Tools
Plot loan EMI calculator
Most EMI calculators tell you the monthly instalment and stop. The number that actually decides whether you can do the deal is the cash you need on the day of registry: down payment plus stamp duty plus registration, none of which the loan covers. This one shows both.
What it costs to carry
Registered in the name of
Cash you need yourself, on the day
An estimate for planning. Actual sanction, rate and loan-to-value depend on the lender, your profile and whether the lease deed is registered. Authority transfer charges, lease rent and brokerage are not included.
Why the own-funds number matters more than the EMI
Buyers on this corridor routinely get the EMI right and the cash wrong. They budget the down payment, forget that stamp duty and registration are not fundable, and arrive at the sub-registrar short. The deal then stalls, and on a resale a stalled registry gives the seller a reason to renegotiate.
Work backwards instead. Establish the cash you can put on the table, subtract the statutory cost from it, and what remains is your down payment. That, divided by one minus the loan share, is the plot price you can actually transact at.
Questions people actually ask
Is a plot loan the same as a home loan?
No, and the differences cost money. A plot loan usually carries a shorter tenure, a lower loan-to-value ratio and a slightly higher interest rate than a home loan on a built unit. Some lenders also require that you begin construction within a set period, failing which the loan can be repriced.
How much can I borrow against a plot?
Lenders typically fund a lower share of a plot purchase than they would of a built house, so plan for a larger down payment. The exact ratio depends on the lender, the authority and whether the lease deed is registered.
Will a bank lend against a YEIDA leasehold plot?
Some lenders do and some will not touch authority leasehold land on this corridor, particularly before the lease deed is registered. That is worth establishing before you pay a token, not after. We can tell you which lenders are currently sanctioning here.
Does stamp duty get included in the loan?
Usually not. Stamp duty and the registration fee come out of your own funds, on top of the down payment. On a Rs 1.8 crore plot that is roughly Rs 14 lakh in cash at the sub-registrar. Budget it separately.
Send us the file before you send anyone money
A twenty minute call and a document check costs you nothing and has saved our clients more than our brokerage ever did.