Punjab National Bank (PNB) approved housing projects refer to the housing projects inspected and verified by the lender to ascertain their title and legality. Lenders usually scrutinise the building plan, blueprint and construction of their approved housing projects. Banks and NBFCs generally expedite the loan processing, approval, sanction and disbursement process for Home Loan applicants selecting housing properties from the pre-approved list of projects. Lenders need minimal documentation and provide faster disbursement for loan applicants opting for pre-approved projects.
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