Product Details
Bank Name
Punjab National Bank
Maximum Loan Tenure
Up to 30 years.
Maximum Loan Amount
No limit
Interest Rate
For Fixed: 9.40% to 11.60% per annum. For Floating: 8.40% to 10.10% per annum.
Type
Both
Down Payment
LTV Ratio of 75% to 85%.
Fees and Charges
Processing fees- Waived till 31.03.2025
Pre-payment charges: NIL for Floating interest rate. 2% of the pre-paid outstanding amount for Fixed interest rates.
Late payment charges: 2% per month on the overdue amount.
Legal charges: At actuals.
Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank.
Down Payment and Fees
Composite Loan For Purchase Of Residential Plot And Construction Of A House
Special Features
Processing fee waived till 31.03.2025
Eligibility Criteria
Individuals or groups of individuals (co-borrowers) who have an assured source of regular income viz. Salaried employees, Professionals, Self-employed persons, Businessmen, Farmers etc.
Staff members are also eligible.
Special Concession
None
Home Saver Option
No
Features, Eligibility and Concession
Pros
Loan tenure of 30 years.
There is no limit on the maximum loan amount.
Processing fee waived till 31.03.2025
Cons
Low LTV Ratio
Pros & Cons
Application Procedure
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