PNB Housing Finance Ltd Mortgage Loan
PNB Housing Finance Ltd Mortgage Loan - http://www.loansandcredits.in/apply-pnb-housing-finance-ltd-home-loan/
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Apply PNB Housing Finance Ltd Mortgage Loan
Apply PNB Housing Finance Ltd Mortgage Loan :- To see how a mortgage loan advance functions, envision obtaining a cash-flow to support a startup or pay for a current business’ development without swearing anything against the acquired sum.[/vc_column_text][/vc_column][/vc_row][vc_row 0=""][vc_column width="1/2"][contact-form-7 id="3155"][/vc_column][vc_column width="1/2"][vc_column_text]
PNB Housing Finance Ltd Mortgage Loan
LOAN AGAINST PROPERTY
At PNB Housing, we provide loans against mortgage of existing residential/commercial immovable property in our branch locations. End use of the loan may be towards expansion of business, foreign travel, personal requirements such as education, marriage of children, family function, medical expenses, furnishing of the house, buying high cost consumer durables, etc. However, funds should be used for only a legitimate purpose.
Advantages of taking Non Home Loan from PNB Housing
- Provides an extensive range of non-home loan products like Loan for Purchase & Construction of Commercial Property, Loan Against Residential & Commercial Property and Lease Rental Discounting
- Pan India branch network
- Robust service delivery model – door step services ensuring easy and fast approval & disbursal of loans
- Excellent post disbursement services
- Facility of enhancement in loan amount in the event of escalations in cost
- Dedicated team of well-experienced employees who work on best-in-class information systems & network to deliver and provide customer satisfaction
- High standards of ethics, integrity and transparency
- Various repayment options
ELIGIBILITY CRITERIA
- You should either be a salaried employee or a self-employed professional/ non-professional.
- Your age should not be more than 60 years if you are a salaried employee and not more than 65 years if you are a self-employed professional/ non-professional, at the time of loan maturity.
LOAN AGAINST PROPERTY: INTEREST RATES
FLOATING RATE
PNB Housing offers floating rate of interest, linked to its benchmark rate PNBHFR:
PNBHFR for existing customers (loan disbursed) acquired before 1st March 2017: 14.35% p.a.
PNBHFR for new customers (loan disbursed) acquired on and after 1st March 2017 as follows:
- PNBHFR NHL: 9.15%
Loan against Commercial Property
| Non Home Loan Product | Floating Rate of Interest |
|---|---|
| Loan against Commercial Property | 10.00%-10.50% |
Loan against Residential Property
| Non Home Loan Product | Floating Rate of Interest |
|---|---|
| Loan against Residential Property | 9.75%-10.25% |
Loan against Plot (residential/commercial)
| Non Home Loan Product | Floating Rate of Interest |
|---|---|
| Loan against Plot (residential/commercial) | 11.00%-11.50% |
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Loan EMI Calculator
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DOCUMENTS REQUIRED
| Salaried Employees | Self Employed/Professionals |
|---|---|
| Duly filled Application Form with Photograph | Duly filled Application Form with Photograph |
| Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority) | Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority) |
| Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority) | Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority) |
| Education Qualifications – Latest Degree | Education Qualifications – Latest Degree (for professionals) |
| Latest Salary-slips for 3 months | Certificate & Proof of business existence along with Business Profile |
| Form 16 for last 2 years | Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant |
| Last 6 months Bank Statements(salary account) | Last 12 months Bank Account Statements (self & business) |
| Processing Fee Cheque in favour of ‘PNB Housing Finance Ltd.’ | Processing Fee Cheque in favour of ‘PNB Housing Finance Ltd.’ |
| Photocopy of Title Documents of the Property, Approved Plan | Photocopy of Title Documents of the Property, Approved Plan etc. |
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LOAN AMOUNT
- Maximum loan amount would be 60% of the market value of the property as certified by PNB Housing’s approved valuer or repayment capacity of the customer, whichever is lower.
- Loan eligibility shall be determined by PNB Housing taking into account income, age, qualification and occupation etc.
- Income of borrower(s)/ co-borrower(s) may be clubbed together for calculation of loan eligibility.
LOAN REPAYMENT
Loan repayment is in Equated Monthly Installments (EMI) comprising of principal and interest through Post Dated Cheques/ Electronic Clearance System over a maximum period of 15 years.[/vc_column_text][/vc_column][/vc_row][/vc_section]
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