12th September 2015 01:54 PM | |
Shaleen | Re: PNB Flexible Housing Loan Punjab National Bank was founded in the year 1895. It is an Indian financial services company based in New Delhi, Delhi, India . PNB Flexible Housing Loan details – It offers the borrowers advantage of substantial savings on interest component on account of facility to: I. Withdraw the same at their choice as per their needs and II. Deposit their surplus funds in the overdraft account; 1. Eligibility The age of applicants must be below 50 years and existing Housing loan borrowers under Housing Loan scheme for public subject to fulfillment of all terms & conditions of this variant : 2. Nature of Facility Term Loan - 80% and overdraft 20%. 3. Extend of Loan Extent of enchancement equal to reduction in Term Loan Amount. First enhancement allowed after 3 years, Overdraft limit enchanced upto 50% of total loan amount sanctioned. Borrowers are entitlement for 20% increase in original limit sanctioned after a lapse of five years. 4. Margin---20% and 25%: Repayment-- Overdraft component: - For 55 years and above: On monthly reducing drawing power maximum upto the age of 70 years. - For Borrowers below 55 years: Servicing of Interest as and when charged i.e. on Monthly Basis. |
12th September 2015 01:53 PM | |
Unregistered | PNB Flexible Housing Loan What are the eligibility conditions required to apply for the Flexible Housing Loan scheme available at Punjab National Bank ? |