PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016.
With over three decades of specialised experience in housing finance, PNB Housing has a robust network of branches spread across the country which help its customers avail financial services (loans and deposits) seamlessly.
PNB Housing provides housing loans to individuals and corporate bodies for purchase, construction, repair and upgradation of houses. It also provides loans for commercial space, loan against property and loan for purchase of residential plots.
| Salaried | Self Employed | Professional | |
|---|---|---|---|
| Age | 25 To 60 Years | 25 To 65 Years | 25 To 65 Years |
| Loan Amount | 5 Lakh To 75 Lakhs | 5 Lakh To 5 Crore | 5 Lakh To 5 Crore |
| Tenure | Max. 30 Years | Max. 30 Years | Max. 30 Years |
| Rate of Interest / APR [Annual Percentage Rate] | 9.25% to 11.50% | 9.25% to 11.50% | 9.25% to 11.50% |
| Features | Excellent post disbursement services | Excellent post disbursement services | Excellent post disbursement services |
| Processing Fees | Min. 10000/ Or 0.25% + Service Tax | Min. 10000/ Or 0.25% + Service Tax | Min. 10000/ Or 0.25% + Service Tax |
| Special | NA | NA | NA |
| Documentation | KYC/Financial(2 Years) & Property Documents. | KYC/Financial(2 Years) & Property Documents. | KYC/Financial(2 Years) & Property Documents. |
| Eligibility | For Salaried individuals, PNB Housing Loan eligibility criteria are
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For self-employed individuals, PNB Housing Loan eligibility criteria are Whether you are a businessman, doctor, CA or an engineer we have customized home loans up to Rs. 5 crores, if-
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For self-employed individuals, PNB Housing Loan eligibility criteria are Whether you are a businessman, doctor, CA or an engineer we have customized home loans up to Rs. 5 crores, if-
|
| Particulars | Salaried | Self Employed | Professional |
|---|---|---|---|
| Age(Min-Max) | 25 To 60 Years | 25 To 65 Years | 25 To 65 Years |
| Minimum Income | Min. 3,00,000/ p.a | Min. 1.50 Lakh Profit Yearly | Min. 4 Lakh Receipt |
| Co-applicant | NA | NA | NA |
| Loan Tenure | Upto 30 Years | Upto 30 Years | Upto 30 Years |
| Maximum Loan Amount | Max. 75 Lakhs | Max. 5 Crores | Max. 5 Crores |
| Employment/Business Continuity | Min. 3 Years | Min. 3 Years | Min. 2 Years |
| CIBIL Score | Min. 700 | Min. 600 | Min. 650 |
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 month
Form 16 for last 2 years
Last 6 months Bank Statements(salary account)
Certificate & Proof of business existence along with Business Profile
Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant
Last 12 months Bank Account Statements (self & business)
| Fee | Amount to be Paid |
|---|---|
| Rate of Interest | 9.25% to 11.50% |
| Loan Processing Charges | Min. 10000/ Or 0.25% + Service Tax |
| Cheque Bounce Charges | NA |
| Cheque/ Instrument Swap charges | NA |
| Prepayment/ Foreclosure Charges | NA |
| Default Interest Rate | NA |
| Duplicate Statement Issuance Charges | NA |
| Duplicate Amortization Schedule Charges | NA |
| Duplicate Interest Certificate | NA |
| S(Provisional/ Actual) issuance Charges | NA |
PNB Housing excels in providing a complete bouquet of services to customers to meet their Home Loan needs. Ease of applying for a loan with branches spread across India, robust service delivery model and mark to market credit & financial policies help customers build a long term relationship of trust and commitment.
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