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.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    PNBHFL Plot Loan is Rated as "Great!" by 870 Users

    Fees & Charges

    Promised Interest Rate

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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 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
    • Punjab National Bank Home Loan
      "Home loan with PNB finance"
      0.5 4.0/5 "Great!"
      I had no requirement for home loan for now. That's why i have close the home loan application with PNB HOUSING FINANCE LIMITED. In future if i am planning to take a home loan then i will consider PNB. The customer service and response with the institution was fine.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 24, 2017
    • Punjab National Bank Home Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from PNB Housing Finance, my loan application was closed because i have taken loan from other bank. When it comes to customer service, it was good, they responded very well and they followed up on time, also they gave all the right information. It is just i felt convenient with other bank so i opted to go for other bank. The rate of interest was high when compared to other sources.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Nov 23, 2017
    • Punjab National Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with PNB housing finance. They have disbursed the loan on time. The customer service and response was good. The rate of interest was nominal. Their executive came to my place and collected the documents. They don't charge pre closure fee for after 6 months. Overall it was excellent service.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 23, 2017
    • Punjab National Bank Home Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      I had taken my home loan with PNB hosing finance. They offered interest rate as 8.4% but the market price is 8.3%. The documentation process is easy, I had went to the branch and submitted the documents. There are no charges for pre closure. The payment option is convenient.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 23, 2017
    • Punjab National Bank Home Loan
      "Professionally trained people for UNPROFESSIONAL BEHAVIOUR "
      0.5 0.5/5 "Unacceptable"
      Title is the self explanatory. With such kind people and behaviour, PNB housing finance limited can never even think of coming close to HDFC or ICICI home finance Ltd. This was my first and would be the last association with PNBHFL. Even if they do so, it would be purely day dreaming.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 23, 2017
    • Punjab National Bank Home Loan
      "Unhappy"
      0.5 3.0/5 "Satisfactory"
      I had applied for a home loan with PNB housing finance through online channel. Still now I haven't received sanctioned letter and disbursement letter. They need to improve the customer service drastically. The rate of interest was good. I make the payment through ECS, its more convenient.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 23, 2017
    • Punjab National Bank Home Loan
      "Home loan with PNB"
      0.5 5.0/5 "Blown Away!"
      I was just checking the rate of interest with PNB HOUSING FINANCE LIMITED. I am planning to take the loan by next march 2018 and when the executive contacted me i replied them the same. They told they will definitely help at that time. Its a good institution.
      Was this review helpful? 0
      , rohtak
      Reviewed on Nov 23, 2017
    • Punjab National Bank Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      My home loan was taken with PNB housing finance. The documentation process was simple. Executive came to my place and collected the documents. The interest rate was little bit high but it was good. The payment option is easy and convenient.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 23, 2017
    • Punjab National Bank Home Loan
      "Need to improve the service"
      0.5 2.0/5 "Expected more"
      My home loan was taken with PNB but I am not satisfied with the PNB housing finance. They didn't respond properly. They are not updating the customer. The loan process was delayed. There is no acknowledgement for the document collection. I would appreciate if they provide a better service.
      Was this review helpful? 0
      , tumkur
      Reviewed on Nov 22, 2017
    • Punjab National Bank Home Loan
      "High rate of interest"
      0.5 1.0/5 "Really Bad"
      I have applied for a home loan with PNB HOUSING FINANCE LIMITED. Well i was looking for a tenure of 10 years for 17 lakhs. But PNB rate of interest was on the high side.The given interest was 9 percentage. They told they cant reduce the interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • Punjab National Bank Home Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      The loan experience was almost great with PNB Housing Finance Ltd. They have offered me 48L as a home loan. The response was proper. They provided a doorstep service for documentation. ROI was 8.7% and I am happy with the interest rate. There is no pre closure charges. They have sanctioned the loan on time.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 22, 2017
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