#1
18th November 2015, 03:32 PM
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PNB OD Limit
Who is Eligible for Overdraft limit under the Housing Finance Scheme of Punjab National Bank PNB?
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#2
18th November 2015, 03:32 PM
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Re: PNB OD Limit
Punjab National Bank is an Indian financial services company based in New Delhi, India. It was established in 1894. It is one of the Big Four banks of India. The bank has over 6,300 branches and over 7,900 ATMs across 764 cities. Housing Finance Scheme For Public- Eligibility for Overdraft limit - Person who is availing or intends to avail housing loan facility for the purpose of purchase/ construction/ repair/ renovation is eligible to avail OD limit under the scheme. Take over cases are also eligible under the scheme. Maximum amount of Overdraft - Minimum limit is Rs.50000/- Maximum limit is Rs.25.00 lac. However, sanction of Overdraft limit above Rs.5.00 lac is restricted to maximum 25% of the Housing Loan amount sanctioned For loan above Rs.20.00 lac OD limit will be restricted to 25% of Housing loan sanctioned The OD limit is for personal use without subject to any end use verification and it is not mandatory to use the same for Housing purpose. |
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