PNB Housing Finance Plot Loan

Last Updated 28th Oct 2020

PNB Housing Finance Land Loan 2021

Interest Rate 9.60%
Maximum Loan Amount Upto 70% of property value
Processing fee Upto 0.50%;
Maximum Tenure 30 years
Lowest EMI Per Lakh Rs. 939 for 30 years
  • PNB Housing Finance plot loan interest rate starts at 9.60%.
  • PNB Housing Finance land loan can be availed by both salaried and self-employed with good credit score.
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PNB Housing Finance Plot Loan Interest Rate

Lowest PNB Housing Finance plot loan rate is 9.60%, as applicable based on the PLR. Any change in PLR will translate into a similar change in the bank’s land loan rate. PNB Housing Finance’s interest rates on loan for land purchase depend upon the loan amount, salary and occupation of the borrower and nature of the property.

Loan AmountRateRate for Female BorrowerRate
Upto ₹ 20 Lakh9.60%N/AN/A9.60%
₹ 20 Lakh - ₹ 50 Lakh9.60%N/AN/A9.60%
₹ 50 Lakh - ₹ 75 Lakh9.60%N/AN/A9.60%
Above ₹ 75 Lakh9.60%N/AN/A9.60%

Loan for land purchase PNB Housing Finance

PNB Housing Finance loan for land purchase can be taken for different purposes by different borrowers. It can be taken either for the purchase of land for investment purposes, to construct a dream home, to construct one's desired personal space, or to conduct agricultural activities on that loan. PNB Housing Finance provides the following land loans to its customers.

PNB Housing Finance plot loans can be availed by both salaried and self-employed people who hold a good credit report. However, the borrower needs to meet the required eligibility factors. The loan can be availed for a maximum period of 30 years, which may differ based on the borrower's needs and repayment ability. Currently PNB Housing Finance plot loan interest rate ranges between 9.60% to 10.25%. However, PNB Housing Finance land loan interest rate may vary across borrowers based on occupation and income status.

Residential Plot Loans

PNB Housing Finance Land Loan Features

Features of PNB Housing Finance loan for plot purchase are listed as follows:

PNB Housing Finance Land Loan Benefits

Some of the benefits of availing PNB Housing Finance Land loan are:

PNB Housing Finance loan for plot purchase Eligibility Criteria

Documents Required for PNB Housing Finance Land loan

In order to avail of a plot loan, a borrower needs to meet the documentation process. The required document for a plot loan are:

Other Home Loan Products

FAQs on PNB Housing Finance Land Loan

How long will it take for PNB Housing Finance land loan approval?

PNB Housing Finance land loan is approved after meeting the required eligibility conditions and fulfilling the documentation requirements. Borrowers can even get instant approvals on plot loans through the online application portal.

What is the interest rate of a plot loan in PNB Housing Finance?

The interest rate of PNB Housing Finance plot loan ranges between 9.60% to 10.25%.

What is the processing fee for PNB Housing Finance land loans?

The processing fee for PNB Housing Finance land loan is Upto 0.50%; .

Can I get a loan on land purchase from PNB Housing Finance?

Yes, you can get a loan for land purchase from PNB Housing Finance through the Residential Plot Loans .

Can self-employed people avail PNB Housing Finance Plot loan?

PNB Housing Finance plot loan can be availed by salaried and self-employed people who have a decent credit track record.

PNB Housing Finance Home Loan News - Jan 2021
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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