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IB Plot Loan

Finance to purchase an ownership-based residential house site in an authority-approved layout, with area-based amount caps up to ₹12 crore and repayment up to 180 .

Interest rate8.15%–9.55% p.a. floating for Plot Loan and Plot Loan (NRI) in Indian Bank's current personal-segment rate table dated 14 August 2026.Maximum amountMaximum ₹12 crore (₹1,200 lakh) in metro areas. Area caps are ₹1 crore rural, ₹2 crore semi-urban, ₹6 crore urban and ₹12 crore metro; LTV cannot exceed 75%.Repayment tenureMaximum 180 EMIs; no holiday period is allowed.
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Quick eligibility check

IB Plot Loan

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: The bank applies Home Loan recognition-of-income and net-take-home-pay rules?

Published source: Minimum income

2Does your annual income meet this requirement: salaried quantum uses 36 times gross monthly income and professional/business quantum uses three times average two-year annual net income?

Published source: Minimum income

3Does your age meet this requirement: Eligible resident and NRI persons meeting the Indian Bank Home Loan recognition-of-income, age and NTHP rules, purchasing an ownership-based house site in a competent-authority-approved layout?

Published source: Eligibility

4Do you meet this requirement: NRIs/PIOs cannot purchase plots in rural areas?

Published source: Eligibility

5Do you meet this requirement: the site must be protected and accessible?

Published source: Eligibility

6Document checkDo you have this required document or proof: Home-loan KYC and income documents?

Published source: Required documents

7Document checkDo you have this required document or proof: Approved-layout and house-site title documents?

Published source: Required documents

8Document checkDo you have this required document or proof: Property valuation and statutory approval records?

Published source: Required documents

9Document checkDo you have this required document or proof: Mortgage registration documents?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India; rural plot purchases are not permitted for /

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeSecured residential plot-purchase loan for an ownership-based house site in an approved layout.View source
The official page finances purchase of a house site and requires an equitable mortgage of that site.
Source
IB Plot Loan — Indian Bank
Page / section
Purpose; Security
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rate8.15%–9.55% p.a. floating for Plot Loan and Plot Loan (NRI) in Indian Bank's current personal-segment rate table dated 14 August 2026.View source
The current Plot Loan row lists 8.15% to 9.55% p.a.
Source
Interest Rates on Personal Segment Loan Products: Floating — Indian Bank
Page / section
Plot Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkThe Plot Loan row is labelled floating but the current official table does not identify a named benchmark or spread.View source
The official row publishes the floating range without a named benchmark.
Source
Indian Bank Plot Loan rate review
Page / section
Plot Loan rate row
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage or APR calculation is published on the IB Plot Loan page or current floating-rate table.View source
The reviewed sources publish the interest rate but no calculation.
Source
Indian Bank Plot Loan review
Page / section
Interest Rates; complete loan criteria table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo separate rupee minimum-income amount is published. The bank applies Home Loan recognition-of-income and net-take-home-pay rules; salaried quantum uses 36 times gross monthly income and professional/business quantum uses three times average two-year annual net income.View source
The official page gives income multiples and says recognition/NTHP follow the Home Loan scheme, without a minimum salary floor.
Source
IB Plot Loan — Indian Bank
Page / section
Target Group; Quantum of loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountMaximum ₹12 crore (₹1,200 lakh) in metro areas. Area caps are ₹1 crore rural, ₹2 crore semi-urban, ₹6 crore urban and ₹12 crore metro; LTV cannot exceed 75%.View source
The area table publishes rural, semi-urban, urban and metro caps, with ₹1,200 lakh as the highest cap.
Source
IB Plot Loan — Indian Bank
Page / section
Quantum of loan; Margin
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Repayment tenureMaximum 180 EMIs; no holiday period is allowed.View source
The repayment row states maximum 180 and no holiday period.
Source
IB Plot Loan — Indian Bank
Page / section
Repayment Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeResidents: 1% of loan amount, minimum ₹5,000 and maximum ₹15,000. NRI plot-loan cases: ₹25,000 plus GST, under the current Indian Bank schedule.View source
The current schedule publishes separate resident and plot-loan charges.
Source
Processing Fee on Personal Segment Loan Products — Indian Bank
Page / section
IB Plot Loan to ; Plot Loan to Residents
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureThe current IB Plot Loan page and linked processing-fee schedule do not state a separate prepayment or foreclosure charge.View source
The complete current sources state margin, tenure and processing charges but no separate prepayment amount.
Source
Indian Bank Plot Loan prepayment review
Page / section
Complete loan criteria table; current processing-fee schedule
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityEligible resident and NRI persons meeting the Indian Bank Home Loan recognition-of-income, age and NTHP rules, purchasing an ownership-based house site in a competent-authority-approved layout. NRIs/PIOs cannot purchase plots in rural areas; the site must be protected and accessible.View source
The official criteria publish ownership, approval, /rural and property-condition rules.
Source
IB Plot Loan — Indian Bank
Page / section
Target Group; Purpose; Other Terms
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsHome-loan KYC and income records, approved-layout and house-site title documents, valuation/statutory approvals and documents needed to register the equitable mortgage.View source
The page requires an approved layout, eligible title and registered equitable mortgage; supporting Home Loan records apply.
Source
IB Plot Loan — Indian Bank
Page / section
Target Group; Security; Other Terms
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsEligible resident and NRI persons meeting the Indian Bank Home Loan recognition-of-income, age and NTHP rules, purchasing an ownership-based house site in a competent-authority-approved layout. NRIs/PIOs cannot purchase plots in rural areas; the site must be protected and accessible.View source
The manually reviewed product record states: “Eligible resident and persons meeting the Indian Bank Home Loan recognition-of-income, age and NTHP rules, purchasing an ownership-based house site in a competent-authority-approved layout. / cannot purchase plots in rural areas; the site must be protected and accessible.”.
Source
IB Plot Loan — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to 36 times gross monthly income for salaried applicants or three times average two-year annual net income for professional/business applicants
  • Area caps: ₹1 crore rural, ₹2 crore semi-urban, ₹6 crore urban and ₹12 crore metro
  • Maximum 180 with no holiday period
  • Up to 75% with 25% maximum margin

Eligibility

  • Income recognition, age and net-take-home-pay criteria follow the Indian Bank Home Loan scheme.
  • The site must be owned (not leasehold), in an approved layout and in a good accessible developed or developing area; / cannot purchase plots in rural areas.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Home-loan and income documents
  • Approved-layout and house-site title documents
  • Property valuation and statutory approval records
  • Mortgage registration documents

Related official documents

IB Plot Loan — Indian Bank official product pageofficial-product-page · current · accessed 31 Aug 2026
↗
Processing Fee on Personal Segment Loan Products — Indian Bankofficial-fee-schedule · current · accessed 31 Aug 2026
↗
Interest Rates on Personal Segment Loan Products: Floating — Indian Bankofficial-rate-table · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

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Target group · Published detailResidents and meeting Home Loan age, income-recognition and NTHP criteria.

This value is copied from IB Plot Loan — published terms. Check the table notes before relying on it.

Source: IB Plot Loan — Indian Bank · Complete loan criteria table; current rate/fee schedules Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 10 rows · 2 columnsIB Plot Loan — published termsCurrent Indian Bank plot-loan income formula, area-linked caps, margin, tenure, rates, charges and NRI restrictions.View tableHide table

Scroll sideways to view every column

IB Plot Loan — published terms
ParameterPublished detail
Target groupResidents and meeting Home Loan age, income-recognition and NTHP criteria.
PurposePurchase of an ownership-based house site in a competent-authority-approved layout; leasehold plots excluded.
Income formulaSalaried: up to 36× latest gross monthly income. Professional/business: up to 3× average annual net income from latest two years.
Area capRural ₹1 crore; semi-urban ₹2 crore; urban ₹6 crore; metro ₹12 crore.
Margin / Maximum 25% margin; not above 75%.
RepaymentMaximum 180 ; no holiday period.
Rate8.15%–9.55% p.a. floating for Plot Loan and Plot Loan ().
Processing feeResidents 1%, minimum ₹5,000, maximum ₹15,000; ₹25,000 plus .
Security / conditionsEquitable mortgage registered at applicant cost; accessible developed/developing location and fencing/compound protection required; / rural purchase not permitted.
PrepaymentNo separate charge stated on reviewed current sources.
IB Plot Loan — Indian Bank · Complete loan criteria table; current rate/fee schedules · accessed 31 Aug 2026Open official source ↗

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