Loan for land purchase is also known as Plot loan.‭ ‬It is a loan which helps borrowers to purchase a plot or land.‭ ‬Many borrowers often get confused between land loans and a‭ ‬home loan rates.‭ ‬A home loan is a loan that facilitates borrowers to purchase an existing house property or construction of a new flat or house.‭ ‬On the other hand,‭ ‬land loans are availed only for the purchase of the land on which construction is planned to be carried out subsequently. Like other loans,‭ ‬‬land loans are also repaid in EMIs‭ (‬Equated Monthly Instalments‭) ‬with the lender charging an interest rate on the principal loan amount secured by the borrower.‭ ‬The borrower is required to pay the plot loan within the stipulated time,‭ ‬failing which the lender has the legal right to confiscate your property to realize the loan amount.

Tax Benefits: A plot loan may not provide any tax benefit when availed on its own. However, if you avail Jeevansh Business Solution Private Limited plot and construction loan, the borrower may enjoy a tax benefit on the construction loan. This means a plot loan provides benefits if availed together with a construction loan. Specific to borrower's need: A plot loan is beneficial to the borrower as it is much specific to his or her needs in comparison to a home loan. Through Jeevansh Business Solution Private Limited land purchase loan, a customer can design and create his own space as per his or her needs. Thus, a plot loan caters to the needs of the borrowers in comparison to an already constructed home.

KYC Documents
Home related documents
Copy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant
Copy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant
Bank Statement for the last 6 months for the Savings Account & Current Account,
Copy of either Shop & Establishment License / VAT Registration or GST registration any other mandatory license / Registration
Copy of the Partnership Deed, Memorandum of Associations, Articles of Association (if applicable)
Copy of Tax Deduction Certificate / Form – 16A (if applicable)
Details of Contract (if applicable)
Copy of Advance Tax paid / Self Assessment Tax paid challan
Copy of Educational Qualification Certificate
Copy of Professional Practice Certificate
Salary Certificate (in case of doctors having salaried income)

Rashan Card
Electricity Bill
Mobile Bill
Land Line Bill
Passport
Mool Niwas Patra
House Tax Slip
Water Bill Gas Bill
Aadhaar Card

Pan Card ( Compulsory )
Aadhaar Card ( Compulsory )