Punjab and Sind Bank Home Loan Interest Rate, Apply 2024

Hi dear readers, hope you are doing well, today we will know about How to get Punjab and Sind Bank Home Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.

If you want to take advantage of Punjab and Sind Bank Home Loan then this article is for you. Home loan comes under the category of secured loan. You have to give some security to the bank to take it.

It is the dream of every person to have his own house. But money is needed to build or buy a house. In this situation you can apply for Punjab and Sind Bank Home Loan.

In this article, we will know what is Punjab and Sind Bank Home Loan, what is the interest rate, documents, eligibility of this loan and how can we apply for this loan etc., so you can complete this article till the end.

Punjab and Sind Bank Home Loan

Anyone can avail Home Loan to fulfill their dream of home. A customer can take a home loan to buy a house, repair a house or build a house. The home loan amount is given by the lender keeping in mind many factors such as the applicant’s CIBIL Score , Income, Age etc.

If the customer has multiple incomes and a very good credit score, then the customer can get a home loan up to a higher loan amount. Punjab & Sind Bank Provides many types of home loan schemes. Prime Minister’s Housing Scheme Under(PMAY) Home Loan Subsidy Scheme you can get subsidy.

Under Punjab and Sind Bank Home Loan, the customer can take as much home loan as per his requirement. Punjab and Sind Bank home loan interest rate starts from 7.63% p.a. Different types of home loans have different interest rates. If your CIBIL score is very good then you can take advantage of attractive interest rates. Punjab and Sind Bank Home Loan The processing fee is up to 0.25% of the loan amount.

If you want to take advantage of Punjab and Sind Bank personal loan then you can follow this link Punjab and Sind Bank Personal Loan You can apply for personal loan by clicking on

Key Features of Punjab and Sind Bank Loan

• Loan Name: Punjab & Sind Bank Home Loan 2024
• Lending Bank Name: Punjab & Sind Bank
• Interest Rate: Starting from 7.63% pa
• Processing Fee: Up to 0.25% of the loan amount
• Loan tenure: 30 years
• Official Website: https://punjabandsindbank.co.in/

Interest Rate of Punjab and Sind Bank Home Loan 2024

Punjab and Sind Bank home loan interest rate starts from 7.63% p.a. Different types of home loans also have different interest rates. If your CIBIL score is very good then you can take advantage of the attractive interest rates of the bank.

Just like before taking a personal loan, we Personal Loan Interest Rate Similarly, before taking a home loan, we need to know about Home loan interest rate It is necessary to have information about If you apply for that loan without knowing the correct interest rate of the loan, then you may have to face problems at the time of repayment of the loan.

Punjab and sind bank home loan eligibility

Only those individuals can apply for this home loan, who are eligible for it. If you fulfill all the conditions of home loan of this bank, then you can apply for this loan. Each home loan may have different eligibility criteria. Information about the types of home loan and its eligibility is given in this article below, you can see it.

Types of Punjab and Sind Bank Home Loan

Punjab & Sind Bank offers various types of home loan schemes which are as follows:

• PSB Apna Ghar ( PSB Apna Ghar)
• PSB Apna Ghar – Sahaj ( PSB Apna Ghar – Sahaj)
• PSB Apna Ghar Top Up
• PSB Kisan Home Loan

PSB Apna Ghar:-

• The customer can take this loan for construction, purchase, renovation or expansion of the house, purchase of plot.
• Individuals, group of individuals and individual members of the housing society can apply for this home loan scheme.
• Applicant’s minimum age should be 18 years.
• There is no prepayment fee charged under this home loan scheme.
• Loan Amount:-
  • The customer can get as much home loan amount as he wants for construction of house/flat, purchase of plot.
  • The maximum amount that the customer can get for the repair / renovation of the house is Rs 20 lakh.

credit period:

• For purchase of plot – maximum loan tenure of 15 years
• For Extension/Renewal/Repair – Loan tenure maximum 15 years
• For purchase of manufactured house/construction/plot and construction – Loan tenure maximum 30 years

Margin:

For expansion/renovation/repair: 10% of the total estimated cost

2. For purchase of plot only, proposed/allocated by Govt. Authorities and/or Builders who are borrowers of the Bank:

• 25% of the fair market value of the plot for loan amount up to Rs.100 lakh
• 40% of the fair market value of the plot for loan amount above Rs.100 lakh

3. FOR CONSTRUCTION (PLOT ALREADY OWNED):

• 10% of the value of construction for loan amount of Rs.20 lakh
• % of the value of construction for loan amount above Rs.20 lakh

4. For Purchase and Construction of Plot (Project):

• For purchase of plot – 30% of the fair market value of the land
• For construction –
  • 10% of the value of construction for loan amount of Rs.20 lakh
  • % of the value of construction for loan amount above Rs.20 lakh

5. For purchase of manufactured dwelling unit/flat:

• 10% of the total value of the property for loan up to Rs.20 lakh
• % of the total value of the property for loan above Rs.20 lakh

PSB Apna Ghar – Sahaj ( PSB Apna Ghar – Sahaj):-

• the purchase of a constructed house/flat or for its construction/expansion, for the purchase and construction of the plot.
• Central government, state government, public sector permanent employees can apply for this loan.
• Permanent employees of reputed educational institutions approved by the bank can apply for this scheme.
• The minimum age of the applicant should be 21 years.
• Maximum age for employee without pension – 60 years
• Maximum age of employee with pension or NPS – 70 years
• For this loan, a minimum amount of Rs 5 lakh and more can be taken by the customer as per the requirement.
• Maximum loan tenure – up to 30 years
• Interest rate relief up to 0.20% is provided to the customer.
• Prepayment Fee – Nil
• Concession in processing charge is given as under:
  • 50% concession to the customers whose salary account is in this bank
  • 25% discount for others
• 50% discount is given on locker rent (only small locker) for self and spouse for the first three years of the borrower.

PSB Apna Ghar Top Up:-

• Under this home loan, the customer can get additional loan amount along with his existing home loan.
• You can take this loan on the property which is completely yours.
• The customer should have a minimum repayment record of:
  • Government/PSU employees whose salary account is in Punjab & Sind Bank – 6 months
  • Government / PSU employees whose salary account is not with this bank – 12 months
  • For all other cases – 24 months
• Loan Amount:
  • Under Term Loan – Maximum Rs.25 lakh
  • Overdraft – Maximum Rs 10 lakh
  • Composite Facility – Maximum Rs.25 lakh
• Loan Tenure – Maximum 10 years
• Prepayment Fee – Nil

PSB Kisan Home Loan:-

• This loan can be taken only for buying/constructing/renovating/renovating houses in rural and semi-urban areas.
• Under this home loan scheme, the customer can get the loan amount only through the rural and semi urban branches of the bank.
• should be 21 to 60 years to apply for the loan.
• maximum amount you can get is Rs 20 lakh.
• should not exceed 20% of the sanctioned loan.
• 2 lakh can be availed by the customer for the repair/renovation of the house.
• Interest rate of this loan – 8.40% at present

Margin:

• To buy a plot – 40% of the cost
• For construction of house – 20% of the cost of construction
• For repair/refurbishment – 20% of the cost of repairs etc.
• To buy a house – 25% of the cost

Documents Need for Punjab and Sind Bank Home Loan

If you are applying for this loan, then you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately. To apply for Punjab and Sind Bank Home Loan, you must have the following documents:

Common Documents:

• Application form duly completed and signed
• two passport size photographs
• age proof
• Address and identity proof
• As Income Proof:
  • For Salaried Category:-
  • Original / Attested copy of latest salary slip for last 3 months
  • ITR/Form No. 16 for last 3 years ( where applicable)
  • For Business/Other Person:-
  • Proof of business and address
  • last 3 years of business/activity (where applicable)
• personal asset and liability statement
• Bank account details of last 6/12 months. (in case of other bank)
• Loan account details for the last six months (if availed from any other bank/FII)
• Resume covering educational qualification, age, job experience, nature of profession/profession etc. with necessary proof
• Proof of income of spouse/parents/earning children, as applicable, to be considered for determination of loan amount/repayment capacity, if applicable.
• Guarantor Form with Net Worth Proof / Income Proof (if applicable)
• Guarantor’s IT Return for the last 2 years
• Wherever possible, an undertaking from the employer for remittance of monthly installment

Specific Documents:

• Proof of advance/margin payment made for purchase of residential unit
• Copy of approved map/proposed construction/procurement plan
• Permission from Competent Authority for construction of flat/house
• Contract for sale/sale deed/detailed cost estimation from architect/engineer for the property to be constructed
• Allotment letter from co-operative society/apartment owners’ association/development authority/others

On the basis of other documents:

• Property to be purchased directly from builder (ready/under construction)
• Property belonging to a registered co-operative housing society
• buy in resale
• Direct Selling by any Development Authority
• construction of house on separate land

Punjab and Sind Bank Home Loan Apply

If you fulfill all the conditions of this home loan, then you can apply for it both online and offline. Here is the information about the process of applying:

Punjab and Sind Bank Home Loan Apply Online

• To apply online, you must first visit the official website of Punjab and Sind Bank. You have to visit punjabandsindbank.co.in .
• On website home page Apply Retail Loan Click on this option will appear.

• The loan application form will open in front of you on the next page.
• Enter all the information asked in the form and submit the form.
• submitting the form, the bank staff will contact you and the loan process will be issued further.

How to apply offline ?

• To apply offline, you have to first go to your nearest branch of Punjab and Sind Bank.
• You have to contact the bank employee by going to the bank branch.
• The bank employee will provide you all the information related to the home loan.
• Then your documents will be verified.
• You will be given a form.
• You have to fill the form correctly, attach your documents and submit it to the bank.
• In this way your offline application will be done.

Punjab and Sind Bank Home Loan EMI Calculator

Before applying for Punjab and Sind Bank Home Loan, you should calculate the EMI (Equated Monthly Installment) of your loan so that you can know how much you will have to pay at the time of loan repayment. You can visit the official website of Punjab and Sind Bank Home Loan EMI Calculator With the help of this you can calculate the EMI of your loan. The EMI of the loan depends on three main factors – loan amount, interest rate and loan tenure. If you apply for a loan without knowing the EMI of the home loan, then you may face difficulties at the time of loan repayment.

Home Loan Fees and Charges

loan scheme name	Processing Charge + GST (Additional)
PSB Apna Ghar	Rs.25 lakhs – 0.15% of the loan amount, minimum Rs.1000 and maximum Rs.3750 above Rs.25 lakhs and up to Rs.50 lakhs Loans – 0.25% of the loan amount, maximum – Rs.12500 above 50 lakhs and above Rs.75 lakhs On low loan – 0.25% of the loan amount and maximum Rs.15000 on loan above Rs.75 lakh – 0.25% of the loan amount
PSB Apna Ghar Top Up	Rs.10 lakh – 0.15% of the loan amount, minimum – Rs.1000 and maximum – Rs.3750
PSB Kisan Home Loan	0.15% of the loan amount, minimum – Rs.1000 and maximum Rs.2000

Punjab and Sind Bank Home Loan Customer Care Number

If you want to get more information about this loan then you can call on Punjab and Sind Bank Home Loan Customer Care Number for more details.

Toll Free Number 1800-419-8300

Conclusion:

In this article we have given you Punjab and Sind Bank Home Loan Tried to give complete information about Any person who wants to build/buy a house or do house repair can join Punjab and Sind Bank Home Loan.

Hope you friends have found this article informative. If you liked this article then please share it with your friends.

FAQs on PSB Home Loan