housing finance the magical key to your dream home

Everyone wishes to have their very own dream home. But, with the skyrocketing prices of the properties it’s becomes difficult for the common man to owning a dream home. In this situation, home loan comes in handy.
A home loan is a way of giving a boost to the individuals who wish to buy a home but do not have the financial capacity. Understanding the problem and after recognizing this fact PNB Housing offers its Pnb housing loan schemes for those who are not financially capable to turn their dream into reality.
PNB Housing is one of the leading housing finance company that is promoted by Punjab National Bank, the second largest bank in India. The company offers loans at affordable rates for customers who wish to buy their own home or piece of land.

Features of PNB housing loan 

• The bank offers loan to the individuals for many purpose like buying a dream home, for the renovation/ furnishings/ repairs or for buying the land for the construction of the home. 
• It provides loan amount up to 75% to 90% of the property’s value.
• The company offers housing loan at the affordable and reasonable rates ranges from 8.70%- 12%.
• You can disburse the loan amount as lump sum if the house or flat has already constructed and the purchase is in the nature of a resale. Whereas, in case, the house or flat is under construction then, the loan is disbursed in stages.
• Provide the facility of the repaying the loan through monthly installments. You can repay the loan through EMIs over a period of up to 30 years.

Eligibility for PNB housing loan

• The applicant must be citizen of India
• The age of the applicant should be 21 years but not more than 65 years.
• 2 year of work experience is required for the salaried applicant and for self- employed 5 years of stability in business is required.
• The applicant must have a steady or regular source of income.
• Applicant must have a good credit history.

Documents required 

• First and foremost, dully filled application form with passport sized photographs.
• Address proof such as voter ID, rental agreement, utility bills (electricity, water), passport, ration card.
• ID proof such as Aadhaar card, voter ID, driving license, passport, PAN card.
• Income proof such as last 3 months bank stamen, pay slips of last 2 months.
• Copy of processing fee cheque in favour of ‘PNB Housing Finance Ltd”.
• Photocopy of the title documents of eth property, approved plan.

To know more in details, visit https://www.applykaroo.com/loans/pnb-housing-loan