|Loan Name||Interest Rate||Processing Fee||Loan Amount||Tenure|
|Housing Loan for Public||MCLR + 0.20% - MCLR + 0.45%||0.35% of loan amount||Above Rs 75 lakhs||1-30 Years|
|Housing Finance Scheme for Public – PNB Max-Saver||MCLR+0.20%-MCLR+5.00%||0.35% of the loan amount||Minimum 10 lakhs||30 years|
|PNB Pride Housing Loan for Government Employees||8.60% - 8.85%||Nil||up to Rs 1 crore||up to 30 years|
|PNB Gen – Next Housing Finance Scheme for Public||10%||Rs 2500 - Rs 15000||Need Based||up to 30 years|
|Housing Loan for Public – Pradhan Mantri Awas Yojana – Housing for All||0||3000||up to Rs 30 lakhs||up to 30 years|
|Housing Loan for Public – PMAY – Middle Income Group||0||0||above Rs 75,00,000||up to 20 years|
Q: What is the criteria on which the Punjab National Bank decides the quantum of loan for the home loan seekers?
A: The maximum loan amount will be disbursed based on the following structure:
25 lakhs (max)
Q: What is the interest rate PNB offers for house loan borrowers?
A: Punjab National Bank offers attractive interest rates for home loan borrowers based on the applicant's profile. The interest rate ranges between 8.50% to 10.25.
Q: What are the features of Pradhan Mantri Awas Yojana housing loan Scheme?
A: Under the Pradhan Mantri Awas Yojana scheme, the beneficiaries will receive a subsidy between Rs. 1 lakh to Rs.2.3 lakh from the central government treasury. This subsidy will help people who are from the Low-Income Categories(LIC) and Economically Weaker Sections(EWS) of society to build a house. From the date of disbursement of the loan till the next 15 years the beneficiary will enjoy a subsidized interest rate of 6.5% on loan. The subsidy will be available for loans up to Rs. 6 lakhs. If the loan amount is higher than Rs. 6 lakh then it will not be subsidized. This scheme is mainly targeted towards female applicants and therefore, female applicants will get loans allotted quickly. The maximum subsidy amount under this scheme will be Rs.2,20,187. This scheme does not charge processing or documentation fee.
Q: What are the documents required to apply for a housing loan in PNB?
A: The following documents are required to apply for a housing loan in PNB.
Q: What is the maximum loan amount granted by PNB to its borrowers of home loan?
A: The amount of funding one gets from PNB Housing is based on the total loan amount. The maximum funding that PNB Housing offers is given below: