Plots are the best investment option as the people say everyone wants to buy property for the future. You can buy a plot with your savings or you can opt plot loan to do so.
Eligibility Criteria:
- The applicant must be Indian. for NRI and POIs plot loan given if the applicant reside abroad for the employment purpose.
- Agriculturists and small format are also considered for plot loan.
- the age of applicants between 21 years to 70 years.
- healthy credit score and repayment history are a must
Documents Required:
- duly fill and self-attested form along with a photograph.
- Identity proof like Aadhar card, voter id, passport or PAN card.
- Address proof like Aadhar card, passport or license.
- proof of education qualification like the certificate of the recent degree.
- house-related paperwork like title document and the approved plan
Salaried employees must submit:
- Form 16 of the preceding two years
- previous salary slip of three month
- bank statement for salary credit
- the certificate of employment
Self-employed applicants need to submit:
- proof of existing business
- recently bank statement of self or business
- income tax return of the past three years self of business.
- profit and loss record of your business
Agriculturists and small farmers have to submit:
- show all the land proof
- basic KYC document
A plot loan is very beneficial for the people or they can businessmen or simple or normal people. you can resale or make a home. The plot loan interest rate is low so the people prefer this plot loan.
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