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Punjab & Sind Bank Home Loan

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

Owning a home is a dream of almost all of us. You want to own a home because you want to secure your family and give them a permanent place to live without any tension and worries. You invest all your savings and funds to buy your dream property. Earlier, people used to borrow money from their relatives, friends and family members to buy the property. Borrowing a loan from the bank or housing finance company was not very much in trend. It was not very popular among the people. But today, the situation has changed and people prefer to buy home with a loan to claim tax benefits and build the equity over a period of time.

Borrow a home loan to suit your needs and to fit into your repayment budget. Don’t get tempted to borrow a loan beyond your repayment capacity, even though if you are eligible for the home loan of a higher amount.

As a home loan is a long t-erm thing, and you should borrow the loan from a reputed and trusted bank. You should not finalize your bank in a hurry. Instead, you should choose a bank after getting some important information and comparing the product with some other bank. Punjab & Sind bank offers you home loan at a very competitive rate of interest. It gives you a customized home loan to suit your requirements. The bank offers a loan to salaried and self-employed/professionals who have a regular source of income. You can borrow a home loan as an individual, a group of individuals, and individual members of the housing society. You can also apply for a joint loan with a co-borrowers. Here are some important features of Punjab & Sind Bank home loan.

Punjab & Sind Bank Home Loan Interest Rates

Particulars Details
Interest Rate 8.85% - 9.95%
Loan Amount Up to INR 25 lakhs
Tenure Up to 15 years
Processing Fee 0.25% subject to maximum of INR 15000/-

Punjab & Sind Bank Home Loan EMI Calculator

If you are interested in availing a home loan of ₹30,00,000 from Punjab & Sind Bank for 20 years at the rate of 8.75% per annum than your EMI will be as follows.

Field Amount
Loan Amount INR 30,00,000
Interest Rate 8.75% p.a.
Monthly Instalment (EMI) INR 26,511
Total Interest Amount INR 33,62,717
Total Amount (Principal + Interest) INR 63,62,717

You can also calculate Home loan EMI for your required loan amount at Wishfin.

Amortization Table

Year Principal (INR) Interest (INR) Balance Amount (INR)
1 57,919 260,213 2,942,081
2 63,192 254,940 2,878,889
3 68,950 249,182 2,809,939
4 75,233 242,899 2,734,706
5 82,084 236,048 2,652,622
6 89,561 228,571 2,563,061
7 97,722 220,410 2,465,339
8 106,624 211,508 2,358,715
9 116,337 201,795 2,242,378
10 126,933 191,199 2,115,445
11 138,497 179,635 1,976,948
12 151,114 167,018 1,825,834
13
164,880 153,252 1,660,954
14 179,900 138,232 1,481,054
15 196,289 121,843 1,284,765
16 214,169 103,963 1,070,596
17 233,679 84,453 836,917
18 254,964 63,168 581,953
19 278,192 39,940 303,761
20 303,955 14,598 0

Features of Punjab & Sind Bank Home Loan

  • You can borrow a loan to buy a flat/property
  • Bank provides loan for acquisition/extension of the property
  • Loan can also be borrowed to repair/renovation of the property

Punjab & Sind Bank Home Loan Eligibility

To apply for a home loan, you should have been a minimum of 18 years and the maximum age depends upon the repayment period.

Maximum Loan Amount

The maximum loan amount depends on your eligibility and needs. The loan amount is based upon your needs. There is no maximum limit for the loan. For repair, renovation, addition, and alteration, the bank offers a maximum of ₹20 lakhs as the loan to the customers. The bank does not impose any pre-payment charges on a home loan if you want to pre-close it.

Documentation Required for Punjab & Sind Bank Home Loan

Salaried Self-employed Self-employed professionals
Last 2 years Income tax returns Latest audited ITR and financials for the last 2 years Latest audited ITR and financials for the last 2 years
Latest 3 month salary slip Balance Sheet, Profit & Loss A/c., computation of Income along with all schedules Balance Sheet, Profit & Loss A/c., computation of Income along with all schedules
Latest Form 16 Bank statements of main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet Bank statements of main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet


Professional qualification certificate and degree certificate

Punjab & Sind Bank Home Loan Application Form

In order to avail the home loan from Punjab & Sind Bank, firstly you need to fill in the application form provided by the bank. Filling an application form is the first step to get the home loan from any lender. The best thing is that you can either fill in this form online or visit your nearest branch for the same. Through these two ways, you can easily apply for a home loan in Punjab & Sind Bank.