How Does The PNB Housing Finance Home Loan Help Build Your New House?

PNB Housing Finance Ltd. provides a lump sum of amount to the customer for the purpose of construction of house or property. For this you just have to apply for PNB Housing Finance Home Loan which is a unique product for the customers who have their own land and need funds to build a house. Read this article below and know details of the PNB home loan and its advantages.

Instant Approval of PNB Housing Finance Home Loan

The housing finance company will sanction your PNB Home Construction Loan in 3 minutes. When you have all the original property papers and other proofs the application procedure is easy for you. As once the documents are verified by PNB Housing Finance Ltd. it assures that you are an eligible candidate for the home loan. To make sure that your loan request is approved quickly check out the eligibility criteria of the PNB Housing Finance Home Loan below:-

• You should have a Professional Degree, Diploma, Post-Graduate, or ITI degree, etc.

• You should be an employee of a local and stable business

• You should have a minimum income of INR 10,000 per month

• Your age should not be more than 65 to 75 years during the maturity

If you are applying for PNB Housing Finance Home Loan under PMAY, the following criteria will apply:-

• You should apply for the home loan Individually

• You should be a member of an immediate family such as self, spouse, and unmarried children.

• Your age should be above 18 years at the time of application

• Your family annual income should be up to INR 6 lakh (EWS & LIG), INR 6.01 lakh to INR 12 lakh (MIG1) and INR 12.01 to 18 lakh (MIG2).

• Your family should not own a pucca house in any part of India

• Your family should not avail of central assistance under any housing scheme from Government of India or PMAY.

Attractive PNB Housing Finance Home Loan Interest Rate

PNB Housing Finance LTd. charge an interest rate of 8.60-9.45% per annum which helps you to make the repayment easier. House construction requires a lump sum of funds at different time intervals and when you have a PNB Housing Finance Home Loan, there would be no trouble. As you can withdraw the loan amount as per your need and the interest rate would be applied according to it which not only makes it easy to repay the EMI, but at the same time the house construction process will go on without any break.

Apply for PNB Housing Finance Home Loan

You can apply for the home loan online by going to the PNB housing finance ltd. official portal where you can choose the home loan and fill up the application form in a hassle-free manner. The borrower can also use the offline method if he/she is comfortable in it. Because the housing finance company always provides a service to the customer in which they are comfortable.

The loan can be paid in equated monthly installments, and you can choose the tenure as per your convenience as the tenure comes with a flexibility of 30 years.