Plot Purchase Loan FAQs | Mahindra Home Finance

FREQUENTLY ASKED QUESTIONS (FAQs):

A plot loan is a type of financing provided to individuals for purchasing non-agricultural residential land. Unlike home loans, which are used for property construction, plot loans are specifically designed for buying a piece of land where you can build a house in the future.

No, our plot loans are only for non-agricultural residential land purchases.

You can choose a loan tenure of up to 15 years, based on your eligibility.

Yes, but you will need a separate home construction loan after purchasing the plot

Important Notice: Digital Receipts for Cash Payments | Effective 1 August 2026, Mahindra Home Finance will discontinue issuing physical receipts for cash payments. Receipt confirmations will be sent digitally to your registered mobile number. To update your mobile number or for any assistance, please call our customer care 1800 233 5333 (Toll Free).