#1
5th March 2016, 04:29 PM
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Overdraft Against Property Punjab National Bank
Will you please give here detail about the Overdraft /Loan Against Property of Punjab National Bank ?
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#2
5th March 2016, 04:29 PM
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Re: Overdraft Against Property Punjab National Bank
As you want I am here giving you detail about the Overdraft /Loan Against Property of Punjab National Bank. Loan Against Mortgage of Immovable Property: Eligibility Personal Needs: Employees of Central/ State Govt./ Schools/ Colleges/ Public Sector Undertakings (PSUs). Employees of Reputed Corporates and Other Income Tax Assesses. Age : Below 60 years. Business Enterprise : Existing customers with a satisfactory track record of three years . Income Criteria For salaried and other income tax assesses: Minimum net monthly salary of Rs.10,000/- for last three years (salaried class) or Minimum net annual income of Rs.1,20,000/- (for other income tax assesses). For Business Enterprises: Minimum Net annual income/ Net Profit of Rs.120000/- and above. Quantum of Finance For Personal needs: Rs 1.00 lac to Rs 5.00 lac. For Business needs : Rs. 5.00 lac to Rs. 500.00 lac. Documentation Charges Rs 1500.00 exclusive of Service tax & Education Cess Security Equitable Mortgage of the unencumbered residential House/Flat or Commercial or Industrial property self occupied or vacant. |