• loading

    We found 1 PNBHFL Plot Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.40% - 10.20% Fixed/Floating
    Up to 0.5% (min. ₹5,900) One time fee
    8L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    PNBHFL Plot Loan is Rated as "Great!" by 914 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
      "Don't go with PNB"
      0.5 0.5/5 "Unacceptable"
      It took close to 4 months to get my loan... When I applied I was promised some interest rate, since it took 4 months to approve, they have increased my rate.... Moreover it's a continuous headache to keep following up with them... So would NOT suggest anyone to go with them
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 09, 2018
    • Punjab National Bank Home Loan
      "Pathetic service"
      0.5 0.5/5 "Unacceptable"
      Very poor responsiveness, make you run around like a govt office, charge exorbitantly for everything, don't care what the customer goes through, very poor services. They haven't been able to locate my EMI from may last year and have been asking me to pay again despite me producing my bank statement and everything, have been charging me interest on same
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2018
    • Punjab National Bank Home Loan
      "Not share proper information with anyone "
      0.5 0.5/5 "Unacceptable"
      I have try to get a home loan from pnb bank and bank of India, both bankers not coordinate with customer and not share proper information to customer. I always believed on government bank, but till both bank experience lost my faith. Govt bank always support to customers depending on his mood.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Mar 17, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The home loan got processed with in the promised time. The documentation process was done on time by the PNB HOUSING FINANCE LIMITED. They are about to disburse the loan amount but they have approved the loan amount within one month time. The rate of interest and the charges are average with the PNB HOUSING FINANCE LIMITED.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Mar 12, 2018
    • Punjab National Bank Home Loan
      "Best service"
      0.5 4.5/5 "Excellent!"
      I have taken a housing loan with PNB housing Finance and my loan experience was very good. The loan amount was for Rs 16 lakhs with the rate of interest of 11% which is nominal rate. The process was smooth and i received my loan amount on time. Customer service was good and they followed on time. The tenure of this loan is 10 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 05, 2018
    • Punjab National Bank Home Loan
      "Process is good"
      0.5 4.5/5 "Excellent!"
      My home loan is with PNB housing finance. The experience is good I got the loan on time. The whole process was completed in less than a month. The documentation was taken on proper time. I am still waiting for the register copy document. The rate of interest is of 8.35% and I am not clear about the processing fees, as there were few cheques being debited in my account.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 26, 2018
    • Punjab National Bank Home Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      It was a good experience with PNB housing finance ltd. I have taken my home loan from them and it was a on time process. The ECS deduction is also happening on time and the interest rate is flexible of 8.35%, The ECS deduction is also happening smoothly. I guess the rate of interest is high when I check about the whole repayment. The agent was helpful and the paper work was on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 26, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The service which was given by PNB HOUSING FINANCE LIMITED nominal . They took around 30days of time to disburse my loan amount. Still they would have given much support from the PNB HOUSING FINANCE LIMITED. The rate of interest and the charges are average as per market rate.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Feb 15, 2018
    • Punjab National Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The PNB HOUSING FINANCE LIMITED has disbursed the home loan within the promised time. The customer support service gave me good response in regards to my home loan application . The rate of interest and the charges are average with the PNB HOUSING FINANCE LIMITED.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • Punjab National Bank Home Loan
      "Good. Can do better"
      0.5 4.5/5 "Excellent!"
      I had taken my home loan from PNB housing finance limited. It was a bit of a lengthy process for the documentation and the rate of interest was of 8.80% it was not reduced as promised as per RBI, I need to go and request for it. Else it was a good experience.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 15, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The service was good with the PNB HOUSING FINANCE LIMITED, but the promises were not fulfilled by the PNB HOUSING FINANCE LIMITED. The rate of interest and the charges are average with the PNB HOUSING FINANCE LIMITED and I am satisfied with the service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 14, 2018
    • Punjab National Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The home loan process is bit lengthy with the PNB HOUSING FINANCE LIMITED. The customer support service and the response was average from the PNB HOUSING FINANCE LIMITED, It was not as much as I expect. The required loan amount has been disbursed and I happy with it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 14, 2018
    • Punjab National Bank Home Loan
      "Transparent process "
      0.5 4.0/5 "Great!"
      The executive who was assigned to get the loan was very supportive from the PNB HOUSING FINANCE LIMITED. The were very professional in the documentation process. The transparency is seen in the process. The customer support service is very good with the PNB HOUSING FINANCE LIMITED.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 14, 2018
    • Punjab National Bank Home Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      Overall it was a very good experience from the PNB HOUSING FINANCE LIMITED, the process was very smooth from them. The verification and the documentation process was done within a day time. The customer support service was very prompt from the PNB HOUSING FINANCE LIMITED.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 14, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have got the home loan from the PNB HOUSING FINANCE LIMITED last month. They have disbursed the loan amount within 14days of time. The loan tenure is for 15 years. The required loan amount has been approved and disbursed in which I am satisfied.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 14, 2018
    • Punjab National Bank Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      The documentation process was quite good with PNB HOUSING FINANCE LIMITED, they haven't made delay in the documentation and the disbursement. They took around 15 days time to disburse my home loan amount . The rate of interest and charges are average with the PNB HOUSING FINANCE LIMITED .
      Was this review helpful? 0
      , nagpur
      Reviewed on Feb 13, 2018
    • Punjab National Bank Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan with PNB Housing Finance and my loan experience was very good. The loan amount was for Rs 4 lakhs with the rate of interest of 9% which is nominal when compared to other banks. The process was smooth and the tenure of this loan is 4 years. Customer service was good and they responded on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 07, 2018
    • Punjab National Bank Home Loan
      "Need to improve"
      0.5 2.0/5 "Expected more"
      My experience with the Punjab National Bank Housing Finance Limited was not up to the mark for the home loan, which I have applied. It took around two weeks of time to handover the cheque . I would like to suggest that they need to improve their servces.
      Was this review helpful? 0
      , noida
      Reviewed on Feb 07, 2018
    • Punjab National Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got the home loan with the Punjab National bank housing finance limited and the rate of interest is according to the market trends while compare with other competitors. The speed of the process was an awesome one with them till now.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 06, 2018
    • Punjab National Bank Home Loan
      "Wonderful"
      0.5 4.0/5 "Great!"
      My experience was good one with the Punjab National bank housing finance limited. Customer service is very good one and the home loan amount got disbursed within ten to fifteen days of time. Rate of interest is around 8.15%.
      Was this review helpful? 0
      , thane
      Reviewed on Feb 06, 2018
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.