Plot + Construction Loan

Our Plot + construction loan product is designed for the acquisition of plots and residential construction thereon.

We offer Residential Plot Loans upto 75% of the cost of land or 60% of market value of land, whichever is low

The construction on the plot has to be completed within the stipulated time frame as per NHB guidelines.

The loan will have two parts; one for plot purchase and the other for construction.

Maximum Loan
Amount 1 Crore

Interest Rates
made for You

Speedy Sanctions
and Disbursal

Longer tenure
of up to 20 years

Interest Rates


PLR : 19.57%

12.5% to 19.5%

Interest Rate

7.07% – (0.07%)

PLR Less Spread

Self – Employed

PLR : 19.57%

13% to 19.5%

Interest Rate

6.57% – (0.07%)

PLR Less Spread


Loan Document Requirements
Online Process

The most important feature of our offering is that we do not collect any physical document from the customer until we are sure that we can satisfy your requirements.

Documentation Requirements

Our documentation requirements are structured to ensure that we collect the least number of documents . The documentation includes an application form, copies of your identification documents, address proof, income documents, bank statements and property documents.

Please Note

Please note that depending on the individual case, Vastu HFC reserves the right to ask for any additional documents as well.

Processing Fees

Loan Processing Fees
Initial Non-refundable Processing Fee

Rs 3,000 plus applicable taxes and/ or other statutory levies This is a one time non-refundable fee, and is collected by Vastu HFC for the purpose of appraising the application for the Loan and is independent of the outcome/result of such appraisal. This amount is payable at the time of submitting the application form.

Processing Fees

Upto 3% of Loan Amount plus applicable taxes and/ or other statutory levies

Please Note

The tenure of the loan is also dependent on a few terms which may be applicable based on prevalent norms of Vastu HFC.

Vastu HFC calculates the loan eligibility taking into consideration various factors such as income, other sustainable income, age of the borrower, tenure of the loan, work experience and other key parameters that may influence credit worthiness.

Loan Calculator


1 lac 1 cr

Tenure (in months)

180 360

% Interest

12 30




Total Payable

Loan Disbursement

 Loan Document Requirements
How We Do It?

We undertake a comprehensive collateral evaluation which comprises of a legal and technical appraisal to understand the marketability, maintenance, the age of property, level of construction, quality of construction, if required legal clearances are in place and so on.

Loan Disbursement

We will only release the construction loan component after the borrower has started construction on the plot and post completion of plinth. To avail a plot + construction loan, the plot should have been purchased within a period of 6 months prior to date of sanction, otherwise only a construction loan can be availed by the borrower. The amount sanctioned may be disbursed on the basis of the stage of construction of the property. The amount disbursed may be done through electronic transfers or cheque

Please Note

Security interest on the property being financed and / or collateral may be required as per the terms stated in the sanction letter. As a customer of Vastu, we would provide you all the necessary records and documentation for you to avail the tax benefits on your loan. We strongly recommend insurance coverage on the property being financed and on the repayments of your home loan.