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. ₹5,900) 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. ₹5,900) 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. ₹5,900) 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. ₹5,900) 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. ₹5,900) 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 771 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.

    PNBHFL Plot Loan Reviews

    • Punjab National Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The customer service was real good from the PNB Housing Finance . I meet the bank executive personally for the loan process and they gave me the information I required for . The rate of interest was about 8.35% which was good but the processing fee was about rs 5,000 every thing was good only , the builder helped me for the loan process from some other bank therefore I did not take the loan .
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 21, 2017
    • Punjab National Bank Home Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      Good customer service was done good from the PNB side it was I can say a good experience . The rate of interest provided from the bank side was good and even the processing fee . I work in oriental bank so I took a loan from that bank it was easy for me to opt that loan .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 21, 2017
    • Punjab National Bank Home Loan
      "Rate of interest needs to be reduced without extra fee"
      0.5 4.0/5 "Great!"
      PNB housing finance has offered me a floating interest rate on the home loan. But when ever RBI reduces the rate of interest, this institution does not reduce my rate and if I want the dropped rates I need to pay an extra fee for it. It has not been a good experience.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • Punjab National Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The housing loan was good with PNB HOUSING FINANCE LIMITED was good. The customer support support gave good response . The rate of interest is nominal with PNB HOUSING FINANCE LIMITED when compared with others. I would say it was an excellent service which was given by PNB.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "After SBI its PNB "
      0.5 5.0/5 "Blown Away!"
      PNB Housing loan is the best, PNB offered the least interest rate as compared to SBI, processing was very easy they had taken around 2 weeks for the disbursement . Its a joint loan. I had received the copy of tittle deeds and legal documents to my email id on time.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      There is no specific reason not to avail loan from PNB housing, only because of the personal reason I have postponed the plan. Therefore I didn't get opportunity to go head with PNB housing, but their response is very good and gave me good interaction.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      Right now, I have postponed the plan of purchasing the property, due to the personal loan. But I personally felt, PNB housing is good because they reached me and gave the proper coordination and response. The rate which offered by PNB Housing its good.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      The property which I was identified it was not finalized because of some reason. That is the reason I haven't avail any loan from PNB housing but once I have finalized the property, surely I have idea to go with PNB housing its very comfortable.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Awesome experience"
      0.5 4.0/5 "Great!"
      I had a fabolous experience with PNB Housing Finance Limited. Rate of Interest of 8.50 % is pretty decent, even though it's a little higher than the markets. I have already recommended this service for my friend. The application process took very little time.
      Was this review helpful? 0
      , varanasi
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The home loan was average with Punjab National Bank housing finance limited. They have disbursed the loan in a month time. The rate of interest and the charges are quite competitive and I am fine with it. The customer supportive need to be supportive .
      Was this review helpful? 0
      , noida
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from PNB Housing Finance, i am happy that my loan application was approved and the required amount was disbursed. The customer service was good and they were very helpful, they provided a door step service for the collection of documents. The rate of interest was a bit high when compared to other sources.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Need to improve customer service"
      0.5 4.0/5 "Great!"
      PNB housing gave me ultimate offers in term of interest rate and there was no hidden charges on the loan application. But service part need to be improved it was not upto the mark, they don't get back to the customer, the principal amount was also good they gave me better rates.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The home loan service is good with PNB HOUSING FINANCE LIMITED . The Executive with PNB who gave very good support in response to my home loan application. The customer support is excellent with PNB HOUSING FINANCE LIMITED . The rate of interest and the charges are nominal with PNB HOUSING FINANCE LIMITED .
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      The home loan service was good with PNB HOUSING FINANCE LIMITED . I got the loan amount within 15 to 20days of time. The customer service was prompt from PNB HOUSING FINANCE LIMITED . The rate of interest is same when compared with other banks.
      Was this review helpful? 0
      , greater noida
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have approached PNB Housing Finance Limited for home loan, the response was good. Initially I had to followup them for couple of times, after that they called me. I didn't finalize my property yet so its been delayed from my side.The ROI was nominal as per the market price.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Good response"
      0.5 4.0/5 "Great!"
      When I approach PNB Housing Finance Limited on my home loan they responded me well. The rate of interest was nominal compared to other bankers. I have not gone with PNB housing finance since I have postponed my plans. I would like to give my ratings as 4 out of 5.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      My home is with PNB . They have not given proper details when I have enquired about the process and There is no 100% transparency . The customer service and responses was satisfactory. The loan amount was 41 lakhs and the rate of interest was 8.7% which was bit high comparing to other banks. The EMI period was 20 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Overall good"
      0.5 3.0/5 "Satisfactory"
      When compared to the other banks, PNB housing finance was better for the home loan as they provided a decent loan amount. My experience was very nice and the process took one month. The interest rate and the processing charges was normal. It was around 8%.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 14, 2017
    • Punjab National Bank Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      When I approached PNB Housing Finance Limited for my home loan got good support. Actually I had changed my plan, right now there is no requirement for me. So I requested them to cancel my application. There were no issues with the bank side. Rate of interest is not discussed.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 12, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have approached PNB LTD for my home loan. I have no idea about the rate of interest because It was not discussed later banker said I have already existing loan running with different bank so that is why loan cannot be processed My overall experience with good. The customer service and responses were good . I had an idea of taking 20 lakhs as the loan amount.
      Was this review helpful? 0
      , rohtak
      Reviewed on Oct 12, 2017
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