What is a Plot Purchase Loan?
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Features of Plot Purchase Loan.
Plot Loan, otherwise called Land Loan, is presented by banks and Housing Financial Companies (HFCs) to clients hoping to avail Loan for plot buy, with a definitive point of developing a private unit on the bought plot. While numerous moneylenders give land credits as a different item inside the more extensive home advance classification, others permit the borrowers to benefit standard home credit and utilize its returns to buy plot and development of private unit consequently.
Banks commonly set down unambiguous circumstances to guarantee that clients who have profited a Plot Credit should finish the property’s development inside a decent span from the date of credit endorse/disbursal.
Qualification Criteria for Plot Purchase Loan
CIBIL Score Requirement of 700 or Higher
Minimum Net Monthly Income of ₹15,000
Maximum Age of 60 Years at Loan Maturity
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Hear from our satisfied customers about how Boteza Finance has helped them achieve their financial goals with swift loans and dedicated support.
