Loan

Credit News

Punjab National Bank Home Loan #land #loans


#pnb home loan
#

Punjab National Bank Home Loan Review

Company Profile

PNB is the second largest government-owned commercial bank in India. The bank s assets for financial year 2007 were about US$ 60 billion. PNB Housing Finance Ltd. is a subsidiary Company of Punjab National Bank which has been registered under Companies Act, 1956. It has 30 branches all over the country. Its function is to carry on the business of providing long term finance for construction/purchase/repairs/renovation etc. of any house/flat/commercial properties /loans against properties apart from providing project financing.

Prepayment Charges On prepayment of the loan, in part or full, a loan seeker is charged an early redemption charge of 2% of the amount being prepaid. This feature is very much comparable to IDBI and HDFC Bank s offering.

Also a commitment charge of 1% per annum on the undrawn amount of the Line of Credit facility sanctioned is payable commencing six months from the date of acceptance of offer.

Published on August 6, 2010 Filed under: PUNJAB NATIONAL BANK HOME LOAN ;

7 Responses to Punjab National Bank Home Loan Review


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


Punjab National Bank Home Loan #credit #loans


#pnb home loan
#

Punjab National Bank Home Loan Review

Company Profile

PNB is the second largest government-owned commercial bank in India. The bank s assets for financial year 2007 were about US$ 60 billion. PNB Housing Finance Ltd. is a subsidiary Company of Punjab National Bank which has been registered under Companies Act, 1956. It has 30 branches all over the country. Its function is to carry on the business of providing long term finance for construction/purchase/repairs/renovation etc. of any house/flat/commercial properties /loans against properties apart from providing project financing.

Prepayment Charges On prepayment of the loan, in part or full, a loan seeker is charged an early redemption charge of 2% of the amount being prepaid. This feature is very much comparable to IDBI and HDFC Bank s offering.

Also a commitment charge of 1% per annum on the undrawn amount of the Line of Credit facility sanctioned is payable commencing six months from the date of acceptance of offer.

Published on August 6, 2010 Filed under: PUNJAB NATIONAL BANK HOME LOAN ;

7 Responses to Punjab National Bank Home Loan Review


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


Punjab National Bank Home Loan #i #need #a #loan #today


#pnb home loan
#

Punjab National Bank Home Loan Review

Company Profile

PNB is the second largest government-owned commercial bank in India. The bank s assets for financial year 2007 were about US$ 60 billion. PNB Housing Finance Ltd. is a subsidiary Company of Punjab National Bank which has been registered under Companies Act, 1956. It has 30 branches all over the country. Its function is to carry on the business of providing long term finance for construction/purchase/repairs/renovation etc. of any house/flat/commercial properties /loans against properties apart from providing project financing.

Prepayment Charges On prepayment of the loan, in part or full, a loan seeker is charged an early redemption charge of 2% of the amount being prepaid. This feature is very much comparable to IDBI and HDFC Bank s offering.

Also a commitment charge of 1% per annum on the undrawn amount of the Line of Credit facility sanctioned is payable commencing six months from the date of acceptance of offer.

Published on August 6, 2010 Filed under: PUNJAB NATIONAL BANK HOME LOAN ;

7 Responses to Punjab National Bank Home Loan Review


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


Punjab National Bank Home Loan #federal #student #loan


#pnb home loan
#

Punjab National Bank Home Loan Review

Company Profile

PNB is the second largest government-owned commercial bank in India. The bank s assets for financial year 2007 were about US$ 60 billion. PNB Housing Finance Ltd. is a subsidiary Company of Punjab National Bank which has been registered under Companies Act, 1956. It has 30 branches all over the country. Its function is to carry on the business of providing long term finance for construction/purchase/repairs/renovation etc. of any house/flat/commercial properties /loans against properties apart from providing project financing.

Prepayment Charges On prepayment of the loan, in part or full, a loan seeker is charged an early redemption charge of 2% of the amount being prepaid. This feature is very much comparable to IDBI and HDFC Bank s offering.

Also a commitment charge of 1% per annum on the undrawn amount of the Line of Credit facility sanctioned is payable commencing six months from the date of acceptance of offer.

Published on August 6, 2010 Filed under: PUNJAB NATIONAL BANK HOME LOAN ;

7 Responses to Punjab National Bank Home Loan Review


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


#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