| PNB reaches out to you with fast, friendly and most convenient
home loans for:
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Construction
or purchase of house/ flat. |
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Purchase of house/ flat on First Power of Attorney
basis from the original allottee. |
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Carrying out
repairs/ renovations/ additions/ alterations to
existing house/ flat. |
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Special Feature- To cover the loan outstanding,
life Insurance cover is also available on payment
of one time premium which can also be financed by
the Bank. |
| Extent of loan |
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Individual
For construction/purchase of house/ flat:- 75% of the
cost of construction of house or purchase of house/ flat
.
For carrying out repairs/ renovation/ additions/ alterations:
- 75% of the estimated cost subject to maximum of Rs. 20lacs.
Loan upto Rs.20 Lacs for purchase of Land/Plot.
Loan is available maximum upto Rs.2 Lacs for furnishing.
| Security |
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Mortgage of
property for which finance is being given.
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In
case of purchase of house/ flat from housing board/
society where mortgage cannot be created immediately,
a tripartite agreement shall be executed amongst
the housing board/ society, borrower and the Bank. |
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In case of
purchase of house/ flat on first power of attorney,
additional security equal to 125% of the loan
amount by way of mortgage of some other property
or pledge of bank's FDR/ LIC policy/ Govt. Securities,
NSCs, KVPs, IVPs, / PSU Bonds etc. has to be provided.
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| Rate of Interest |
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Click Here to view rate of interest
| Upfront Fee |
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0.90% of the loan amount + Service Tax & Education Cess
| Documentation Charges |
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Rs.1,350/- + Service Tax & Education Cess
| Repayment |
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Loan is to be repaid in equated monthly installments
within a period of 25 years or before the borrower attains
the age of 65 years.
| Disbursement |
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For outright
purchase of house/ flat, the loan amount will
be paid in lumpsum to the vendor. |
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For
house/ flat under construction, the loan amount
will be disbursed in stages as per progress of construction/
demand by selling agency.
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