Punjab and Sind Bank Home Loan – Get details on latest interest Rates, Eligibility, EMI and documents of PSB bank in India. Calculate EMI for loan with calculator online.
Individuals, Group of individuals, and individual members of housing societies are eligible under the scheme
18 years to 65 years, subject to age for repayment
Interest Rates of Punjab & Sind Bank on Home Loans 2014:
Rate of Interest (p.a.)
Upto Rs.30.00 lacs
Above Rs.30.00 lacs & upto Rs.75.00 lacs
Above Rs.75.00 lacs
Festival Bonanza Scheme: (Upto 31.03.2014) – For Fresh Loans & takeover cases
Quantum of Finance
For construction of house or purchase of house/ flat/ Plot: Need based finance, with no Maximum limit
For repairs / renovation / additions / alterations: Maximum Rs. 20.00 lac.
Processing fee you have to pay on Housing Loan:
Loans upto Rs. 25 Lac : 0.15% on the loan amount, subject to minimum of Rs. 1000/- and maximum of Rs. 3000/-
Loans > Rs. 25 Lac < Rs. 50 lac : 0.25% subject to maximum of Rs. 10000/-
Loans > Rs. 50 Lac < Rs. 75 lac : 0.25% subject to maximum of Rs. 15000/-
Loans = Rs. 75 Lac & above : 0.25%
A. Maximum upto 30 years
Purchase of built up house
In case of construction of house
In case of members of Co-operative Housing Societies/ Builders flat/ apartment
B. Maximum upto 15 years
In case of Loan for Extension/ Repairs/ Renovation of House
In case of purchase / acquisition of plot
Prepayment Charges: NIL
In case of Co-borrower: Third Party Guarantee may be waived.
In all other cases: guarantee of spouse or Major son may be obtained, if available
In cases, where sale deed/ lease deed/conveyance deed is to be registered after a considerable gap like in cases of Installment/construction linked plan e.g. Authority/ Society/ Builder’s flats/plots: Guarantee of earning spouse/ major son or suitable third party guarantee must be obtained.
Disclaimer: Information is sourced from respective Banks websites. We don't provide Loans on our own but ensures your information is sent to bank/agent which you have opted for and we do not charge any fee from our customers. We don't do short term loans. Deal4loans has no sales team on its own and we just help you to compare loans .All loans are on discretion of the associated Banks/Agents.Read More