Plot Loan - Eligibility, Documentation, & it's Procedure | RSP LIC Housing Loan
Plot Loan - Eligibility, Documentation, & it's Procedure RSP LIC Housing Finance Limited (RSP LIC HFL) provides loans specifically for purchasing residential plots. These loans facilitate individuals in acquiring land where they intend to build their homes. Eligibility: Eligibility criteria for plot loans include: Stable income and employment. Good credit history and score. Age of the applicant. Loan Amount and Tenure: The loan amount can cover up to a significant percentage of the plot's value. Loan tenure generally extends up to 15 years. Interest Rates: RSP LIC HFL offers competitive interest rates, which can be fixed or floating. The applicable rate depends on various factors like the loan amount and tenure. Processing Fees and Charges: Processing fees are applicable and are a percentage of the loan amount. Additional charges may include administrative and legal fees. Documentation: Required documents include: Proof of identity and residence. Income proof (salary slips...