PNB Housing Loan Against Property

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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 18/02/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 18/02/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :18/02/2020

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Updated: 11-04-2019 09:08:33 AM

PNB Housing Finance Limited offers its customers loans against their properties wherein the loan is given against the mortgage of residential or commercial properties. The loan has various features which are enumerated below:

Features of PNBHFL Loan Against Property

  • The loan is available against mortgage of property irrespective of the fact whether it is a residential property or a commercial one. The property is supposed to be mortgaged to the bank against the value of which the loan will be issued.
  • The loan amount availed can be used for various purposes like business expansion, foreign travel, personal expenses like education, the marriage of children, family function, medical expenses, furnishing the house, purchasing expensive consumer durables, etc. The loan amount, however, cannot be used for any illegal or illegitimate purposes.
  • The maximum amount of loan which would be offered would be 50% of the value of the property based on the certification of the PNBHFL’s approved value or repayment capacity of the borrower whichever is lower
  • The loan eligibility will be determined by the institution after considering the income, age, qualification, occupation, etc. of the borrower to determine the credit worthiness or the repayment capacity
  • Income of the borrower(s) or co-borrower(s) can be clubbed together for calculating the loan eligibility of the borrower
  • The borrower is advised to get the property and the respective loan repayments insured to avoid loan liability in case of any unfortunate event during the repayment of the loan. For this, PNBHFL has tied up with Bharti AXA and ICICI Lombard to provide life and property insurance respectively. The companies offer the best products at competitive rates and even offer doorstep services for the convenience of customers.
  • For availing the loan, security is required which is in the form of an equitable mortgage of the property to be financed and other collateral securities which the institution deems fit. Interim security may be called for by PNBHFL in cases where it sees fit.
  • The disbursement of the loan will occur when the institution’s value has appraised the property completely and all legal documents have been duly submitted and accepted by PNBHFL. The loan is disbursed in a lump sum directly to the customer’s bank account.

The loan repayment mode through Equated Monthly Instalments (EMIs). You can repay the loan directly through Electronic Clearing System (ECS) or as per the instructions of the bank to debit the loan amount and credit it towards the loan amount. You can also repay by a post-dated cheques.

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Eligibility Criteria for Availing the Loan
Eligibility Criteria for Availing the Loan
  • Avail the loan, the following eligibility criteria need to be met by the borrower.
  • The borrower must be a salaried employee or a self-employed professional or non-professional
  • At the time of maturity of the loan, the age of the salaried employee should not exceed 60 years and that of the self-employed professional or non-professional should not exceed 65 years
Interest Rate
Interest Rate

PNB Housing Finance Limited offers both floating and fixed rates of interest. The floating rate is linked to the benchmark rate of 14.35% per annum and is as follows:

Loan Based on Type of Property

Floating Rate of Interest

Loan against commercial property

11.00% - 11.50%

Loan against residential property

10.75% - 11.25%

Loan against commercial or residential plot

12.00% - 12.50%

PNBHFL also offers a 3 year, 5 year and 10 year fixed rate scheme, post which the rate gets converted to floating rates automatically. The rates are:

Loan Based on Type of Property

Fixed for 3 years

Fixed for 5 years

Fixed for 10 years

Loan against commercial property

11.25% - 11.75%

11.25% - 11.75%

11.50% - 12.00%

Loan against residential property

11.00% - 11.50%

11.00% - 11.50%

11.25% - 11.75%

Loan against commercial or residential plot

12.00% - 12.50%

12.00% - 12.50%

12.50% - 13.00%

Documents Required
Documents Required

The following self-attested documents are required for availing the loan:

For salaried employees:

  • Age proof –Passport, PAN card or any other certificate from a statutory authority
  • Address proof – Ration card/ electricity or telephone bill/ election card/ passport/ driving license or any other certificate from a statutory authority. The applicant needs to submit any one of the afore-mentioned documents which state the correct address of the applicant needed for the verification process of the bank.
  • Latest degree for education qualification
  • Last 3 month’s salary slips
  • Last 2 year’s Form 16
  • Last 6 month’s bank statement of the salary account

For self-employed professionals and non-professionals

  • Age proof – Passport / PAN card / Aadhaar Card
  • Address proof – Ration card / Aadhaar Card / Electricity or telephone bill/ election card/ passport/ driving license.
  • Latest degree for education qualification for professionals
  • Certificate and proof of existence of business along with business profile
  • Last 3 year’s income tax returns of self and of business with profit & loss account and balance sheets duly certified or audited by a chartered accountant
  • Last 12 month’s bank account statements of self and business
  • The relevant processing fee cheque was drawn in favor of PNB Housing Finance Limited.
Advantages of Availing a Loan Against Property from PNBHFL
Advantages of Availing a Loan Against Property from PNBHFL

There are numerous advantages attracting a borrower to apply for a loan from PNBHFL. Let us take a look at those reasons:

  • The institution has a pan-India presence and thus customers can contact any branch present anywhere for availing a loan
  • The services delivered by the institution are at par with the best facilities including doorstep services wherein the customer does not have to undertake any pains to get the loan sanctioned. The company comes to the customer’s doorstep to help him avail the loan easily and hastily.
  • The services granted by the company post the sanction and disbursement of the loan are also excellent and they help the customer at every single step till the loan is not completely repaid
  • If the customer requires additional amounts due to escalation of costs, there is also a provision for increasing the loan amount granted to take care of the additional costs
  • PNBHFL engages a team of well-trained and specialized staff to take care of the customers and to assist and guide them through the loan application, sanction, and repayment processes
  • The institution promises high standards of ethics, integrity, and transparency to give genuine services to the customers and to avoid any fraud in the loan sanction process
  • There are various repayment options available to the borrower to repay the loan easily. The borrower may choose the option which is the most suitable to him or her and repay the loan conveniently.
Loan Against Property EMI Calculator
Loan Against Property EMI Calculator
  • EMI on property loan is the amount that is paid by the borrower every month to the lender (PNB Housing) to repay the loan. It is important to know the approximate EMI before taking a loan against property in PNB Housing. An EMI calculator is provided on the PNB Housing website for the convenience of borrowers so that they can get an idea of the monthly outlay they will have to incur to clear the loan from PNB Housing.
  • The loan against property EMI calculator is a simple, user-friendly tool designed to instantly give the approximate value of monthly EMI for a property loan from PNB Housing. One has to enter the desired principal loan amount, the tenure of loan and expected interest rate. The tool calculates the EMI amount instantly and gives the borrower a reasonable idea of the money that he / she will have to repay in monthly mode for the PNB Housing property loan.
  • The interest payable constitutes the major portion of the EMI in the initial loan years as the principal amount is large. As the loan matures, the interest component decreases and the principal component gradually increases.
Apply Loan Against Property from PNB Housing
Apply Loan Against Property from PNB Housing

Applying Online

You can apply at Paisabazaar website by following few simple steps:

  • Visit the website and click on loan against property at our homepage
  • The website will direct you to a loan application page
  • Fill in the loan application with your personal details and loan requirements
  • Select a few loan schemes to make comparisons based on your requirements
  • Select loan against property from PNB Housing and click ‘Apply’
Frequently Asked Questions (FAQs)
Frequently Asked Questions (FAQs)

Q. What all purposes can a loan against property be used for?

Ans. A property loan from PNB Housing can only be used for legitimate purposes. The funds can be utilised for business expansion, overseas travel, child’s education and marriage, medical care, home improvement, purchase of consumer durables, etc. The only pre-condition is that use should be for lawful and valid objectives.

Q. Who all are eligible for a loan against property?

Ans. The eligibility criteria for the PNB loan against property scheme states that the borrower should be a salaried employee or a self-employed professional/ non-professional. If the borrower is a salaried employee, his/ her age should not be more than 60 years at the time of maturity of the loan. In case the borrower is a self-employed professional or non-professional, his/ her age at loan maturity should not be greater than 65 years.

Q. What documents are required for a property loan from PNB Housing?

Ans. In order to avail a loan against property from PNB Housing, the following self-attested documents have to be submitted to the company. All the documents require self-attestation.

List of documents required for salaried employees:

Filled loan application form with a coloured passport size photograph

Age proof in the form of one of the following:

  • PAN card
  • Passport
  • Any other certificate issued by a statutory authority

Residence proof in the form of one of the following:

  • Passport
  • Driving license
  • Telephone bill
  • Ration card
  • Voter ID card (election card)
  • Any other certificate issued by a statutory authority
  • Most recent education qualification degree
  • Recent salary slips (for previous 3 months)
  • Form 16 (for previous 2 years)
  • Salary account bank statement (for previous 6 months)
  • Cheque for processing fee drawn in favour of PNB Housing Finance Limited
  • Photocopy of the title documents and approved plan of the property

List of documents required for self-employed professionals and non-professionals:

Filled loan application form with a coloured passport size photograph

Age proof in the form of one of the following:

  • PAN card
  • Passport
  • Any other certificate issued by a statutory authority

Residence proof in the form of one of the following:

  • Passport
  • Driving license
  • Telephone bill
  • Ration card
  • Voter ID card (election card)
  • Any other certificate issued by a statutory authority
  • Most recent education qualification degree (for professionals)
  • Certificate and business existence proof with business profile
  • Income tax returns (self and business) for previous 3 years with profit & loss account and balance sheets certified and audited by a chartered accountant
  • Bank account statements (self and business) for previous 12 months
  • Cheque for processing fee drawn in favour of PNB Housing Finance Limited
  • Photocopy of the title documents and approved plan of the property, etc.

Q. What is the extent of loan given against a property?

Ans. The maximum loan amount of a PNB Housing property loan is lower of the following:

  • 50% of the market value of the property as certified by PNB Housing’s approved valuer
  • Repayment capacity of the borrower

Q. What are the benefits of a loan against property from PNB Housing?

Ans. PNB Housing offers the following advantages to customers:

  • Range of options for a loan against property. Loans are available by mortgaging commercial properties, residential properties as well as residential and commercial plots.
  • Pan-India network of branch offices with 14 branches in the north, 9 in the west and 10 in the south
  • Strong service delivery model with doorstep services ensuring quick approval and disbursal of loans
  • Superior post-disbursement services
  • Option to enhance the loan due to an increase in cost
  • Experienced and dedicated staff give their best to ensure customer satisfaction
  • End-to-end enterprise system solution and best-in-class information system network help in faster loan processing
  • High standards of ethics, integrity and transparency
  • Multiple loan repayment options available
PNB Housing Loan Against Property
(5/5 ) 1 Review
Write a review
Dec 9 , 2016
5/5
Excellent

Excellent services by PNB housing loan. My loan got approved at 13% interest rate. I have a very long repayment tenure of 15 years during which I have to repay my loan amount. The documentation was also very simple and easy to complete.

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