With over 37 million satisfied customers and over 4589 offices, PNB has continued to retain its leadership position among the nationalized banks. The bank enjoys strong fundamentals, large franchise value and good brand image. Besides being ranked as one of India's top service brands, PNB has remained fully committed to its guiding principles of sound and prudent banking. Apart from offering banking products, the bank has also entered the credit card & debit card business; bullion business; insurance business; Gold coins & asset management business etc.

PNB reaches out to you with fast, friendly and most convenient home loans for :

1. Construction or purchase of house/ flat.
2. Purchase of house/ flat on First Power of Attorney basis from the original allottee.
3. Carrying out repairs/ renovations/ additions/ alterations to existing house/ flat.
4. Special Feature- To cover the loan outstanding, life Insurance cover is also available on payment of one time premium which can also be financed by the Bank.

Extent of loan

Individual

1. For construction/purchase of house/flat:- 75% of the cost of construction of house or purchase of house/ flat .
2. For carrying out repairs/ renovation/ additions/ alterations: - 75% of the estimated cost subject to maximum of Rs. 20lacs.
3. Loan upto Rs.20 Lacs for purchase of Land/ Plot.
4. Loan is available maximum upto Rs.2 Lacs for furnishing.

Security :

• Mortgage of property for which finance is being given.
• In case of purchase of house/ flat from housing board/ society where mortgage cannot be created immediately, a tripartite agreement shall be executed amongst the housing board/ society, borrower and the Bank.
• In case of purchase of house/ flat on first power of attorney, additional security equal to 125% of the loan amount by way of mortgage of some other property or pledge of bank's FDR/ LIC policy/ Govt. Securities, NSCs, KVPs, IVPs, / PSU Bonds etc. has to be provided.

Rate of Interest

Float Interest Rate: 9.25
Float Loan Eligibility: 19 to 27
Tenure 20
Documentation Charges: Rs 15000
Upfront Fee : 0.90% of the loan amount + Service Tax & Education Cess
Documentation Charges : Rs.1,350/- + Service Tax & Education Cess
Repayment : Loan is to be repaid in equated monthly installments within a period of 25 years or before the borrower attains the age of 65 years.
Disbursement : For outright purchase of house/ flat, the loan amount will be paid in lump sum to the vendor.

For house/ flat under construction, the loan amount will be disbursed in stages as per progress of construction/ demand by selling agency.