Regarding land loan vs home loan, home loans can be used for ready properties, under-construction properties, or self-construction. Land loans, however, are only given to purchase residential land. Loan-to-Value (LTV) or Loan-to-Cost (LCR) ratio for home loans is around 75-90%, while for land loans, it is capped at 75-80%. Home loans can be taken for 30 years, whereas a bank loan for land purchase is for 15 years. Tax benefits are available for home loans on both principal repayment and interest payment but not for land loans unless a house is constructed on the plot. Whether considering a plot loan vs home loan, both options offer their unique benefits and considerations.