Telangana Grameena Bank Plot Loan Features
| Interest Rate | as per the loan amount |
| Plot Loan amount | Up to INR 3 Crores |
| Loan Tenure | 15 Years |
| Margin | 24% |
| Pre-payment Penalty | Nil |
Eligibility Criteria for Telangana Grameena Bank Plot Loan
- Indian Nationality
- Proper ID and address proof
- The borrower should be of an age group of 18-65.
- The borrower should have a stable income.
- Guarantor available.
- The property should be within municipal limits.
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Benefits of Telangana Grameena Bank Plot Loan
There are various benefits in Telangana Grameena Bank Plot loan.
- Customized services.
- minimal documentation
- No hidden charges
- Low interest rate
- Tax benefits on Plot Construction Loan
Plot Loan
Plot loan is the most convenient way for a customer to get instant funds to buy an empty plot of land. The bank provides their customers a plot loan to buy a plot and not an already constructed building. In plot loan it is up to the borrower if they wish to do agricultural activities on it, build a house or just keep it empty for investment purposes. The repayment in this loan is through EMIs.
1. Plot Loan Interest Rates
The rate of interest in Telangana Grameena Bank majorly depends on the loan. It starts at 8.90% for all customers.
2. Loan to Value Ratio (LTV)
Loan to value or LTV is the money a borrower gets against the property. It is a maximum of 70% LTV
3. Lower Tenure
Plot loans have a shorter tenure of up to 15 years.
4. Tax Benefits
Tax benefits on land loans are not available. However, if it is coupled with construction loan, tax benefits can be availed.
5. Prepayment Penalty
Floating rate loans come with no prepayment charges.
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Types of Plot Loan Telangana Grameena Bank Provides
Plot Loan
A plot loan will let you buy a vacant plot for constructing a house or for merely investment purposes. Each bank has their own charges and eligibility to provide a plot loan.
Plot + Construction Loan
This loan is taken to construct a house on the land. This offers tax benefits to the borrower after the construction is completed.
Telangana Grameena Bank Plot Loan for Self-employed Individuals:
Self-employed individuals can take Telangana Grameena Bank Plot Loan.
Who Can Apply for a Self-employed Telangana Grameena Bank Plot Loan
| LOAN AMOUNT | MAXIMUM FUNDING |
| Rs. 30 lakh – 75 lakh | Up to 80% of the document cost or the market value, whichever is the lowest. |
| Above Rs. 75 lakh | Up to 75% of the document cost or the market value, whichever is the lowest. |
Types of Plot Loans for Self-employed Individuals
Telangana Grameena Bank gives two types of loans to all self-employed individuals
- Adjustable-Rate Loan- This loan is provided at Retail Prime Lending Rate. It is revised every six months and the interest rate, EMI depends on that.
- TruFixed Home Loan- This loan is provided at 2/3 year Fixed Rate Variant. It provides both, one half of an adjustable-rate and the other half fixed rate.
Telangana Grameena Bank Plot Loan Interest Rate for Self-employed Professionals
Adjustable Plot Loan Rate
| Loan Slab | Home Loan Interest Rates (% p.a) |
|---|---|
| For women* (up to 30 lakh) | 7.05 to 7.55 |
| For others* (up to 30 lakh) | 7.10 to 7.60 |
| For women* (above 30 lakh) | 7.30 to 7.80 |
| For others* (above 30 lakh) | 7.35 to 7.85 |
| For Women* (75.01 Lakhs & Above) | 7.40 to 7.90 |
| For Others*(75.01 Lakhs & Above) | 7.45 to 7.95 |
TruFixed Rate- 2/3 Year Fixed Rate Variant
| Loan Slab | Home Loan Interest Rates (% p.a.) |
|---|---|
| For Women* (up to 30 Lakhs) | 7.50 to 8.0 |
| For Others* (up to 30 Lakhs) | 7.55 to 8.05 |
| For Women* (Above 30 Lakhs) | 7.65 to 8.15 |
| For Others* (Above 30 Lakhs) | 7.70 to 8.20 |
| For Women* (75.01 Lakhs & Above) | 7.75 to 8.25 |
| For Others*(75.01 Lakhs & Above) | 7.80 to 8.30 |
Telangana Grameena Bank Plot Loan Interest Rate for self-Employed Non-professionals
Adjustable Home Rate Loan
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| For Women* (Up to 30 Lakhs) | 7.20 to 7.70 |
| For Others* (Up to 30 Lakhs) | 7.25 to 7.75 |
| For Women* (Above 30 Lakhs) | 7.45 to 7.95 |
| For Others* (Above 30 Lakhs) | 7.50 to 8.00 |
| For Women* ( 75.01 Lakhs & Above) | 7.55 to 8.05 |
TruFixed Loan- 2/3 Year Fixed Rate Variant
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| For Women* (up to 30 Lakhs) | 7.65 to 8.15 |
| For Others* (up to 30 Lakhs) | 7.70 to 8.20 |
| For Women* (Above 30 Lakhs) | 7.80 to 8.30 |
| For Others* (Above 30 Lakhs) | 7.85 to 8.35 |
| For Women* ( 75.01 Lakhs & Above) | 7.90 to 8.40 |
| For Others*( 75.01 Lakhs & Above) | 7.95 to 8.45 |
Telangana Grameena Bank Documents Required for Self-employed
| ID Proof | PAN Card / Passport / Aadhar Card / Voter ID |
| Residence Proof | Driver’s License, Telephone Bill, Election or Ration Card |
| Education Qualification | Last qualifying degree |
| Proof of Business | Certificate or any other proof of business |
| Tax Returns | Last three years Income Tax Returns |
| Bank Account Statements | Last 1 year bank statements |
| Other documents | Processing fee cheque, photocopy of title documents of the property. |
Telangana Grameena Bank Plot Loan fees for Self-employed Individuals
Processing Fees:
The processing fees is Rs. 2,500 – Rs. 5,000
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Pre-payment Charges
| Adjustable-Rate Home Loans | For loans sanctioned to individual borrowers with the firm, company, etc. as a co-applicant, prepayment charges are at 2% plus taxes. |
| Fixed-Rate Home Loans | Prepayment charges will be 2% plus tax and charges of the outstanding amount |
| Fixed and Variable Rate Loans | Fixed and Variable Rate Loans (Combination rate)
|
Conversion Fees
| Name of the service | Name of the charge/fee levied | When payable | Frequency |
Amount in rupees
|
|
Switch to a lower rate in Variable Rate Loans
|
Conversion fees | On conversion | On every spread change |
Up to 50% of the principal outstanding and undisbursed amount at the time of conversion or a cap of 50,000 rupees plus taxes whichever is lower.
|
|
Switching to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension)
|
Conversion fees | On conversion | Once |
Up to 50% of the principal outstanding and undisbursed amount at the time of conversion or a cap of 50,000 rupees plus taxes whichever is lower.
|
|
Switching from Trufixed Fixed Rate to Variable Rate Loan
|
Conversion fees | On conversion | Once |
1.75% of the principal outstanding and undisbursed amount plus taxes at the time of conversion.
|
|
Switch to Lower Rate (Non-Housing Loans)
|
Conversion fees | On conversion | On every spread change |
Half of the spread difference on the principal outstanding and undisbursed amount plus taxes, with a minimum fee of 0.5% and a maximum fee of 1.50%.
|
|
Switch to Lower Rate (Non-Housing Loans)
|
Conversion fees | On conversion | On every spread change |
0.5% of principal outstanding and undisbursed amount plus taxes at the time of conversion.
|
Cheque Dishonour Charges
Up to 200 rupees.
Fees on Account of External Opinion
The external opinion of technical advocates is taken. Their fee is to be paid by the borrower.
Property Insurance
Borrowers are asked to pay for their insurance.
Incidental Charges
The incidental charges are covered by the borrower.
Statutory / Regulatory Charges
The customer has to pay for any extra Statutory or Regulatory Charges.
List of Documents
Up to Rs. 500
Photocopy of Documents
Up to Rs. 500
Increase/Decrease in Loan Term
Up to Rs. 500
Disbursement Cheque Cancellation Charge Post Disbursement
Up to Rs. 200
Re-appraisal of Loan After 6 Months from Sanction
Up to Rs. 2000 plus applicable charges.
PDC Swap
Up to Rs. 500
Telangana Grameena Bank Plot Loan for Salaried Individuals
All salaried individual can take Private Bank Plot loan and avail its benefits.
Who can apply for a Salaried Telangana Grameena Bank Plot Loan
| LOAN AMOUNT | MAXIMUM FUNDING |
| Rs. 30 lakh to Rs. 75 lakh. | Up to 80% of the market value or cost of the property, whichever is lower. |
| Above Rs. 75 lakh. | Up to 75% of the market value or cost of the property, whichever is lower. |
Types of Plot Loans for Salaried Individuals
- Adjustable-Rate Loan: This is available at Retail Prime Lending Rate which is increased every six months.
- TrueFixed Home Loan- This is available at 2/3 Year Fixed Rate Variant. It comes with one half of an adjustable-rate and the other half of a fixed rate.
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Telangana Grameena Bank Plot Loan Interest Rate for Salaried Individuals
Adjustable Plot Loan Rate
| Loan Slab | Home Loan Interest Rates (% p.a) |
|---|---|
| For women* (up to 30 lakh) | 7.05 to 7.55 |
| For others* (up to 30 lakh) | 7.10 to 7.60 |
| For women* (above 30 lakh) | 7.30 to 7.80 |
| For others* (above 30 lakh) | 7.35 to 7.85 |
| For Women* (75.01 Lakhs & Above) | 7.40 to 7.90 |
| For Others*(75.01 Lakhs & Above) | 7.45 to 7.95 |
TruFixed Loan- 2/3 Year Fixed Rate Variant
| Loan Slab | Home Loan Interest Rates (% p.a.) |
|---|---|
| For Women* (up to 30 Lakhs) | 7.50 to 8.0 |
| For Others* (up to 30 Lakhs) | 7.55 to 8.05 |
| For Women* (Above 30 Lakhs) | 7.65 to 8.15 |
| For Others* (Above 30 Lakhs) | 7.70 to 8.20 |
| For Women* (75.01 Lakhs & Above) | 7.75 to 8.25 |
| For Others*(75.01 Lakhs & Above) | 7.80 to 8.30 |
Telangana Grameena Bank Plot Loan Documents For Salaried Individuals
| Id proof | Passport, PAN Card, Aadhar Card, Election Card |
| Address Proof | Driving License, Telephone Bill, Ration Card, Election Card |
| Education Qualification | Last qualifying Degree |
| Salary Slips | Last three months’ salary slips |
| Bank Statements | Last six months bank statements |
| Others | Processing fee cheque and photocopy of title documents |
Telangana Grameena Bank Plot Loan Fees for Salaried Individuals
Processing Fees:
The processing fees for Private Bank Plot Loan ranges from Rs. 2,500- Rs. 5,000
Pre-payment Charges:
| Adjustable-Rate Home Loans |
|
| Fixed-Rate Home Loans |
|
| Fixed and Variable Rate Loans | Fixed and Variable Rate Loans (Combination rate)
|
Conversion Fees:
| Name of the service | Name of the charge/fee levied | When payable | Frequency | Amount in rupees |
|---|---|---|---|---|
| Switch to a lower rate in Variable Rate Loans | Conversion fees | On conversion | On every spread change | Up to 50% of the principal outstanding and undisbursed amount at the time of conversion or a cap of 50,000 rupees plus taxes whichever is lower. |
| Switch to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension) | Conversion fees | On conversion | Once | Up to 50% of the principal outstanding and undisbursed amount at the time of conversion or a cap of 50,000 rupees plus taxes whichever is lower. |
| Switch from Trufixed Fixed Rate to Variable Rate Loan | Conversion fees | On conversion | Once | 1.75% of the principal outstanding amount plus taxes at the time of conversion. |
| Switch to Lower Rate (Non-Housing Loans) | Conversion fees | On conversion | On every spread change | Half of the difference on the principal outstanding amount plus taxes, with a minimum fee of 0.5% and a maximum fee of 1.50%. |
| Switch to Lower Rate (Non-Housing Loans) | Conversion fees | On conversion | On every spread change | 0.5% of principal outstanding and undisbursed amount plus taxes at the time of conversion. |
Cheque Dishonour Charges
Up to Rs. 200
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Fees on Account of External Opinion
Technical advocated are called upon to give an external opinion. The fees is paid by the customer.
Property Insurance
Borrowers pay for the insurance.
Incidental Charges
The incidental charges are taken up by the defaulter.
Statutory / Regulatory Charges
The customer is supposed to pay for any charges that are applicable on stamp duty/MOD/MOE/Central Registry of Securitization Asset Reconstruction and Security Interest of India.
List of Documents
Up to Rs. 500
Photocopy of Documents
Maximum amount of 500 rupees.
Increase/Decrease in Loan Term
Maximum amount of Rs. 500
Disbursement Cheque Cancellation Charge Post Disbursement
Maximum money of Rs. 200
Re-appraisal of Loan After 6 Months from Sanction
Maximum amount of Rs. 2000 and applicable tax.
PDC Swap
Maximum amount of Rs. 200
How to apply for Telangana Grameena Bank Plot Loan with Dialabank
- Visit us on our website at www.dialabank.com.
- Fill the online form that appears at the top of the page
- Give us a moment and our Customer relationship officer will get in touch with you.
- You will be helped throughout the way.
Documents Required for Telangana Grameena Bank Plot Loan
- Recent Passport Size Photographs.
- Correctly filled application fee.
- ITR of last two years.
- Identity Proof
- Residence Proof
- Income Documents for salaried
- Business proof for self-employed
- Property Documents / Sales deed
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Telangana Grameena Bank Plot loan with Construction vs Home Loan
| Parameters | Land Loan with Construction | Regular Home Loan |
|---|---|---|
| Plot + Construction loan interest rates | Rates are the same for a home loan, but the plot + Construction Loan interest rates can be higher if you want the construction period to be longer than usual | Interest rates are start from 6.75% |
| LTV | Up to 70% of the property’s value | Up to 90% of the property’s value |
| Tenure | Up to 15 years | Up to 30 years |
| Tax Benefits | The plot loan availed for construction and its benefits can be claimed post completion of the construction | On principal amount under section 80C and interest amount under section 24(b) |
| Prepayment Penalty | Nil for individuals on floating rates | Nil for individuals on floating rates |
FAQs
✅ What is the plot loan interest rate in Telangana Grameena Bank?
The interest rate begins at 8.90% and further increases as the loan amount increases.
✅What is Telangana Grameena Bank Plot Loan?
Telangana Grameena Bank Plot Loan is offered by the bank to purchase a piece of land. It is up to the borrower what they do with the plot of land. They can construct a house on it or even keep it as it is for investment purposes. The land can also be used for agricultural purposes.
✅How much processing fee is applicable on Telangana Grameena Bank Plot Loan ?
The processing fees for Private Bank Plot loan is a minimum of 0.25%
✅What is the loan tenure of the Telangana Grameena Bank Plot Loan?
Up to 30 years
✅How much EMI per lakh can be fixed on Telangana Grameena Bank Plot Loan?
The EMI per lakh depends on the salary of the borrower, loan tenure and the loan amount.
✅How can I avail plot loan from Telangana Grameena Bank?
Any Indian resident above 18 years of age can apply for Telangana Grameena Bank Plot Loan.
✅How to apply for Telangana Grameena Bank Plot Loan?
You can visit the closest bank branch or take the assistance of Dialabank.
✅How to repay the Telangana Grameena Bank Plot Loan earlier than the schedule?
By doing extra payments, the loan can be repaid before the schedule.
✅Is it possible to repay my loan earlier than the schedule?
On getting enough funds, a borrower can pay the entire loan amount earlier than schedule.
✅How to check Telangana Grameena Bank Plot Loan eligibility?
Visit Telangana Grameena Bank branch or visit their website. You can also know their eligibility online from Dialabank.
✅What is the Telangana Grameena Bank Plot Loan phone number?
You can contact Dialabank on 9878981144
✅What is the Plot Loan interest rate for women?
The Plot loan interest rate begings at 9.60% for women.
✅What is Telangana Grameena Bank plot loan interest rates for salaried individuals?
The Plot loan interest rate for salaried individuals are from 7.05% to 8.00%
✅What is Telangana Grameena Bank plot loan interest rates for self-employed professionals?
The Telangana Grameena Bank Plot Loan interest rates for self-employed professionals are 7.25% to 7.75%
✅What is Telangana Grameena Bank plot loan interest rates for self-employed non-professionals?
The Telangana Grameena Bank plot loan interest rates for self- employed non-professions are 7.25% to 7.75%
✅How is a plot loan different from a home loan?
A plot loan let you buy an empty piece of land and a home loan lets you purchase an already constructed house.
✅Can I take a plot loan with a home loan?
Plot Loan and Home loan cannot be taken together.
✅What is the maximum amount that I can take as a loan?
The loan is issued at an 70% LTV.
✅Can a plot loan be taken on any plot, anywhere?
A plot loan will let you buy a piece of land within municipal limits.
✅What is a Balance Transfer on Plot Loan?
The Balance transfer on plot loan is available at an interest rate from 6.75%.
✅Do I get any tax benefits on a plot loan?
After the completion of construction on the plot, tax benefits can be availed.
✅How many years can I keep the plot of land before starting construction?
The construction has to begin before the time decided upon by the bank.
