In every life, dreams and aspirations are the fuel that power innovation and progress. When it comes to life goals, and irrespective of where you are from, owning a house is definitely at the top of the list. In India, the Punjab National Bank (PNB) home loan has helped thousands of people crunch this crucial goal. And, with the ease and features afforded by the PNB home loan, its popularity and impact has multiplied over the years. A nationalized bank with a popular and customer friendly home loan product, what’s not to like?
At least 18 years old
Less than 70 years old
Salaried or self-employed
with regular income
Earn more than the minimum
Earn more than the minimum
Loan capped @ 90% of property value
EMIs of other loans lower
Make your spouse a co-applicant,
and her income will add
to your eligibility
Choose longer tenure loan up to 30 years or 70 years of age whichever is earlier
Alternatively add your parents
|Processing Fees||Upto Rs 300 lacs-0.50% , Max Rs.20000/- exclusive of service tax
Above Rs 300 lacs - Rs 50000/- exclusive of service tax
|Loan Tenure||30 years or 70 years of age whichever is earlier|
|Pre Closure Charges||Nil|
A Home loan, as the name suggests, is funds offered by a bank to help an individual purchase a new house/flat/apartment, an old property, land for the construction of the house or renovation of the existing house/property. With PNB home loan, acquire a resource that is immensely customer centric, involving a transparent and quick processing cycle, the goodwill that is associated with a renowned banking organization and importantly, the PNB home loan interest rate that is one of the most attractive in its class.
Punjab National Bank, or PNB as it is popularly known, boasts of 120 years of fruitful experience and an enviable 6081 branches across the country, including 5 overseas branches. The bank counts ‘PNB Flexible Housing Loan’ as an important product in its arsenal. The bank ‘banks’ on its traditional image, strong banking fundamentals, nationwide presence and immaculate brand image to woo its target customers. And, considering the impressive returns that the bank is registering year-on-year, the plan is working!Features of Punjab National Bank Home Loan
The following features are the highlights of the PNB Home Loan:
The eligibility criteria set for the acquisition of a home loan from PNB are as simple and customer centric as possible, amounting to the following-
Next, when applying for the home loan, the following documents must be kept ready for verification-
Currently, PNB Home Loan is one of the popular home loan products available in the Indian market. One of the fundamental reasons for its enduring popularity is the PNB home loan interest rate that is comparable to some of the most competitive available options. You can avail this loan at the interest rate of 9.60% (floating) and 10.10% (fixed) over a maximum repayment tenure of 30 years.