Land Loan

Land Loan

Land loans also known as plot loans are a type of loan which helps borrowers to purchase a plot or land.‭ ‬Many borrowers often get confused between land loan and house loan. It is important to know the difference because the implications will be different for both types of loans. Land loans typically have lower interest rates than house loans, but they may require more collateral to secure them.

Land loans are a popular form of financing for individuals who have the necessary qualifications to qualify for them. The amount of money you can borrow depends on what type of land loan you access. Tax Benefits: A plot loan may not provide any tax benefit when availed on its own. However, if you avail Finsafe Advisors Pvt Ltd plot and construction loan.

Documents Required For Applicant

• 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)

Documents Valid As Address Proof

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

Documents Valid As ID Proof

• Pan Card ( Compulsory )
• Aadhaar Card ( Compulsory )