PNB Pride Housing Loan For Government Employees

Punjab National Bank is offering PNB Pride Housing Loan product especially for government employees. Special offers and rates are offered to the employees other than other value added benefits. If you are a permanent employee of Central or State Government, Defence Personnel & Paramilitary forces. Loan can be availed individually or as joint owners.

Various Purpose of Getting Pride Housing Loan

Loan can be availed for construction, purchase of house or flat. Also for For purchase of under construction house/flat from Housing Boards/ Development Authorities/ Co-operative Societies/ Approved Private Builders/ Projects, PNB finances the borrowers.

If you want to improve, repair, renovate or make alterations to the house/flat then you may avail loan.

New land or plot can be purchased through PNB Pride Housing Loan.

Loan Amount You Can Get Under PNB Pride Home Loan

For Construction/Additions/Purchase of House/Flat – Need based loan depending upon the project cost and repaying capacity.

For purchase of Land/ Plot for House Building – Maximum ₹ 1 Crore for State Capitals & Metro and ₹ 50 lakhs for other centers; (Higher amount may be considered on individual merit of case)

For Repair, renovation, alterations – Maximum ₹ 25 Lakhs

{Cost of furnishing may include in the project cost with maximum up to 10% of eligible housing loan with a maximum of ₹ 5 Lakhs}.

PNB Pride Home Loan Interest Rates

Schemes	Limit Up to Rs. 75 Lac	Limit above Rs. 75 Lac
Floating PNB PRIDE (Housing)	MCLR+0.20%	MCLR+0.25%
Fixed PNB Pride	Floating (PNB PRIDE) +0.50%

What Makes PNB Pride Loan Different ?

The Bank charges zero processing or upfront fees as well as no documentation charges are levied on your loan amount.

At attractive interest rates you get loan above ₹ 75 Lakhs for your dream home.

Easy loan procedure is followed along with minimal documentation requirements.

Repayment Clause

If the loan is taken for repair/renovate/alteration of the house or flat then, loan is to be repaid over a maximum period of 15 years inclusive of moratorium period otherwise 30 years.

Factors Affecting Loan Repayment

The income of the spouse and earning children (whether married or unmarried) and of the joint owners can be added for determining the income for the purpose of borrowers` repaying capacity. In such cases, they should be made co-borrower.

Father/Mother can also be made as co-borrower in cases where property is in the single name of his/her son and also clubbing of their income be permitted for the purpose of eligibility/repayment of loan.

Likely rental income, If the property is to be let out may also be added for determining the repaying capacity.

Repayment Added Benefits

Till completion of construction or additions to the house or 18 months from the date of disbursement of first installment of the loan, whichever is earlier, the borrower doesn’t need to pay i.e it is considered as repayment holiday or moratorium period.

In case of repairs/ renovation / alterations to the house/ flat – Till completion of repairs/ renovation / alterations or 6 months, from the date of disbursement of first installment of the loan, whichever is earlier.

For purchase of ready built House/ flat OR land/plot – Till the date of possession or 3 months from the date of advance, whichever is earlier.

PNB Home Loan EMI Calculator

Getting home loan from PNB is easy and quick. Use Home Loan EMI Calculator to estimate your Home Loan EMI and also analyse interest and outstanding principal repayment. EMI calculator stands for Easy Monthly Installment Calculator. As the name suggests, It clearly means that this calculator helps the loan borrower in giving a clear idea of future loan repayment. It gives the accurate amount that you need to pay towards your loan EMIs. Details such as loan amount, tenure & rate of interest are required to know further details on EMI Calculator in less than a minute.

How To Apply For PNB Pride Housing Loan ?

Applying for home loan is easy. You can fill the above given form with your personal and professional details and submit to get instant quote on your loan eligibility in minimal time period.

Read More – How to Avoid Personal Loan Rejection

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!