A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 5 PNBHFL Plot Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.6% - 8.95% Floating
    Up to 0.5% (min. ₹5900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.6% - 8.95% FIXED:3 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Value Adds
    8.6% - 8.95% FIXED:5 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.0% - 9.25% FIXED:10 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.50% - 10.25% FIXED:2 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    PNBHFL Plot Loan is Rated as "Great!" by 643 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    PNBHFL Plot Loan

    Overview of PNB Plot Loans:

    Registered with National Housing bank, PNB Housing Finance Limited (PNBHFL) is a subsidiary of Punjab National Bank (PNB). Incorporated under the Companies Act in the year 1956, it started its operations in 1988. PNBFHL has specialized experience in the field of housing finance for over 25 years. The company boasts of a widespread network across the country, and is trusted by millions.

    Plot loans are different from home loans because the latter provides borrowers with financial assistance for purchasing a house or a flat. The house or flat could either be a pre-existing one or can be constructed newly. Plot loans, on the other hand, funds you to buy a plot/piece of land. Owning a plot/piece of land gives you the freedom to construct a house on it completely to cater to your taste, preferences and needs. Hence, plot loans are availed for the purchase of the land on which construction, of your residence, has to be carried out subsequently.

    PNBHFL offers plot loans to customers for construction of residential property (on the plot for which the loan is availed) in an urban area. The loan is offered at affordable rates of interest, and has multiple benefits to serve the purpose of making plot loans easily accessible for customers.

    Features and Benefits:

    The lucrative features and benefits offered by PNBHFL on its plot loans have been listed below -

    • The loan can be availed only for construction of residential property on the plot, in an urban area.
    • The company provides a range of repayment options, for customers availing plot loans, to suit their needs.
    • Quick approval and disbursal of the loan. The company also provides door step service for the same to ensure maximum convenience for customers.
    • The widespread branch network makes availing the loan very easily accessible to customers.
    • Impeccable post loan disbursal services.
    • In case there is a rise or escalation in the cost of the plot, the company provides the option of enhancement in loan amount.
    • Transparent, authentic and impeccable customer service.
    • The quantum of loan provided is as follows -

    Loan Amount

    Maximum Funding

    Up to Rs. 20 lakhs

    90% of the market value

    Rs. 20 - 75 lakhs

    80% of the market value

    above Rs.75 lakhs

    75% of the market value

    Eligibility:

    The eligibility criteria for availing plot loans from PNBHFL are as follows -

    • The applicant should not be more than 70 years old, at the time of loan maturity. This age limit is applicable only for salaried individuals.
    • If the applicant is self-employed/non-professional, the he should not be over 65 years of age at the time of loan maturity.

    Documentation:

    The standard documents required for availing plot loans from PNBHFL are -

    • Valid identity proof issued by the government - passport, aadhar card, voter ID card, driving license, PAN card
    • Address/residence proof - telephone bill, electricity bill, ration card, etc.
    • Educational qualification certificates.
    • Passport size photographs of primary applicant and co-applicants.
    • Proof of income - salary slips of last 3 months, bank statements of last 6 months (for salaried individuals) and last 12 months (for self-employed individuals), form 16/IT returns.
    • Processing fee cheque issued in the name of PNB Housing Finance Limited.

    Frequently Asked Questions (FAQs):

    1. How do I apply for PNBHFL plot loans?

      Visit the nearest PNBHFL branch and obtain a plot loan application form. After filling the form duly, and furnishing it with the required documents and processing fee cheque, submit at any PNBHFL branch. You can also visit the company’s official portal and click on ‘contact us for residential plot loan’, and fill in your basic details (as required). Thereafter, the company officials shall contact you, and guide you through the process of availing the loan.

    2. What are the procedures to repay my PNBHFL plot loan?

      To ensure enhanced convenience of customers, PNBHFL offers many modes of repaying loans. Customers can issue standing instructions to ensure the payment of the installments via ECS (Electronic Clearing System). Some borrowers choose the mode of direct deduction of monthly installments (by the bank). The same can also be done by issuing post-dated cheques from the borrower’s bank account.

    3. What is pre-EMI and EMI? Is there any difference between the two?

      Borrowers repay loans through Equated Monthly Instalments (EMI). This amount includes the principal, and also the interest component. Repayments in the form of EMI starts from the month subsequent to the month of final disbursement of the loan. Pre-EMI Interest is the simple interest, payable every month till the time loan amount is not fully disbursed.

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  • PNBHFL Plot Loan Reviews

    • Punjab National Bank Home Loan
      "Be consistent in the details"
      0.5 1.0/5 "Really Bad"
      PNB housing finance was not a good one for me, though they were okay in the process. They have charged me 100% of the processing fees when I was supposed t be charged only 50%. I had to pay more than 11k. They need to be consistent in the whole process.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 23, 2017
    • Punjab National Bank Home Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      PNB housing finance was very much cooperative and they collected my documents and processed my papers. The disbursement also happened as earlier as possible. The interest rate and processing charges is normal and the overall experience is perfect.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 23, 2017
    • Punjab National Bank Home Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      It was an very good service from PNB ,during my loan process the representatives of PNB was very helpful and very responsible representatives . But I was little busy with my personal issue ,even with a interest rate it was fine so I can say overall it was a excellent service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 23, 2017
    • Punjab National Bank Home Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      The loan amount which PNB housing finance offered me was not sufficient. So I cancelled my plans in taking the home loan. Else the customer services and response was good. They contacted me and informed me the details. I was fine with the interest rate and charges. Overall I can say it was excellent service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 23, 2017
    • Punjab National Bank Home Loan
      "AVERAGE SERVICE"
      0.5 2.0/5 "Expected more"
      I had some personal issues for cancelling my loan process ,interest rate was also very high than the market value. Customer service and representatives where very helpful during the process so overall I can say it was an average service from PNB .
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 23, 2017
    • Punjab National Bank Home Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I can the service was very good from PNB ,representatives where also very good and helpful during the loan process . But I had some personal issues so that was the main reason for postponing my loan process .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 22, 2017
    • Punjab National Bank Home Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      PNB housing finance was overall good in the process for the home loan. The customer support was good, they contacted me on time and informed me the necessary details about the documentation. After which the process was quick and I got the disbursement as well as expected. The interest rate and charges were normal. It was around 8%.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Sep 22, 2017
    • Punjab National Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      Kind of good experience i had with the PNB HOUSING FINANCE LIMITED was good . the service that they provided me with was good to . the customer representative contacted me in the correct time and delivered the information to me . i applied in SBI because they were giving me a good rate of interest and also the with a minimal fees and charges so i went through SBI .
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      PNB housing finance was very nice and hassle free. The documents was collected on time and I got the home loan sanction in one week and the disbursal was delayed because of my personal work. I kept it on hold for sometime. The interest rate was of 8.5% which is fixed for the first year and after which it is floating. The processing charges was very high. It was of 11500. They need to lower the or have a zero fee like the other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Fulfilled my dream with PNB"
      0.5 2.5/5 "Just OK"
      PNB HOUSING FINANCE gave colors to my dream. This was my first approach for a home loan and i got the approval. Though the process taken took almost 40 days the final result made me happy. The disbursed loan amount is 13 lakhs with 8.50% rate of interest.The monthly EMI is 13400 for 15 year with a processing fees of 8500.
      Was this review helpful? 0
      , jalandhar
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Good response"
      0.5 4.0/5 "Great!"
      I took the home loan at 2010 from PNB Housing, at the time their rates was nominal. I took the amount of Rs. 12 lakhs for the tenure of 20 years. PNB Housing gave floating rate recently also they have reversed my interest rate as per the government norms.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      I was not at all happy with the experience and the services i had with the PNB HOUSING FINANCE LIMITED .As i applied for the home loan in the PNB finance documentation process was not in clear way,also it was not really endure and the rate of interest was high for that is the reason i did not go a head with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Good one"
      0.5 4.0/5 "Great!"
      IT was a good experience i had with the PNB HOUSING FINANCE LIMITED for my home loan process .That PNB housing finance was good with the customer service end and everything information was delivered to me in a proper way . the PNB housing finance was giving me a rate of interest of 8.65% and also the processing fee was quite a high then the other bank . after that i changed my plan so didn't opt for the loan .
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am really happy with the experience i had with PNB HOUSING FINANCE LIMITED while my loan process . the reaching out to the customer from the PNB housing finance side was done in proper appropriate and a descent manner . the PNB executive call me and delivered full information about the loan . they were providing me rate of interest of 8.50% and also lesser processing fee . there is some legal issue going on with the property so i postponed the plan for few month .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Hassle Free experience"
      0.5 4.0/5 "Great!"
      I don't want to do anything on PNB home loan process, they have taken complete initiative. Whatever query I had everything got resolved, my end loan process got delay to get the document from builder. But they have done everything on time and with good interest rate.
      Was this review helpful? 0
      , dehradun
      Reviewed on Sep 20, 2017
    • Punjab National Bank Home Loan
      "Should be transparent in their loan process"
      0.5 4.0/5 "Great!"
      PNB housing loan service is good, but they have told me insurance amount was Rs. 1 lakh, when I got loan letter they have taken Rs.2 lakhs from the disbursement. Loan process was quick but they were not transparent in their process. They should communicate the process to the customer.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 20, 2017
    • Punjab National Bank Home Loan
      "User friendly"
      0.5 4.0/5 "Great!"
      Basically I got good response from PNB Housing and within couple of days I got the disbursement amount with 8.5% of interest for the loan amount of Rs. 44 lakhs, I purchased the apartment, based on the construction they have disbursement the amount.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 20, 2017
    • Punjab National Bank Home Loan
      "Interest rate should be nominal as per the market"
      0.5 4.0/5 "Great!"
      I got good response from PNB housing, but they offered me 8.50% of interest it was high as per the market, because other are offering around 8.35% . It would be great if they reduced the interest rate. However I am very fine with PNB housing Loan procedure
      Was this review helpful? 0
      , noida
      Reviewed on Sep 20, 2017
    • Punjab National Bank Home Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      A very good experience with PNB housing finance for the home loan and the customer services are good. They done a great job and the process is excellent. The document collected was also as promised. The interest rate and processing charges are normal and the after loan services are perfect.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 20, 2017
    • Punjab National Bank Home Loan
      "Good Experience"
      0.5 4.5/5 "Excellent!"
      PNB housing executive are cooperative they guided me on home loan process, they are very fast. Person from PNB housing came and collected the documents done the process. PNB interest rate is fine also, entirely I am very fine with their application procedure
      Was this review helpful? 0
      , indore
      Reviewed on Sep 20, 2017
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