PNB (Punjab National Bank) Housing Finance Limited
ABOUT PNB HOUSING FINANCE LIMITED:-
PNB Housing Finance Limited (PNB Housing) is one of the most famous and trustworthy housing finance limited companies. It is a registered finance company. It was registered under the Companies Act, 1956 and finally started working from 11 November 1988. PNB Housing is the finance limited company that is being taken care of and promoted by Punjab National Bank (PNB). Buying our house is the dream of each and every individual, but this involves a lot of money which is not possible in a country like INDIA wherein there is a huge gap between rich and poor and wherein there is an inequality, and hence rich are becoming richer and poorer are becoming poorer. Home loans are one of the ways that help people to buy their own house. Getting a huge amount of money is not always possible but home loans are one such by which we can get a huge amount of money in one, time, and that’s the biggest advantage of home loans. Firstly, it provides financial assistance that means monetary support or helping poor people financially so that they can have access to buying their own home.PNB housing finance limited provides home loan at a reasonable interest rate.
PNB HOUSING FINANCE FOR SALARIED/SELF EMPLOYED PROFESSIONAL: –
PNB housing finance limited for salaried/self-employed professionals are a bit different from businessmen/self employed non-professionals. The documents are also different from businessmen/self-employed non-professionals. The interest rate of PNB housing finance for salaried/self-employed professionals is 8.90%p.a or per annum or yearly. PNB HOUSING FINANCE FOR BUSINESSMEN/SELF EMPLOYED NON-PROFESSIONAL:- PNB housing finance limited for salaried/self-employed non-professionals are a bit different from businessmen/self employed professionals. The documents are also different from businessmen/self-employed professionals. The interest rate of PNB housing finance for salaried/self-employed professionals is 8.95%p.a or per annum or yearly.
INTEREST RATE OF PNB HOUSING FINANCE LIMITED:-
PNB HOUSING FINANCE aspects 0 for existing customers that are already exist or old customers between 1st March 2017 — 30th June 2018 is as follows:
PNB HOUSING FINANCE Home Loan — — Salaried/Self-Employed Professional: 9.50% p.a. or yearly.
PNB HOUSING FINANCE Home Loan — Businessmen/Self Employed Non-Professional: 9.55% p.a. or yearly. PNB HOUSING FINANCE aspect 1 for new customers given on and after 1stJuly 2018 is as follows:
PNB HOUSING FINANCE Home Loan — Salaried/Self-Employed Professional: 9.40% p.a .or yearly. PNB HOUSING FINANCE Home Loan — Businessmen/Self-Employed Non-Professional: 9.55% p.a. or yearly. PNB HOUSING FINANCE aspect 2 for new customers given loan on and after 06th March 2019 is as follows:
PNB HOUSING FINANCE Home Loan — Salaried/Self-Employed Professional: 9.29% p.a.or yearly. PNB HOUSING FINANCE Home Loan — Businessmen/Self Employed Non-Professional: 9.35% p.a. or yearly PNB HOUSING FINANCE aspect 3 for new customers given loan one on and after 01st June 2019 is as follows:
PNB HOUSING FINANCE Home Loan — Salaried/Self-Employed Professional: 8.90% p.a. or yearly PNB HOUSING FINANCE Home Loan — Businessmen/Self Employed Non-Professional: 8.95% p.a. or yearly PURPOSE OF
PNB HOUSING FINANCE LIMITED:- PNB HOUSING FINANCE provides loan at a concessional interest rates it makes the dreams of the people come true by providing them housing finances. PNB HOUSING FINANCE provides loans for various house related things such as renovation, construction, etc.
SECURITY OF LOAN: – Mortgage should be taken into consideration while providing loan to the borrower and in case there is a default in the payment of the loan that mortgage should be sealed and the value of mortgage is always higher than the value of loan.
ELIGIBILITY OF PNB HOUSING FINANCE Limited:-
Eligibility Criteria for PNB Housing Finance limited is written as follows :- Age of Borrower should be minimum 21 and maximum 70 years Minimum Eligible Income should be Rupees Fifty thousand or 50,000 and above PNB Housing Finance home loan eligibility is calculated based on the age of the borrower. Age of Borrower should be minimum 21 and maximum70 years PNB housing finance also considers income of the borrower, property the value of the borrower and repayment the capacity of the borrower.
DOCUMENTS OF PNB HOUSING FINANCE LIMITED:-
Duly filled Application Form with Photograph First thing we need is PAN Card Second in the queue, we have Passport Third in the queue, we have any other Certificate from Statutory Authority) Fourth in the queue, we have Age Proof Fifth in the queue, we have Residence Proof, and it could be anything including (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority) Sixth in the queue, we have Education Qualifications — The Latest Seventh in the queue, we have Degree Education Qualifications — The Latest ONLINE REGISTRATION OF PNB HOUSING FINANCE LIMITED:- There is a special site named www.pnb housing.com Firstly we should click on that site and afterwards there would be option of login, and then we would log in to it by our phone number, email address and name, and then according to the process written online we would be able to get ourselves registered online.
OFFLINE REGISTRATION OF PNB HOUSING FINANCE LIMITED:-
Offline registration involves submission of documents and related things in the form of paper and no login is required under this process. The people from villages and people who are not aware of the technology can get themselves registered online.
REPAYMENT OF LOAN:-
The PNB housing finance limited had a fixed tenure, so loan should be paid under the instalment of the loan should be paid under the fixed tenure period. If there is any default in the repayment of loan, additional charges would be applied. The default for 2 instalments would be taken and warning should be given but after that any default will be subject to penalty. There would be a fixed date for the repayment of loan in instalments, so loan should be paid positively on that date.