PNB Housing Finance

PNB Housing Finance

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 10.25 % to 12.00  % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 years to 15 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 1.5 %  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about PNB Housing Finance

PNB Housing Finance Limited has a robust network of branches spread across the Country. PNB Housing Finance Limited has been in operations as a Registered HFC since 1988.At PNB Housing, we provide loans against mortgage of existing residential immovable property in our branch locationsPNB Housing Finance Limited is a 28 years old public sector housing finance company. PNB Housing Finance headquartered in New Delhi. Its branches in major cities across India.The PNB Housing Finance Company is promoted by Punjab National Bank and it is registered with state owned bank and regulation authority of india.

 

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

PNBHFR for new customers (loan disbursed) acquired on and after 1st March 2017 as follows:

Sno.

Non Home Loan Product

Floating Rate of Interest

1

Loan against Commercial Property

10.25%-10.75%

2

Loan against Residential Property

10.00%-10.50%

3

Loan against Plot (residential/commercial)

11.50%-12.00%

PNB Housing offers 2 year fixed ROI w.e.f. July 3rd, 2017. 3 year, 5 year & 10 year Fixed Rate Scheme w.e.f. May 26th, 2017:

Sno.

Non Home Loan Product

Fixed for 2 years

Fixed for 3 years

Fixed for 5 years

Fixed for 10 years

1

Loan against Commercial Property

10.25%-10.75%

10.25%-10.75%

10.25%-10.75%

10.50%-11.00%

2

Loan against Residential Property

10.00%-10.50%

10.00%-10.50%

10.00%-10.50%

10.25%-10.75%

3

Loan Against Plot (Residential/ Commercial)

11.25%-11.55%

11.25%-11.55%

11.25%-11.55%

11.75%-12.25%

Existing Loan take over or New Loan

Here are some points:

  • Higher loan amount
  • Flexible repayment facility
  • Lower EMI
  • Longer tenure period
  • Multi-purpose loan facility
  • Loan against both residential and commercial property
  • Speedy loan approval
  • Loan can be applied online
  • Specially designed loan for self-employed individuals

Features of Loan

Features and Benefits of Loan Against Property:

  • Minimum loan amount is Rs 10 lakhs.
  • There is no upper cap on the maximum amount
  • Minimal documentation leading to hassle free processing of the loan.
  • Attractive Interest Rates
  • Maximum tenure is of 15 years

Documents required for PNB Housing Finance Loan against Property

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.