About Plot Loans

If you come across a plot for sale that you believe would be ideal for your future house, an HDFC plot loan might help you capitalize on the chance. Plot loans, as opposed to home purchase loans, which are used to acquire existing, built-up properties, allow you to purchase land. An HDFC plot loan can be used to purchase land on which you will develop a house in the future. Tenure: Land loans have a shorter repayment period than home loans. Home loans have one of the longest loan repayment terms, which can be up to 30 years. " Land…