|PNB Housing Finance Limited is a wholly owned subsidiary of Punjab National Bank, one of the leading nationalized banks of India. PNB Housing Finance offers two types of housing finance for the customers. Apna Ghar Yojana is the housing finance provided to individuals for construction or for acquisition/purchase of house/flat from development authorities such as DDA/HUDA/PUDA/RHB etc. and also from private builders/groups housing societies. Another PNB Home Loan is called Ghar Sudhar Yojana which is meant for up gradation, renovation or repair of house/flat. Internal and external repairs, water proofing, roofing, flooring, electrical, woodwork, all are included in this scheme.
Individuals, resident or non-resident, who are in permanent service or having their own business can avail both the PNB Housing Finance Schemes. The age of the applicant should not exceed 60 years in case of service class and 65 years in case of business or self employed. The loan amount is actually determined by the PNB Housing Finance limited after taking into account of income, age, qualification and occupation of the applicant.
PNB Housing Finance Corporation
The minimum loan amount is Rs. 50,000/- , where the maximum loan amount for the Ghar Sudhar Yojana would be Rs. 10 lacs. The maximum loan amount for the Apna Ghar Yojana depends entirely upon the repayment capacity of the borrower. In case of joint application, the income of borrower and co-borrowers (such as spouse, son, daughter living together) can be clubbed together for calculation of load eligibility.
PNB Housing Finance Ltd
The Punjab National Bank housing finance ltd has come out with the Apna Ghar Yojana where the minimum contribution from the applicant would be 20% of the total project cost, including stamp duty and registration charges. The rate of interest varies for different loan amount and repayment period. For loan amount up to Rs. 10 lacs, the rate of interest varies from 11.25 percent to 11.50 percent in floating rate of interest. For 3 years fixed rate of interest, the interest rate would be 12.75 percent. For loan amount of more than 10 lacs, the floating rate of interest ranges between 11 percent to 11.25 percent, while the 3 years fixed rate of interest stays on 12.50 percent. The fixed deposit rates charged by the bank are also nominal.
PNB Housing Finance Noida
Given below is the address of PNB housing finance in Noida.
PNB Housing Finance Ltd
208 Ocean Plaza,
Sector 18, Noida
In the Ghar Sudhar Yojana scheme from PNB Housing Finance, the interest rate varies from 11 to 11.25 percent. Borrower's minimum contribution should be 25% of the estimated cost of repairs/renovations. In order to learn more about housing finance companies in India browse through the site.