HDFC Plot Loan
HDFC Bank Plot Loans finance land purchase, with interest rates from 7.75% p.a. to 13.20% p.a. and funding up to 80% of the property cost.
Processing fees range from 0.50% to 1.50% of the loan amount, with repayment tenure of up to 15 years for salaried and self-employed applicants.
HDFC plot loans for self-employed individuals
Salient Features
- Self-employed individuals can apply for this loan if he/she is looking to:
- Purchase a plot that is being resold
- Purchase a plot through direct allotment in a housing society or a developer project
- Transfer his/her outstanding loan amount availed from another financial institution
- Borrowers are offered customised repayment choices based on the loan amount, loan tenure, and interest rates provided by the bank.
- Attractive interest rates offered on the plot loans to make it affordable for the applicants.
- No hidden costs charged on the loan.
- HDFC Bank also finances construction on a freehold or leasehold plot, or on a plot allotted by a Development Authority.
Who can apply HDFC plot loans self-employed?
Individuals can apply for this loan individually or collectively. Co-applicants for plot loans must be the plot's potential owners. Co-applicants are typically family members who do not need to be co-owners of the property.
HDFC Bank Plot Loan eligibility at a glance:
Factor | Criteria |
Age | 18 to 70 years |
Profession | Salaried or self-employed |
Nationality | Resident Indian |
Tenure | Up to 15 years |
HDFC Bank classifies self-employed applicants as professionals or non-professionals, which decides the interest rate, processing fee and documents that apply to their Plot Loan:
Self-Employed Professional | Self-Employed Non-Professional |
Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary, etc. | Trader, Commission Agent, Contractor, etc. |
Loan term
- The maximum tenure up to which one can distribute his payments for his/her loan is 15 years.
- The loan term depends on the repayment scheme the applicant has opted for.
- The customer’s profile, age of the plot at the time of loan maturity, age of the customer at the time of loan maturity also plays a role in deciding the loan term.
Maximum loan amount
Loan Amount | Maximum Funding |
Up to Rs.30 lakh | 80% of the property price* |
Rs.30.01 lakh to Rs.75 lakh | 80% of the property price* |
Over Rs.75 lakh | 75% of the property price* |
*The maximum funding of the loan can be restricted to 70% of the property cost, if the property is situated outside city limits.
Type of plot loans self-employed:
Adjustable Rate Loan - The adjustable-rate plot loan is benchmarked to the Reserve Bank of India's Policy Repo Rate. The loan's interest rate is reset periodically in line with changes to the Policy Repo Rate, taking the date of the first disbursement into consideration. A rise in the interest rate will raise the EMI's interest component, reducing the principal component. This will prolong the loan period, and vice versa if the interest rate falls.
HDFC Plot Loan Interest Rates For self-employed professionals
- Adjustable Home Rate Loan HDFC Bank Plot Loans for self-employed professionals are priced on the Policy Repo Rate plus a credit spread.
Current interest rate, verified against HDFC Bank's official website (September 2026):
Loan Slab | Interest Rates (% p.a.) |
For all plot loans* | 7.75 to 13.20 |
Note: The interest rates are effective from 21 September 2026.
*The interest rates are applicable only for loans under the Adjustable-Rate Home Loan Scheme of HDFC Bank and can be revised at the time of disbursement.
HDFC plot loan interest rates for self-employed non-professionals
Adjustable-Rate Home Loan
HDFC Bank Plot Loans for self-employed non-professionals are priced on the Policy Repo Rate plus a credit spread.
Current interest rate, verified against HDFC Bank's official website (September 2026):
Loan Slab | Interest Rates (% p.a.) |
For all plot loans* | 7.75 to 13.20 |
Note: The interest rates are effective from 21 September 2026.
HDFC plot loan documents required for self-employed
Here are the documents you will have to submit for all the applicants and co-applicants along with the signed application form for the approval of your loan:
Purpose | Documents |
Proof of identity and residence (Any 1) | Voter ID CardValid Driving LicenceAadhaar CardValid Passport |
Proof of income | Income Tax Returns (ITR), coupled with income computations for at least the last two assessment years.Individual savings account statements and the business entity's current account statements over the previous twelve months. Balance sheet and profit and loss statements, including schedules and annexures (Documents of both the individual and the business entity should be attested by attested by a CA for points 2 and 3) |
Other documents | Memorandum and Articles of Association for the company. If the business is a partnership, the partnership deed is required. Details of an individual's and a corporate entity's outgoing loans, including the outstanding amount, payments, security, purpose, loan period, and balance. Cheque for processing fee payable to HDFC Bank. The applicants/co-applicants must sign the application form and provide a passport-sized photograph. |
Property related documents | Allotment letter/ buyer agreement copyTitle deeds in case of a resale with previous property documents |
HDFC plot loan fees and charges for self-employed
- Processing fees:
- For self-employed professionals: up to 0.50% of the loan amount, or Rs.4,000 of the loan amount whichever is higher, and other additional applicable taxes.
- For self-employed non-professionals: up to 1.50% of the loan amount, or Rs.5,000 of the loan amount whichever is higher, and other additional applicable taxes.
- Prepayment charges:
Adjustable Rate Home Loans (ARHL) | Adjustable-Rate Loans (ARHL): Individual borrowers' loans will not be subject to prepayment penalty for full or partial payments. For loans made to individual borrowers with a firm, company, or other co-applicant. Prepayment charges of 2% plus any relevant taxes are payable on the amount prepaid. The customer must present documents that HDFC deems appropriate to establish the source of money at the time of loan prepayment. |
Fixed Rate Home Loans (FRHL) | Fixed Rate Loans (FRHL) - No prepayment charges will be applicable for part/full payments made from own sources, that is, sources other than a bank, NBFC, HFC, or financial institutions. The user should supply any documents that HDFC deems appropriate for determining the source of funds. Prepayment rates will be 2% plus taxes, statutory levies, and charges on the outstanding amounts prepaid through any financial institution or bank and will apply to both full and partial prepayments. |
Fixed and Variable Rate Loans (Combination rate) | Fixed and Variable Rate Loans (Combination rate) During the Fixed Rate period: The prepayment charges will be 2%, plus relevant taxes, statutory charges, and levies on the outstanding amount prepaid through refinance from financial institutions or any banks, and will apply to all partial/full prepayments. The customer must present documents approved by HDFC Bank to confirm the source of cash at the time of loan prepayment. During the Variable Rate Period, no prepayment charges will apply for full or partial prepayments of loans sanctioned to individual borrowers. For loans made to individual borrowers with a firm, company, or other co-applicant. Prepayment charges of 2% of the amount being prepaid cards, plus any relevant taxes and statutory charges, are due. The prepayment charges specified will be applied on the date the loan agreement is executed. However, the prices are subject to change based on HDFC Bank's current policy. Current prepayment charges are available on HDFC Bank's official website. |
- Conversion fees:
HDFC bank offers its existing customers the privilege of conversion facility to bring down applicable interest rates on the loan by switching between schemes. One can utilise this facility by paying a fee and choose to either reduce the loan tenure or the EMI. Here are the options of conversions available for the existing HDFC Bank customers:
Service | Amount |
Switch to a lower rate in Variable Rate Loans (Home Loan, Home Loan Top-Up and Plot Equity Loan) | Up to 0.50% of the principal outstanding and undisbursed amount, or Rs.3,000 (whichever is lower) for the first conversion; Rs.2,000 (whichever is lower) for subsequent conversions, plus applicable taxes |
Switch from a Combination or Fixed Rate Home Loan to a Variable Rate Loan | Up to 1.50% of the principal outstanding, plus applicable taxes |
4. Cheque dishonour charges: Rs.450 (conditions apply)
5. Fees on account of external opinion: External opinions can be obtained from technical valuers or advocates, and costs can be paid directly to the appropriate individual based on the type of service provided.
6. Property insurance: The customer should regularly pay the premium amounts directly to the insurance provider to keep the policy active during the loan tenure.
7. Incidental charges: Incidental charges and expenses are levied to compensate for any charges, costs, or other expenses incurred in recovering dues from a defaulting customer.
8. Statutory/regulatory charges -All stamp duty/MOD/MOE/Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) charges would be completely the responsibility of the customer. For more information on such charges, see www.cersai.org.in.
9. List of documents: Up to Rs.500
10. Photocopy of documents: Up to Rs.500
11. Re-appraisal of loan after 6 months from sanction: up to Rs.3,300 for salaried/self-employed professionals, and up to Rs.5,000 for self-employed non-professionals
HDFC plot loans for salaried individuals
Salient Features
- Salaried individuals can apply for this loan if he/she is looking to:
- Purchase a plot that is being resold
- Purchase a plot through direct allotment in a housing society or a developer project
- Transfer his/her outstanding loan amount availed from another financial institution
- Customised repayment options offered to the borrower depending on the loan amount, loan tenure and interest rates provided by the bank.
- Attractive interest rates offered on the plot loans to make it affordable for the applicants.
- No hidden costs charged on the loan.
Who can apply HDFC plot loans for salaried individuals?
The loan can be used either individually or collectively. Co-applicants for plot loans must be the plot's potential owners. Co-applicants are typically family members who do not need to be co-owners of the property.
Loan term
- The maximum tenure up to which one can distribute his payments for his/her loan is 15 years.
- The loan term depends on the repayment scheme the applicant has opted for.
- The customer’s profile, age of the plot at the time of loan maturity, age of the customer at the time of loan maturity also play a role in deciding the loan term.
Maximum loan amount
Loan Amount | Maximum Funding |
Up to Rs.30 lakh | 80% of the property price* |
Rs.30.01 lakh to Rs.75 lakh | 80% of the property price* |
Over Rs.75 lakh | 75% of the property price* |
*The maximum funding of the loan can be restricted to 70% of the property cost, if the property is situated outside city limits.
Type of plot loans for salaried individuals:
Adjustable Rate Loan -The adjustable-rate plot loan is benchmarked to the Reserve Bank of India's Policy Repo Rate. The loan's interest rate is eset periodically in line with changes to the Policy Repo Rate, taking the date of the first disbursement into consideration. A rise in the interest rate will raise the EMI's interest component, reducing the principal component. This will lengthen the loan period, and vice versa in circumstances where the interest rate falls.
HDFC plot loan interest rates for salaried individuals
- Adjustable Home Rate Loan HDFC Bank Plot Loans for salaried individuals are priced on the Policy Repo Rate plus a credit spread.
Current interest rate, verified against HDFC Bank's official website (September 2026):
Loan Slab | Interest Rates (% p.a.) |
For all plot loans* | 7.75 to 13.20 |
Note: The interest rates are effective from 21 September 2026.
- *The interest rates are applicable only for loans under the Adjustable Rate Home Loan Scheme of HDFC and can be revised at the time of disbursement.
- TruFixed Loan - 2 Year Fixed Rate Variant HDFC Bank's official Plot Loan page does not list a separate TruFixed rate card for this product; see the note below.
HDFC plot loan documents required for salaried individuals
Here are the documents you will have to submit for all applicants and co-applicants along with the signed application form for the approval of your loan:
Purpose | Documents |
Proof of identity and residence (Any 1) | Voter ID CardValid Driving LicenceAadhaar CardValid Passport |
Proof of income | Latest Form 16 and Income Tax ReturnsLast six months’ bank statements, showing salary creditsLast three months’ salary slips |
Other documents | Own contribution proofLast six months’ bank statements showing repayment of any ongoing loans.Employment contract/appointment letter in case current employment is less than a year old. Cheque for processing fee favouring HDFC Bank. Passport size photograph of all the co-applicants/applicants to be affixed on the application form and signed across |
Property related documents | Allotment letter/ buyer agreement copyTitle deeds in case of a resale with the previous chain of the property documents |
HDFC plot loan fees and charges for salaried individuals
Given below is the list of fees/charges/other outgoings that can be payable depending on the type of loan applied for.
- Processing fees: For salaried individuals, up to 0.50% of the loan amount, or Rs.4,000, whichever is higher, plus other applicable taxes.
- Prepayment charges:
Adjustable Rate Home Loans (ARHL) | Adjustable-Rate Loans (ARHL): Individual borrowers' loans will not be subject to prepayment penalty for full or partial payments.For loans made to individual borrowers with a firm, company, or other co-applicant. Prepayment charges of 2% plus any relevant taxes are payable on the amount prepaid.The customer will be required to present documents that HDFC deems appropriate to establish the source of money at the time of loan prepayment. |
Fixed Rate Home Loans (FRHL) | Fixed Rate Loans (FRHL)No prepayment charges will be applicable for part/full payments made from own sources i.e., sources other a bank/NBFC/HFC or financial institutionsThe customer should submit documents that HDFC sees fit and proper to determine the source of funds.Prepayment charges will be 2% plus taxes and statutory levies and charges of the outstanding amounts being so prepaid through any financial institution or any bank and will be applied to all full/ partial prepayments. |
Fixed and Variable Rate Loans (Combination rate) | Fixed and Variable Rate Loans (Combination rate)During the Fixed Rate period:The prepayment charges will be 2%, plus applicable taxes and statutory charges and levies of the outstanding amount being so prepaid through refinance from financial institutions or any banks and will be applicable to all partial/full prepayments.The customer must submit documents that HDFC Bank approves to confirm the source of funds at the time of prepayment of the loan.During Variable Rate period:No prepayment charges will be applicable on account of full/partial prepayments for loan sanctioned to individual borrowers.For loans sanctioned to individual borrowers with firm, company, etc. as a co-applicants. Prepayment charges at 2% plus taxes and statutory charges, as may be applicable from time to time, of the amount being prepaid are payable.The prepayment charges mentioned will be applicable from the date of execution of the loan agreement. However, the charged are subject to change from time to time depending on the prevailing policies of HDFC Bank. Current prepayment charges are available on HDFC Bank's official website. |
3. Conversion fees - HDFC Bank provides its existing customers with the conversion facility, which allows them to reduce the applicable interest rates on their loans by switching between schemes. This facility can be used by paying a fee and choosing to reduce either the loan tenure or the EMI. Here are the conversion possibilities available to existing HDFC Bank customers:
Service | Amount |
Switch to a lower rate in Variable Rate Loans (Home Loan, Home Loan Top-Up and Plot Equity Loan) | Up to 0.50% of the principal outstanding and undisbursed amount, or Rs.3,000 (whichever is lower) for the first conversion; Rs.2,000 (whichever is lower) for subsequent conversions, plus applicable taxes |
Switch from a Combination or Fixed Rate Home Loan to a Variable Rate Loan | Up to 1.50% of the principal outstanding, plus applicable taxes |
4. Cheque dishonour charges: Rs.450 (conditions apply)
5. Fees on account of external opinion: The external opinion can be either from technical valuers or advocates and the fees can be paid directly to the concerned person depending on the kind of assistance rendered.
6. Property insurance: The customer should regularly pay the premium amounts directly to the insurance provider to keep the policy active during the loan tenure.
7. Charges on account of delayed payments: The customer is liable to pay additional interests up to 24% p.a in case the payment of interest or EMI has been delayed.
8. Incidental charges: Incidental charges and expenses are imposed to cover for the charges, cost and other expenses that may have been utilised to recover dues from a defaulting customer.
9. Statutory/regulatory charges: The customer will be solely responsible for all charges applicable on stamp duty/MOD/MOE/Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI). One can refer to www.cersai.org.in for all such charges.
10. List of documents: Up to Rs.500
11. Photocopy of documents: Up to Rs.500
15. Re-appraisal of loan after 6 months from sanction: up to Rs.3,300 for salaried/self-employed professionals, and up to Rs.5,000 for self-employed non-professionals.
FAQs on HDFC Plot Loan
1.What is an HDFC Bank Plot Loan?
An HDFC Bank Plot Loan is a loan that helps salaried and self-employed individuals buy a residential plot, whether it is a resale plot or one allotted directly by a housing society or developer. It can also be used to transfer an existing plot loan from another lender to HDFC Bank.
2.Who is eligible for an HDFC Bank Plot Loan?
Resident Indian individuals between 18 and 70 years of age, whether salaried or self-employed, can apply for an HDFC Bank Plot Loan. HDFC Bank also assesses income, repayment capacity, qualifications, dependents, assets, liabilities, savings history, and job or profession stability before approving the loan.
3.Can both salaried and self-employed individuals apply for an HDFC Bank Plot Loan?
Yes, HDFC Bank offers Plot Loans to both salaried and self-employed applicants. Self-employed applicants are further classified as professionals or non-professionals, which decides the documents and fees that apply to their loan.
4.What is the difference between a self-employed professional and a self-employed non-professional for an HDFC Bank Plot Loan?
A self-employed professional is typically a doctor, lawyer, chartered accountant, architect, consultant, engineer, or company secretary, while a self-employed non-professional includes traders, commission agents, and contractors. HDFC Bank applies separate processing fee slabs to each category.
5.Can I add a co-applicant to my HDFC Bank Plot Loan?
Yes, an HDFC Bank Plot Loan can be taken individually or jointly with a co-applicant. Co-applicants must be among the plot's potential owners, and they are usually close family members who are not required to be co-owners of the property.
6.What is the maximum tenure of an HDFC Bank Plot Loan?
An HDFC Bank Plot Loan can be repaid over a maximum tenure of 15 years. The actual tenure offered depends on the repayment scheme chosen, the applicant's age at loan maturity, and the age of the plot at loan maturity.
7.How much funding can I get on an HDFC Bank Plot Loan?
HDFC Bank funds a large majority of the plot's price on a Plot Loan, with the exact percentage depending on the loan amount and whether the plot is within city limits. The applicable funding percentage for each loan slab is listed in the maximum loan amount table above.
8.Does an HDFC Bank Plot Loan also cover construction on the plot?
Yes, besides financing the purchase of a plot, HDFC Bank also finances construction on a freehold or leasehold plot, or on a plot allotted by a Development Authority.
9.Can I buy a resale plot with an HDFC Bank Plot Loan?
Yes, an HDFC Bank Plot Loan can be used to purchase a resale plot as well as a plot allotted directly by a housing society or developer project. Resale purchases require the title deeds and the previous chain of property documents.
10.Can I transfer my existing plot loan to HDFC Bank?
Yes, HDFC Bank allows you to transfer an outstanding plot loan availed from another financial institution. The same eligibility and documentation requirements that apply to a fresh HDFC Bank Plot Loan apply to a transferred loan.
11.What documents are required for an HDFC Bank Plot Loan?
An HDFC Bank Plot Loan application needs proof of identity and address, proof of income such as salary slips or income tax returns, property documents like the allotment letter or title deeds, and a signed application form with a passport-sized photograph. The exact income documents required differ for salaried and self-employed applicants.
12. Is a processing fee charged on an HDFC Bank Plot Loan?
Yes, HDFC Bank charges a processing fee on every Plot Loan, calculated as a percentage of the loan amount subject to a minimum rupee amount, plus applicable taxes. The exact fee differs by applicant category and is listed in the fees and charges section above.
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