Punjab National Bank is a banking and financial service bank owned by the government of India with its headquarters is in New Delhi, India. The bank was founded in 1894 and is the second-largest public sector bank in India, both in terms of business and its network.
Punjab National Bank (PNB) is one of the top banks in India. The bank provides a vast array of financial products to customers. One of them is a home loan. A home loan is the best option available at cheaper interest rates for any individual.
Punjab National Bank offers a wide range of products to its customers to fulfill their dreams. One such product is PNB Home Loan. available for constructing or buying a home and providing a loan amount from Rs.10 lakh up to Rs.1 crore.
| Particulars | Details |
| Interest Rate | 6.80% - 7.75% |
| Loan Amount | 75% - 80% of the property cost |
| Loan Tenure | Upto 30 Years |
| Processing Fee | 0.50% of the transaction amount, or at a maximum of Rs. 50,000 |
| Prepayment Cahrges | NIL |
| Punjab National Bank Home Loan Scheme | Interest Rates | Tenure |
| PNB Housing Loan(For Public) | 6.80% - 7.40% | Upto 30 Years |
| PNB Max Saver | 6.80% Onwards | Upto 30 Years |
| PNB Gen- Next Housing Finance Scheme (For public) | 6.80% Onwards | Upto 30 Years |
| PNB Pride Housing Loan | 6.80% Onwards | Upto 30 Years |
1. PNB Housing Loan (For Public)
PNB Housing Loan for public Scheme is available for the purchase of new house or flat, construction of house or flat, renovation of existing house or flat, purchase of residential flat or plot.
| Eligibility Profiles |
|
| Loan Amount | Upto Rs. 1 Crore |
| Interest Rate | 6.80% - 7.40% |
| Loan Tenure | Upto 30 Years |
| Margin* |
|
2. PNB Max Saver
PNB Max Saver is a housing loan in the form of overdraft. This scheme is availed for all purposes except for the purchase of land / plot.
|
Eligibility Profiles |
|
|
Loan Amount |
Rs. 10 Lakh - Rs. 1 Crore |
|
Interest Rate |
6.80% onwards |
|
Loan Tenure |
Upto 30 Years |
|
Margin* |
Housing Loan up to Rs. 75 lakh – 20% Housing Loan Above Rs. 75 lakh – 25% Purchase of Land/Plot for House Building – 25% |
3. PNB Gen- Next Housing Finance Scheme (For public)
This scheme is availed for home purchase or home construction.
|
Eligibility Profiles |
|
|
Loan Amount |
Minimum Rs. 20 Lakhs |
|
Interest Rate |
6.80% onwards |
|
Loan Tenure |
Upto 30 Years |
|
Margin* |
|
4. PNB Pride Housing Loan (For Government)
PNB Pride Housing Loan is available for the purchase of a new house/ flat/ plot, construction of a new house, renovation or repair of the existing house/ flat.
|
Eligibility Profiles |
|
|
Loan Amount |
Minimum Rs. 10 Lakhs |
|
Interest Rate |
6.80% onwards |
|
Loan Tenure |
Upto 30 Years |
|
Margin* |
|
*Charges such as stamp duty, registration charges, and other documentation charges shall be borne by the borrower and shall not be considered towards margin money. However, such charges may be added to the cost of the house/dwelling unit for the purpose of calculating the LTV ratio in cases where the cost of the house/dwelling unit does not exceed Rs. 10 lakh.
This scheme by Punjab National Bank especially targets the Economically Weaker Sections of the society with a motive that these people get a home to stay. The people that fall under Economically Weaker Sections can undertake this loan to perform activities such as:
Purchase of House or Flat
Construction of House or Flat
Addition of rooms, modifications to be made such as expand the size of the kitchen, and other interiors of the house.
|
Eligibility Profiles |
|
|
Loan Amount |
Maximum upto Rs. 30 Lakhs |
|
Processing Fee |
NIL |
|
Loan Tenure |
Upto 30 Years |
|
Margin* |
|
Before applying for a housing loan from Indusind bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the Punjab National Bank home loan application the salaried individuals and joint owners are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.
|
CRITERIA |
DETAILS |
|
Minimum Age |
18 Years |
|
Maximum Age |
70 Years |
|
Minimum Income |
Rs. 25,000 per month |
|
Nationality |
Indian |
|
Employment type |
Salaried/Self-Employed |
|
ID Proof |
|
|
Address Proof |
|
|
Income Proof |
For Salaried
For Self-employed
|
|
Others |
|
A home loan calculator helps you to know the amount of EMIs that you need to pay towards your Home Loan.
As a home loan can go from 20 - 30 years, so you have to be aware of your monthly installments in advance. For that, you can use the Loan EMI Calculator provided by BankSathi to calculate your monthly EMIs on your Home Loan.
The formula for the same is:
[P x R x (1+R)^N]/[(1+R)^N-1], where
P stands for the ‘Principal Amount’.
R stands for the rate of interest set by the bank.
N is the number of years for which the loan has been taken.
| BANKS | INTEREST RATE |
| AXIS Bank Home Loan | 7.75% to 9.40% |
| SBI Regular Home Loan | 6.95% onwards |
| HDFC Bank Home Loan | 6.95% to 7.50% |
| Kotak Mahindra Bank Home Loan | 7.40% to 9.70% |
| Yes Bank Home Loan | 9.60% to 10.55% |
| Citi Bank Home Loan | 7.34% to 8.29% |
| ICICI Bank Home Loan | 6.95% to 8.05% |
| Standard Chartered Bank Home Loan | Starting at 8.71% |
| IDBI Bank Home Loan | 7.80% to 8.80% |
| RBL Bank Home Loan | 9.75% to 10.05% |
| HSBC Bank Home Loan | 8.55% to 8.655 |
| HSBC Bank Smart Home Loan | 11.005 to 11.505 |
| IndusInd Bank Home Loan | 8.00% to 15.00% |
| Bank of Baroda Home Loan | 6.85% to 7.75% |
| Bank of India Home Loan | 6.85% to 7.755 |
| Canara Bank Home Loan | 6.90% to 8.90% |
| Indian Bank Home Loan | 7.55% to 8.40% |
| Punjab National Bank Home Loan | Starting at 7.00% |
1. Punjab National Bank Car Loan
2. Punjab National Bank Home Loan
3. Punjab National Bank Personal loan
4. Punjab National Bank Gold Loan
Visit Punjab National Bank’s official site.
Under the Enquiries head, select the 'Home loan provisional certificate' option.
Enter your home loan details for which you need the desired information.
After entering the information, the PNB home loan statement opens.
You can either view, print, or can avail PNB home loan statement online download facility.
Contact number : 18001802222 / 18001032222
Email id : [email protected]
To check the status of your home loan, you can contact the bank via their customer care number. You can also personally visit the branch and meet the officer who is in charge of your application to know the status of your loan.
The interest rate provided by Punjab National Bank for home loan starts at 7.00% per annum.
The minimum loan amount provided by Punjab National Bank for home loan is Rs.10 lakh and the maximum loan amount provided by Punjab National Bank for home loan is Rs.1 crore.
The processing fee provided by Punjab National Bank for home loan is 0.35% of the loan amount plus GST.
Yes, Punjab National Bank has a wide network all over India.
Yes, the applicant has to make contribution of 10% of the total cost of the property(particularly for purchasing property including registration charges and stamp duty)
Yes, there is need for some type of security required for the loan. This security is a first charge which is in the form of equitable mortgage to the property that is to be financed.
Last Updated on : 17/Mar/2021Know More About
You're eligible for a Punjab National Bank Home Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Punjab National Bank Home Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 7% - 0% |
| Processing Fees | 0.35% of the loan amount plus GST |
| Loan Tenure | 1 year to 30 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Home Loans EMI Calculator