Most middle-class households struggle striking a balance between their present financial commitments and future requirements. In such a situation, a decision to avail a Home Loan largely depends on the EMI that does not disrupt your current finances.
While various financial institutions in India offer Home Loans at attractive interest rates, very few can match the features and benefits provided by a PNB Housing Loan. PNB Housing is a leading Non-Banking Financial Corporation (NBFC) of India. Over the last few years, PNB Housing Finance has carved a distinct niche for itself in this highly competitive market and has emerged as one of the most popular Home Loan providers in the year 2019. If you are also considering availing a Home Loan for buying a new residential property, here is a review of the PNB Housing Loan Offers for 2019.
A Housing Loan is a secured loan offered to prospective homeowners against the mortgage of the property to be purchased. The money availed as a Home Loan from PNB Housing Finance must be used for the purchase of a residential property only. With a vast branch network present across all major cities of India, applying for a PNB Housing Loan is extremely convenient.
Following are the significant features of a PNB Housing Loan:
1. The maximum amount available as a Home Loan from PNB Housing Finance depends on the market value of the property:
2. The maximum repayment tenor can go up to 30 years, as per your eligibility ascertained by the company.
3. In order to improve your eligibility, you can add more co-applicants to the Home Loan application.
4. PNB Housing also offers instant approvals for Home Loans on its website, wherein you can ascertain your eligibility in 3 minutes.
5. PNB Housing Finance has a tie-up with leading insurance companies to help you get your home as well as repayments secured.
6. PNB Housing Loan is available for salaried as well as self-employed individuals.
Without any doubt, the rate of interest applicable against your Home Loan is a significant factor in making the final decision. When it comes to PNB Housing Loan Interest Rates, thankfully, they are amongst the most attractive lenders in the market. PNB Housing Loan interest rates are based on floating rates and vary upon the nature of employment of the applicant.
As the interest rates are subject to change periodically, you must contact your nearest branch for updated information on PNB Housing Loan interest rates.
Following are the major points pertaining to the eligibility criteria followed for a PNB Housing Loan:
As there are several financial institutions offering Home Loans in the market, you might be confused regarding the suitability of a PNB Housing Loan. Here are the major benefits of availing a Home Loan from PNB Housing for your perusal:
PNB Housing Finance has a wide branch network across India, with at least one branch present in every major city of India. It is therefore convenient for you to Apply for a Home Loan, follow-up on your application, as well as seek resolution of your queries.
PNB Housing Finance Limited offers Home Loans for up to 90% of the value of the property. You can also avail various other Home Loan products like Home Improvement Loans, Plot Loans, Home Construction Loans, and Home Extension Loans. This offers you an opportunity to satisfy all your Home Loan related requirements from one place only.
PNB Housing Finance levies a processing charge of 0.5% against Home Loans, subject to a minimum of Rs. 10,000 plus GST, which is amongst the lowest in the market.
You can foreclose your PNB Housing Home Loan account without incurring any pre-payment charges.
PNB Housing Loan Interest Rates start from as low as 9.25% per annum, offering you an affordable option to purchase a residential property.
With so many features and benefits on offer, availing a PNB Housing Loan to realise the dream of buying your own home could become a reality very soon.
Also Read: Are You Eligible for PNB Housing Loan?
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