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  #2  
Old 3rd December 2015, 10:36 AM
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Default Re: Punjab National Bank Property Loan

Hello friend what is the eligibility for property loan and Quantum of Finance in Punjab National Bank?
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  #3  
Old 3rd December 2015, 10:37 AM
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Join Date: Apr 2013
Default Re: Punjab National Bank Property Loan

Hello brother as you ask for the eligibility for property loan and Quantum of Finance in Punjab National Bank here I am providing the details for this…..

Eligibility
Personal
Employees of Central/ State Govt./ Schools/ Colleges/ Public Sector Undertakings (PSUs)/ Reputed Corporates and Other Income Tax Assesses, who are below the age of 60 years

Income Criterion
Minimum net monthly salary of Rs.10,000/- for last three years or minimum net annual income of Rs.1,20,000/-

Quantum of Finance
Rs 1.00 lac to Rs 5.00 lac

Documentation Charges
Rs 900.00 exclusive of Service tax & Education Cess

Security
Equitable Mortgage of the unencumbered residential House/Flat or commercial or industrial property (in the shape of building/ Industrial Shed) self occupied or vacant

Documentation needed
Signed application form with photograph
Proof of identity: Passport/voter ID card/driving license
Proof of address: Ration card/telephone or electricity bill/rental agreement/passport
Processing fee cheque
Last 3 months bank statement/6 months bank passbook
Documentation for salaried applicants:
Latest salary slip
Current dated salary certificate with the latest Form 16
Documentation for self-employed applicants:
Latest Bank statement
Latest ITR or Form 16
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  #4  
Old 9th January 2016, 11:56 AM
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Default Re: Punjab National Bank Property Loan

Hello Guys , I want to Get Residential Property Loan from Punjab National Bank Can you plzz Give me Eligibility and Interest Rate, Information for my help ?
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  #5  
Old 9th January 2016, 11:57 AM
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Join Date: Apr 2013
Default Re: Punjab National Bank Property Loan

Friend for your help ,Here I am Providing Residential Property Loan Information of Punjab National Bank

To Ensure Availability of Housing Loan at Attractive Rates And Ensure a House For All

Purpose :

For Purchase of Built House/Flat

For purchase of under construction house/flat from Housing Boards/ Development Authorities/ Co-operative Societies/ Approved Private Builders/ Projects

Eligibility :

Individuals or Joint owners

Quantum of Finance

For purchase of Land/ Plot for House Building: Maximum 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: Maximum Rs.25 lac.

Cost of furnishing may be included in the project cost with maximum upto 10% of eligible Housing loan with a maximum upto Rs.5.00 lac.

Margin (Borrower’s contribution)

Housing Loan Upto Rs.75 lac
20%

Housing Loan Above Rs.75 lac
25%

Purchase of Land/Plot for House Building
40%


Rate of Interest

Under floating Rate option: @ Base Rate

Under fixed rate option: @ Base Rate+0.50%

Processing Charges/ Upfront fee

Upto Rs 300 lacs
0.50% of loan amount, max Rs 20000/- exclusive of service tax

Above Rs 300 lacs
Rs 50000/- exclusive of service tax
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