HOUSING LOAN

BY PUNJAB NATIONAL BANK

What is Housing Loan?
• Loan offered to individuals who wish to buy or construct a house or a Flat.
• The property is mortgaged to the lender as a security till the repayment of the
loan.
• The bank or financial institution will hold the title or deed to the property till the
loan has been paid back with the interest due for it.
Why one should take a home loan?
• The process of selling of your house becomes easier
• Add discipline in his financial life.
• One can avail benefits in Tax
• If your spouse is a co-applicant in the loan, both of you can double your tax
benefits.
 ELIGIBILITY CRITERIA:-
•Age: Applicants should be 21 years or above at
the time of applying for a home loan. Age should
not exceed 70 years at the time of home loan
maturity.
• Monthly salary/income: ₹15,000 and above
• Required CIBIL Score: Minimum 611
• Work experience for salaried individuals: 3+
years
• Business continuity for self-employed: 3+
years
 HOW TO APPLY
Step 1
Click on the Apply for Loan button to initiate your application.

Step 2
Enter your Basic details & loan requirements.

Step 3
An OTP will be shared on your mobile number to verify your details.
DOCUMENTS REQUIRED

FOR SALARIED EMPLOYEES FOR SELF EMPLOYED/ PROFESSIONAL

• Loan application form (compulsory)
• Age Proof
• Residence Proof
• Income Proof: salary slips of last 3 months
• Form 16 for last 2 years
• Latest 6 months bank statement
• Other Documents such as property title, approved plan.
• Loan application form (compulsory)
• Age Proof
• Residence Proof
• Income Proof for business and ITR
• Proof of business existence
• Last 3 years income tax returns
• Accountant-certified balance sheets last 12
months bank account statement
RATE OF INTEREST

8.5%*
THANK YOU