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Leverage the value of your plot to unlock the funds you need—apply now!
At DMI Housing Finance, we understand that a plot of land holds limitless potential. With our Loan Against Plot, you can transform that potential into the funds you need to expand your business, secure your family’s future, or fulfil personal ambitions. With loan amounts ranging from INR 2 lakhs to INR 30 lakhs and a repayment tenure of up to 15 years, we offer flexible funding with no restrictions on usage, at an interest rate of 12.50% p.a. onwards. Our friendly team is here to make the process simple and stress-free, helping you unlock the value of your property to achieve your dreams.
We are committed to providing financial solutions that are accessible to everyone, irrespective of their profession or income source. Our Loan Against Property is designed with inclusive and adaptable eligibility criteria, allowing individuals from various backgrounds to secure the necessary funds.
Age: 21 to 65 years
Eligible Employment Types: Private, Government, MNC, and contractual employees
Minimum Monthly Income: Rs. 10,000
Loan Tenure: Up to 15 years
LTV Ratio: 60% of the property value as the loan amount
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 15 years
Eligibility Based On: GST Turnover
LTV Ratio: 60% of the property value as the loan amount
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 15 years
Eligibility Based On: Banking churning and average daily bank balance
LTV Ratio: 60% of the property value as the loan amount
Get all the answers to your top Loans Against Plot FAQs with DMI Housing Finance
A Loan Against Plot is a secured loan that allows you to borrow funds by mortgaging your plot with a bank or NBFC. Here, your plot serves as collateral. This property could be residential or commercial.
You can take a loan against plot from DMI Housing Finance by providing any income proof that suits your profession. We have laid down different loan eligibility criteria for various professionals to make our loan accessible to maximum individuals.
If you apply digitally with all the required documents and details, your loan against plot application will be approved in 1 working day at DMI Housing Finance. Our team strives to process loans as quickly as possible for your convenience.
A loan against plot is a secured loan. Borrowers mortgage their plot to a bank or NBFC to take a loan. In the event of continued default, the lender may collect the outstanding amount by selling the property.
If you are utilising funds from a loan against plot for a house purchase or construction of a residential property, under Section 80C, you can claim up to INR 1.5 lakh on the principal repayment. Under Section 24(b), you can claim up to INR 2 lakh on interest paid for a self-occupied property, and there is no limit for a let-out property.
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