A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 5 PNBHFL Plot Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.6% - 8.95% Floating
    Up to 0.5% (min. ₹5900) 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
    8.6% - 8.95% FIXED:3 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5900) 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
    Value Adds
    8.6% - 8.95% FIXED:5 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5900) 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
    9.0% - 9.25% FIXED:10 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5900) 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
    8.50% - 10.25% FIXED:2 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5900) 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 531 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    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
      "PNBHFL Review"
      0.5 1.5/5 "Bad"
      Not a good experience. No proper communication once loan agreement is signed. One of the disbursement got 1 month late for which late payment charges was applied to me. I have got sanctioned loan of 34 lacs and policy was included with 1.5 lacs amount saying that its free of cost. But this amount got added to total loan amount ie 34 + 1.5 total 35.5 lacs. So I will be paying return on 35.5 lacs.
      Was this review helpful? 0
      , thane
      Reviewed on Aug 17, 2017
    • Punjab National Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My experience was excellent one for the home loan with the PNB housing finance limited. Disbursement got happens after a month of time because there were some delay from my end. Response was good one with them and I have not found any issues with them.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 11, 2017
    • Punjab National Bank Home Loan
      "Satisfied"
      0.5 4.5/5 "Excellent!"
      Customer service is fine one with the PNB housing finance limited for the home loan, which got disbursed. The loan amount got disbursed in five to six days of time. Response was good one with the PNB housing finance limited.
      Was this review helpful? 0
      , nasik
      Reviewed on Aug 11, 2017
    • Punjab National Bank Home Loan
      "Interest should be reduced as per govt"
      0.5 3.0/5 "Satisfactory"
      PNB service is good, I have submitted all my documents to avail their home loan. Past eight months I am paying EMI, amount around Rs.20,000 and also I took the insurance of Rs. 3000 along with the home loan. My loan amount was Rs.20 lakhs for the tenure of 20 years. Earlier they offered me interest 10.55 now government have reduced the home loan interest but still they didn't reduce my loan rate. It would be great if they reduce the interest.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 11, 2017
    • Punjab National Bank Home Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      The experience was not really fine one with the PNB housing finance limited.They have taken much time to provide the disbursement ,which is really unfair. Response was also not really good one with them, which I have experienced.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 10, 2017
    • Punjab National Bank Home Loan
      "Nice Experience"
      0.5 4.5/5 "Excellent!"
      Definitely I had received a good response from PNB Housing Finance Ltd for the home loan. The rate of interest is quite good. Initially I faced some issues during the process but the executive handled the situation and overall it was nice experience with PNB for home loan.
      Was this review helpful? 0
      , vadodara
      Reviewed on Aug 09, 2017
    • Punjab National Bank Home Loan
      "Good. Need to be more professional"
      0.5 4.0/5 "Great!"
      It was a little bit of harassment from PNB housing finance for the home loan. The executive who was handling my file needs to more professional and know how to handle a customer. I had to send an email with the bank statements six time. The executive would take a printout and get it signed from me and still come back and tell me that he needs another copy because he did not receive the email. The field staff needs to be more knowledgeable. The process for this loan took three months. The rate of interest and charges was informed to me in advance.
      Was this review helpful? 0
      , faridabad
      Reviewed on Aug 05, 2017
    • Punjab National Bank Home Loan
      "Team leads need to be more proactive"
      0.5 4.0/5 "Great!"
      It is a average experience with PNB housing finance, when they contacted me from the bank they sent their executive and that guy who was taking care of my file quit the job. They have a problem with the manpower. So there was a delay till the next executive took over. I got the home loan within 15 to 20 days. The processing fees was of 5750 and the rate of interest was of 8.5% which will be on a fixed basis for one year.
      Was this review helpful? 0
      , vadodara
      Reviewed on Aug 05, 2017
    • Punjab National Bank Home Loan
      "Interest rate and charges should be reduced"
      0.5 3.0/5 "Satisfactory"
      The executive told I would be getting two shots of disbursement, one amount already disbursed I already paid the processing fee around Rs. 8000 to 9000 but again their executive came asked me to pay Rs.250 as a notary charges and I think some other banks are offering better offer but interest rate then PNB.
      Was this review helpful? 0
      , faridabad
      Reviewed on Aug 05, 2017
    • Punjab National Bank Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The agent who taken initiative on loan process have provided good response, whatever the queries I had they helped me to the resolve on loan. The offer is same as other bank, but they have fulfilled my requirements according to my request with reasonable interest rate.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 05, 2017
    • Punjab National Bank Home Loan
      "Looking for better feature"
      0.5 4.0/5 "Great!"
      I am very surprised about PNB interest rate, normally other banks providing 8.35% of interest. But PNB offered me 8.5% of interest because I availed the housing through online channel. Hence they charged higher interest and also they taken processing of Rs. 7000 but SBI is charging only 3000 for housing loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 05, 2017
    • Punjab National Bank Home Loan
      "Customer friendly Bank"
      0.5 4.0/5 "Great!"
      PNB is good bank and they gave me the best offer in the market. Their staff is also good and they supported well on the loan process. But I am yet to analyze about the interest rate, they offered me an interest rate of around 8.5% for the car loan. I am fine with that.
      Was this review helpful? 0
      , greater noida
      Reviewed on Aug 05, 2017
    • Punjab National Bank Home Loan
      "Highly disappointed"
      0.5 1.0/5 "Really Bad"
      Initially the experience was really fine with the PNB HFL for my home loan, also they are not really robust with the process. Documentation process was not in clear way,also it was not really endure. I would like to say that they could improve the services on every aspects,also they should be customer friendly.
      Was this review helpful? 0
      , noida
      Reviewed on Aug 04, 2017
    • Punjab National Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      PNB provided a good service for the home loan process. I did not face any problem during the loan process. Current Interest rate is 8.50% and the market rate is been reduced it to 8.35% so it would be better if PNB reduces the interest rate. Customer service is excellent, I never visited the bank for the loan because they had done everything.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 02, 2017
    • Punjab National Bank Home Loan
      "Can be more better"
      0.5 2.5/5 "Just OK"
      I had taken the home loan from PNB housing finance. There were lot of hidden charges and they promised 50% waiver on processing fee, but even though they provided 50% of waiver but they charged additional charges which was not communicated to me earlier. Also, the interest rate what they committed in the beginning was 8.5% but later they increased it to 1%. I am not happy with the services but customer service is quite good.
      Was this review helpful? 0
      , mysore
      Reviewed on Aug 02, 2017
    • Punjab National Bank Home Loan
      "Better Process"
      0.5 3.5/5 "Pretty good"
      On a general note, PNB housing finance services are good with regards to my housing loan, but the only pitfall here was, they forced me to take the policy which I disliked, otherwise everything else was good. Interest rate provided by them was very much reasonable. I would endup saying that, they can be more customer oriented.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Aug 01, 2017
    • Punjab National Bank Home Loan
      "Looking for better interest rate"
      0.5 4.0/5 "Great!"
      I have taken home loan from PNB Housing before five years, the experience was good. The process was quick and being housing loan they were processing the request pretty well. I felt interest rate was not competitive it would be flexible and it should be as per the market rate, I took the loan of Rs.34 lakhs, PNB housing had taken a processing fee of 1% from the disbursement.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • Punjab National Bank Home Loan
      "Response is good."
      0.5 5.0/5 "Blown Away!"
      PNB housing finance limited contacted me several time for the home loan. The experience was good and supportive. I did not go ahead because I was waiting for another year for ITR. So I postponed my plans. The interest rate and processing charges were very much normal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 07, 2017
    • Punjab National Bank Home Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I was contacted by PNB Housing finance and I was informed the details for the home loan. They came over and did not check the documents and after which I was told that the loan could not be processed. Guess each bank has its own process. The interest rate and charges is average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 07, 2017
    • Punjab National Bank Home Loan
      "They need to improve on customer interaction"
      0.5 3.0/5 "Satisfactory"
      I have purchased an apartment from the builder, I processed the loan with PNB housing. My loan amount is Rs. 40 lakhs its a 80% value on the property. When I took the loan it was under construction now my property it been occupy. They gave me least interest rate is in market. But customer service is bad, when I asked them to reverse the rate of interest , three different people called and shared the interest rate but it was not clear, Finally I went to bank and got the reversed rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2017
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