Plot Loan EMI Calculator

Plot Loan EMI Calculator is a comprehensive tool designed to help individuals calculate their monthly EMI (Equated Monthly Installment) for plot loans across various banks in India. Whether you're planning to purchase a residential plot through SBI, HDFC, ICICI, PNB, IDBI, BOB, Union Bank, Indian Bank, Axis Bank, or LIC Housing Finance, this calculator provides accurate estimates for your loan repayment planning.

Key Features

• Support for multiple banks including SBI, HDFC, ICICI, PNB, IDBI, BOB, Union Bank, Indian Bank, Axis Bank, and LIC Housing Finance
• Calculate monthly EMI based on loan amount, interest rate, and loan tenure
• Salary-based eligibility calculator to determine maximum loan amount based on your income
• Detailed payment schedule showing principal, interest, and remaining balance for each month
• Excel export functionality for payment schedules and financial planning
• Support for salary account holders with preferential rates and higher eligibility
• Flexible loan terms up to 30 years
• Instant results with comprehensive breakdown of total interest and total payment

How to Use This Calculator

• EMI Calculator: Select your bank (optional), enter loan amount, interest rate, and loan term to calculate monthly EMI. The calculator automatically suggests default interest rates based on your selected bank. You can adjust the interest rate manually if needed. View detailed payment schedules and export to Excel for financial planning.
• Salary-Based Calculator: Enter your monthly salary, select your bank, and loan details to determine your maximum eligible loan amount. This is especially useful for salary account holders who may get preferential rates and higher eligibility limits. The calculator considers existing EMIs and provides debt-to-income ratio analysis.
• All payment schedules can be exported to Excel format for detailed financial planning and record-keeping
• View complete amortization schedules with all payment details including principal, interest, and remaining balance

Bank-Specific Information

Different banks offer varying interest rates and eligibility criteria for plot loans. This calculator supports major banks in India:

• SBI (State Bank of India): Competitive rates starting from 8.75% p.a., special benefits for salary account holders
• HDFC Bank: Flexible repayment options with rates around 8.85% p.a.
• ICICI Bank: Quick processing with competitive rates around 8.75% p.a.
• PNB (Punjab National Bank): Attractive rates starting from 8.65% p.a.
• IDBI Bank: Competitive rates around 8.70% p.a.
• BOB (Bank of Baroda): Flexible terms with rates around 8.60% p.a.
• Union Bank of India: Competitive rates around 8.65% p.a.
• Indian Bank: Attractive rates around 8.70% p.a.
• Axis Bank: Competitive rates around 8.80% p.a.
• LIC Housing Finance: Specialized housing finance with rates around 8.75% p.a.

Eligibility Criteria

While eligibility criteria vary by bank, common requirements include:

• Indian citizens aged 18-70 years
• Minimum monthly income requirements (typically ₹25,000-50,000 depending on bank)
• Good credit history and repayment capacity
• Property should be in approved residential areas
• Clear title and legal documentation for the plot
• Salary account holders may get preferential rates and higher eligibility (up to 50% of income vs 40% for regular accounts)

Note: Interest rates and eligibility criteria may vary and are subject to change. Please contact your bank for the most current rates and terms. This calculator provides estimates for planning purposes only. Actual loan terms and conditions are subject to bank approval and may differ based on individual credit profiles and property requirements.