SBI Plot Loan

Note: Interest rates as of 16 June 2025.

Check SBI Plot Loans Interest Rates Click Here

SBI Plot Loan/Land Loan Interest Rates

The realty or plot loan interest rates offered SBI starts from 7.50% onwards. The SBI Home Loan interest rates and plot loan interest rates are the same.

Also Check: Which bank/HFC is best for availing plot loans?

SBI Plot Loan Processing Fees and Charges

The processing fees and charges for availing SBI Plot Loan are as follows:

Eligibility Criteria for Availing SBI Plot Loan

The eligibility criteria set for SBI Plot Loans is very similar to the SBI Home Loan Eligibility criteria set for other schemes. Following are the eligibility criteria set for availing SBI Plot Loans:

• Resident Indians are eligible
• Minimum Age: 18 years
• Maximum Age: 65 years

Loan applicants looking to avail a plot loan can use the plot loan EMI calculator to determine the optimal plot loan tenures and EMIs based on the applicant’s repayment capacity.

Check your Plot Loan Eligibility with top lenders Click Here

Also Check: Home Loan Interest Rates

Documentation Required for SBI Plot Loan

The documents required for Plot Loan from SBI is not very different from the SBI Home Loan documents required for other schemes. The list of documents needed for SBI Plot Loan are as follows:

For Loan Applicant

• Employer Identity Card
• 3 Passport size photographs
• Completed loan application
• Identify Proof (photocopies of Passport/Voter ID card/IT PAN card/Driving license)
• Residence Proof (photo copies of recent Electricity Bill/Telephone Bill/Passport/Property tax receipt/Voter ID card)
• Business address proof for the non-salaried individuals
• Bank Account/Pass Book statement for last six months
• Personal statement of assets and liabilities
• Signature identification from present bankers

For Loan Guarantor

• Personal statement of assets and liabilities
• 2 Passport size photographs
• Identify Proof (photocopies of Passport/Voter ID card/IT PAN card/Driving license)
• Residence Proof (photo copies of recent Electricity Bill/Telephone Bills/Passport/Property tax receipt/Voter ID card)
• Business address proof for the non-salaried individuals
• Signature identification from present bankers

Additional Documents Required for Salaried individuals

• Original Salary Certificate from the employer
• TDS certificate on Form 16 or a copy of IT Returns for the last 2 financial years (acknowledged by the IT department)

Additional Documents Required for Self-Employed, Professionals or Other IT Assesses

• Acknowledged copies of 3 year IT returns/Assessment Orders
• Photocopies of challans as evidence for payment of Advance Income Tax

FAQs on SBI Plot Loan

Can SBI Plot Loan borrowers avail another home loan to construct their house?

Ans. Yes, customers who have availed SBI Realty Loan for plot purchase can opt for another home loan scheme for constructing their home on that plot.

What is the Loan-to-value (LTV) Ratio for SBI Plot Loan?

Ans. Although SBI has not disclosed the LTV ratio for its plot loan scheme, the lender might consider their loan applicants’ credit profile, repayment capacity, loan amounts, market value of the plot, plot location (within or outside city limits), etc for setting their LTV ratios.

How do I apply for SBI Plot Loan?

Ans. Prospective applicants can go to the lender’s website or visit the bank branch to apply for SBI Plot Loan.