PNB Housing Finance Limited is a wholly owned subsidiary of Punjab National Bank, one of the leading nationalized banks. PNB provides a wide array of home loans to address varied customer needs.

PNB Apna Ghar Yojana home loans are meant for construction or for acquisition/ purchase of house/ flats. The minimum loan amount would be Rs.50,000/- and maximum loan amount depends on the repayment capacity of the borrower. In case of joint application, income of borrowers /co-borrowers are clubbed together for calculation of loan eligibility. The loan repayment is in Equated Monthly Installments (EMI) over a maximum period of 20 years.

ELIGIBILITY:

• Individuals in permanent service or having their own business (Resident or non-resident).
• Age of the applicant should not be more than 60 years in case of service class and 65 years in case of businessman or self employed.

LOAN AMOUNT:

• Minimum loan amount would be Rs.50,000/- and maximum loan amount depends entirely on the repayment capacity of the borrower(s).
• Actual loan eligibility shall be on the basis of repayment capacity as determined be PNBHFL taking into account income, age, qualification and occupation.
• Income of borrower(s) / co-borrower(s) shall be clubbed together for calculation of loan eligibility/ the level of finance in case of joint application

MARGIN:

The borrower's contribution shall be minimum 20% of the total cost of project, including stamp duty and registration charges.

INTEREST RATES: (Effective from 1.1.2009)

FOR LOAN UPTO Rs.20 LAKHS

Period	Floating Rate of Interest(%)	3 yrs Fixed Rate of Interest(%)
1-15 years	*10.25	13.00
16-20 years	10.50	13.00

FOR LOAN ABOVE Rs.20 LAKHS

Period	Floating Rate of Interest(%)	3 yrs Fixed Rate of Interest(%)
1-15 years	11.25	13.00
16-20 years	11.25	13.00

* Conditions apply

BUILDERS AND BODIES CORPORATE (Non Housing): 15.50%

BUILDERS AND BODIES CORPORATE (Housing): 15.00%

SECURITY:

Security for the loan is first charged by way of equitable/registered mortgage of the property to be financed and/or such other collateral securities as may be necessary. Loans to allot tees of flats/houses of development authorities or members of co-op. housing societies or reputed private builders can be considered on the basis of tripartite agreement and/or interim security. With respect to property under construction, interim security may be required. Collateral/interim security may be assignment of Life Insurance Policies, guarantees from sound and solvent guarantors, pledge of marketable shares and such other investments acceptable to PNBHF.

LOAN DISBURSEMENT:

For outright purchase of house/flat, the loan amount will be paid in lump-sum to the vendor at the time of registration after satisfying that the borrower has paid/provided for the balance amount. For houses/flats under construction, the loan amount will be disbursed in stages based on the progress of construction. Disbursement will be made after the property has been technically appraised and all legal documentation has been completed. The borrower has to invest his proportionate share of the cost, prior to disbursement of loan.

The loan can be disbursed either in lump sum or installments according to the requirement of the development authority/ society/ private builder.

LOAN REPAYMENT:

Loan repayment shall normally be in Equated Monthly Installments (EMI) comprising of principal and interest over a maximum period of 20 years. The table below shows the EMI for a loan of Rs. 1,00,000/- at different rates of interest.

No. of Years /Term of loan	11.00%	11.25%	11.50%	11.75%	12.00%	12.25%	12.50%	12.75%	13.00%	13.25%
05	2175	2187	2200	2212	2225	2238	22250	2263	2276	2289
07	1713	1726	1739	1752	1766	1779	1793	1806	1820	1833
10	1378	1392	1406	1421	1435	1450	1464	1479	1494	1508
15	1137	1153	1169	1185	1201	1217	1233	1249	1266	1282
20	1033	1050	1067	1084	1102	1119	1137	1154	1172	1190

SPECIAL REPAYMENT PLANS:

In deserving cases, Installmentsmay be fixed in increasing/decreasing order or in lump sum or even linked to Life Insurance Policies, under PNB Housing Finances’ special repayment plans like :

• Graduated repayment plan
• Decreasing repayment plan
• LIC linked repayment plan
• Balance payment facility