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    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 0.50% (min. ₹10,000 + GST) 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 932 Users

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    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!"
      My home loan application was approved with PNB Housing and the loan experience was good. The process was smooth and i received my loan amount on time. Documents were collected on time and the customer service was good. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 20, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience with PNB Housing for home loan was good, documents were collected on time by the customer service but the verification took long time. I received my loan amount after 2 months from the date the application was submitted. The rate of interest was bit high when compared to other sources.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2018
    • Punjab National Bank Home Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      My home loan experience was not good with PNB Housing, the process was very long and it took 3-4 months to receive the loan. The rate of interest was high when compared to all other sources. Communication was no proper coordination between the agent and the customer service.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2018
    • Punjab National Bank Home Loan
      "Needs to improve on customer service"
      0.5 2.0/5 "Expected more"
      I have applied for the home loan from PNB Housing, my loan application was approved and the experience was not up to the mark. The process was very long and it took 3.5 months to receive the loan amount. The rate of interest of 8.35% is nominal rate in the market. Customer service was not up to the mark and their response was delayed.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 20, 2018
    • Punjab National Bank Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My home loan experience was very good with PNB Housing Finance, i have taken loan for Rs 48 lakhs for 18 years with nominal interest rate when compared to other banks. Customer service was good and they followed up on time. The process was quick and i received my loan amount within 1 week.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 20, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a housing loan from PNB Finance and my loan experience was good, the process was smooth and i received my loan amount within 1 week. The loan amount was for Rs 14 lakhs for 15 years with nominal interest rate. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 20, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my home loan application disbursed with PNB Housing Finance and the loan experience was good. The process was quite long and it took 15 days to receive the loan amount. Customer service was good with PNB and they responded on time. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 18, 2018
    • Punjab National Bank Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My home loan application was approved with PNB Housing and the loan experience was good, the process was smooth and i received my loan amount within 1week. The loan amount was for Rs 18 lakhs for 20 years with nominal interest rate when compared to other sources. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 18, 2018
    • Punjab National Bank Home Loan
      "Needs to improve on customer service"
      0.5 3.0/5 "Satisfactory"
      My home loan application was closed with PNB Housing Finance, the reason behind closing the application is because there was no proper response from the customer service and they did not follow up on time. The rate of interest was nominal when compared to all other sources.
      Was this review helpful? 0
      , noida
      Reviewed on May 17, 2018
    • Punjab National Bank Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the home loan from PNB Housing Finance, my loan application was closed because the property was out of the geographical area. The rate of interest of 8.35% was nominal rate in the market. Customer service was good, they followed up on time and their response was also good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 16, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have closed my home loan application with PNB Housing Finance because i do not require the home loan as of now. When it comes to customer service, it was good and they followed up on time. The rate of interest was nominal when compared to all other sources.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on May 16, 2018
    • Punjab National Bank Home Loan
      "Needs to improve"
      0.5 2.0/5 "Expected more"
      My home loan application was closed with PNB Housing Finance because they processed the application very late. Customer service of PNB was not up to the mark and there was no proper response. The rate of interest of 8.45% was nominal when compared to other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 16, 2018
    • Punjab National Bank Home Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have taken a home loan with PNB Housing Finance and my loan experience was not up to the mark. The loan amount was for Rs 56 lakhs with high interest rate when compared to all other sources. The process was quick and i received my loan amount within 10 days. There are too many charges in this loan not satisfied with the customer service offered by PNB Housing Finance.
      Was this review helpful? 0
      , indore
      Reviewed on May 16, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from PMB Housing Finance, my loan application was closed because i have taken home loan from other source. Customer service of PNB was good and they responded on time. The rate of interest of 8.35% was nominal when compared to others in the market.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 16, 2018
    • Punjab National Bank Home Loan
      "Need to reduce charges"
      0.5 2.0/5 "Expected more"
      The reason why my home application is closed with PNB Housing Finance is because the rate of interest and the charges are very high when compared to all other sources in the market. When it comes to customer service, it was not up to the mark and their response was delayed.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 15, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from PNB Housing Finance, my loan application was closed because the loan amount was not sufficient. The loan amount i requested for is 66 lakhs but they can gave only Rs 40 lakhs. Customer service was good, they followed up on time and the rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 15, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan from other bank so that is the reason my home loan application was closed with PNB Housing Finance. When it comes to customer service, it is good and they responded on time. The rate of interest was nominal when compared to all other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 14, 2018
    • Punjab National Bank Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My home loan application was closed with PNB Housing Finance, the reason behind closing the application is, i have postponed the plan to get the home loan. Customer service of PNB was good and they followed up on time. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 14, 2018
    • Punjab National Bank Home Loan
      "Needs to reduce ROI"
      0.5 3.0/5 "Satisfactory"
      My home loan application was closed with PNB Housing Finance, the reason behind closing the application is, i have taken loan from other bank and the rate of interest was high when compared to other sources. There was not much interaction with the customer service of this bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 14, 2018
    • Punjab National Bank Home Loan
      "Services are good"
      0.5 5.0/5 "Blown Away!"
      PNB housing finance is good for the home loan experience. It was a on time paper work and also as per my time slot. The rate of interest is of 8.35%. There is a processing fee of 6K including GST. The customer services and response is good and supportive.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 09, 2018
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