#1
April 8th, 2017, 10:57 AM
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Housing Loan Punjab National Bank
How many types of Housing Loans are offered by Punjab National Bank? Can you please give details of Housing Loan Schemes of Punjab National Bank in detailed?
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#2
April 8th, 2017, 12:18 PM
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Re: Housing Loan Punjab National Bank
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/- |
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