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Product Details
Bank Name

Punjab National Bank Housing Finance(PNBHFL)

Maximum Loan Tenure

30 years

Maximum Loan Amount

2 crore

Interest Rate

50% per annum for salaried & 8.55% self-employed individuals.

Type

Floating

Punjab National Bank Housing Finance(PNBHFL)
Down Payment

PNB Housing promises to alleviate the initial financial burden of downpayment. PNB Housing can sanction and finance up to 90% of the house value (percentage funding depends upon the loan amount), implying you only have to arrange money for the remaining 10% to have a dream home finally.

Fees and Charges

Processing Fee: Up to 0.35% + GST

Minimum CIBIL Score

611

Down Payment and Fees

Punjab National Bank Housing Finance(PNBHFL)

Special Features

Quick sanction and disbursement 

Eligibility Criteria
Age LimitApplicants should be 21 years or above at the time of applying for a home loan. Age should not exceed 70 years at the time of home loan maturity. Monthly salary/incomeINR 15,000 and above Required CIBIL ScoreMinimum 611 Work experience for salaried individuals3+ years Business continuity for self-employed3+ years
Special Concession
Check with your lenders if women concession is given.
Home Saver Option
yes
Features, Eligibility and Concession
Pros
PNB Housing Finance offers loan repayment insurance in collaboration with prominent insurance companies, providing financial protection to borrowers in case of unfortunate events. Doorstep services are available for a quick and hassle-free disbursal of the loan. A wide range of home loan products are available, including loans for home improvement, home extension, and purchase of plots. The loan repayment tenure can be as long as 30 years. PNB Housing Finance offers competitive interest rates and flexible repayment options to suit the borrower's needs. The company has a transparent and customer-friendly loan application and approval process. Borrowers can track their loan application status and manage their loan account online through the company's website or mobile app.
Cons

Lower Return on Equity

Pros & Cons
Application Procedure

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