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

    PNBHLF is one of the more prominent home loan providers in the market and has catered to plenty of home loan customers.Its friendly customer service clubbed with its flexible repayment scheme has made amongst a customer's top choices for home loans.
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    We found 1 PNBHFL Plot Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.0% - 9.50% Floating
    Up to 0.50% (min. ₹10,000 + GST) One time fee
    8L Min
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    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.

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    PNBHFL Plot Loan Reviews

    • Punjab National Bank Home Loan
      "Should be flexible and customer friendly"
      0.5 3.5/5 "Pretty good"
      I am not convenient with PNB housing, for everything I need to visit to the bank even if I want to check the outstanding I need to walk in. I suggest it would be great if they upgrade their technology, the bank staff are not responsive. But the interest rate is better, I took the amount of Rs. 10.5 lakhs for 15 tenure, in a year only once I can do the part payment its not flexible.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 15, 2019
    • Punjab National Bank Home Loan
      "Customer response should be improved"
      0.5 4.0/5 "Great!"
      I was having personal loan hence PNB told to close my existing loan to take the housing loan. Initially I took the loan with the interest of 8.5% suddenly they reversed to 9.5% without any intimation from pnb housing. The Post process need improvement and the bank response is not good. The staffs made me wait for long time they don't care about the customer.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 12, 2019
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      They have approved the property so i have taken this housing loan with the PNB Housing Finance Limited. The documentation process was simple and it took 15days to get the loan. The rate of the interest was nominal with this loan. The loan amount was lesser.
      Was this review helpful? 1
      , new delhi
      Reviewed on Apr 02, 2019
    • Punjab National Bank Home Loan
      "Excellent "
      0.5 4.0/5 "Great!"
      I have home loan with PNB Housing Finance and found the interest rate is very low and known in the market for a very long time. The customer service is very good. There was a processing which is average. The loan duration is 26 years. They went extra mile and done their best during the process, overall am satisfied.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 29, 2019
    • Punjab National Bank Home Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      PNB HOUSING FINANCE LIMITED offered the housing loan so i have taken the housing loan with this bank. The loan amount that it took more than 40 days to get the loan. The rate of interest was nominal but the executive manikandan is not upto the mark where it is uncomfortable in loan process.
      Was this review helpful? 0
      , erode
      Reviewed on Mar 28, 2019
    • Punjab National Bank Home Loan
      "Need improvement on the customer care and interest rate"
      0.5 2.5/5 "Just OK"
      I am unhappy with PNB housing, the rate of interest is very high and quality of the customer service is very dissatisfied. I took Rs. 15 lakhs with the tenure of 15 years, the bank charged fixed interest however I have option for balance transfer, part payment and foreclosure. I faced difficulties on the document part, but field guy came and collected the papers.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 28, 2019
    • Punjab National Bank Home Loan
      "Fast response is not there ."
      0.5 3.0/5 "Satisfactory"
      PNB is very good financial bank to get the Housing loan . Based on the service and response . I am okay with the PNB LTD . PNB asked so many physical documents to submit for verification purposes . Even after submitting the docs not get the proper and fast response .
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 26, 2019
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      They have given the good offers with the PNB HOUSING FINANCE LIMITED so i have taken this housing loan. The documentation process was simple and easy to get the loan added on that i got the loan within couple of month. The loan amount was good and satisfactory.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 25, 2019
    • Punjab National Bank Home Loan
      "Need to legalize the Housing project in main city"
      0.5 4.0/5 "Great!"
      PNB need to take care for legalizing all the project . Because I paid some extra fees for legal charge . They taken one month for sanctioning my Home loan .Delay involved from my side and bank. I dont find any issue with the interest rate as 9.1 % . I got a good service from PNB .
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 24, 2019
    • Punjab National Bank Home Loan
      "Best and hassle free experience"
      0.5 5.0/5 "Blown Away!"
      My housing loan experience was good it was hassle free, I don't have to go to any of the branch. The field executive gave me the door step service, it took one month of the time for the whole process completion. They sanctioned the amount in one slot with better interest.
      Was this review helpful? 2
      , pune
      Reviewed on Mar 22, 2019
    • Punjab National Bank Home Loan
      "Rate of interest should be reduced"
      0.5 5.0/5 "Blown Away!"
      Earlier I had the loan from PNB, then I switched over to ICICI, because of the rate of interest . Remaining all very good even the customer support is very proactive, the bank documentation process was hassle free, I don't want reach out to the bank for any concern. The executive gave me the door step service to avail the housing loan.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Mar 16, 2019
    • Punjab National Bank Home Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I took 18L as a home loan in PNB Housing Finance and it was a good experience. I have done a comparison and found the rate of interest is lower than other banks. I got the rate of 8.35% per annum and 5K as a processing fine. The loan duration is 30 years.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Mar 15, 2019
    • Punjab National Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I earlier had my home loan with PNB housing finance limited. It was not a up to the mark experience. When there was a time the interest rates was reducing they never did it for the existing customer. But they increased it when the rates went high. I am not happy about the same.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 10, 2019
    • Punjab National Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been recently applied for housing loan with PNB housing finance,i pro-active approach my site to get loan amount soon,the loan amount was sufficient,like based on my requirement they have given me loan,and i felt the rate on interest which they have charged me was bit high,and there was delay in getting loan ,but that fine,due to some legal huddle i need loan so i did not bothered about rate of interest.
      Was this review helpful? 4
      , mumbai
      Reviewed on Mar 03, 2019
    • Punjab National Bank Home Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      I bought the home loan from PNB housing. Based on the customer requirement they are providing the loan. Their loan process was fast and they have sanctioned the loan immediately. As per the RBI Guidelines they are following up the interest rates. It took minimum of 45 days to provide the loan. The staff response was really awesome.
      Was this review helpful? 7
      , salem
      Reviewed on Jan 28, 2019
    • Punjab National Bank Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The process in getting this card was quite good where the executives where very much helpful and where friendly. The process has taken a little more time than usual, the loan amount has been okay but it was not up to the mark as i expected. They had offered me that there will not be any processing fee but they had taken the processing fees.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 28, 2019
    • Punjab National Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for PNB HOUSING FINANCE LTD recently, the loan amount they have given me was sufficient, and the rate of interest they have charged me was up to 8.9% which is nominal compare to market price, and the processing fee they have charged me was nominal, and the loan was on time.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 27, 2019
    • Punjab National Bank Home Loan
      "Bad experience"
      0.5 1.0/5 "Really Bad"
      I have applied for my home loan with PUNJAB NATIONAL FINANCE LIMITED,i had bad experience with them, like they have not given me proper information regarding this , the interest rate as per now it okay, but after 6 months i feel they will increase it, they have not giving me proper information , and they forcefully given me other bank they forcefully gave me life and property insurance, like they should give 1,95,000 they gave me just 1,85,000 without reason they have charged me 6000 did not informed me the reason ,i had bad experience.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 27, 2019
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken my loan with PUNJAB HOUSING FINANCE , the process was very good while taking the loan even i got my loan on time . The rate of interest is little high with this bank . Only they need to improve their customer service they was not very clear about the documents part .
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 27, 2019
    • Punjab National Bank Home Loan
      "Absolutely excellent finance company"
      0.5 5.0/5 "Blown Away!"
      The customer care service of PNB Housing is excellent. The interest rates are higher compared to other banks. They have offered me a interest rate of 9.10%. Already they have sanctioned the loan on time. Total tenure period of the loan upto 30 years. I withdrawn the amount of Rs. 25.50 lakhs
      Was this review helpful? 5
      , nagpur
      Reviewed on Jan 27, 2019
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