Land loans can be funded only for properties that are approved by the competent authorities. If construction is not carried out within 3 years, the Land loan will be converted to Non Housing Loan at the then prevailing rates.

Maximum loan Amount :

75% of the cost of the land, this is however subject to valuation of the property and repayment capacity as assessed by Sundaram BNP Paribas Home Finance Limited. In case of appraised income, 60% of the value of land will be considered.

Maximum term of loan :

Salaried & NRI

10 years or retirement age, whichever is earlier for all salaried categories of customers

Self Employed Category

10 years or 65 years, whichever is earlier