance

  6. Credit Score  When making lending decisions for any loan, including your land loan, banks and other lenders take into account a credit score as an important factor.

  7. EMI Payment Methods  Standing Instruction (SI)  Electronic Clearing Service (ECS)  Post-Dated Cheques (PDCs)

  8. Plot Loan Eligibility  AGE- 21 to 65 years old  PROFESSION Paid/Self- Employed  NATIONALITY Indian resident  GENDER-All Genders

  9. Plot Loan Documentation  Aadhaar card  PAN card  Valid Passport  Voter ID card  Driving license  Utility Bill.  Ration card

  10. To know more loans: Home loans Top-up loans Home improvement loans plot loans takeover loans Home Extension loan 11

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