GHAR SUDHAR YOJNA
	Under "Ghar Sudhar Yojna", we make available housing finance to individuals for up gradation, renovation or repair of house/flat. It includes among others, internal & external repairs, water proofing, roofing, flooring, electrical, woodwork etc.
	ELIGIBILITY: Individuals who are in permanent service or self employed or have their own business. Age of the applicant should not be more than 60 years
	LOAN AMOUNT: Minimum amount of loan is Rs. 50,000. Maximum amount of loan shall not exceed Rs. 10,00,000. Borrower’s minimum contribution will be 25% of the estimated cost of repairs/renovations. Actual loan amount shall be calculated on the basis of repayment capacity of the borrower as determined by PNBHFL.
	INTEREST RATES: (Effective from 1.8.2011) (Present PNBHFR 14.25%) For loans upto Rs.30 Lacs
	Rate of Interest (%) Salaried and self employes professionals 10.75% Self employed non professionals 11.25%
	SECURITY: Normally, the security for the loan shall be first charge by way of Equitable/Registered mortgage of the property. However, PNB Housing Finance at its discretion, can sanction a loan on the basis of: pari-passu/second charge in the case of Central/State Govt./Public Sector/Nationalized Bank employees and other similar bodies or Other securities such as assignment of LIC policies (surrender value at least equivalent to the amount of loan), pledge of marketable shares and such other investments acceptable to PNBHF. Besides this, personal guarantee from sound and solvent guarantors may be asked for.
	LOAN DISBURSEMENT: A loan will be disbursed in lump sum or in stages (not more than three) based on the progress of renovation/repair. Disbursement will be made after the property has been technically appraised and all legal documentation and other formalities have been completed. The borrower has to invest his share of the cost in full prior to disbursement of the loan. The borrower is expected to complete the repair/renovation within six months.
	LOAN REPAYMENT: Loan repayment shall normally be in Equated Monthly Installments (EMI) comprising of principal and interest over a maximum period of 10 years.
	For Complete EMI Chart Click Here
	For more information, Contact our Nearest Branch
	For Applying online Click Here
	For downloading loan application form Click Here