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1. For which purpose can I avail loan?
A) At PNBHFL you can avail a variety of loans from us viz: Loan for Purchase of
property/flat/house. Loan for Repair renovation and addition alterations of
house/flat. Loan Against existing property. Loan for Purchase of commercial
property. Loan Against future rent receivables. Loan Construction of school,
college, hostel and nursing home. Loan for Financing to builder for
construction of housing/commercial projects.
2. Are loans permitted to NRIs?
A) PNBHFL provides user friendly loans not only to resident Indians but also to
NRIs on very competitive terms.
3. Whether loan is permitted for purchase of commercial property?
A) Yes, despite being a housing finance company, we do take care of our
customers’ business needs and expansions. We do provide loans for purchase of
commercial properties viz. Hospitals, Nursing Homes, Schools, Shopping
Complexes, etc.
4. How can I calculate my eligible loan amount?
A) A user friendly calculator is available on our website to calculate loan
eligibility taking into consideration the age, repaying capacity and period of
loan required.
5. How can I enhance my loan eligibility?
A) If a person is not eligible to obtain a loan of desired amount, he can
rope-in additional co-borrower having regular source of income. In order to
make his dream project become a reality, we consider the regular income of
co-borrowers also.
6. If I want to co-own a property with my family members, then will I be
eligible for loan?
A) Yes, you will be eligible to avail the loan for the property provided all
the co-owners are made co-applicants in the loan.
7. What is the maximum loan tenure?
A) PNB Housing Finance provides a very easy and comfortable repayment schedule
to its borrowers helping them in fulfilling all their financial commitments.
The maximum loan tenure is 20 years
8. What is the maximum age for repayment of loan?
A) The maximum age for repayment of loan of salaried class is 60 years and 65
years for self employed/professionals.
9. What is the cheque bouncing penalty?
A) The cheque bouncing penalty is Rs 250/-.
10. How can I repay my loan?
A) The loan can be repaid by way of equated monthly installments (EMIs) which
can be paid either through ECS mandate, through PDCs (post dated cheques) or
through direct deductions from salary.
11. Can I prepay my loan? What are the prepayment charges?
A) Yes the loan can be prepaid. The prepayment is allowed without any penalty
upto 20% of the balance outstanding in a year and further any prepayment is
subject to penalty of 2% of the loan outstanding balance paid
12. Can I convert my fixed rate of interest to floating or vice versa?
A) Yes, facility of migrating from fixed to floating and from floating to fixed
rate is available. There is a very nominal fee for using this service.
13. Is takeover of loans from other institutions being done?
A) For the benefit of public in general, we takeover the loans from other
institutions provided the track record of the account is to our satisfaction.
14. Whether Loan against existing property is permitted?
A) Yes, we provide loans against existing property, which can be used for
purposes other than housing also.
15. What documents are required to be submitted along with loan application
form?
A) List of documents given below for salaried and self employed, required to be
submitted along with loan application form:
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