Punjab and Sind Bank - 7.35% for Home Loan - New Purchase Home Loan

Punjab and Sind Home Loan:

Punjab & Sind Bank offer home loans starts at 7.35%* p.a. onwards for loan amounts from Rs 5 lakh onwards and for tenures of up to 30 years.

The bank also offers PSB Kisan Home Loan Scheme to home loan applicants residing in rural and semi-urban areas.

Interest Rate	7.35%* p.a.
Processing Fee	nill
Loan Amount	Rs 5 lakh onwards
Loan Tenure	Up to 30 years

 

Key Features of Punjab & Sind Bank Home Loan

1. Attractive home loan options.

2. Balance transfer facility.

3. Simplified documentation.

4. Doorstep service with fastest process.

5. No hidden charges

 

PSB Apna Ghar Top-up

0.50% over and above applicable rate of interest for Housing Loan to be added in BSP

Note:*Loan can be sanctioned to existing borrowers only having a record of regular/ timely repayment for more than one year.

 

Punjab & Sind Bank Home Loan Interest Depends Upon:

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income.

Higher the income, lesser will be the rate

 

2. Type of loan opted for:

Punjab & Sind Bank also offers differential rates for women borrowers and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

3. Existing bank customers:

Punjab & Sind Bank offers one of the lowest home loan rates to its existing bank account customers in view of their past relationship with the bank.

 

Punjab & Sind Bank : Apply

Apply for an Punjab & Sind Bank  easily on ApnaRupee.com – a channel partner for India’s top banks.
Our loan experts assist you throughout the process – from documentation to disbursal.
You can also compare Punjab & Sind Bank Home Loan rates with other banks before choosing the best deal for your home loan needs.

 

Punjab & Sind Bank Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months’ pay slip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

For Self-Employed:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile.

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Types of Punjab & Sind Bank Home Loan

1. PSB Apna Ghar-Sahaj

Purpose: For purchase of a built-up house or flat/construction or purchase of plot/construction, extension, repair, and renovation to permanent employees of State/Central Government, PSUs, and reputed education institutes

approved by the bank

Loan Amount: Rs 5 lakh onwards

Tenure: Up to 30 years subject to a maximum age

 

2. PSB Apna Ghar

Purpose: Purchase of dwelling unit/construction or purchase of plot/construction, extension, repair, and renovation to individuals, group of individuals, and individual members of housing societies

Loan Amount:

For repair/alterations/additions/renovations: Up to Rs 20 lakh

For purchase of house/plot/flat or construction of the house: Need-based finance with no maximum limit

Tenure:

For Plot Purchase, Home Renovation/Extension/Repair: Up to 15 years

For Purchase of built-up house/construction/purchase of plot and construction: Up to 30 years, not exceeding the retirement age (for salaried- up to 60 years, for salaried pensioners- up to 70 years, other than salaried- up to 70 years)

 

3. PSB Apna Ghar Top up

Purpose: Additional loan amount on the existing home loan to meet various personal requirements

Loan Amount:

Term Loan – Up to Rs 25 lakh

Overdraft – Up to Rs 10 lakh

Composite facility – Up to 25 lakh

Tenure: Term Loan- Up to 10 years

 

4. PSB Kisan Home Loan

Purpose: For construction/purchase/repair/renovation/upgradation of the house in the rural and semi-urban areas

Loan Amount:

Up to Rs 20 lakh subject to the following;

Plot purchase loan should not exceed 20% of loan sanctioned

Home loan for repair/renovation should not exceed Rs 2 lakh

Tenure: Up to 20 years (before 70 years of age of the borrower)

 

Frequently Asked Questions:

Q. Who can be a co-applicant for my housing loan?

Ans. Any immediate family member – your parents, spouse, earning children, or siblings – is permitted to be a co-applicant for a loan.

Adding a co-applicant will increase your loan eligibility as the income of the co-applicants will also be considered while determining the eligible loan amount.

 

Q. Can I choose between fixed and floating rates of interest?

Ans. Punjab & Sind Bank offers home loans at floating rates only.

 

Q. Does Punjab & Sind Bank offer any concessions on home loan interest rates to women applicants?

Ans. Punjab & Sind Bank offers an interest rate concession of 10 bps on home loans to woman applicants provided she is the owner/co-owner of the property and contributes to the EMI.