The eligibility for plot loans will differ from one lender to another. For Indian residents, land loans are available to both salaried as well as self-employed individuals with a good Credit Score. The only catch when applying for a land loan is to make sure the plot of land that you are seeking to purchase is a residential plot and not an agricultural or commercial land and comes within the corporation/municipality limits. For resident Indians, land loans are available in both cases whether you are looking to construct a residential home on the plot or simply buy it as a future investment.
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