A "low interest" loan shouldn't mean you have very little interest in paying it back!
A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 1 PNBHFL Plot Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.35% - 10.25% Fixed/Floating
    Up to 0.5% (min. ₹5,900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.10,000 Amazon Voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    PNBHFL Plot Loan is Rated as "Great!" by 881 Users
    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 service"
      0.5 4.0/5 "Great!"
      I have taken a housing loan from PNB housing finance and the loan experience was very good. The loan amount was for Rs 30 lakhs with the rate of interest of 8.5% which is nominal rate when compared to other sources. The process was delayed and it took 15-20 days to receive the loan amount. Customer service was good and they collected documents on time. The tenure of this loan is 20 years and it was overall a good service from PNB.
      Was this review helpful? 0
      , mohali
      Reviewed on Jan 12, 2018
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It was good experience with PNB Housing finance i would say as i applied for a Home loan in there . Actually i postponed the plan of buying a house now so i cancelled it . The Customer service was good from the PNB side . All the Information was given to me in a proper way .
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 27, 2017
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with PNB Housing finance as i apploed for a Home loan . the bank people said that they can't provide the loan Due to rules they said i was not properly informed on that point . The customer service was good from the bank side . they informed me everything in a detailed way .
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 27, 2017
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I was not getting 100% approval from the institution side they were only giving me 70% of approval so i canceled it form my end . They were only able to give a approval of 70 to 80% . So i cancelled as i wanted a full approval . Over all it was a good experience with PNB Bank for the Home loan process .
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 27, 2017
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I would say it was a good experience over all with PNB Housing Finance . The bank executive they were not on time for picking up the documents , the bank process was bit of a delay one everything was going very slow . I told them to collect the documents from the home they did not collect that . They called me many time and tried contacting me . From the customer service side i would say it was a good one proper follow ups were done on time to time .
      Was this review helpful? 2
      , vijayawada
      Reviewed on Dec 22, 2017
    • Punjab National Bank Home Loan
      "Good One"
      0.5 4.5/5 "Excellent!"
      Actually i was looking for a loan transfer .The Customer service was good from the PNB HOUSING FINANCE . All the Information was given to me in a proper way .The rate of interest was also told . I canceled the application from my side . I got a better offer on the rate of interest in the same bank i was holding the loan with ,so i went on with that option . i can say it was a good experience with the PNB housing finance .
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 22, 2017
    • Punjab National Bank Home Loan
      "Worst Experience With PNBHFL"
      0.5 1.5/5 "Bad"
      PNBHFL Service is really bad... It has been more than a month since I have applied and proceeded with the process. Relationship manager wont at all provide response whenever I reached him and the executive as well....they collected all documents got the loan agreement signed but no response after that about loan disbursement/final sanction, now feeling myself suspended in the black space..don't know what's happening..
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 21, 2017
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good experience over all with the PNB Bank .the customer service was good from the bank side for the Home loan process i applied for . The rate of interest was high as compared from the other bank . The bank was rigid on the rate of interest not flexible so i did not opt for the loan process . I will rate 3 for the rate of interest and rest everything was fine from their side .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 20, 2017
    • Punjab National Bank Home Loan
      "SATISFACTORY service"
      0.5 3.0/5 "Satisfactory"
      it was a OK OK experience with PNB Housing Finance i had while my home loan process . I actually changed my plans of getting a home loan so i canceled the application from my side . The Customer service was good from the bank side . All the Information required for the loan was given to me in a proper time . Actually the Rate of interest a was a bit high that was also a reason you can say .
      Was this review helpful? 1
      , nagpur
      Reviewed on Dec 20, 2017
    • Punjab National Bank Home Loan
      "Good One"
      0.5 4.0/5 "Great!"
      it was a good experience with PNB Housing finance for the home loan application i applied for . Actually i canceled the application from my side as the Plan was postponed the plan of getting a house from my end . The Customer service was good from their end .
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 14, 2017
    • Punjab National Bank Home Loan
      "WONDERFUL SERVICE"
      0.5 5.0/5 "Blown Away!"
      As i applied for a home loan in PNB Housing finance it was a good experience with them . The Customer service was good from the bank side . The bank contacted me on time and was in touch till when i was replied back , and delivered all the Information which was required for the loan process . It was a good service i believe .
      Was this review helpful? 0
      , pondicherry
      Reviewed on Dec 14, 2017
    • Punjab National Bank Home Loan
      "Good One"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with PNB Bank side i had for the home loan process . I actually changed my plan and i kept it hold so did not opt for the loan . It was a good Customer service from the HDFC Bank side . All the required Information was given from the bank executive side . It was a happy experience over all .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 02, 2017
    • Punjab National Bank Home Loan
      "NOT HAPPY"
      0.5 1.5/5 "Bad"
      It was not that good experienced as i expected from the PNB Housing Finance . The AM who was dealing does not the call ethics. The rate of interest was was minimal as compared to other banks and also there was Processing fee charged .The customer service not that good as i thought .
      Was this review helpful? 0
      , alwar
      Reviewed on Dec 01, 2017
    • Punjab National Bank Home Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      It was a good customer service the PNB Housing finance provided for the home loan process . On the property i wanted to take the loan on , the bank was only providing 80% approval and they were not able to provide a top up loan on that loan , the rate of interest was good provided to me . I did not get a full approval so i did not opt for the loan . It was good experience with PNB Housing .
      Was this review helpful? 0
      , indore
      Reviewed on Dec 01, 2017
    • Punjab National Bank Home Loan
      "Not that good"
      0.5 3.0/5 "Satisfactory"
      The experience I had with PNB in regards to my Home Loan wasn't that great. Initially they said the Rate of Interest would be 8.35% but they later finalized my deal to 8.65%. The whole process for application was lengthy and required quite a lot of patience.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 29, 2017
    • Punjab National Bank Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan from PNB Housing Finance, it was overall a good loan experience. The tenure of this loan is 24 years which is quite satisfactory. The loan amount was for 11.35 lakhs with the rate of interest of 8.5% which is nominal when compared to other sources. The process was very smooth and my loan was approved within 1 week. Customer service was good, they provided door step service for the collection of documents.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 29, 2017
    • Punjab National Bank Home Loan
      "High rate of interest"
      0.5 3.0/5 "Satisfactory"
      The rate of interest with the institution was high. PNB HOUSING FINANCE LIMITED offered me 10.37% rate of interest which i am not satisfied. So i changed the plan of taking a home loan with PNB. The executives gave me a follow up call until i changed the plan.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 29, 2017
    • Punjab National Bank Home Loan
      "Good One"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with PNB home loan. Actually everything was fixed but due to the some patta problem the bank was not able to give the loan . The Customer service was good from the bank side and actually it was helpful . All the information was given to me and regarding the loan process .
      Was this review helpful? 0
      , jaipur
      Reviewed on Nov 28, 2017
    • Punjab National Bank Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My home loan experience with PNB Housing Finance was good, the loan amount was sufficient and the rate of interest was nominal when compared to other sources. The process was very smooth and easy. Customer service was good and they responded on time. I am overall satisfied with the services provided.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 27, 2017
    • Punjab National Bank Home Loan
      "Change of plan"
      0.5 4.0/5 "Great!"
      Due to the change of plan i have not gone with PNB HOUSING FINANCE LIMITED for the home loan. The executive gave me god response and can be considerable in future for home loan. Other than that i dont have any other issue with PNB HOUSING FINANCE LIMITED.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Nov 24, 2017
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