Home Loan Pmc-bank

Apply online for PMC Bank home loans, Compare Documents, Eligibility and Interest Rates of Punjab and Maharashtra Co-op Bank Ltd.

Purpose

Purchase of residential accommodation like flats, bungalows, row houses, etc.
Construction of flat / house, bungalows, etc.
Addition / alteration to the existing residential accommodation.

Loan amount - Maximum upto Rs. 70 Lakh per beneficiary of a dwelling unit.

Eligibility amount lowest of the following:

75% of Agreement value+ Stamp Duty + Registration Fees
or
80% of market value
or
Amount as per income eligibility

Banks	State Bank Of India (SBI)	HDFC Bank	AXIS Bank	ICICI Bank
Rate of Interest	7.25%–9.05%	7.75%–13.20%	8.00%–8.85%	8.50%–9.80%
Processing Fee	Nil till 31.04.2023	3000 + Tax (Salaried), 5000 + Tax (S. Employed)	Up to 1% of the Loan amount subject to minimum of Rs.10,000/-	2999+GST for CIBIL Score above 710, .50% + GST for Score below 710.50% + GST for Score below 700
Prepayment Charges	No Prepayment or foreclosure Charges	3000 + Tax (Salaried), 5000 + Tax (S. Employed)	Up to 1% of the Loan amount subject to minimum of Rs.10,000/-	3000 + Tax

Eligibility Criteria

Eligibility Criteria for Home Loan in Pmc-bank

The borrower's eligibility of getting a housing loan depend upon his/her repayment capacity & the banks establish this repayment capacity by considering various factors such income, spouse's income, age, number of dependants qualifications , assets, liabilities, stability and continuity of occupation and savings history. Calculate your Eligibility for Home loan
Your Home Loan eligibility is determined by your repayment capacity, taking into consideration, factors such as: Your:
• Income
• Qualifications
• Age
• Spouse's income
• No. of dependants
• Stability and continuity of occupation
• Assets/LiabilitiesM.
• Savings history.
The most important concern of banks in determining your loan eligibility is that whether or not you are contentedly able to pay off the amount you borrow.

List of Home Loans Banks

State Bank of India(SBI)

HDFC Ltd

LIC Housing Finance

ICICI Bank

Axis Bank

State Bank of India(SBI)	HDFC Ltd	LIC Housing Finance	ICICI Bank	Axis Bank
Fedbank	PNB Housing	ING Vysya	Kotak Bank	DHFL
Bank of Baroda	Bank of India	Union Bank of India	United Bank of India	Punjab National Bank
Standard Chartered	IndusInd Bank	IDBI Housing Finance	Andhra Bank	Citibank
Canara Bank	Indian Bank	Vijaya Bank	Corporation Bank	IDBI Bank

Documents required
for Home Loan

Documents required for Home
Loan in Pmc-bank

Generally the documents required to processing your loan application are almost similar across all the banks; however they may differ with various banks

Generally the documents required to processing your loan application are almost similar across all the banks; however they may differ with various banks depending upon specific requirement etc. Following documents are required by financial institutions to process the loan application:
· Age Proof
· Address Proof
· Income Proof of the applicant & co-applicant
· Last 6 months bank A/C statement
· Passport size photograph of the applicant & co-applicant

Salaried	Self Employed
· Employment certificate from the employer, · Copies of pay slips for last few months and TDS certificate · Latest Form 16 issued by employer Bank statements	· Copy of audited financial statements for the last 2 years · Copy of partnership deed if it is a partnership firm or copy of memorandum of association and articles of association if it is a company · Profit and loss account for the last few years · Income tax assessment order

Eligibility Criteria

Eligibility Criteria for Home Loan in Pmc-bank

Calculate your Eligibility & EMI with Home loan calculator – Click here to calculate

Period - Ranging from 60 Months to 240 Months

PMC Bank Home Loan Interest Rates 2024

Fixed option	Floating option
NA	NA

Borrower will be rated on the basis of credit rating parameters set by the bank while issuig initial sanction.

Pre-payment Charges

For Housling Loan at FLOATING Rate of Interest
No Pre-payment Penalty on Foreclosure
For Housing Loan at FIXED rate of interest
1. For Foreclosure through own sources: -No pre –payment Penalty.
2. For Foreclosure through takeover:- Pre-payment Penalty @2% of outstanding Loan amount if prepaid within 2 years of disbursement

Compare Top Banks Home Loan Interest Rates

SBI Home Loan	HDFC Ltd Home Loan	Bank of Baroda Home Loan
ICICI Home Loan	Axis Bank Home Loan	PNB Housing Finance
DHFL Home Loan	LIC Home Loan	Bajaj Finserv Home Loan

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Top Home Loan Banks

Home Loan Rates 2026

IDBI	7.35%–11.95%
AXIS Bank	8.00%–8.85%
LIC Housing	7.15% onwards
HDFC Bank	7.75%–13.20%
ICICI Bank	8.50%–9.80%
Bank of India	7.10% onwards
Bank of Baroda	7.20% onwards
Canara Bank	7.15%–10.00%
HSBC Bank	7.45% onwards
State Bank Of India (SBI)	7.25%–9.05%
Indian Bank	NA
GIC Housing Finance	8.45%