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Punjab National Bank Home Loan Processing Fee |
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Re: punjab national bank home loan processing fee
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 Feature of the Home loan This loan can be used for the construction of a new house/flat/apartment, purchase of an existing house, land for construction of the house, repairs and renovation of existing building and furnishing. Choose between floating and fixed interest rates. Repayment tenure ranges up to 30 years (Also, EMI of just Rs.896/lakh- Conditions Apply). Fast, transparent process with zero hidden charges. Enjoy flexible or graduated repayment option. Shift your existing home loan from another insurer to PNB and enjoy lower EMI. Loan amounts are disbursed as per the following structure- Eligibility Criteria This loan can be applied for by both individuals as well as joint owners. The applicant(s) must not be younger than 18 years and older than 70 years at loan maturity. The applicant(s) must have an established, regular source of income. In case of co-applicants like spouse, children and/or parents, their individual income can also be added. For flexible home loan- Applicant must be an existing home loan borrower, not older than 50 years and must have availed the existing home loan as per PNB’s Housing Loan schemefor the public. Interest Rate Category Floating Interest Rates Salaried 8.90% Self Employed Professionals 8.90% – 9.40% Self Employed Non Professionals 9.10%-9.60% Processing Fees Housing Loan Rs.300 lac- 0.50% of loan amount Maximum Rs.20000/- For above - Rs.50000/- |
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