3 Replies to “Are home loans given for buying plots? If Yes please suggest which bank gives the best offer?”


  1. YES HOME LOANS ARE GIVEN TO PURCHASE PLOT.BUT PLOT MUST BE APPROVED .IF IT IS AUTHORITY PLOT THEN GO AHEAD,OTHERWISE IT MUST BE APPROVED BY AUTHORITY.60% PLOT VAULE IS FUNDED BY BANK.THERE ARE MANY BANKS THOSE FUNDS PLOTS LIKE HDFC IS MAJOR PLAYER IN FUNDING PLOTS.


  2. For purchase of plot alone, banks are not giving loan. If you buy plot and likely to construct a home within specific period, you can get part loan for purchase of plot. But within the stipulated period, the construction is to be completed by availing the balance loan.





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