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

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.3% - 10.5% Floating
    0.25% to 0.5% (min. ₹5750) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    9.25% FIXED:3 years,FLOATING Thereafter
    0.25% to 0.5% (min. ₹5750) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    9.25% FIXED:5 years,FLOATING Thereafter
    0.25% to 0.5% (min. ₹5750) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    9.5% - 10.75% FIXED:10 years,FLOATING Thereafter
    0.25% to 0.5% (min. ₹5750) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes

    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


    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.


    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.


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