Punjab and Sind Bank Home Loan
|Punjab and Sind Bank Home Loan fulfills the dream of an individual to build his or her own house. This home loan can be taken for purchasing a new house or renovating an existing house. All the individuals aged 18 to 65 years are eligible for the loan. The maximum repayment period for the Punjab & Sind Bank Housing loan is 30 years when loan is taken for the purpose of construction of new house. In case, of renovation or repairs of house the loan repayment period is 15 years. Bank does not charge any kind of prepayment penalty if the loan is paid off before the maturity period.
How to apply for Punjab and Sind Bank Home Loan
One can download the Punjab & Sind Bank Home Loan Application Form here https://www.psbindia.com/appforms/hl.pdf . After downloading the form one can fill up the form with all the required details, submit the form by affixing a photograph with some important documents that are given below:
Loan borrowers can also review their home loan application by visiting the bank’s website. Once the application form is accepted the home loan department officials contacts with the loan applicant and helps them to complete the full loan application process.
- Documents showing proof of residence like PAN card, Voter’s ID card etc.
- Copies of revenue records of landholding.
- Non encumbrance certificate.
- Collateral security details.
Punjab and Sind Bank Home Loan Interest Rate
One can find the interest rates applicable on the Punjab and Sind bank Home loan from the following table:
|Amount of loan||Interest rate|
|Up to Rs 30,00,000||BR (10.25%) + 0.25% = 10.50%|
|More than Rs 30,00,000 and up to Rs 75,00,000||BR (10.25%) + 0.50% = 10.75%|
|More than Rs 75,00,000||BR (10.25%) + 0.75%= 11.00%||
Punjab and Sind Bank Home Loan Fees
The Punjab and Sind Bank Home Loan processing fees depends upon the amount of loan taken. One can find the processing fees applicable to his or her home loan from the table mentioned below:
|Home Loan amount||Amount of fees|
|Up to Rs 25,00,000||0.15% of the loan amount that is a minimum amount of Rs 1000 and a maximum amount of Rs 3000|
|More than Rs 25,00,000 and less than Rs 50,00,000||0.25% of the loan amount or a maximum amount of Rs. 10000|
|More than Rs 50,00,000 and less than Rs 75,00,000||0.25% of the loan amount or a maximum amount of Rs. 15000|
|More than Rs 75,00,000||0.25% of the loan amount|
Punjab and Sind Bank Home Loan Emi Calculator
The Punjab and Sind Bank Home Loan Emi Calculator enables the home loan borrower to easily calculate the amount of EMI (Equated Monthly Installments). The calculator is easy to use as one needs to enter some basic figures like principal amount of the loan, rate of interest, tenure for which the Punjab And Sind Bank housing loan is taken and press the button ‘calculate’.
If you have any kind of queries related to the Punjab & Sind Bank Housing loan scheme then you can write a postal mail to the head office address
HO Public Relation Department
1st Floor, 21, Rajendra Place,