A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • PNBHFL Plot Loan - Plot Loan for Land Purchase

    Punjab National Bank Housing Finance Ltd. (PNBHFL) offers plot loans that are helpful in purchasing a residential plot of land in an urban area to build the house of your dreams. Low interest rates, a simple and quick application process, and a variety of repayment options make the PNBHFL plot loan an attractive one.

    We found 1 PNBHFL Plot Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.75% - 10.90% Floating
    Up to 0.25%(Max ₹15,000) One time fee
    Rs.8L onwards
    1 - 30 Years
    What you'll love
    Fees & Charges
    Good to Know

    PNBHFL Plot Loan - Loan For Land Purchase

    PNBHFL or PNB Housing Finance Limited offers plot loans at attractive interest rates starting from 8.50% p.a. for a maximum tenure of 30 years. You can get loans of up to 90% of the property value depending on various parameters.

    This loan is tailored for those who want to buy a residential plot in an urban area for house construction.

    Features and Benefits:

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

    • Attractive rates starting from 8.50% p.a.
    • 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


    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.

    Interest Rates

    For loan amount up to INR 35 lakhs

    Credit Score Salaried (p.a.) Self-employed non-professional (SENP) (p.a.)
    >= 800 7.35% 7.55%
    > 750 to < 800 7.55% 7.65%
    > 700 to < 750 7.95% 8.35%
    > 650 to < 700 8.35% 8.60%
    Up to 650 8.55% 8.85%
    Less than zero 8.55% 8.85%

    For loan amount greater than INR 35 lakhs

    Credit Score Salaried (p.a.) Self-employed non-professional (SENP) (p.a.)
    >= 800 7.70% 7.90%
    > 750 to < 800 7.85% 7.95%
    > 700 to < 750 8.05% 8.55%
    > 650 to < 700 8.55% 8.80%
    Up to 650 8.75% 9.05%
    Less than zero 8.75% 9.05%

    Documents Required

    Salaried Employees

    • Duly filled Application Form with photograph
    • Proof of Age
    • Proof of Residence
    • Proof of Education
    • Salary slips for the last three 3 months
    • Form 16 for the last two years
    • Bank account statement of last 6 months (Salary account)
    • Photocopy of title documents of the property and approved plan
    • Processing fee cheque in favor of ‘PNB Housing Finance Limited’

    Self-employed professionals

    • Duly filled Application Form with photograph
    • Proof of Age
    • Proof of Residence
    • Proof of Education
    • Proof and certificate of business existence
    • Business profile
    • Income Tax returns of last 3 years (for both self and business)
    • Bank account statements of last 12 months (self and business)
    • Photocopy of title documents of the property and approved plan
    • Processing fee cheque in favor of ‘PNB Housing Finance Limited’

    FAQs on PNBHFL Plot Loan

    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

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