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Old 2nd August 2016, 05:09 PM
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Join Date: Mar 2013
Default Re: Punjab And Sind Bank Housing Loan Interest Rates

Punjab And Sind Bank provide Housing Loan for Construction/ Acquisition/ Purchase/ Extension/ Repair / Renovation.

Housing Loan Rate of Interest

Loan Amount Rate of Interest (p.a.)
Upto Rs.75.00 lacs One Year MCLR(9.65%) = 9.65%
Above Rs.75.00 lacs One Year MCLR (9.65%) + 0.25%= 9.90%

Margin-

For Purchase of Plot only, offered / allotted by Govt. authorities and/ or Builders who are Bank’s borrowers-

a) 25% of the Cost of plot up to a finance amount of Rs.100 lac upfront
b) 40% of the Cost of plot for the finance amount over and above Rs.100 lac upfront

For Construction or for Purchase of Plot & Construction:

For purchase of plot: 40% of the cost of land / plot upfront

For construction-

10% of the value of construction, proportionate for loans up to Rs. 20 lacs

20% of the value of construction, proportionate for loans above Rs. 20 lacs & upto Rs 75 lacs.

25% of the value of construction, proportionate for loans above Rs. 75 lacs

(loan amt. for ascertaining margin would be after clubbing both the loans i.e. for plot + for construction)

For Purchase of Built up dwelling unit:

10% of the total value of property for loans up to Rs. 20 lacs up-front

20% of the total value of property for loans above Rs. 20 lacs & up to Rs. 75 lacs up-front

25% of the total value of property for loans above Rs. 75 lacs up-front

For Extension / Renovation /Repair:

10% of the total estimated cost, proportionate for loans up to Rs. 20 lacs

For Purchase of Flat from Society/ Builder:

10%of the total value of property, proportionate for loans up to Rs. 20 lacs

20%of the total value of property, proportionate for loans above Rs. 20 lacs & up to Rs. 75 lacs

25%of the total value of property, proportionate for loans above Rs. 75 lacs

Contact-

Call Centre : All India Toll Free Numbers:1800-419-8300

For Hot Listing (Blocking) : ATM/Rupay Cards : 044-47415691/2/3/4/5

For Hot Listing (Blocking) : ATM/Rupay Cards : 1800-103-2278

Queries Regarding Remittance from abroad : 011-25728460, 25728462, +91 9473662280,Mr. Abhishek Nigam
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