Hi, I have 40*30 plots in my name and want to construct a house on it. Can I get a home loan for it? It is a BDA approved place and all legal approvals are in place including latest tax receipt. What will be the rate of interest and for 5 years time frame?
I will suggest you visit the nearest SBI or any other banks. Try to visit 2-3 banks and see who is charging less rate of interest. You can also check the processing fee and other hidden charges and then go for it.
Secondly, very few banks give loan for a plot. You can get from multinational or private banks like DHFL, HDFC Home Loan, and Indiabulls Home Loan to name a few.