| S.NO | Questions | Reply |
|---|---|---|
| 1 | Who are eligible for Housing Loan? | All individuals or Joint Owners are eligible for Housing Loan |
| 2 | What is the time taken to Sanction Housing Loan? | 5 to 7 days after submission of all the necessary documents. |
| 3 | What is the Maximum amount of Loan? | It is a need based loan. |
| 4 | What is the maximum tenure of Loan? | Maximum Tenure of loan is 30 years or upto age of 70 years |
| 5 | What is the maximum tenure of Loan? | For loan up to Rs. 30 lakh – 15% / 20% Loan above Rs. 30 lakh up to Rs. 75 lakh- 20% Loan above Rs. 75 lakh – 25% |
| 6 | What is the Rate of Interest for Housing Loan? | Click here |
| 7 | What are the documents required for Housing Loan? | Valid KYC documents i.e Voter ID, Aadhar Card, PAN Card, or any other valid ID/Address
Proof. Income proof i.e last three year ITR, Latest Salary Slip in case of salaried person. The detailed check list can be provided at specific request from the applicant at his/her email ID. |
| 8 | What is the criteria for CIC Score for Housing Loan? | No minimum Credit Information Company (CIC) score is prescribed, However, If CIC score is good then bank will offer better rate of interest. |
| 9 | What is the Service charges/ Processing Fee? | Click here |
| 10 | What is the Pre-payment charges of Housing Loan? | There is no pre-payment charges of Retail Loans under floating rate option. |
| 11 | There is no pre-payment charges of Retail Loans under floating rate option. | The valuation of the property will be done by the approved valuer of the bank. Legal opinion of the property is to be obtained by the Bank approved advocate. |
| 12 | Whether Joint Borrowers are eligible for Housing Loan and who can become the Joint borrower? | Joint borrowers are also eligible. Joint borrower can be joint owner or Close relatives. |
| 13 | Whether I can avail Housing Loan from Delhi for purchase of Property at Mumbai? | Housing Loan can be availed from the Present place of residence irrespective of place of property. |
| 14 | Whether Housing Loan can be sanctioned in un-approved colonies. | Housing Loan is sanctioned for construction of approved house building plan or for purchase of house whose construction is duly approved by the competent authority. (It varies from State to State). |
| 15 | What is the EMI? | EMI Table can be referred |
| 16 | Whether takeover from other bank/NBFC is permitted. | Takeover from other Bank/NBFC is permitted. |
| 17 | Whether loan for Under-Construction flat is available. | Loan for under construction flat of banks approved builder/project is available. List of approved project is available in our corporate website. |
| S.NO | Questions | Reply |
|---|---|---|
| 1 | Who are eligible for Car Loan? | All individuals or Joint borrowers. Business Concern. |
| 2 | What is the time taken to Sanction Housing Loan? | Within 3 days after submission of all the necessary documents. |
| 3 | What is the Maximum amount of Loan? | For individual it is Maximum Rs. 100.00 lakh. For Business Concern – Need Based |
| 4 | What is the maximum tenure of Loan? | Maximum Tenure of loan is 7 years or upto age of 70 years in case of Salaried person and
65 years for other than salaried. No age limit for loan to business concern. |
| 5 | What is the margin requirement? | For purchase of New Car – 15% of on-road price and 10% of on-road price in case of
tie-up with car manufacturer/dealer. For old vehicle – 25% of on-road price. |
| 6 | What is the Rate of Interest for Housing Loan? | Click here |
| 7 | What are the documents required for Housing Loan? | Valid KYC documents i.e Voter ID, Aadhar Card, PAN Card, or any other valid ID/Address
Proof. Income proof i.e last three year ITR, Latest Salary Slip in case of salaried person. The detailed check list can be provided at specific request from the applicant at his/her email ID. |
| 8 | What is the criteria for CIC Score for Housing Loan? | No minimum Credit Information Company (CIC) score is prescribed, However, If CIC score is good then bank will offer better rate of interest. |
| 9 | What is the Service charges/ Processing Fee? | Click here |
| 10 | What is the Pre-payment charges of Housing Loan? | There is no pre-payment charges of Retail Loans under floating rate option. |
| 11 | What is the EMI? | EMI Table can be referred |
| 12 | Whether takeover from other bank/NBFC is permitted. | Takeover from other Bank/NBFC is permitted. |
| 13 | Whether Guarantee is mandatory? | Guarantee acceptable to the Bank in case of Gross Monthly salary/pension/income is less
than Rs. 50000/- Or No guarantee required for permanent employees of Central Govt./ State Govt./ PSBs/MNCs/ Listed companies of BSE or NSE whose shares are actively traded and quoted above par irrespective of income |
| 14 | Whether reimbursement in case of Car purchased from own sources. | Reimbursement is permitted if Car is purchased from own sources and invoice is not more than 3 month old. |
| 15 | For more details please visit following links: Scheme For Financing Purchase Of Car By Public: Click here PNB Pride Car Loan For Government Employees: Click here |
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