Buying land to build on
Buy the plot now, build when you are ready.
A plot loan funds the purchase of residential land in an approved layout. It is not a home loan and the terms are noticeably tighter — less funding, shorter tenure, and no tax relief until you actually build. Worth knowing before you compare the rates.
- Interest range p.a.
- [7%–11%] Interest range p.a.
- Of plot value
- up to 75% Of plot value
- Maximum tenure
- 15 years Maximum tenure
Why through JSR
What you get
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Secure the plot before prices move
Buy the land now on a loan and build when your cash flow allows.
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Composite loan option
Several lenders will fund the plot and the construction together, which gives you home loan terms and the tax relief with it.
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Approved layouts only
HMDA or DTCP approved, within municipal limits. We check the layout status before you pay an advance.
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Convert later
Once you build, the loan can usually be converted or refinanced onto home loan terms.
At a glance
Open Plot Purchase Loan details
- Loan amount
- Based on the lender's valuationRegistration value and market value often differ — the lower one usually governs
- Funding
- Up to 70%–75% of plot valueLower than a home loan, so you need a bigger down payment
- Tenure
- Up to 15 yearsShorter than a home loan, so the EMI is higher for the same amount
- Eligible land
- Residential plots in approved layoutsWithin municipal or corporation limits
- Not eligible
- Agricultural landAlso gram panchayat layouts at most lenders, and plots with unclear conversion
- Processing fee
- [0.5%–1%]Varies by lender
- Tax deduction
- None on a plot loan aloneRelief begins only once construction is complete and the loan becomes a home loan
Is this you?
Who this suits
- The plot is residential, in an HMDA or DTCP approved layout
- It sits within municipal or corporation limits
- Title is clear and the layout release order is in place
- You can fund 25% to 30% of the value yourself
Documents
What you will need
About the plot
- Sale agreement and prior title chain
- Layout approval and release order
- Encumbrance certificate
- Land conversion order, where the land was previously agricultural
- Latest property tax or land revenue receipt
About you
- PAN, Aadhaar and photographs
- Salaried: 3 months' payslips, Form 16
- Self-employed: 2 to 3 years' ITR
- 6 months' bank statements
We tell you which of these your lender actually wants before you gather anything.
Plan your EMI
What would it cost a month?
Move the sliders for an indicative EMI. Your actual rate depends on the lender, the property and your credit profile — this is a starting point, not a quotation.
EMI Calculator
Instant estimateYour monthly EMI
₹0
- Total interest
- ₹0
- Total payable
- ₹0
Indicative only. Your actual EMI depends on the lender, loan amount and credit profile.