PNB Home loan can be taken to fund your dream house purchase. A home loan is a secured loan, where the house you intend to purchase is considered as collateral. The PNB (Punjab National Bank) Housing Finance Limited is a renowned bank offering multiple home loans letting their customers decide what solution works best for them.
At Loanbaba.com, you will come across all types of PNB Home Loans in India.
|PNB Home Loan Details Updated on
Up to Rs. 10 crores
1 year to 30 years
Some of the PNB home loan features are as follows.
At Loanbaba, you can compare and apply for home loans online. You can check out several home loan schemes by PNB housing finance go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. You can also quickly apply for PNB Home Loan online on our website without having to visit the branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
You can apply for Home Loan PNB housing finance or loan with any other bank /NBFC home loan at Loanbaba.com.
The PNB housing finance home loan interest rate starts at 8.35% onwards, but varies as per individual profile. Keep a check on this page to note the updated PNB housing finance home loan interest rates for the current year.
Home loan eligibility may differ from one candidate to another. You can also use free-of-cost PNB housing finance home loan eligibility calculator at Loanbaba.com. The eligibility criteria for PNB housing finance housing loan are discussed below:
PNB housing finance has home loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.
Below provided are important questions about home loan PNB housing finance in India.
Home purchase loan – it is a loan offered for construction, purchase or extension of living space.
Home construction loan – it is a loan offered to people wanting to self-construct a residential place.
Home extension loan – it is offered when you want to extend the existing space of your house.
Home improvement loan – this is offered specially for functional development of your house. This includes repairs, painting, roofing, plumbing, waterproofing, electronic work, etc.
Residential plot loan – these loans are primarily for the purchase of a residential plot in city areas subsequently where your house will be built.
NRI loans – this helps the NRIs construct, repair, renovate or purchase residential properties in India.
What are the Eligibility criteria of PNB Housing Finance Loan?
The applicant should be an Indian citizen or an NRI. The person should, however, be a person of Indian Origin (PIO).
The applicant should be more than 70-year-old during maturity.
If the applicant is looking for an NRI loan, then he should have been working for at least 1 year in the foreign country. Any person who is moving abroad on deputation is not eligible for this loan.
Rate of Interest
Up to 0.5%, Should be at least Rs. 5900
Tenure of the loan
1 - 30 years
No guarantor required