A Plot Cum Construction Loan is a specialized loan product designed for individuals who wish to purchase a residential plot and construct a house on it within a specified time frame. Instead of taking separate loans for buying land and building a home, this loan conveniently combines both into a single financial solution — offering better interest rates, simplified documentation, and streamlined disbursal.

Key Features of Plot Cum Construction Loan

✅ Single Loan for Two Purposes

Covers both land purchase and construction under one loan — making it easier to manage and reducing paperwork.

✅ Structured Disbursement

Loan is disbursed in phases:

1. For plot purchase

2. In stages, as the construction progresses

✅ Competitive Interest Rates

Lower interest rates compared to standalone land loans, since construction is a key part of the loan.

✅ Tax Benefits

Eligible for tax deductions under Section 80C (principal repayment) and Section 24(b) (interest on home loan), once construction is completed.

✅ Longer Tenure & High Loan Amount

Loan tenure of up to 30 years with financing of up to 80–90% of the combined value (based on eligibility and lender policy).

Eligibility Criteria

• Applicant should be a salaried, self-employed, or professional individual

• Must have a stable income source and good credit history

• Construction must typically begin within 12–24 months of plot purchase

• Property must fall within approved municipal or development authority zones

Documents Required

• Identity and address proof

• Income documents (ITR, salary slips, bank statements)

• Sale agreement for the plot

• Construction plan approved by a local authority

• Cost estimate from a registered civil engineer or architect

Benefits of Plot Cum Construction Loan

• Convenience: One loan, one EMI, one set of documents

• Cost-Effective: Better than taking separate loans for land and construction

• Tax Savings: Eligible for both interest and principal repayment deductions

• Controlled Disbursal: Ensures funds are used for actual construction only

Why Choose Us?

• Quick processing with expert assistance

• Tailored eligibility assessment

• Assistance with legal verification and property documentation

• Flexible repayment options with part-prepayment facility

Build your dream home from the ground up — starting with the right financing.