Whether you're buying your first home, transferring an existing loan, or looking to renovate your space, we’ve got you covered. Our flexible loan solutions, repayment options, competitive interest rates, and quick approval process make home financing easier, faster, and more accessible.
Build Your Dream Home with an Truhome Finance Loan for Plot Purchase and Construction.
Get Plot Purchase and Construction Loan of up to ₹10 Crore
Truhome Finance Limited, formerly known as Shriram Housing Finance Limited. For FAQs Click Here.
Loan for Plot Purchase and Construction - Features and Benefits
Loan Amount
Up to ₹10 Crore
Flexible Loan Tenure
Up to 25 years (Subject to your retirement)
Interest Rate
Starting from 9.5%
Maximum Loan
Up to 75%* of the estimated plot purchase and construction cost(*as per pricing policy of Truhome Finance)
Easy Repayment
Make multiple part payments with zero prepayment charges (only for floating interest rate)
Easy Documentation
Get your loan quickly with our simple documentation process.
Tax Benefits
Get tax exemptions as per the IT Act, 1961.
Dedicated Relationship Manager
Once you apply for a loan, a dedicated relationship manager will be assigned to help you resolve your issues.
Nationality
Indian citizen.
Age
Salaried: Up to the age of 60 years
Self-Employed: Up to the age of 65 years
Occupation
Salaried, Self-Employed
Step 1
Create the account using the Truhome Finance account app or visit the website
Step 2
Enter your personal information
Step 3
Select the loan amount and tenure and submit the application
Home Loan
Get an offer
Home Loan Balance Transfer
Get an offer
Home Loan Top Up
Get an offer
Home Extension Loan
Get an offer
New plot + Home Construction Loan
Get an offer
LAP Residential Loan
Get an offer
Home Improvement Loan
Get an offer
LAP Commercial Loan
Get an offerDocuments for Plot Purchase Loan Application
Here is the list of documents required for plot purchase and construction loan application:
KYC Document:
ID Proof
- PAN Card
- Driver’s License
- Passport
Address Proof
- Latest telephone bill
- Latest electricity bill
- Bank account statement
Income Documents
- Last 3 months' salary slip or latest salary certificate
- Last 6 months’ bank statement
- Form 16
KYC Document:
ID Proof
- PAN Card
- Driver’s License
- Passport
Address Proof
- Latest telephone bill
- Latest electricity bill
- Bank account statement
Self-Employed
- Last 2 years’ Income Tax Returns (ITR)
- Computation of income
- Profit and Loss Account (P&L)
- Last 6 months’ bank statement
What is a loan for plot purchase and construction?
A plot purchase and construction loan is an amount provided by a lender for the purpose of land acquisition and construction of a residence.
How is the interest calculated for a plot purchase and construction loan?
The interest on a plot purchase loan will be calculated taking into consideration factors like the price of the plot, location, required tenure and other eligibility.
How much loan can I get for a plot?
With Truhome Finance, the plot purchase loan amount you can get is up to 75% of the plot purchase and construction cost.
Can I use the plot purchase loan for land purchase only?
No, Truhome Finance Plot Purchase and Construction Loans are specifically for land acquisition and construction of a residence.
What are the repayment options for a plot purchase and construction loan?
With Truhome Finance you can select the tenure for repayment of your plot purchase and construction loan. You can make the payments online and offline as well.
What if the plot doesn't have clear titles?
Clear titles are required as a prerequisite for loan approval. Ensure the plot has a clear title to apply for a Plot Purchase and Construction Loan.
Can I apply for a plot construction loan jointly with a co-applicant?
Yes, co-applicants can enhance loan eligibility even in the case of a plot purchase and construction loan.
Do I need to submit the land plan for a plot purchase and construction loan?
Yes, submitting the land layout or plan is typically required to apply for a Truhome Finance Plot Purchase and Construction Loan.
What if I get a plot construction loan but want to construct later?
Plot Construction Loans often come with a construction deadline. You will have to adhere to the timeline to make the repayments on time.
Is a site visit required for plot purchase loan approval?
Yes, site visits are commonly part of the plot purchase loan approval process with Truhome Finance.
Can I get a plot purchase loan for a plot outside my city?
No, plot purchase loans for out-of-city plots are currently unavailable. However, the approval is at the discretion of Truhome Finance Limited.
