Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Punjab and Maharashtra Co-Operative Bank Mortgage Loan is Rated as "Excellent!" by 2 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Punjab and Maharashtra Co-Operative Bank Mortgage Loan

    Punjab and Maharashtra Co-Operative Bank is a multi-state scheduled urban co-operative bank operating in the states of Maharashtra, Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh and Madhya Pradesh. The bank established its first single branch at Sion in 1984 and the bank currently has over 111 branches spread across 55 states in the country. It is one among the top 10 co-operative banks in the country. The bank offers deposit schemes, demat services, loans and NRI financial services.

    Punjab and Maharashtra Co-Op Bank Mortgage loans

    Mortgage loans are loans that are granted against collateral such as property or real estate. This is a secured loan and the bank holds the property until the borrower repays the loan. The loan can be availed against existing property too. The borrower can stay in the property that he has mortgaged as long as he is paying the loan.

    PMC Mortgage Loan

    PMC offers a mortgage loan that advances loan to the borrower against immovable property owned by the borrower. The loan is available to salaried and self-employed individuals. One can avail high loan amounts along with flexible repayment terms with the loan. Given below are the salient features of PMC Mortgage loan.

    • Offers loan against immovable property
    • The borrower can reside in the mortgaged property
    • Long repayment tenure for the loan
    • Offers high loan amount
    • Lower interest rate since it’s a secured loan
    • One solvent third party will be required as guarantee for loan amount above Rs. 3.00 Lakhs
    • Margin- 50% of the value assessed by Bank's approved Architect / Valuer
    • Hassle free application process

    Advantage of Mortgage loans

    Mortgage loans are secured loans and hence offer the lower interest rates. Mortgage loans will help you use your immovable property as a collateral and thus get you loan with attractive features. Mortgage loans also offer flexible tenure periods along with various other benefits.

    Punjab and Maharashtra Co-Operative Bank Mortgage Loan Reviews

    • review Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan during the last year, Punjab and Maharashtra bank offered me an interest rate of 13.95% and zero processing fee. I had taken the loan amount of Rs. 3 Lakhs for the tenure of 5 Years. I used to receive the loan statement every months through mails and hot copy it is very easy to track my loan transactions too.
      Was this review helpful? 2
      , mumbai
      Reviewed on Feb 28, 2017
    • review Personal Loan
      "First Loan Experience"
      0.5 4.0/5 "Great!"
      I availed a Personal Loan from Punjab and Maharashtra Bank in 2014. Basis on existing relationship I got the loan at 14% interest rate. But the process of verification that is followed is not acceptable. The verification team visits even the guarantorâ??s house without prior informations.
      Was this review helpful? 2
      , mumbai
      Reviewed on Sep 11, 2015
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