Punjab National Bank Home Loan

Punjab National Bank Home Loan
 4.0 / 5.0   by 5 users
Used this product? Write a review >>

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

Punjab National Bank (PNB) is an Indian financial services company based in New Delhi, India. Founded in 1895, the bank has over 5,800 branches and over 6,000 ATM's across 764 cities. Bank serves over 80 million customers. PNB is the 3rd largest bank in india with assets 4.97 trillion. Punjab National Bank offer many credit schemes to customer like Personal Loan, Two Wheeler Loan, Car Loan, Home Loan, Loan against property


You’re probably eligible for an Punjab National Bank Home Loan if you are

01
02
03
04
Punjab National Bank Home Loan Minimum Age

At least 18 years old

 Punjab National Bank Home Loan Maximum Age

Less than 65 years old

Punjab National Bank Home Loan Eligible Employment Type

Salaried / Self-employed
with regular income

Punjab National Bank Home Loan Minimum Income

Earn more than the minimum
income required


Your Punjab National Bank Home Loan amount eligibility is based on these factors

01
02
03
Punjab National Bank Home Loan Minimum Salary

EMI limited to about 50%
of monthly income

Punjab National Bank Home Loan Maximum Loan to property value

Loan capped @ 75% to 80%
of property value

Punjab National Bank Home Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible Punjab National Bank Home Loan amount by these steps

01
02
03
Punjab National Bank Home Loan Add Spouse as Co-applicant

Make your spouse a co-applicant,
and her income will add
to your eligibility

Punjab National Bank Home Loan Maximum Tenure

Choose longer tenure loan up to 25 years

Punjab National Bank Home Loan Add parents as Co-applicant

Alternatively add your parents


Documentation needed to apply for an Punjab National Bank Home Loan

  • 1. Signed application form with photograph
  • 2. ID and residence proof
  • 3. Processing fee cheque
  • 4. Last 6 months bank statements
  • 5. Documentation for salaried applicants:
    • Last 3 months salary-slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:

    • Education qualification certificate & proof of business existence
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Punjab National Bank Home Loan Interest RatesUpdated on 31 Jul 2014

Punjab National Bank Home Loan Details
Interest Rate (Monthly reducing balance) 10.25% to 10.50%
Loan Tenure 1 year to 25 years
Partial pre-payment Charges Nil
Pre-closure Charges Nil

Home Loans from Top Banks
Home Loans in Top Cities
Home Loan by Bank
Home Loan by City

Punjab National Bank Home Loan Reviews

100 % of our customers would recommend this bank. (5 out of 5) Write Review
Customer Reviews
Page 1 of 1 1
  • Validated User
    (0)

    I had a great experience with the Punjab National Bank Housing loan the processing and the documentation was very quick and it was very simple and the customer service executive Mr Aanupam & Mukarji who took the initiative from the day one till my loan amount got approved. EMI was affordable, the whole process got completed in Three weeks.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from PUNJAB NATIONAL BANK on BankBazaar.com Reviewed on
  • Very Good
    /images/customer_review/default-unknown-person.png
    SUDHAKAR REDDY KOTA, mumbai
    Recommend Recommended by user
    Validated User
    (1)

    The processing and the documentation of housing loan is very quick in Punjab National bank, the customer service executive name Naresh who took the initiative from the day one till my loan amount got approved, and the rate of interest is comparatively less with other banks.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Promised Interest Rate
    Fees & Charges
    Customer Service
    Responsiveness
    took a Home Loan from PUNJAB NATIONAL BANK on BankBazaar.com Reviewed on
  • Validated User
    (7)

    Punjab national bank offered me housing loan 3.5 years ago. They came up with good offers and very less rate of interest. They offered a interest rate of just 8.5% for 3 years whereas other banks offered around 10.5%. Being a government bank the response is quick and equivalent to private banks.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from PUNJAB NATIONAL BANK on BankBazaar.com Reviewed on
  • Validated User
    (2)

    PNB home loan process is very good when compare to other banks and approval process is fast. Advantage is rate of interest is good and response from staffs is very good over there like to refer my friends also overall iam satisfied with service given.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from PUNJAB NATIONAL BANK on BankBazaar.com Reviewed on
  • Good Experience
    /images/customer_review/default-unknown-person.png
    PANKAJ ANIL KARMARKAR, pune
    Recommend Recommended by user
    Validated User
    (4)

    I have my home loan with Punjab national bank. My relationship officer came to collect the documents and I got the approval within 5 days. They quickly responded to my request and provided good service.Their loan processing system is fast and the rates that they provide is very competitive

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from PUNJAB NATIONAL BANK on BankBazaar.com Reviewed on
Customer Reviews
Page 1 of 1 1
Contact Us on Mail
Facebook
Thank you for the feedback.
Make a suggestion or report a bug
  • Like us? Spread the word
  • Broadcast your feedback via Facebook Twitter
  • or Cancel
  • View our privacy policy