#1
25th June 2015, 01:01 PM
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Punjab National Bank Home Loan Interest Rate
Guys I am planning to take Home Loan on my house from Punjab National Bank (PNB). Would you please tell me what is the Interest Rate of PNB on Home Loan? Kindly provide me list of all the documents required for it and provide me Terms and Conditions of this Loan in PDF format so I will read these terms first.
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#2
22nd December 2015, 05:30 PM
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Re: Punjab National Bank Home Loan Interest Rate
What is the rate of interest which is charged for Housing loans by Punjab National Bank, as I am planning to avail one & like to know the details?
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#3
22nd December 2015, 05:31 PM
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Re: Punjab National Bank Home Loan Interest Rate
Purpose of the Housing Loan for Public is based on following: Construction of house/ flat; To Purchase of built house/flat. To Purchase of under construction house/flat from Housing Boards/ Development by authorities/ Co-operative Societies/ Approved Private Builders/ Projects. To Carry out Additions to the house/flat. To Carry out repairs/ renovation / alterations/ cost of furnishing to the house/flat. Meeting cost escalation in the cases of under-construction flats to existing Housing Loan borrowers. To Purchase of land/plot for house building. Eligibility for loans is either Individuals or Joint owners. Quantum of Finance For Construction/Additions/Purchase of House/Flat: could do with loan depending upon the project cost and repaying capacity. For purchase of Land/ Plot for House Building: upper limit of Rs.100 lacs for State Capitals and Metro and Rs. 50 lacs for other centers; (Higher amount may be considered on individual merit of case) For repairs / renovation / alterations: utmost is Rs.25 lac. Cost of furnishing may be included in the project cost with utmost upto 10% of eligible Housing loan with a maximum upto Rs.5.00 lac. Rate of Interest Under floating Rate option @ Base Rate Under fixed rate option @ Base Rate+0.50% BASE RATE is 9.60% w.e.f. 01.10.2015 |
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