PNB Home Loan: Get Instant quotes on December interest rates ✔ Documents ✔ Eligibility ✔ Low EMI of Rs.815 per lakh, Application form. Punjab National Bank Offers Best rates for housing Loans in India under Regular and Flexible housing schemes.
PNB Home Loan Details
|floating Interest Rates||9.20%|
|Floating (PNB PRIDE #)||9.15%|
|Fixed Interest Rates||9.65%|
|Overdraft for HL borrowers||9.75%|
|Min Loan Amount||2 Lakh|
|Max Loan Amount||50 Crore|
|Min. Salary||12500 P.M.|
|Pre Payment Charges||Nil|
|EMI Per lakh||Rs 815|
Latest Update: PNB Pride Housing Loan For Government Employees @ interest rates of 9.15% or similar to MCLR Rates for 1 Year. Eligibility for permanent Employees of Central / State Governments/ Defence Personnel & Paramilitary Forces – Individuals or Joint owners. Processing Charges & Documentation charges are NIL under PRIDE Scheme.
Why to Apply for Home Loans with PNB Bank
✔ 4.22% Market Share in Home Loan Segment, 7th Largest Lender.
✔ 6600+ Branches, 9 crore + Customers
✔ Most profitable bank in Public Sector Banks.
✔ Best Bank in India’s Young Survey
✔ Floating and Fixed INTEREST RATES available
✔ Longest Repayment period of upto 30 years
PNB Home Loan MCLR Rates December 2016:
|Tenure||Rate of Interest (%)|
Eligibility for PNB Home Loan:
✔ All Individuals who have regular source of Income with proof. Income of spouse/children/parents can also be added.
How Much maximum Loan Amount for home loan you get from PNB:
✔ For construction/purchase of house/flat:- Need based.
✔ For carrying out repairs/ renovations/ additions/ alterations: – Maximum of Rs. 25 lacs.
✔ For furnishing of house – Maximum Rs. 5 Lacs
✔ For purchase of Land/ Plot – Maximum Rs. 50 Lacs
Processing Fees*– For Rs.300 lac- 0.50% of loan amount Maximum Rs.20000/- For above – Rs.50000/-
Documentation Charges – Rs.1350/-
Margin: Construction/ purchase/ repairs/ renovations/ additions/ alterations –
✔ For Loans upto Rs.75 lac – 20%
✔ For Loans above Rs.75 lac – 25%
✔ Land/ Plot – 40%
PNB Home Loan Application Form
Borrowers can download all PNB Housing and Non Housing Loan Application forms for Individuals, Joint home loans at one click.
Application Form For Housing Loan For Individual
Most Important Terms & Conditions (MITC)
Home Loan Agreement booklet
Non – Home Loan Agreement Booklet
Other available products of PNB in India:
PNB Official Website
PNB bank says
1) no processing or lagal fee.. as soon as loan sanction they ask for advocate fee which is the same we pay in the name of legal and technical (processing fee).
2) search report done by advocates have many mistakes... wrong name mentioned and other which means documentation is not accurate or proper.
3) they challenge their rate of interest is the lowest in the market.. sounds funny but it is fact and tells other banks are hidden cost etc. which they themselves do as mentioned in step 1.
4) read terms and condition carefully... it is mentioned if customer borrow loan from other financial institutions they 2% additional ROI has to be paid which means for loan transfer which is free elsewhere.
do not go with PNB its sounds risky by my own experience. I have moved to some other bank.
and if you decide later not to take loan from PNB branch manger call and send messages sometime threaten that they will find numbers and take actions etc. for what cause customer do not opt for loan from pnb?
Great service , loan sanctioned within 15 days.