Home loan by need
Plot Purchase Loan EMI Calculator.
A plot loan finances land purchase alone — higher rate, shorter tenure, and different tax treatment than a home loan.
- Principal amount
- ₹25,00,000
- Total interest
- ₹21,99,080
- Total amount
- ₹46,99,080
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹79,158 | ₹2,34,114 | ₹24,20,840 |
| 2 | ₹87,016 | ₹2,26,256 | ₹23,33,824 |
| 3 | ₹95,653 | ₹2,17,619 | ₹22,38,171 |
| 4 | ₹1,05,145 | ₹2,08,127 | ₹21,33,026 |
| 5 | ₹1,15,582 | ₹1,97,690 | ₹20,17,444 |
| 6 | ₹1,27,053 | ₹1,86,219 | ₹18,90,392 |
| 7 | ₹1,39,661 | ₹1,73,611 | ₹17,50,730 |
| 8 | ₹1,53,523 | ₹1,59,749 | ₹15,97,207 |
| 9 | ₹1,68,760 | ₹1,44,512 | ₹14,28,447 |
| 10 | ₹1,85,510 | ₹1,27,762 | ₹12,42,938 |
| 11 | ₹2,03,919 | ₹1,09,353 | ₹10,39,018 |
| 12 | ₹2,24,159 | ₹89,113 | ₹8,14,859 |
| 13 | ₹2,46,406 | ₹66,866 | ₹5,68,453 |
| 14 | ₹2,70,863 | ₹42,409 | ₹2,97,592 |
| 15 | ₹2,97,594 | ₹15,527 | ₹0 |
Frequently asked questions
How is a plot loan different from a home loan?
A plot loan finances only the purchase of land, while a home loan finances buying or constructing a residential property. Plot loans carry higher rates (typically 8.5-11% vs. 7.5-9% for home loans), shorter tenures (up to 15-20 years vs. 30), and tax benefits only start once construction begins — unlike a home loan's immediate tax benefits.
Can I get a combined loan for plot purchase and construction?
Yes — a composite loan combines plot purchase and construction financing into one product, typically offering a better LTV (80-85%), a longer tenure (up to 30 years), and immediate tax benefits, making it a better option than taking separate plot and construction loans if you plan to build soon after buying.