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How to Apply for PNB Housing Loan – Requirements – Banking 920 #cash #advance #loans


#pnb home loan
#

Do you want to apply a housing or home loan with Philippine National Bank (PNB) Sure Home Loan. Just follow the procedures below.

(Picture) PNB Sure Home Loan

PNB created the Sure Home Loan program to cater the housing needs of their clients.

Procedures for Applying Housing Loan in PNB

  1. How to apply for Philippine National Bank (PNB) Sure Home Loan?
    • Have a personal appearance to a PNB branch.
    • Apply for Sure Home Loan
    • Fill out and sign the application form completely
    • Submit complete requirements together with the application form to your nearest PNB Branch
  2. I am a Filipino working abroad, can I apply for a housing loan?
    • Yes. You may opt to submit your loan application form and requirements at our PNB Branches outside the Philippines (please refer to our list of PNB Branches) or at any PNB Branch in the Philippines.
  3. What fees do I have to pay?
    • An application/appraisal fee has to be paid upon submission of the application form complete requirements
    • Upon approval of the loan the following loan charges will be charged:
      • Mortgage Registration fee
      • Processing Fee
      • Mortgage Redemption Insurance Premium
      • Fire/ Lightning/ Earthquake Insurance Premium (for collateral with improvements)
  4. I am formerly a Filipino citizen and now a citizen of another country, can I still apply for a housing loan?
    • Yes.
  5. I am a Filipino relying mainly on a foreigner-spouse, can I still apply for a housing loan?
    • Yes, but your spouse’ income should come from employment here in the Philippines.
    • On a case to case basis, if based abroad, we should be able to verify the submitted proof of income via our overseas offices. Income considered is only from employment.
  6. I am separated, can I apply for a housing loan?
    • If you are legally separated and can submit certified true copy of court decision of your separation, we can process the loan without requiring your estranged spouse to sign on all loan documents. However, if you are not legally separated, your estranged spouse have to sign on all the loan documents
  7. If I am applying for a construction loan, how will it be released to me?
    • For construction loan and major home improvement, the release is on a staggered basis. The loan release will be in accordance with the required percentage completion of the building. Construction period is only for one (1) year, otherwise, the Bank has the option to call your loan due and demandable

REQUIRED AT ALL TIMES

  • HOUSING LOAN APPLICATION FORM (duly accomplished)
  • Photocopy of 2 valid ID’s
  • Appraisal Fee of P3,300 – non-refundable
  • If with co-maker/co-borrower/attorney-in-fact, separate application form is needed

IF EMPLOYED:

INCOME DOCUMENTS

  • Photocopy of company ID
  • Photocopy of the latest 2 years Income Tax Return (ITR)
  • Certificate of Employment and Compensation
  • Alien Certificate of Registration (ACR) and Official Receipt (if resident alien)

Overseas Filipino Worker

  • Photocopy of Passport
  • Contract / Certificate of Employment (COE) approved by the POEA, if applicable, authenticated by the Philippine Consulate (if direct hired)
  • Proof of inward remittance thru PNB or other banks
  • Crew Contract and Exit Pass from POEA (for seamen only)
  • PNB-prescribed Special Power of Attorney (SPA), if applicable
  • If husband or wife is abroad, to be authenticated by the Philippine Consulate

FOR THOSE BASED IN:

KINGDOM OF SAUDI ARABIA:

  • The certificate of employment salary should be stamped by the Saudi Chamber of Commerce and
  • Authenticated by the Philippine Consulate

USA US TERRITORY:

  • The certificate of employment salary should be authenticated by the Phil. Consulate
  • Loan applicant to fill-out the Bank’s Credit Information Authority and pay $50.00 for the Experian Report in PNB-Los Angeles Desk Office located at #3345 Wilshire Boulevard, Suite 200, Los Angeles, California 90010, USA

Contact Nos. 323-802-8001

Telex No. 6502253656

Fax No. 213-401-1803

Contact Person: Rowena Tabuzo

  • The certificate of employment salary should be authenticated by the Phil. Consulate
  • Loan applicant to fill-out the Bank’s Credit Information Authority and pay L85 for the Equifax Report in PNB-Europe Desk Office located at G/F Old Change House, 128 Queen Victoria St. London, EC4V 4HR, United Kingdom

Contact nos. 207-3971-340/ 41; 377/397

Telex Nos. 883981/ 8812797

Fax No. 207-653-1403

Contact Person: Gloria Alwis

JAPAN:

  • The certificate of employment salary should be authenticated by the Phil. Consulate and should be with English Translation

FOR OTHER COUNTRIES:

  • Certificate of Employment Salary authenticated by the Phil. Consulate
  • Proof of inward remittance thru PNB or other banks
  • Crew Contract and Exit Pass from POEA (for seamen only)

IF SELF-EMPLOYED:

  • Photocopy of ID (SSS / GSIS / Driver’s License / PRC License)
  • Business Name (DTI) or SEC Registration
  • Articles of Incorporation and By-Laws with SEC Registration Certificate, if applicable
  • Financial Statements / Income Statement for the last 3 years
  • Photocopy of the Income Tax Return (ITR) for the last 3 years
  • List of Trade References (Suppliers / Customers)

PRACTICE OF PROFESSION:

  • Clinic Address/es, schedules and contact numbers (for doctors)
  • Bank Statements for the last six (6) months

IF FROM COMMISSION:

  • Vouchers or Bank Statements for the last six (6) months reflecting commission income

IF FROM RENTAL OF PROPERTIES:

  • Submit photocopy of Lease Contracts / TCT’s of Earning Properties
  • Bank Statement for the last six (6) months

IF FROM TRANSPORT BUSINESS:

  • OR / CR
  • LTFRB Franchise
  • Business paper / registration
  • ITR for the last two (2) years
  • Bank Statement for the last six (6) months

COLLATERAL DOCUMENTS

  • Two (2) sets of clear photocopy of TCT / OCT / CCT (all pages including blank pages with the book and page / volume number indicated on the front page)
  • Lot Plan with Location / Vicinity Map certified by a licensed Geodetic Engineer
  • Photocopy of the latest Tax Declaration / Realty Tax Receipts / Tax Clearance
  • Master Deed of Declaration Restrictions (for Condominium)
  • For construction / renovation purposes:
  • Building Plans (complete set) duly signed by a Civil Engineer / Architect
  • Bill of Materials / Specifications / Cost Estimates duly certified by a Civil Engineer / Architect
  • Scope of Work (for renovation)
  • Building Permit
  • Deed of Absolute Sale or Contract to Sell (purchase of lot / house and lot)

FOR REFINANCING

  • Current Statement of Account
  • Official Receipt or cleared checks on amortization payments made or Passbook / Bank Statement where the monthly amortization payment is debited (at least 6 months)

PNB Punjab National Bank Home Loan #loans #for #pensioners


#pnb home loan
#

Punjab National Bank Home Loan

Punjab National Bank is a nationalized bank of India and the Punjab National Bank Housing Finance and Home Loan is fully owned by the bank as a subsidiary. The Home Loan section of Punjab National Bank offers the most customer friendly housing finance and home loan schemes with flexible option for repayment at affordable and attractive interest rates. The Punjab National Bank Housing Loans ensure that the task of buying or constructing of house becomes comfortable and easy for the consumer.

When PNB Gives Loan And Its Loan Types

The Punjab National Bank provides two kinds of home loans — fixed as well as floating, they are available at different rate of interest depending upon the difference in tenure of repayment. The Punjab National Bank Housing Loan is the best option for buying your dream home. The most competitive home loan option in India is the Punjab National Bank Home Loans. It offers loans for various purposes like constructing and purchasing of house; renovation, extension, modification and maintenance of the present flat.

Upto 80% of the total cost of your house or renovation or repairing will be covered by Punjab National Bank Housing Finance. You can take loan upto 10 lacs for purchasing land form the Punjab National Bank. It can give you loan upto 2 lacs for furnishing your house.

Special Feature Of EMI Calculator Life Insurance Cover

The website of Punjab National Bank offers EMI calculator to help customer calculate the rate of interest, tenure of repayment, amount of installment, etc. so that he can choose the scheme based on his requirement and capacity to pay back the loan. The best part is that Punjab National Bank offers best rate of interest in comparison with any other public sector commercial banks in India. The interest rate is fixed to suit the budget of every person who takes loan.

Punjab National Bank Home Loans offers insurance cover on life by taking an one time premium in order to cover the outstanding loan amount. This is an exclusive feature offered by Punjab National Bank. You just need to pay a lump sum for the payment towards the one time premium, which can be finance by Punjab National Bank as well.

Privileged Group Of People For PNB Housing Loan

The tenure of repayment of loan for Punjab National Bank Housing Loan is 25 years or the person taking loan must repay the loan before he turns 65 years of age which ever is earlier. People who are employed under BSNL, MTNL, OIL, ONGC, MUL, GAIL, IOC, BHEL, IBP, MROL, NTPC, Indian Airlines, Air India, etc. enjoy special benefit of paying lesser amount of interest on the loan.

Securities Needed For PNB Housing Loan

The things that works as security against Home Loan from Punjab National Bank are mortgage of properly which the bank is financing. In case of purchasing house by first power of attorney, one needs to provide security of 125% of the loan amount by mortgaging other properties, Government Securities, Fixed Deposit Receipts of Bank, Kisan Vikas Patras, LIC Policy, Public Sector Undertaking Bonds, National Savings Certificates, Indira Vikas Patras and other related things. If mortgage is not possible for any reason than a contract needs to be signed among the housing society/board, borrower and the bank.

More Information On PNB Housing Loan


How to Apply for PNB Housing Loan – Requirements – Banking 920 #consolidate #debt


#pnb home loan
#

Do you want to apply a housing or home loan with Philippine National Bank (PNB) Sure Home Loan. Just follow the procedures below.

(Picture) PNB Sure Home Loan

PNB created the Sure Home Loan program to cater the housing needs of their clients.

Procedures for Applying Housing Loan in PNB

  1. How to apply for Philippine National Bank (PNB) Sure Home Loan?
    • Have a personal appearance to a PNB branch.
    • Apply for Sure Home Loan
    • Fill out and sign the application form completely
    • Submit complete requirements together with the application form to your nearest PNB Branch
  2. I am a Filipino working abroad, can I apply for a housing loan?
    • Yes. You may opt to submit your loan application form and requirements at our PNB Branches outside the Philippines (please refer to our list of PNB Branches) or at any PNB Branch in the Philippines.
  3. What fees do I have to pay?
    • An application/appraisal fee has to be paid upon submission of the application form complete requirements
    • Upon approval of the loan the following loan charges will be charged:
      • Mortgage Registration fee
      • Processing Fee
      • Mortgage Redemption Insurance Premium
      • Fire/ Lightning/ Earthquake Insurance Premium (for collateral with improvements)
  4. I am formerly a Filipino citizen and now a citizen of another country, can I still apply for a housing loan?
    • Yes.
  5. I am a Filipino relying mainly on a foreigner-spouse, can I still apply for a housing loan?
    • Yes, but your spouse’ income should come from employment here in the Philippines.
    • On a case to case basis, if based abroad, we should be able to verify the submitted proof of income via our overseas offices. Income considered is only from employment.
  6. I am separated, can I apply for a housing loan?
    • If you are legally separated and can submit certified true copy of court decision of your separation, we can process the loan without requiring your estranged spouse to sign on all loan documents. However, if you are not legally separated, your estranged spouse have to sign on all the loan documents
  7. If I am applying for a construction loan, how will it be released to me?
    • For construction loan and major home improvement, the release is on a staggered basis. The loan release will be in accordance with the required percentage completion of the building. Construction period is only for one (1) year, otherwise, the Bank has the option to call your loan due and demandable

REQUIRED AT ALL TIMES

  • HOUSING LOAN APPLICATION FORM (duly accomplished)
  • Photocopy of 2 valid ID’s
  • Appraisal Fee of P3,300 – non-refundable
  • If with co-maker/co-borrower/attorney-in-fact, separate application form is needed

IF EMPLOYED:

INCOME DOCUMENTS

  • Photocopy of company ID
  • Photocopy of the latest 2 years Income Tax Return (ITR)
  • Certificate of Employment and Compensation
  • Alien Certificate of Registration (ACR) and Official Receipt (if resident alien)

Overseas Filipino Worker

  • Photocopy of Passport
  • Contract / Certificate of Employment (COE) approved by the POEA, if applicable, authenticated by the Philippine Consulate (if direct hired)
  • Proof of inward remittance thru PNB or other banks
  • Crew Contract and Exit Pass from POEA (for seamen only)
  • PNB-prescribed Special Power of Attorney (SPA), if applicable
  • If husband or wife is abroad, to be authenticated by the Philippine Consulate

FOR THOSE BASED IN:

KINGDOM OF SAUDI ARABIA:

  • The certificate of employment salary should be stamped by the Saudi Chamber of Commerce and
  • Authenticated by the Philippine Consulate

USA US TERRITORY:

  • The certificate of employment salary should be authenticated by the Phil. Consulate
  • Loan applicant to fill-out the Bank’s Credit Information Authority and pay $50.00 for the Experian Report in PNB-Los Angeles Desk Office located at #3345 Wilshire Boulevard, Suite 200, Los Angeles, California 90010, USA

Contact Nos. 323-802-8001

Telex No. 6502253656

Fax No. 213-401-1803

Contact Person: Rowena Tabuzo

  • The certificate of employment salary should be authenticated by the Phil. Consulate
  • Loan applicant to fill-out the Bank’s Credit Information Authority and pay L85 for the Equifax Report in PNB-Europe Desk Office located at G/F Old Change House, 128 Queen Victoria St. London, EC4V 4HR, United Kingdom

Contact nos. 207-3971-340/ 41; 377/397

Telex Nos. 883981/ 8812797

Fax No. 207-653-1403

Contact Person: Gloria Alwis

JAPAN:

  • The certificate of employment salary should be authenticated by the Phil. Consulate and should be with English Translation

FOR OTHER COUNTRIES:

  • Certificate of Employment Salary authenticated by the Phil. Consulate
  • Proof of inward remittance thru PNB or other banks
  • Crew Contract and Exit Pass from POEA (for seamen only)

IF SELF-EMPLOYED:

  • Photocopy of ID (SSS / GSIS / Driver’s License / PRC License)
  • Business Name (DTI) or SEC Registration
  • Articles of Incorporation and By-Laws with SEC Registration Certificate, if applicable
  • Financial Statements / Income Statement for the last 3 years
  • Photocopy of the Income Tax Return (ITR) for the last 3 years
  • List of Trade References (Suppliers / Customers)

PRACTICE OF PROFESSION:

  • Clinic Address/es, schedules and contact numbers (for doctors)
  • Bank Statements for the last six (6) months

IF FROM COMMISSION:

  • Vouchers or Bank Statements for the last six (6) months reflecting commission income

IF FROM RENTAL OF PROPERTIES:

  • Submit photocopy of Lease Contracts / TCT’s of Earning Properties
  • Bank Statement for the last six (6) months

IF FROM TRANSPORT BUSINESS:

  • OR / CR
  • LTFRB Franchise
  • Business paper / registration
  • ITR for the last two (2) years
  • Bank Statement for the last six (6) months

COLLATERAL DOCUMENTS

  • Two (2) sets of clear photocopy of TCT / OCT / CCT (all pages including blank pages with the book and page / volume number indicated on the front page)
  • Lot Plan with Location / Vicinity Map certified by a licensed Geodetic Engineer
  • Photocopy of the latest Tax Declaration / Realty Tax Receipts / Tax Clearance
  • Master Deed of Declaration Restrictions (for Condominium)
  • For construction / renovation purposes:
  • Building Plans (complete set) duly signed by a Civil Engineer / Architect
  • Bill of Materials / Specifications / Cost Estimates duly certified by a Civil Engineer / Architect
  • Scope of Work (for renovation)
  • Building Permit
  • Deed of Absolute Sale or Contract to Sell (purchase of lot / house and lot)

FOR REFINANCING

  • Current Statement of Account
  • Official Receipt or cleared checks on amortization payments made or Passbook / Bank Statement where the monthly amortization payment is debited (at least 6 months)

Punjab National Bank (PNB) – Banking Services, Home Loans, Contact Address and more #how #to #apply #for #a #student #loan


#pnb home loan
#

Banks In India Latest News And Updates

About Punjab National Bank (PNB)

Punjab National Bank, popularly called P. N. B. initially started its business on 12th April of the year 1895. With their mission to provide banking services to the un-banked, they aim to be the leading player in global banking. Over the time, they have become a known name, especially in the Indo-Gangetic plains. The huge network of this bank includes over 5, 100 offices, which include 5 overseas branches and more than 60 million customers. This bank has continued to maintain their leadership position for its strong fundamentals, superior brand image as well as huge franchise value.

Products and Services of Punjab National Bank

Micro, Small and Medium Enterprises (MSME) Banking

Personal Banking

  • T. M. Card
  • Balika Shiksha
  • Bal Vikas
  • Current Account (Smart banking)
  • Combo Deposit Scheme
  • Credit Card (Global)
  • Debit Card
  • Dugna Deposit Scheme   
  • Fixed Deposits (For 555 days, 777 days, 1000 days, 1111 days and victims of road accidents)
  • Loan (Car, education, housing, personal, professional, two wheeler, against property mortgage and for pensioners)
  • Mitra S. F. Account
  • Pensioners’ Overdraft Facility Scheme
  • Prudent Sweep
  • Rakshak Scheme 
  • Recurring Deposit
  • Salary Account (Total freedom)
  • Shikshak Overdraft Scheme
  • Shikshak Sweep Scheme
  • Term Deposits
  • Vidyarthi S. F. Account
  • World Travel Card

Social Banking

  • Special Schemes (For women and weaker section)

Other Online Services

  • A. S. B. A. (Application Supported by Blocked Amount)
  • Bill Payments
  • E-Tax Payments
  • Internet Banking
  • Mobile Banking
  • Money Transfer
  • P. N. B. Credit Card (Global)
  • Security Alerts
  • Share Trading

PNB Home Loan

Punjab national bank home loan offers complete home loan solutions at competitive rates. These home loan solutions of PNB are structured as per the needs of the Indian customers.

Punjab National Bank (PNB), the leading Indian public sector bank has been a pioneer in facilitating home loans to the burgeoning middle class Indians. Punjab national bank home loan solutions are tailor made to suit the needs of the Indians.

The home loans offered by Punjab National Bank are easy to avail and are offered at competitive rate of interest. Further, these Home Loan Solutions of PNB offer easy repayment schemes over predetermined repayment tenure, as fixed during the agreement. Furthermore, these home loans of PNB come with life insurance cover for the buyer. Security by a way of mortgage is being charged amounting to 125% of the loan applied for.

Punjab national bank home loan are offered for the following purposes:

  • Construction or purchase of residential flat or house.
  • Repairing, extending, renovating and even modification of existing residential flat or house.

Some features of Punjab National Bank home loan

  • Up to 75% of the cost of construction of house or purchase of flat or house is being provided.
  • Up to 75% or ` 20 lakh of the cost of repairing, extending, renovating and modification of flat or house is being provided.
  • Up to ` 20 lakh is being facilitated for purchase of land meant for the purpose of construction of house.
  • Up to ` 20 lakh is being facilitated for the purpose of furnishing.

Punjab National Bank IPO

Punjab National Bank, the leading public sector bank of India launched its second Initial Public Offering in 2005. After the success of the first IPO launched in 2002, Punjab National Bank. The second Punjab national bank IPO was opened on 7th March 2005 and closed on 11th March 2005. The price band of Punjab national bank IPO was fixed at ` 350 – ` 390 per share.

This price band of Punjab national bank IPO was fixed through a 100% book building process. The issue offered 80,000,000 equity shares of Punjab National Bank of ` 10/- each for cash. Further, 8,000,000 equity shares of ` 10/ each, at the issue price were reserved for the existing share holders. The upper end of the price band of Punjab national bank IPO targeted to raise ` 3,120 crores and the lower end targeted to raise ` 2,800 crores. With this issue of Punjab national bank the government of India ownership was reduced to 57% from the last IPO.

PNB Head Office Address and Contact Details

7, Bhikhaiji Cama Place

New Delhi – 110 066, India.

Tel. + 91 – 011 – 26196487/ 26102303


PNB Flexible Housing Loan #jumbo #loan


#pnb home loan
#

Housing Loan for Public

Charges e.g. stamp duty, registration charges and other documentation charges shall be borne by the borrower and shall not be considered towards margin money. However such charges may be added to the cost of the house/dwelling unit for the purpose of calculating LTV ratio in cases where the cost of the house/dwelling unit does not exceed Rs.10 lakh.

Equitable/registered mortgage of the property in question.

Repayment

Loan for carrying out repairs/ renovation / alterations to the house/flat: Max.15 years inclusive of moratorium period, if any.

Loan for Others: Max. 30 years inclusive of moratorium period, if any.c

  • The income of the spouse and earning children (whether married or unmarried) and of the joint owners can be added for determining the income for the purpose of borrowers’ repaying capacity. In such cases, they should be made co-borrower.
  • Father/Mother can also be made as co-borrower in cases where property is in the single name of his/her son and also clubbing of their income be permitted for the purpose of eligibility/repayment of loan.
  • Likely rental income, if the property is to be let out may also be added for determining the repaying capacity.

Repayment Holiday/ Moratorium

For Construction/ Additions of House/ Flat: Till completion of construction (including additions) or 18 months, from the date of disbursement of first installment of the loan, whichever is earlier.

For carrying out repairs/ renovation / alterations to the house/ flat: Till completion of repairs/ renovation / alterations or 6 months, from the date of disbursement of first installment of the loan, whichever is earlier.

For purchase of ready built House/ flat OR land/plot: Till the date of possession or 3 months from the date of advance, whichever is earlier.


Punjab National Bank (PNB) – Banking Services, Home Loans, Contact Address and more #loan #comparison #calculator


#pnb home loan
#

Banks In India Latest News And Updates

About Punjab National Bank (PNB)

Punjab National Bank, popularly called P. N. B. initially started its business on 12th April of the year 1895. With their mission to provide banking services to the un-banked, they aim to be the leading player in global banking. Over the time, they have become a known name, especially in the Indo-Gangetic plains. The huge network of this bank includes over 5, 100 offices, which include 5 overseas branches and more than 60 million customers. This bank has continued to maintain their leadership position for its strong fundamentals, superior brand image as well as huge franchise value.

Products and Services of Punjab National Bank

Micro, Small and Medium Enterprises (MSME) Banking

Personal Banking

  • T. M. Card
  • Balika Shiksha
  • Bal Vikas
  • Current Account (Smart banking)
  • Combo Deposit Scheme
  • Credit Card (Global)
  • Debit Card
  • Dugna Deposit Scheme   
  • Fixed Deposits (For 555 days, 777 days, 1000 days, 1111 days and victims of road accidents)
  • Loan (Car, education, housing, personal, professional, two wheeler, against property mortgage and for pensioners)
  • Mitra S. F. Account
  • Pensioners’ Overdraft Facility Scheme
  • Prudent Sweep
  • Rakshak Scheme 
  • Recurring Deposit
  • Salary Account (Total freedom)
  • Shikshak Overdraft Scheme
  • Shikshak Sweep Scheme
  • Term Deposits
  • Vidyarthi S. F. Account
  • World Travel Card

Social Banking

  • Special Schemes (For women and weaker section)

Other Online Services

  • A. S. B. A. (Application Supported by Blocked Amount)
  • Bill Payments
  • E-Tax Payments
  • Internet Banking
  • Mobile Banking
  • Money Transfer
  • P. N. B. Credit Card (Global)
  • Security Alerts
  • Share Trading

PNB Home Loan

Punjab national bank home loan offers complete home loan solutions at competitive rates. These home loan solutions of PNB are structured as per the needs of the Indian customers.

Punjab National Bank (PNB), the leading Indian public sector bank has been a pioneer in facilitating home loans to the burgeoning middle class Indians. Punjab national bank home loan solutions are tailor made to suit the needs of the Indians.

The home loans offered by Punjab National Bank are easy to avail and are offered at competitive rate of interest. Further, these Home Loan Solutions of PNB offer easy repayment schemes over predetermined repayment tenure, as fixed during the agreement. Furthermore, these home loans of PNB come with life insurance cover for the buyer. Security by a way of mortgage is being charged amounting to 125% of the loan applied for.

Punjab national bank home loan are offered for the following purposes:

  • Construction or purchase of residential flat or house.
  • Repairing, extending, renovating and even modification of existing residential flat or house.

Some features of Punjab National Bank home loan

  • Up to 75% of the cost of construction of house or purchase of flat or house is being provided.
  • Up to 75% or ` 20 lakh of the cost of repairing, extending, renovating and modification of flat or house is being provided.
  • Up to ` 20 lakh is being facilitated for purchase of land meant for the purpose of construction of house.
  • Up to ` 20 lakh is being facilitated for the purpose of furnishing.

Punjab National Bank IPO

Punjab National Bank, the leading public sector bank of India launched its second Initial Public Offering in 2005. After the success of the first IPO launched in 2002, Punjab National Bank. The second Punjab national bank IPO was opened on 7th March 2005 and closed on 11th March 2005. The price band of Punjab national bank IPO was fixed at ` 350 – ` 390 per share.

This price band of Punjab national bank IPO was fixed through a 100% book building process. The issue offered 80,000,000 equity shares of Punjab National Bank of ` 10/- each for cash. Further, 8,000,000 equity shares of ` 10/ each, at the issue price were reserved for the existing share holders. The upper end of the price band of Punjab national bank IPO targeted to raise ` 3,120 crores and the lower end targeted to raise ` 2,800 crores. With this issue of Punjab national bank the government of India ownership was reduced to 57% from the last IPO.

PNB Head Office Address and Contact Details

7, Bhikhaiji Cama Place

New Delhi – 110 066, India.

Tel. + 91 – 011 – 26196487/ 26102303


PNB Home Loans #car #loans


#pnb home loan
#

PNB Home Loans

Published by Virtual India Index on October 24, 2008 6:00 am 13 Comments

PNB or Punjab National Bank provides its customers with various Home loan policies and features at highly competitive rates. They know the needs of the Indian customers that they have to deal with, on a regular basis, and provide the policies accordingly. The PNB Home loans cater mainly to the requirements of the middle class individuals of India, as PNB itself is one of the leading public-sector banks of the nation.

The PNB Home loans are very easily available, and have an even easier process of repayment that is given over a prearranged time period. This period of time is determined, when the PNB Home loans are being finalized and along with the loans, the buyer gets the opportunity of having a life insurance covered against him. The basic grounds on which the PNB Home loans are provided are:

• Extending, repairing, modification and even renovating of an already existing building or flat

• Purchase or building of a new house or flat

The basic interest rates of the PNB Home loans may be around 9.5%, and the time period may vary from a minimum of 5 years to a maximum of 25 years. However, there is a certain limitation of the loan amount that an individual may take from the bank. The maximum amount of loan amount sanctioned under PNB Home loans is 20 Lac INR and the minimum that could be obtained is 1 Lac INR. It generally takes around 7 days to process the PNB Home loans, from the day it has been finalized with the bank.

Apart from all these details, the PNB Home loans also enable us to choose between fixed and floating rates that may be applicable from time to time, and keeps varying from one time period to another. As far as the eligibility is concerned, a person between the age group of 25 to 50 years may be qualified to apply for the PNB Home loans. Along with this, it also has to be noted that the annual income of the individual, who is applying for the loan, must be greater than or equal to 1.2 Lac INR.

We will send you some more information related to PNB Home Loans. Enter your email address.


IDBI Home loan Vs PNB Home loan Vs HDFC Home loan Vs SBI Home loan Vs PNB Home loan Vs bank of India Home loan Vs Axis Home loan #quick #money #loans


#idbi home loan
#

IDBI Home loan Vs PNB Home loan Vs HDFC Home loan Vs SBI Home loan Vs PNB Home loan Vs bank of India Home loan Vs Axis Home loan

Posted in Home Loan By rajkumar On September 7, 2013

IDBI Home Loan

IDBI home loan provide flexible home loan at lower processing fee to fulfill the milestone of dream home for every individual. Individuals can avail home loan for construction, purchase, and renovation of home. The IDBI bank allows home loans for Indian residents and Non-Indian residents as well. Tenure of home loan for Indians is 20 years and for NRI s it is 10 tears.

One can avail 90% of benefits on the property after submitting loan application to the IDBI bank. Instant loan approval facility is at the doorsteps of the customers from IDBI bank. Customers can also apply for home loan online. The attractive interest rates drag the attention of the customers to avail home loan. Tax deduction is also available for the customers who avail home loan.

Benefits of the customers availing home loan from IDBI home loan include hassle free documentation. Instant process of loan approval is special feature of IDBI bank with no processing fee along with IDBI home loan interest rate. The details of the document are confidential and revealed only to the customer and nominee. Customers trust the transparency of the document along with safety for the loan document. Pensioners can avail overdraft facility from the IDBI home loan. The loan amount availed by the customer can be repay in easy EMI as the bank understands the other needs of the loan takers as well. The interest rate of the IDBI bank is 10.25% for Rs. 1lac to 1.5crores.

PNB Home Loan

Punjab National Bank offers home loan for normal and flexible variants. The 18 to 65 years individuals applying for PNB home loan are grouped in Normal variants list. Flexible variants are the individuals after 50 years age. Individuals are interested to take PNB home loan to construct, purchase or renovate the property. The tenure for fixed variants is up to 25 years. There are no hidden charges for the customers after getting home loan from PNB home loan.

Customers are interested to know the details before going for the home loan as on original document there is lapse after 5 years upto 20% of loan amount sanctioned. There is no stamp duty and credit information charges from the bank. The PNB home loan interest rate depends on the pocket expenses of the individuals in specific cases. Individuals are curious about the interest rate offered by the PNB home loan as it is 20% for Rs. 20lacs and 25% for the individuals who avail home loan above Rs. 25lacs. Individuals should pay Rs.1350 as document charges. Individuals availing home loan upto Rs. 300lacs should pay 0.50% of the loan amount with an interest amount of Rs. 20000/- along with taxes. Home loans above Rs. 300lacs should pay Rs. 50000/- along with taxes.

HDFC Home Loan

The individuals interested in building a dream home can avail loan from HDFC home loan as it is listed high from the banks list. Individuals go for home loans for various reasons like home improvement, renovation, home extension. HDFC home loan interest rate is flexible to get a home loan and repayment of loan is easy to the customers. The bank supports safe document storage at free of cost. It offers loans for both Indian and non-Indian residents. Instant home loan approval is the best practice of the bank along with HDFC home loan interest rate .

Individuals can go for home loan approval from anywhere in India. Online application for home loan is the best practice for the current routine. Customers are impressed by the transparency commitment of the bank. The paper quality and services offered by HDFC made the bank ranked high from the list. Individuals who go for the home loan in the HDFC bank can be benefited by the tax deduction on home loan application. The HDFC home loan rate changes depending upon the individuals portfolio. The home loan interest rate for Rs. 30 lac is 14% as a variable rate.

SBI Home Loan

SBI Bank home loans fulfill the dream of own house for most of the customers with lowest EMIs. The customers enquire about the interest rates offered by banks in India and going to opt SBI as it offers reasonable interest on home loans. Customers prefer to choose SBI home loan as the interest rate is low. The interest rates vary on the individual’s portfolio. Cross checking the home loan application is easy with SBI as the processing charges and premium charges are low. The SBI home loan interest rate is 9.95% up to Rs 30lac at 0.25%. It is 10.10% for above Rs 30lac at 0.40%. Trust and transparency of the home loan documents made customers avail home loan. Individuals should pay an EMI in 995 installments at an interest of 9.95% for 25 years. The EMI is from 9.95% to 10.10% for 15 to 20 years up to Rs 30lac with an increase in installments.

Bank of India

Bank of India fulfils the desire of dream house as these include documentation process and instant home loan process. The Bank of India enquires about the eligibility, Processing Fee, Interest rates. The Interest Rates of home loan starts from 10.00% to 10.25% Per Annum. The bank of India home loan interest rate in choosing different EMI amounts for different periods on home loan. During tenure of loan customers repayment capacity in paying the home loan should be verified. The prepayment of Loan permitted for the home loan customers. The Accident Insurance cover should be inclusive of home loan with free of cost. The tenure term of loan upto Rs 30lacs supports at an interest of 10.00%. The interest rate of loan for Rs. 30 to Rs. 75lacs is 10.10%. The home loan more than Rs 75lacs Bank of India interest rate is 10.25%

Axis Bank Home loan

The Axis bank home loan limits the benefits and features as one can get EMI’s waived off by paying EMI’s on regular basis. This is absolutely free with no extra cost  to enjoy standard interest rates and happy ending. The balance transfer facility is available from axis home loan interest rate. The bank is ready to present before individual’s door steps. Individuals can pay off the housing loans for prepayments. This feature will last for 15 years. One can avail home loan instantly from axis home loan .

The interest rate for home loan is 10.25% upto 25lacs and later 10.65%. The EMI per lac EMI for housing loan is 982. The EMI for home loan above 25lacs is 1008. The processing fee for Rs. 10000/- and service tax. There is no prepayment option for home loan from Axis bank.


Punjab National Bank (PNB) – Banking Services, Home Loans, Contact Address and more #federal #pell #grant


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About Punjab National Bank (PNB)

Punjab National Bank, popularly called P. N. B. initially started its business on 12th April of the year 1895. With their mission to provide banking services to the un-banked, they aim to be the leading player in global banking. Over the time, they have become a known name, especially in the Indo-Gangetic plains. The huge network of this bank includes over 5, 100 offices, which include 5 overseas branches and more than 60 million customers. This bank has continued to maintain their leadership position for its strong fundamentals, superior brand image as well as huge franchise value.

Products and Services of Punjab National Bank

Micro, Small and Medium Enterprises (MSME) Banking

Personal Banking

  • T. M. Card
  • Balika Shiksha
  • Bal Vikas
  • Current Account (Smart banking)
  • Combo Deposit Scheme
  • Credit Card (Global)
  • Debit Card
  • Dugna Deposit Scheme   
  • Fixed Deposits (For 555 days, 777 days, 1000 days, 1111 days and victims of road accidents)
  • Loan (Car, education, housing, personal, professional, two wheeler, against property mortgage and for pensioners)
  • Mitra S. F. Account
  • Pensioners’ Overdraft Facility Scheme
  • Prudent Sweep
  • Rakshak Scheme 
  • Recurring Deposit
  • Salary Account (Total freedom)
  • Shikshak Overdraft Scheme
  • Shikshak Sweep Scheme
  • Term Deposits
  • Vidyarthi S. F. Account
  • World Travel Card

Social Banking

  • Special Schemes (For women and weaker section)

Other Online Services

  • A. S. B. A. (Application Supported by Blocked Amount)
  • Bill Payments
  • E-Tax Payments
  • Internet Banking
  • Mobile Banking
  • Money Transfer
  • P. N. B. Credit Card (Global)
  • Security Alerts
  • Share Trading

PNB Home Loan

Punjab national bank home loan offers complete home loan solutions at competitive rates. These home loan solutions of PNB are structured as per the needs of the Indian customers.

Punjab National Bank (PNB), the leading Indian public sector bank has been a pioneer in facilitating home loans to the burgeoning middle class Indians. Punjab national bank home loan solutions are tailor made to suit the needs of the Indians.

The home loans offered by Punjab National Bank are easy to avail and are offered at competitive rate of interest. Further, these Home Loan Solutions of PNB offer easy repayment schemes over predetermined repayment tenure, as fixed during the agreement. Furthermore, these home loans of PNB come with life insurance cover for the buyer. Security by a way of mortgage is being charged amounting to 125% of the loan applied for.

Punjab national bank home loan are offered for the following purposes:

  • Construction or purchase of residential flat or house.
  • Repairing, extending, renovating and even modification of existing residential flat or house.

Some features of Punjab National Bank home loan

  • Up to 75% of the cost of construction of house or purchase of flat or house is being provided.
  • Up to 75% or ` 20 lakh of the cost of repairing, extending, renovating and modification of flat or house is being provided.
  • Up to ` 20 lakh is being facilitated for purchase of land meant for the purpose of construction of house.
  • Up to ` 20 lakh is being facilitated for the purpose of furnishing.

Punjab National Bank IPO

Punjab National Bank, the leading public sector bank of India launched its second Initial Public Offering in 2005. After the success of the first IPO launched in 2002, Punjab National Bank. The second Punjab national bank IPO was opened on 7th March 2005 and closed on 11th March 2005. The price band of Punjab national bank IPO was fixed at ` 350 – ` 390 per share.

This price band of Punjab national bank IPO was fixed through a 100% book building process. The issue offered 80,000,000 equity shares of Punjab National Bank of ` 10/- each for cash. Further, 8,000,000 equity shares of ` 10/ each, at the issue price were reserved for the existing share holders. The upper end of the price band of Punjab national bank IPO targeted to raise ` 3,120 crores and the lower end targeted to raise ` 2,800 crores. With this issue of Punjab national bank the government of India ownership was reduced to 57% from the last IPO.

PNB Head Office Address and Contact Details

7, Bhikhaiji Cama Place

New Delhi – 110 066, India.

Tel. + 91 – 011 – 26196487/ 26102303


PNB Home Loan Now Starting @ % – LoanRaja #pnb #home #loan


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PNB Housing Finance with its robust network of branches has been providing financial services like loans and deposits to its customers.

PNB Housing Finance provides home loan for a maximum tenure of 20 years on Floating as well as Dual / Fixed Rate of interest.

Purpose

Eligibility

Salaried individual, self-employed professionals or non-professional having regular source of income.

For salaried borrowers age should not exceed more than 60 years and 65 years for self-employed professional/ non-professional, at the time of loan maturity.

Loan amount

Maximum Loan Amount subject to repayment capacity of the borrower

  • Upto 80% of the cost of property for loan amount below Rs. 75 lacs
  • Upto 75% of the cost of property for loan amount above Rs. 75 lacs

Documents

Some of the basic documents required to start the home loan process are:-

  • Completed loan application
  • 3 Passport size photographs
  • Proof of address
  • Proof of Identity
  • Bank Statement of last 6 months for salaried and 12 months for self-employed
  • For Self Employed/ Professionals
    1. ITR with financial statements – last 3 years
    2. CA certified Profit Loss Account Balance Sheets