The Punjab National Bank offers following types of Housing Loans:

Housing Loans by Punjab National Bank:

Private Builder`S Approved Project On PAN India Basis
PNB Pride Housing Loan For Government Employees
Housing Loan For Public
Housing Loan For Public – Pradhan Mantri Awas Yojana – Housing For All
PNB Gen-Next Housing Finance Scheme For Public

Here I am giving details about ‘Housing Loan For Public’ for your reference:

Housing Loan For Public
Purpose:
For construction of house/ flat;
For purchase of built house/flat.
Authorities/ Co-operative Societies/ Approved Private Builders/ Projects.
For meeting cost escalation in the cases of under-construction flats to existing Housing Loan borrowers.
For purchase of land/plot for house building.
For purchase of under construction house/flat from Housing Boards/ Development
For carrying out Additions to the house/flat.
For carrying out repairs/ renovation / alterations/ cost of furnishing to the house/flat.

Eligibility:
Individuals or Joint owners.

Quantum Of Finance:
For Construction/Additions/Purchase of House/Flat: Need based loan depending upon the project cost and repaying capacity.
For purchase of Land/ Plot for House Building: Maximum Rs.100 lacs for State Capitals and Metro and Rs. 50 lacs for other centers;
For repairs / renovation / alterations: Maximum Rs.25 lac.

Margin (Borrower`S Contribution):
Housing Loan Upto Rs.75 lac 20%
Housing Loan Above Rs.75 lac 25%
Purchase of Land/Plot for House Building 25%

Security:
Equitable/registered mortgage of the property in question.

Repayment:
Loan for carrying out repairs/ renovation / alterations to the house/flat: Max.15 years inclusive of moratorium period

Rate of Interest:
Rate Of Interest (Based On MCLR Of 1 Year)
Limit Up to Rs. 75 Lac Limit above Rs. 75 Lac

Floating Women* MCLR+0.20% MCLR+0.25%
Floating Others MCLR+0.25% MCLR+0.30%
Floating PNB PRIDE #(Housing) MCLR+0.20% MCLR+0.25%
Floating OD HL MCLR + 1.40%
Fixed General FLOATING +0.50%
Fixed PNB Pride# Floating (PNB PRIDE #) +0.50%
For purchase of stand alone solar system MCLR+2.10%

Processing Fee:
For Rs.300 lac- 0.50% of loan amount Maximum Rs.20000/- For above - Rs.50000/-

Documentation Charges:
Rs.1350/-