Home Loan for Plots - Need contacts

MNRS
Posts: 181
Joined: July 8th, 2009, 8:54 am

Re: Home Loan for Plots - Need contacts

Post by MNRS »

I checked with LIC Home Finance. They are offering almost 85% of the plot cost as the loan for the BBMP/DC converted Sites.

Interest rate is 8.75% Floating
paybill
Posts: 1
Joined: October 27th, 2010, 4:09 pm

Re: Home Loan for Plots - Need contacts

Post by paybill »

I think you should survey the banks which is provide the home loan in lower interest rates which is beneficial for you to purchase a plot.
suhasbl
Posts: 42
Joined: June 23rd, 2010, 1:37 pm

Re: Home Loan for Plots - Need contacts

Post by suhasbl »

Check with Indina Bank for plot loan.They were charging 8.25% for fixed 3 years. After RBI repo rates interest rates might have changed.I had a very good experience with this bank. Loan process is very transperent and no much hurdle if all the documents are correct.
jollyroger
Posts: 1
Joined: November 15th, 2010, 6:36 pm

Re: Home Loan for Plots - Need contacts

Post by jollyroger »

Now a days home loan is available online with the help of payday loans which you get according to your requirement with quick cash advances. If you apply online payday loans then it will instantly approved by authorized persons and you will get cash with minimum rates.
cash advances
sreekbda
Posts: 226
Joined: May 22nd, 2009, 8:07 pm

Re: Home Loan for Plots - Need contacts

Post by sreekbda »

Hello,

IDBI Bank has stopped giving loans for just plots. They give only "composite loans" which is for the plot PLUS construction on it.

I am in the process of buying a plot and want to know whether there is any other bank that offers plot-only loans? If anyone has got their loan processed recently, please share the details of the contact person who helped you get the loan. Send details to my email id at: tellstreekanth@gmail.com

Best Regards.
lavanya.sath
Posts: 5
Joined: November 15th, 2010, 10:18 am

Re: Home Loan for Plots - Need contacts

Post by lavanya.sath »

HDFC gives loan only for plot. I am currently processing a land loan with this bank. http://www.hdfcbank.com/personal/loans/ ... _loans.htm page has detail about 'Land Purchase Loan'. You can also apply online from this page.
murthyveda
Posts: 21
Joined: July 15th, 2009, 7:05 pm

Re: Home Loan for Plots - Need contacts

Post by murthyveda »

@Lavanya,
what is the interest rate HDFC is charging for plot loan that you have mentioned above? Fixed, floating, or combination of fixed and floating?

Regards
--Murthy.
abhinkoi
Posts: 60
Joined: September 10th, 2010, 6:30 pm

Re: Home Loan for Plots - Need contacts

Post by abhinkoi »

HDFC Site loan details -
8.5 fix till march 2011
9.25 fix till march 2012
Otherwise 9.75% floating
murthyveda
Posts: 21
Joined: July 15th, 2009, 7:05 pm

Re: Home Loan for Plots - Need contacts

Post by murthyveda »

@abhinkoi
thanks for the info.
adroit
Posts: 78
Joined: November 8th, 2010, 4:32 pm

Re: Home Loan for Plots - Need contacts

Post by adroit »

Hi All,


Iam Planning to Buy a BMRDA Approved Site in a Private Layout.

The Developer told me that he can arrange for loan from LICHFL and Deusche Post Bank Home Finance Limited (Earlier it was Birla Home Finance.)

LICHFl is giving only 70% of the cost whereas the Deusche Post Bank Home Finance Limited is giving upto 80% of the cost.

http://www.deutschepostbank.co.in

BUT AS I SEE THERE IS A LOT OF NEGATIVE FFEDBACK ON THE NET ON DEUSCHE POST BANK HOME FINANCE. DOES ANY BODY KNOW ABOUT THIS ORGANISATION.
IT SEEMS IT DOES NOT COME UNDER RBI AND THEY NEVER DECREASE Rate of INTEREST IT SEEMS EVEN IF RBI reduces it.

But the interest rate they are offering is already 9.95 fixed for 7 years and no pre-payment charges.

It looks ok but the negative feedback on NET is worrying me a lot.

Did any one of you have positive experience with this organisation. is this part of deutsche bank or some other organisation.

Kindly Help me.
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