Loan Against Property
	We provide loans to individuals against mortgage of their existing residential immovable property situated in urban/semi-urban/metro centers. Finance would be made available for personal requirements of borrowers such as education, marriage of children, family function, foreign travel, medical expenses, furnishing the house, buying a computer or other consumer durables, etc. by mortgaging their existing immovable property.
	ELIGIBILITY: Any individual having regular source of income can apply for the loan. Age of the applicant should not be more than 55 years.
	LOAN AMOUNT: Minimum loan amount would be Rs. 50,000/-. Maximum Loan Amount would be 50 % of the market value of the property as certified by PNBHF's approved valuer OR actual loan eligibility as determined on the basis of repayment capacity of the borrower, whichever is less. In case other earning family members are offered as co-borrowers, their income can also be clubbed with that of the borrower for computation of eligible loan amount.
	INTEREST RATES: (Effective from 1.08.2008) Interest rate for individuals will be 15.25% and for builders (floating rate) will be 15.75%.
	BUILDERS AND BODIES CORPORATE: 16.25%
	SECURITY: We shall require Equitable/Registered Mortgage of property against which loan is being sought. Guarantee of one/ two persons will be required as per existing guidelines of the company.
	LOAN DISBURSEMENT: The loan would be disbursed directly to the borrower in lump sum through his bank account. Disbursement will be made after the property has been technically and legally appraised and legal documentation has been completed.
	LOAN REPAYMENT: The loan would be repaid by way of Equated Monthly Installments (EMIs) consisting of principal and interest within a maximum period of 15 years. Repayment will commence in the month subsequent to the month in which loan has been disbursed.
	For Complete EMI Chart Click Here
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