Plot Loan For Self Employed

Plot And Construction Loan For Self Employed

Building Your Dreams, Your Way

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Salaried Self-Employed

Overview

Meet Kavita, who wanted a home built like her dreams. With ICICI HFC's Plot + Construction Loan, she had the financial support to buy the land and construct her dream home.

How It Works: Simple as 1-2-3!

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Select Your Plot

Kavita chose the perfect plot to build her dream home, aligning with her vision.

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Customise Your Construction

With ICICI HFC's flexible terms, Kavita tailored the construction plan to match her dream home's unique requirements.

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Fulfill Your Dreams

Kavita's dream home became a reality as ICICI HFC's Plot + Construction Loan provided the financial foundation.

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Select Your Plot

Kavita chose the perfect plot to build her dream home, aligning with her vision.

2

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economic

Customise Your Construction

With ICICI HFC's flexible terms, Kavita tailored the construction plan to match her dream home's unique requirements.

3

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economic

Fulfill Your Dreams

Kavita's dream home became a reality as ICICI HFC's Plot + Construction Loan provided the financial foundation.

Why Plot + Construction Loan Works for Kavita ?

Personalised Construction

Kavita experienced the freedom to customise her home, ensuring every brick resonated with her vision.

See it happen

Kavita's dreams unfolded brick by brick, creating a home with her aspirations.

Result

Kavita's dream home is now a reflecting of her dreams and ICICI HFC's support.

Like Kavita, build your dream home with ICICI HFC and build your own dream home today!

Contact now!

Just keep the following documents ready…

Identity and Residence proof (KYC) documents

  • PAN Card / Copy of Form 60
  • Aadhar Card / Valid Driving Licence / Valid Passport / Utility bill in your name (Electricity / Broadband / Water, etc)

Income documents

Submit the 3 documents as mentioned below

  • Income Tax Returns with income computation for the last 2 Assessment Years (attested by a CA)
  • Last 2 years’ Balance Sheet and Profit & Loss A/c Statements (attested by a CA)
  • Last 12 months' Current A/c Statements (business entity and individual)

Property documents

We specialise in financing a wide range of properties. However, we understand that each property is unique, and so are the documents required.

 

Don't worry, though; we've simplified the process for you! Walk into our nearest branch to meet our friendly experts who will guide you through the exact documentation needed based on your chosen property.

Wish to increase your loan eligibility amount?

You can increase your home loan eligibility by adding an earning co-applicant.

  •  You can add your spouse or your parents as co-applicants.
  •  You can add more than one co-applicant.

 

See Your Dream Unfold

Use our calculator to find out the home loan amount and EMI.

Charges for Plot Loan for Self Employed

You have a right to know exactly how much you will need to pay for your plot loan and when. You can find below the list of charges and rates applicable. We make it a point to be transparent about how our plot loan works, so you can rest easy with the support of the local experts who sit out of our branches. 

Charges Rates*
Login Fee (for KYC checks and other documents) ₹ 5,000*
Processing/ Administrative Fees (Charged at the time of sanction) 1.00% + AT or ₹ 11,000 + AT (whichever is higher)

* The above amounts & percentages are exclusive of applicable taxes and other statutory levies, if any such amounts shall include all amounts prepaid during the given financial year.

# Goods and Services Tax (GST) and other government taxes, levies, etc. applicable as per the prevailing rate will be charged over and above these charges.

Disclaimer: 

  • The rates, fees, as stated hereinabove, are subject to changes/ revision from time to time at the sole discretion of ICICI Home Finance Company. 
  • The floating interest rate on ICICI Home Finance is linked to the ICICI Home Finance Company Prime Lending rate (IHPLR). 

FAQ's

ICICI HFC offers plot loans of up to 1 crore.

Even before laying the foundation of your dream house, you have to invest in the land on which you will build your house. A plot loan is the financial backing that you can get from ICICI HFC for acquiring a piece of land on which you can construct your home.

Home loans from ICICI HFC are to finance investment in the properties that are built on a plot of land, be it under-construction or ready-for-possession, a single house or a multi-unit property. But a plot loan is to invest in the vacant plot of land on which you can build your home the way you need to. 

No, you cannot take a plot loan and a home loan for the same plot of land or for the same property. 

No, plot loans do not offer tax benefits. However, home loans do.

The land loan or plot loan can be financed only within municipal limits of pre-specified locations or, in cases of direct allotment by the concerned development authority, outside municipal limits. 

At ICICI HFC the tenure of your plot loan can be up to 25 years. However, the tenure cannot exceed the retirement age of the customer.

You can apply for a plot loan from ICICI HFC once you have chosen the plot of land on which you want your home to be built. The loan can help you with financing the investment in this plot of land. 

In case you have already availed of a plot loan from any other financial institution and are looking to shift to ICICI HFC, we offer the option of transferring the remaining principal of your loan to us.

In order to avail of a plot loan from ICICI HFC, you must provide a written undertaking that states that the construction of your home will be completed within 3 years.

 

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