PNB Housing Finance has been serving individuals, businesses, and corporate housessince it was founded in 1988. As the institution has grown over 34 years, it has gained a solid reputation, and many rely on it to take care of their finances, including home loans.
If you are also looking to get a house loan, here are the top five home loans available at PNB Housing Finance that you should consider.
1. Home Construction Loan
Planning to build a dream home for yourself? A home construction loan from PNB Housing Finance can help make it happen.
With a home construction loan, you can borrow the money you need to finance the construction of your home.
Eligibility
- Borrow a bigger loan amount to build the desired home with flexible tenure of up to 30 years
- The lender disburses the loan amount with no unnecessary delays
- You have multiple repayment options for making a payment towards EMIs and prepayments
Features
- Applicant must be an Indian Citizen
- Applicants must have work experience of a minimum of three years.
- CIBIL score should be above 611
PNB Housing also has a home loan eligibility calculator on its official website, which applicants can use to plan their budget and avail of a loan option that suits them the best.
2. Home Improvement Loan
PNB Housing offers a home improvement loan that can be used for repairs, renovations, or even the construction of a new addition to your home.
Features
- The doorstep service model ensures quick approval and loan amount disbursal
- Various repayment options
*Rate of interest varies as per credit score
Eligibility
- Age: Applicants should be 21 years or above when applying for a home loan. Age should not exceed 70 years at the time of home loan maturity.
- Monthly Salary- 15000+
- CIBIL: 611+
- Work Experience: 3+ Years
3. Home Extension Loan
If you want to extend your home, a home extension loan from PNB Housing can help. With competitive interest rates and various repayment options, this loan can make it easy and affordable to get the extra space you need.
Features
- Competitive Interest Rates
- Variety of Repayment Options
- In case of cost escalation, the loan amount can also be increased
Eligibility
- Age: Applicants should be 21 years or above when applying for a home loan. Age should not exceed 70 years at the time of home loan maturity.
- Monthly Salary- 15000+
- CIBIL: 611+
- Work Experience: 3+ Years
4. Plot Purchase Loan
In multiple home loan options, a plot loan is another helpful loan to buy a piece of land to build an independent house later.
Features
- Disburses up to 75% of your plot’s current market price
- Tenure ranges between 10 to 15 years
Eligibility
- Age below 70 years during the time of loan maturity
*Applicants can also check eligibility details through the PNB Housing home loan eligibility calculator.
5. Unnati Home Loans
Unnati means progress, and PNB Housing ensures that no obstacle will come in the way of their customer’s progress; that’s why PNB Housing offers Unnati Home loans to salaried and self-employed individuals at competitive rates.
Features
- With interest rates starting at 10.75% p.a., applicants can choose a loan tenure of 30 years to lower the EMIs
- Get a maximum loan amount of 35 lacs
- Quick approval with minimal income documentation
- Floating interest rates
- Cash-salaried individuals are also eligible
Eligibility
- Age below 70 years during the time of loan maturity
- Individuals working with stable business entities like jewelry shops, petrol pumps, etc
- Self-employed applicants who do not have official income proof or those who earn income in cash can also apply
- Applicants who earn a minimum of INR 15,000 per month
Conclusion
For an easy borrowing experience, the customer should know their requirements, the amount needed and the eligibility criteria. Use a home loan eligibility calculator to calculate everything beforehand.
Borrowers can apply for the loan online, and the PNB Housing loan staff will help with the required paperwork and ensure that the application has been completed perfectly.
