Apply Today For PNB Home Loan at Low Interest Rates

Planning to buy a new house or renovating the current residence ? Then here are the answers to all your queries. Don’t know which bank to choose or where to start your loan journey ?

PNB Home Loan offers irresistible offers for its customers for home loan. You can get it in minimal time with less documents and attractive interest rates. Punjab Housing Finance Limited has a history of more than 30 years in the market. The company has Pan India presence in more than 60 locations through a network of 55 branches & 22 outreach offices. Other than the housing finance facility/product, PNB also offers Personal Loan for the ones who need fundings for their personal needs such as marriage, travelling, higher education etc.

What Makes PNB HFL Different From Others ?

PNB Housing provides housing loans to individuals for construction, purchase, repair, and upgrade of houses.

The company also provides loan against property, commercial property loan, lease rental discounting loans for commercial property, loans for purchase of residential plots and loan for real estate developers.

PNB HFL also offers Public Deposits of different maturities and various interest payment options which is the reason for why PNB is considered as the most trusted and one of the leading Housing Finance Company.

Customers can get a loan amount of ₹ 75 Lakhs and above based on the eligibility.

PNB Housing Finance presents Home Loan PNB as quick and hassle free application process with easy repayment options where your Eligibility gets customised to work out the loan amount.

It funds 90% of the property cost as the loan amount. Rest 10% is on the borrower which is inclusive of stamp duty and registration charges in case of purchase of property.

Flexible repayment is provided with tenure upto 360 months i.e 30 Years.

PNB Housing Finance Eligibility Criteria

If you are a resident individual and your age is not more than 70 years at the time of loan maturity then you are eligible to get PNB Home Loan.

Salaried, self employed professionals/non-professionals individuals can apply for home loan easily and hassle-free.

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 considered for calculation of loan eligibility.

Know the Interest Rates At Which You Will Get Home Loan

Salaried – 8.60% – 10.75% per annum

Self – Employed Professionals – 8.60% – 10.75% per annum

Self – Employed Non – Professionals – 8.75% – 11% per annum

What Documents You Need Before Applying For PNB Home Loan ?

Keep these documents handy and enhance your eligibility. Remember that it takes less time in loan disbursal when you have the required documents as per the bank demand. These documents needs to be self – attested.

For Salaried Employees	Self – Employed/Professionals
Duly filled Application Form with Photograph
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)
Education Qualifications – Latest Degree
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.’
Photocopy of Title Documents of the Property, Approved Plan

Maximum Funding For Home Loan By PNB Housing Finance

Upto Rs 30 lacs – 90% of the market value

30 lacs and above, upto 75 lacs – 80% of the market value

Above 75 lacs – 75% of the market value

Calculate Your Monthly Installments With PNB Home Loan EMI Calculator

EMI (Easy Monthly Installment) Calculator can be used to calculate your monthly installments of loan. It’s important for you to have a clear view of all your future financial journey. Before getting your hands on home loan, calculate your installments and total interest amount just by providing few details such as loan amount, interest rate and tenure period for which you are getting loan and get details in just a minute or two.

What Security Is Required For Getting Housing Finance ?

Security for the loan is a first charge by way of an equitable mortgage of the property to be financed and/or such other collateral securities as may be deemed fit by PNB Housing.

{Additional/ interim security may be required as acceptable to PNB Housing}.

How to Apply For PNB Home Loan ?

You can simply Apply Online for PNB Home Loan by filling up the form and entering your personal and professional details. Get your loan eligibility quote in minimal time. Our team will contact you and further guide you through the loan process. Get all the details regarding your future PNB Home Loan and start your loan journey for your dream house today!

Confused on How to Get Business Loan ? Know Everything Here

Have you ever thought of getting business loan and then took a step back just because you cannot get yourself into the trouble of long plans & procedure. Let’s keep your dilemma in mind and discuss everything you should know before applying for a business loan.

As you must have researched or at least talk to your friends and family about what exactly business loan stands for, which bank you can approach to get it and so on. Queries are endless and we are here to help you with these endless questions in a simplified manner.

Getting business loan is as easy as getting any other loan like Personal Loan which is much more popular amongst borrowers. Not only for large scale companies, Banks provide funds for small & medium enterprises too. All the procedures can be done online which is not at all time taking. In less period of time and hassle – free approach you can get business loan today. At this point of time you can get your loan easily at attractive & affordable rate of interest. Business loan Interest Rates differ from one bank to another and also depends on your business stability & loan repayment track record. For example, Axis Bank Business Loan ranges from 10.15% – 20.00% whereas HDFC Bank Business Loan rate starts at 15.50% p.a.

Business loan can be availed by Traders, Small Businessmen, Manufacturers, Service enterprises etc.

After you know the basics of business loan, Let’s find out if you are eligible to get your own business loan today or not. If you fulfill the below written criteria then surely you are eligible to get loan for your working capital.

If you are an Individual with business registration, Proprietorship firm, Partnership, Limited liability partnership, Private limited companies, Unlisted public private companies, Trust & Societies, then you can surely apply for business loan.

The business for which you want to avail loan should have a good overall annual turnover.

Your age should be between 21 to a maximum of 65 years.

Factors that might affect your business loan eligibility :-

Past loan track

Financial ratios of the company

Credit bureau update

Repayment capacity of customers

Business longevity

Basic documents that you should be kept handy while applying for business loans are :-

Documents required

Proof of Identity : Passport Copy, Voter ID card, Driving License or PAN Card

Address Proof : Ration card, Telephone Bill, Electricity Bill, Rental agreement, Passport copy, Bank Passbook / Statement or Driving License

Age proof : PAN Card, Passport, any other certificate from a statutory authority

Audited Financials

Income Tax Returns

Form 16 A

Last 6 month bank statements

Proof of ownership of either residence or office in the name of applicant or jointly with family members.

Sole Proprietor Declaration or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association & Board resolution (Original).

Security / Collateral

Banking/Non-Banking institutions also require security and collateral while providing loan to the borrower. Basic security is required which may vary from bank to bank. There are some banking/non-banking institutions that does not require any collaterals. Here are the few examples :-

Andhra Bank – No collateral security or third party guarantee is required.

ICICI Bank – Collateral Free Term Loans also available, Up to Rs. 1 Crore under CGTMSE scheme.

Capital First – Provides loan up to ₹ 75 Lacs with no security or collateral.

RBL Bank – Loan upto ₹ 35 Lacs with no security.

HDFC Bank – No collateral or security needed.

Bajaj Finserv – Loan upto ₹ 30 Lacs is provided with no security.

Suppose you want to avail loan from Capital First, Then you can also check your loan EMIs with the Capital First Business Loan EMI Calculator in just one minute.

Top Cities where you can get Business Loan easily

Delhi, Mumbai, Bangalore, Kolkata, Ahmedabad, Chennai, Pune, Lucknow, Chandigarh, Baroda & Bhopal.

HOW TO IMPROVE YOUR CIBIL SCORE

If you are new to the credit industry and want to take a loan from banks but don’t have a CIBIL Score according to your loan amount requirement, Then read this article carefully.

Here’s everything you need to know about Credit Score, factors affecting your credit score & how to have a good Credit Score.

Let’s first start from the basics.

What is CIBIL & CIBIL Score ?

TransUnion CIBIL Limited is India’s first Credit Information Company, Also reffered to as Credit Bureau. They collect financial report of individuals and commercial units related to loans and credit card. These records are given to the banks and other lenders on a monthly basis and thus helps in developing the credit history of a person.

CIBIL assigns each and every individual with a 3 digit number based on there loan & credit card debt repayments. The score will vary according to the individual loan repayments capacity and keeping a check on whether a person have made any late payments or any EMI defaults.

Banks give Loan or credit based on this CIBIL Score or Credit Score.

CIBIL Score Range

Your Credit Score varies from the range of 300 – 900. This is one way of banks to check your loan eligibility. Let’s first know what these scores means :-

An Ideal Credit score is 750 which means that you are repaying your existing loan and Credit card payments on time.

Anything less than 700 or 750 is considered as a credit history which is less than 6 months and the index is lower and risk is higher.

NEVER BE CREDIT HUNGRY!

Lets just be clear on the fact that being credit hungry can put you in trouble. For example, there are two individual who wants to avail loan from bank. One has a CIBIL Score of 750 and the latter has a score of 950 who have got 3 – 4 credit card and various loans like home loan, car loan & personal loan. Bank will not sanction loan to this person because already he has too many debts to clear.

Thus, not only your CIBIL Score but several other factors will be taken into consideration before sanctioning the loan.

Factors affecting CIBIL Score

Payment history

Multiple credits

High credit hunger

Taking high amount of unsecured loans like Personal loan will reduce your credit score even if you are repaying them on time.

Never use all your credit at once. Decide a necessary amount and utilize the same. For example, use only 80% of your credited amount.

How Credit Score is calculated ?

With higher CIBIL Score you are likely to get loan from any prime lender at competitive interest rates. This CIBIL Score is calculated considering :-

Past performance

Credit type & duration

Amounts owed

Any new credit taken

How to Increase your Credibility ?

By now you must have concluded that loan will be sanctioned to you only when you’ll have a good credit score. Other criteria like the borrower’s age, Income, existing bank account holders, occupation are also important. However, you can improve your CIBIL score by the following means :-

Timely payments of credit card

Maintain a credit mix profile

No need to apply for too many credit cards

Get secured cards

Don’t worry if you don’t have a credit card!

Banks give secured cards which are credit cards against fixed deposits. Unlike normal credit card banks do not issue secured credit cards on the basis of your CIBIL Score. Hence, these cards can be used to improve your CIBIL.

You just have to pay a security deposit against which the bank will issue a secured credit card. You can simply pay your EMIs on time and in this way your credit score will show improvement after 6 months of issuing the secured credit card. Many banks offer these cards on different fixed deposit rates.

Remember that if you need loan 6 months later, you have to issue secured card now and start repaying them on time.

Eligibility

Any Indian citizen having a PAN card & other ID proofs like adhaar card, Voter ID, Driving License can apply for secured cards.

How to check your CIBIL Score ?

To check your CIBIL Score, You just need to fill in your personal details such as Name, Date of Birth, Gender, Residence address, Email ID, Mobile number and you can easily check your CIBIL Score anytime online at any credit agency.

How to get Personal Loan for your Dream Wedding ?

Wedding season is round the corner. Everyone wants their wedding to be the best one. Everything should be perfect on the day. Be it the venue, food, attires, jewellery or decoration, Everything is supposed to be in place and according to your expectations. To fulfill these expectations you need funds, this is where everything you ever wished for, seems impossible. Isn’t ? either way the only hurdle that seems difficult to cross is ‘money’.

Best way to overcome this is to take a wedding loan which is a types of a personal loan to meet the requirement of your wedding.

Personal loan can be availed from any bank at minimum rate of interest. This must be kept in mind that getting a loan is just the first step. There are many things that you need to consider before applying for a loan.

‘TO DO THINGS’ while getting a marriage loan

Consider your income –Personal loan is easy to get but you should first consider your own cash flow. Try to avoid situation where the borrower is unable to pay the money which tend to happen with most of the people. As a borrower you should know your own repayment capacity according to your source of income.

Look out for options – There are plenty of options that are enough to satisfy your need but you need to look out for handful of options before hopping on to any conclusion. Choose the bank that is offering best personal loan interest rates and tenure.

Ask questions & Know everything – After you have selected from which bank you want to avail loan, It’s important to know every charges that comes with it. Know the Interest rates, Processing fee & Other charges linked with it. Banks try to keep the process as transparent as possible but you can ask queries any time you want to.

Know your purpose – Your purpose of getting a personal loan should be clear. Try and cut short your expenses, Be specific about your spendings even if you’ve got a big loan amount sanctioned.

Check out the marriage loan details from top banks, Eligibility & Get quick loan approval. Also Also, Check your loan amount installments with Loan EMI Calculator  in less than a minute.

Eligibility Criteria to get marriage loan

• Any salaried or self employed person is eligible to get marriage loan.
• The minimum age should be 21 (23 for some banks) to apply for loan.
• Minimum income should be ₹ 20,000/- which may vary from bank to bank.
• Ideal credit score should be 700 or above.

Basic Documents required

• Income statements (Salary slip, Form 16)
• Bank statement of last 6 months
• latest income tax returns
• ID Proof – Adhaar card, Voter ID, Passport, Driving license.
• Residence proof – Electricity bill, telephone bill, adhaar card, ration card
• Age Proof – Birth certificate, passport, adhaar card.
• Latest passport sized photograph
• Other KYC documents

Marriage loan details from top banks

SBI (State Bank of India)

SBI provides personal loan at affordable interest rates & low processing fee. Any resident individual can apply having a minimum 2 years of experience with minimal documentations. Check other important details below :-

Maximum Loan amount – ₹ 10 lacs

Interest rate – 12.45% onwards

Security – NIL

Repayment tenure – 48 Months

Processing fee – 2%-3% of the loan amount + GST

ICICI BANK

ICICI offers personal loan for your marriage with less rate of interest. It charges up to 2.25% plus GST per annum as processing fee. No security or collateral is required to avail loan from ICICI bank and that too with minimal documents.

Maximum Loan amount – ₹ 20 lakhs

Interest Rate – starting from 10.99%

Pre payment charges – 5% per annum of principal outstanding plus GST

Re payment period – 5 years

AXIS BANK

Get quick approval on your marriage loan with less documents & flexible repayment tenure. Axis bank provides expert advice on personal loan to meet the wedding needs according to your income & cash flow. Look below for axis bank personal loan details :

Minimum age to apply for the loan is 21 years

Maximum Loan Amount – ₹ 15 lakhs

Rate of Interest – 15.50% – 24% p.a

Processing fee – up to 2% + GST

No prepayment or foreclosure charges

TATA CAPITAL

You can get personal loan from Tata Capital without any security or collateral. They offer competitive interest rates and low processing fee. To get instant loan check out for the information below.

Age limit & minimum income :-

25-65 years having an annual business or professional income of Rs 2,00,000 and above

21-58 years having a salary income of Rs 20,000 and above

Maximum Loan Amount – ₹ 15 lakhs

Interest rates – 11.49 and 19%

Processing fee – depends on loan amount

HDFC Bank

Salaried Individual can apply for personal loan from HDFC bank and get easy loan disbursal in less than 48 hours after successful documents verification.

Maximum Loan Amount – ₹ 15 lakhs

Interest rates – 15.75% – 20%

Processing fee – up to 2.50%

Repayment tenure – 12 to 60 months