PNBHFL Plot Loan - Plot Loan for Land Purchase

Features and Benefits:

The lucrative features and benefits offered by PNBHFL on its plot loans have been listed below -

1. Attractive rates starting from 9.5% p.a.
2. The company provides a range of repayment options, for customers availing plot loans, to suit their needs.
3. Quick approval and disbursal of the loan. The company also provides door step service for the same to ensure maximum convenience for customers.
4. The widespread branch network makes availing the loan very easily accessible to customers.
5. Impeccable post loan disbursal services.
6. In case there is a rise or escalation in the cost of the plot, the company provides the option of enhancement in loan amount.
7. Transparent, authentic and impeccable customer service.
   

Eligibility:

The eligibility criteria for availing plot loans from PNBHFL are as follows -

1. 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.
2. If the applicant is self-employed/non-professional, the he should not be over 65 years of age at the time of loan maturity.

Interest Rates

For loan amount up to Rs. 35 lakh

Credit Score	Salaried or Self–employed Professional (SEP)	Self–employed Non-professional (SENP)
>= 825	9.50% p.a. to 10% p.a.	9.80% p.a. to 10.30% p.a.
> 800 to 825	9.50% p.a. to 10% p.a.	9.90% p.a. to 10.40% p.a.
> 775 to 799	10.10% p.a. to 10.60% p.a.	10.65% p.a. to 11.15% p.a.
> 750 to <= 775	10.25% p.a. to 10.75% p.a.	10.80% p.a. to 11.30% p.a.
> 725 to <= 750	10.55% p.a. to 11.05% p.a.	11.25% p.a. to 11.75% p.a.
> 700 to <= 725	10.85% p.a. to 11.35% p.a.	11.55% p.a. to 12.05% p.a.
> 650 to <= 700	11.25% p.a. to 11.75% p.a.	11.75% p.a. to 12.25% p.a.
Up to 650	11.25% p.a. to 11.75% p.a.	11.75% p.a. to 12.25% p.a.
NTC Cibil >= 170	11.25% p.a. to 11.75% p.a.	11.65% p.a. to 12.15% p.a.
NTC Cibil < 170	11.15% p.a. to 11.65% p.a.	11.55% p.a. to 12.05% p.a.

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For loan amount greater than Rs.35 lakh

Credit Score	Salaried or Self–employed Professional (SEP)	Self–employed Non–professional (SENP)
>= 825	9.50% p.a. to 10% p.a.	9.80% p.a. to 10.30% p.a.
> 800 to 825	9.50% p.a. to 10% p.a.	9.80% p.a. to 10.30% p.a.
> 775 to 799	10.20% p.a. to 10.70% p.a.	10.80% p.a. to 11.30% p.a.
> 750 to <= 775	10.35% p.a. to 10.85% p.a.	11.15% p.a. to 11.65% p.a.
> 725 to <= 750	10.70% p.a. to 11.20% p.a.	11.30% p.a. to 11.80% p.a.
> 700 to <= 725	11.05% p.a. to 11.55% p.a.	11.75% p.a. to 12.25% p.a.
> 650 to <= 700	11.45% p.a. to 11.95% p.a.	11.95% p.a. to 12.45% p.a.
Up to 650	11.45% p.a. to 11.95% p.a.	11.95% p.a. to 12.45% p.a.
NTC Cibil >= 170	11.45% p.a. to 11.95% p.a.	11.85% p.a. to 12.35% p.a.
NTC Cibil < 170	11.35% p.a. to 11.85% p.a.	11.75% p.a. to 12.25% p.a.

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Documents Required

Salaried Employees

1. Duly filled Application Form with photograph
2. Proof of Age
3. Proof of Residence
4. Proof of Education
5. Salary slips for the last three 3 months
6. Form 16 for the last two years
7. Bank account statement of last 6 months (Salary account)
8. Photocopy of title documents of the property and approved plan
9. Processing fee cheque in favor of ‘PNB Housing Finance Limited’

Self-employed professionals

1. Duly filled Application Form with photograph
2. Proof of Age
3. Proof of Residence
4. Proof of Education
5. Proof and certificate of business existence
6. Business profile
7. Income Tax returns of last 3 years (for both self and business)
8. Bank account statements of last 12 months (self and business)
9. Photocopy of title documents of the property and approved plan
10. Processing fee cheque in favor of ‘PNB Housing Finance Limited’

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A good credit score can help you secure lower interest rates on loans and credit cards.

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FAQs on PNBHFL Plot Loan

• 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.

• 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.

• 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.

• What services does PNB Housing Finance offer after the loan is disbursed?

  PNB Housing Finance provides impeccable post-loan disbursal services, ensuring continued support and assistance to customers throughout the loan tenure. 

• Can I enhance my loan amount if the cost of the plot increases?

  Yes, PNB Housing Finance offers the option to enhance the loan amount if there is a rise or escalation in the cost of the plot, providing flexibility to cover additional expenses. 

• How accessible are PNB Housing Finance plot loans?

  PNB Housing Finance has a widespread branch network, making it easy for customers to access and avail plot loans, no matter where they are located. 

• What repayment options are available for PNB Housing Finance plot loans?

  PNB Housing Finance provides a range of repayment options tailored to suit the needs of customers availing plot loans, allowing flexibility in managing loan repayments. 

• How does PNB Housing Finance ensure convenience in loan approval and disbursal?

  PNB Housing Finance ensures quick approval and disbursal of plot loans, with the added convenience of doorstep service to maximize customer satisfaction and ease of access. 

• What are the eligibility criteria for availing of a plot loan from PNB Housing Finance?

  For salaried individuals, the applicant should not be more than 70 years old at the time of loan maturity. For self-employed or non-professional applicants, the age limit is 65 years at the time of loan maturity. 

• What documents are required to apply for a plot loan with PNB Housing Finance?

  For salaried employees, documents required include a duly filled application form with a photograph, proof of age, residence, and education, salary slips for the last three months, Form 16 for the last two years, bank account statements for the last six months, title documents of the property, and a processing fee cheque. For self-employed professionals, additional documents such as proof and certificate of business existence, business profile, income tax returns for the last three years, and bank account statements for the last twelve months are required.