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Plot Purchase Loan

Found the perfect plot? Now, get the right loan with just one call!

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    Tailored Loan Solutions
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    Tenure of up to 30 years
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    Loan Amount from ₹2 lakh to ₹75* lakh
Express Application

Loan Amount required

1 Lac
1 Lac 1 Cr.

At an interest rate of

1%
1 20

For a duration of years

1 Year
1 25
Monthly EMI
₹ 8,379
Total Interest
₹ 542
Total Payment
₹ 1,00,542
Apply Now

Gross Income (Monthly)

50000
50,000 75,00,000

Tenure (Years)

1
1 20

Interest Rate of (% P.A.)

1
1 25

Other EMIs (Monthly)

1000
1000 100000
Your Home Loan Eligibility
₹ 3,21,637
Your Home Loan EMI will be
₹ 26,950/Monthly
Apply Now
About Plot Purchase Loan

Looking to buy land or build your dream home? DMI Housing Finance makes it easy with plot loans starting at 9.5% interest, available in amounts from Rs.2 lakh to Rs.75 lakh, for purchasing and building on a plot. Our Plot Purchase Loan comes with a tenure of up to 30 years to make the repayment as convenient as possible. With digital access and branches across India, we’re here to help.

Quick Disbursal
Quick
Disbursal
Quick Disbursal
No-Hidden
Charges
Quick Disbursal
Less
Documentation
Quick Disbursal
Attractive
Interest Rate
Quick Disbursal
No-Hidden
Charges
Why Choose DMI Housing Finance for Plot Loans?

Eligibility Criteria
Personalized Loan Solutions: We tailor loans to fit your needs.
Credit for Construction: DMI Housing Finance not only helps you buy a plot, but we also provide credit to build your dream home or commercial infrastructure on it, as you need.
Hassle-Free Application Process: There is no need for repeated branch visits. Our agents will come to you to collect the necessary documents, making the process smooth and convenient.
Low-Income Requirement: Earn Rs.10,000 per month? You are eligible!
Maximum Loan Amount: Providing the highest loan amount possible, based on a maximum Loan-to-Value (LTV) ratio as allowed by regulations, to maximize the loan amount based on your property's value.
Eligibility Criteria for DMI Housing Finance Plot Loan?

We believe everyone deserves a chance, regardless of their employment type or tax filing status. That’s why we offer flexible eligibility criteria for different individuals.

Eligibility for Bank-Salaried Individuals

Age: 21 to 65 years

Eligible Employment Types: Private, Government, MNC, and contractual employees

Minimum Monthly Income: Rs. 10,000

Loan Tenure: Up to 30 years

Eligibility for Cash-Salaried Individuals

Age: 21 to 65 years

Loan Amount: Up to Rs. 15 lakh

Minimum Monthly Income: Rs. 10,000 onwards

Loan Tenure: Up to 30 years

Eligibility for Formal Self-Employed Individuals

Age: 21 to 75 years

Eligible Applicants: Business professionals and non-professional individuals file ITR.

Minimum Monthly Income: Rs. 10,000

Loan Tenure: Up to 30 years

Eligibility Based On: GST Turnover

Eligibility for Informal Self-Employed Individuals

Age: 21 to 75 years

Eligible Applicants: Business professionals and non-professionals do not file ITR.

Minimum Monthly Income: Rs. 10,000

Loan Tenure: Up to 30 years

Eligibility Based On: Banking churning and average daily bank balance

An applicant needs the below documents to apply for a plot loan.

  • Valid Passport
  • Voter ID
  • Aadhaar Card
  • Pan Card
  • Valid Driving License

  • Valid Passport
  • Voter ID
  • Aadhaar Card
  • Pan Card
  • Valid Driving License

  • Valid Passport
  • Voter ID
  • Aadhaar Card
  • Pan Card
  • Valid Driving License
  • Latest Electricity Bill
  • Latest Utility Bills: Telephone Bill (MTNL/BSNL/Non-Private Service Provider), Water Bill, Property Tax Receipt

  • Salary Slips for the last 3 months
  • Bank Statements for the last 6 months
  • Form – 16

  • Salary Certificate for the last 3 months

  • Latest 2-year Income Tax Return (ITR) with income computation
  • Udhyam Aadhar/Business Registration

  • Udhyam Aadhar/Business Registration
  • No ITR required

  • Title Deeds of the Plot
  • Proof of No Encumbrances on the Property
Apply for Plot Purchase Loan
Type of Home Loans We Offer
Home Flat
House / Flat Purchase Loans

DMI Housing Finance offers competitive House/Flat Purchase Loans to help you own the perfect home without financial stress.

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Plot Purchase Loans
Plot Purchase Loans

Purchase your ideal plot of land easily with our Plot Purchase Loan, designed for secure and flexible financing.

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Home Construction
Home Construction Loans

DMI Housing Finance provides Construction Loans with easy terms, helping you turn your home construction plans into reality.

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Plot Purchase Loans
Plot Purchase Loans

Purchase your ideal plot of land easily with our Plot Purchase Loan, designed for secure and flexible financing.

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Frequently Asked Questions (FAQs)

Get all the answers to your top Home Loans FAQs with DMI Housing Finance

Yes, a plot loan and a land loan are generally the same. Both refer to loans intended for the purchase of a plot of land.

Yes, you can take a loan to purchase land even without approved construction plans. DMI Housing Finance does not need any approved construction plan for a plot loan.

No, you do not get tax benefits on a land loan unless you start construction. Tax benefits under sections 80C and 24(b) of the Income Tax Act are applicable only after the construction of a house on the land begins.

As per DMI Housing Finance’s policy, if you take a loan to buy a plot, you have 3 years to complete the construction. If the construction is not completed within that time, the loan will only be treated as a plot loan, meaning it won’t cover the construction part anymore.

Yes, depending on your repayment capacity, you can take both a plot loan and a home loan. Alternatively, DMI Housing Finance provides one single plot loan to purchase and construct a plot.

Our Plot loans are available for all plots within municipal or development authority-approved layouts except for agricultural land.

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