Land Acquisition
Land acquisition loans provide financial assistance to Real estate developers & Landlords aiming to purchase a parcel of land for residential or commercial purposes. These loans cover a significant portion of the land’s market value, enabling borrowers to secure prime locations without immediate full capital outlay.
Benefits & Features
High Loan-to-Value (LTV) Ratio
Borrowers can receive up to 70-80% of the land's market value, depending on the lender's policies and the borrower's credit profile.
Flexible Tenure
Repayment periods can extend up to 10 years, allowing for manageable Equated Monthly Installments (EMIs).
Minimal Documentation
Streamlined application processes with basic documentation requirements facilitate quick approvals.
Competitive Interest Rates
Attractive rates make land acquisition financially viable.
Eligibility Criteria
Age
Applicants should be between 20 to 70 years old.
Income
Both salaried and self-employed individuals with a stable income are eligible.
Credit Score
A good credit history enhances loan approval chances.
