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SBI Plot Loan

SBI offers plot loans, a land purchase loan scheme under the brand name SBI Realty, at interest rates starting from 7.25% p.a. Loan applicants can avail this plot purchase scheme for loan amounts of up to Rs 15 crore and tenures of up to 10 years. The bank also offers interest concession of 5 bps to women applicants availing SBI Realty Loan. The borrower opting for this SBI land/plot purchase loan scheme has to construct the dwelling unit in the purchased plot within 3 years of availing the loan.
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Starting 7.10% p.a.

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HDFC Bank
Min Loan Amt. 15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee10,000
ICICI Bank
Min Loan Amt. 15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee10,000
Axis Bank
Min Loan Amt. 30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee14,000
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How Can I Apply for a Home Loan Online?

Get up to 5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

SBI Plot Loan Highlights

Interest Rates 7.25% p.a. onwards
Tenure Up to 10 years
Loan Amount Up to Rs 15 crore
Processing Fees 0.35% of the loan amount and maximum up to Rs. 10,000 plus applicable GST

Note: Interest rates as of 1st January 2026

SBI Plot Loan/Land Loan Interest Rates

The realty or plot loan interest rates offered SBI starts from 7.25% onwards. The SBI Home Loan interest rates and plot loan interest rates are the same.

SBI Plot Loan Processing Fees and Charges

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

Particulars Rates
Prepayment Penalty Nil
Processing Charges 0.35% of the loan amount and maximum up to Rs. 10,000 plus applicable GST

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.

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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

How Can I Apply for a Home Loan Online?

Get up to 5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Get a Home Loan For
Your Dream Home

FAQs

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.

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.

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

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What our customers say

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Office ke chalte jyada samay nahi nikal pata tha. Paisabazaar ke online process ki wajah se na hi mene banks ke rates compare karliye ghar bathe balki mera loan application aur disbursal bhi ghar bathe hi ho gaya...bank jana hi nahi pada...

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me home loan lene ka soch raha tha uske liye mene pehle paisabazaar app se free me apni eligibility check ki..usse mujhe pata chala muje kya cheeze improve karni hai aur fir mera loan jaldi approve ho gaya.

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Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Prem Prakash PandeyDec 7, 2025

Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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Soumil KhannaSep 3, 2021
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