APNA GHAR YOJNA
	We provide housing finance 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. We consider enhancement in loan amount in the event of escalations in cost.
	ELIGIBILITY: a) Individuals in permanent service or having their own business (Resident or non-resident). b) Age of the applicant should not be more than 60 years in case of service class and 65 years in case of businessman or self employed.
	LOAN AMOUNT: a) Minimum loan amount would be Rs.50,000/- and maximum loan amount depends entirely on the repayment capacity of the borrower(s).  b) Actual loan eligibility shall be on the basis of repayment capacity as determined be PNBHFL taking into account income, age, qualification and occupation. c) Income of borrower(s) / co-borrower(s) shall be clubbed together for calculation of loan eligibility / the level of finance in case of joint application
	MARGIN: The borrower's contribution shall be minimum 20% of the total cost of project, including stamp duty and registration charges.
	INTEREST RATES: (Effective from 27.7.2009) (Present PNBHFR 12.75%) FOR LOAN UPTO Rs.20 LAKHS
	Period Floating Rate of Interest(%) 3 yrs Fixed Rate of Interest(%) 1-15 years *9.25 13.00 16-20 years 9.50 13.00
	FOR LOAN ABOVE Rs.20 LAKHS
	Period Floating Rate of Interest(%) 3 yrs Fixed Rate of Interest(%) 1-15 years 10.00 13.00 16-20 years 10.00 13.00
	* In case of self employed businessman (excluding technically qualified professionals like doctors, Engineers, CA, Lawyers, Archtect providing professional service) a minimum rate of 9.50% shall be applicable irrespective of the loan amount and tenure of the loan.
	BUILDERS AND BODIES CORPORATE (Non Housing): 15.25%
	BUILDERS AND BODIES CORPORATE (Housing): 14.75%
	SECURITY: Security for the loan is first charged by way of equitable/registered mortgage of the property to be financed and/or such other collateral securities as may be necessary. Loans to allot tees of flats/houses of development authorities or members of co-op. housing societies or reputed private builders can be considered on the basis of tripartite agreement and/or interim security. With respect to property under construction, interim security may be required. Collateral/interim security may be assignment of Life Insurance Policies, guarantees from sound and solvent guarantors, pledge of marketable shares and such other investments acceptable to PNBHF.
	LOAN DISBURSEMENT: For outright purchase of house/flat, the loan amount will be paid in lump-sum to the vendor at the time of registration after satisfying that the borrower has paid/provided for the balance amount. For houses/flats under construction, the loan amount will be disbursed in stages based on the progress of construction. Disbursement will be made after the property has been technically appraised and all legal documentation has been completed. The borrower has to invest his proportionate share of the cost, prior to disbursement of loan. The loan can be disbursed either in lump sum or installments according to the requirement of the development authority/ society/ private builder.
	LOAN REPAYMENT: Loan repayment shall normally be in Equated Monthly Installments (EMI) comprising of principal and interest over a maximum period of 20 years.
	For Complete EMI Chart Click Here
	SPECIAL REPAYMENT PLANS: In deserving cases, Installmentsmay be fixed in increasing/decreasing order or in lump sum or even linked to Life Insurance Policies, under PNB Housing Finances’ special repayment plans like : Graduated repayment plan Decreasing repayment plan LIC linked repayment plan Balance payment facility
	For more information, Contact our Nearest Branch
	For Applying online Click Here
	For downloading loan application form Click Here