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 840 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!"
      I have a home loan from PNB the service was very good but they delay in the process the customer service was also slow needs some improvement there was some communication problem with PNB they provide me a interest rate of 10.25 which was little high compare to others in the market it was average experience with PNB for my home loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with PNB HOUSING FINANCE LIMITED. They collected the documents by next day and within a week my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 8.7% as floating rate of interest and there are no processing fees as well as no pre closure charges as well.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • Punjab National Bank Home Loan
      "Home loan with PNB"
      0.5 4.0/5 "Great!"
      From PNB HOUSING FINANCE LIMITED i have applied for a home loan and my loan got approved. The disbursed loan amount was 10 lakhs 50 thousand. The rate of interest was 9.11% with a monthly EMI of 9860.The total tenure was for 2 years. Documentation process done well.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 18, 2017
    • Punjab National Bank Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I applied for a home loan with PNB HOUSING FINANCE LIMITED. Later I closed because I don't like their services. They took around a week for the documentation process. They offered me the home loan with 8.35% as rate of interest and about the processing fees I don't remember.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 17, 2017
    • Punjab National Bank Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a home loan with PNB HOUSING FINANCE LIMITED. I had to close down my home loan application because I have post pone the plan as my mom is moving out of town for a while, so once she is back I will apply for a home loan. PNB offered me this home loan with 8.5% as rate of interest which is nominal and the processing fees is Rs. 5500 which is also normal.
      Was this review helpful? 0
      , pondicherry
      Reviewed on Nov 17, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I applied for a home loan with PNB HOUSING FINANCE LIMITED. Later I have closed the home loan application because I have post pone the plan now. After 6 months I will take the home loan and at that time the rate of interests may also get reduced compared to now.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 17, 2017
    • Punjab National Bank Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I applied for a home loan in PNB HOUSING FINANCE LIMITED. Then later I had to close my home loan application with PNB HOUSING FINANCE LIMITED as I have decided to postpone the plan of getting a home now. But they offered me the home loan with 8.25% as rate of interest.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 17, 2017
    • Punjab National Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have approached Punjab National bank for my home loan. The customer service and responsiveness was up to the mark but the there is no requirement for the loan now so have cancelled the application. The rate of interest was 8.59% which was average in the market. My overall experience was average .
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 15, 2017
    • 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 property was not fixed. When it comes to customer service, it was good and they response was also good, they followed up on time. The rate of interest is quite high when compared to others in the market.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 14, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had applied for the home loan from PNB Housing Finance, my loan application was approved and the requested amount was disbursed. The loan amount was for 13 lakhs with good rate of interest. The process was quite long, it took almost 3 months for the loan amount to get approved. The customer service was good, they provided door step service for the collection of documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Punjab National Bank Home Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My home loan was taken with PNB few months back. The loan amount was 41 lakhs and the interest rate was 8.5% which was average in the market. The loan amount was 41 lakhs and the EMI period was 25 years . They have provided door step service for collecting document. The processing fee was 6,500. MY experience was satisfactory and I would like to recommend to others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2017
    • 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 deal with land was not done, it will done within a week. The customer service was good and their response was also good, they followed up on time. The rate of interest is high when compared to all others in the market.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 14, 2017
    • 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 there was a property issue. When it comes to customer service, it was good and they responded well, they also followed up on time. The rate of interest was high when compared to others in the market.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 13, 2017
    • Punjab National Bank Home Loan
      "Good customer service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan from PNB housing finance, my loan application was closed because the rate of interest was high when compared to all other sources in the market. When it comes to customer service, it was good and they responded on time. Follow ups were done @ regular intervals.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2017
    • Punjab National Bank Home Loan
      "Good customer service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan from PNB Housing Finance, my loan application was closed because i have taken the home loan from other bank. When it comes to customer service, it was good and they responded well, they also followed up on time. The rate of interest was high when compared to other sources.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 13, 2017
    • Punjab National Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan from PNB Housing Finance, my loan application was closed because the process fees and rate of interest is high when compared to all other sources. When it comes to customer service, there was no interaction with them as i closed the loan application after the discussion of rate of interest and processing fees.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Nov 11, 2017
    • Punjab National Bank Home Loan
      "Approchable for home loan"
      0.5 4.0/5 "Great!"
      I have requested for a home loan with PNB HOUSING FINANCE LIMITED. But later i changed my plan of taking the home loan.In future if i am planning to take the home loan then i will definitely consider PNB HOUSING FINANCE LIMITED . They gave good response.
      Was this review helpful? 0
      , varanasi
      Reviewed on Nov 11, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for housing loan from PNB Housing Finance, my loan application was closed because i have taken the loan from the other source. The customer service was good and they responded well, they also followed up on time. The rate of interest was high when compared to other sources.
      Was this review helpful? 0
      , mohali
      Reviewed on Nov 10, 2017
    • 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 builder suggested to get the pre approved loan from the bank. The customer service was good, i liked their way of response and they followed up on time. The rate of interest was high when compared to other sources.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 10, 2017
    • Punjab National Bank Home Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I have applied for the home loan from PNB Housing Finance, my loan application was closed because their response was not good. When it comes to customer service, it was not up to the mark, they did not provide door step service for the collection of documents, they called to different location to give the documents which is far from the current location, The rate of interest was high when compared to other sources. It was not a good experience overall.
      Was this review helpful? 0
      , ambala
      Reviewed on Nov 10, 2017
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