PNB Housing Finance Limited

You are eligible for a loan if you are an Indian citizen or a person of Indian Origin and are a salaried/ self- employed professional/ a businessman. Your loan eligibility will be determined by PNB HFL on the basis of professional income, age, qualifications, number of dependents, co-applicant’s income, assets, liabilities, stability and continuity of occupation, savings and prior credit history. Further, the loan eligibility will also be dependent on the value of property selected by you.

We can fund up to 90% of the property value in case of Home Loan and up to 60% in case of Loan Against Property. However, PNB HFL funding norms may change from time to time and from property to property or based on the loan amount.

Yes, you can avail re-finance at applicable Home Loan rate within 6 months from the date of property purchase.

Your loan is repaid through Equated Monthly Instalments (EMI) which includes principal and interest component. EMI repayment starts from the month subsequent to the month of final disbursement. Pre-EMI Interest is the simple interest payable every month till the time loan amount is not fully disbursed.

Property insurance is mandatory in order to protect your property against uncertainties like earthquake, fire, or any damage and destruction due to natural and man-made calamities during the tenure of the loan.

Fixed Deposit will be accepted from Resident Individual/ HUFs /Public/Private companies /Non-Resident Indians/ Co-operative Societies / Co-operative Banks/ Trust / Association of person PF Trust etc.

A prospective depositor has to fill prescribed 'Deposit Application Form' along with all KYC documents and an accounts payee cheque/ Demand Draft/ NEFT/ RTGS in favour of PNB Housing Finance Limited. Deposit applications are available at all PNB Housing branches and with its authorized brokers. Deposit forms could be downloaded from company’s website – www.pnbhousing.com.

Cumulative Deposit – INR 10000 Non-Cumulative Deposit – Monthly Income Plan – INR 100000 Quarterly Income Plan – INR 50000 Half yearly Income Plan– INR 20000 Annual Income Plan – INR 20000

If a customer is a resident Indian individual/entity/trust the minimum tenure is 1 year and maximum tenure is 10 years.

In terms of the Prevention of Money Laundering Act 2002, the rules notified there under and KYC guidelines issued by the Reserve Bank of India (RBI), every depositor is required to comply with the KYC requirements by submitting the following document: Latest photograph. Certified copy of proof of identity such as Pancard, Aadhar Card, Passport etc. Certified copy of proof of address for Corporate it is certificate of incorporation, Pancard, Registration no. / trust deed.

Yes, loan facility is available at the discretion of PNB Housing which can be availed only after three months from the date of deposits and up to 75% of the deposit amount subject to certain terms and conditions. Interest rate on such loans will be 2% higher than the rate of interest on the deposit being paid to depositor.