Punjab National Bank Home Loan in Indore

About Punjab National Bank Home Loan in Indore

Indore is a beautiful city to live and if you have been looking for an affordable home loan for quite a long time, Punjab National Bank is here to leave a smile on your face. The home loan scheme of Pradhan Mantri Awas Yojana gives you an affordable home loan interest rate to help you buy a home without any worries. Have a look at the eligibility criteria, interest rates, branch contact details in Indore city to apply for a home loan at Punjab National Bank.

Punjab National Bank Home Loan Indore at a Glance

ParticularsDetails
Interest Rate8.65% - 8.90%
Loan amountFor Public:
Up to ₹1 Crores

For Pradhan Mantri Awas Yojana: Up to ₹30 lakhs
TenureFor Public: Up to 30 years

For Pradhan Mantri Awas Yojana: Up to 15 years
Processing FeeFor Public:
For ₹300 lac- 0.50% of loan amount Maximum ₹20000/- For above - ₹50000/-

For Pradhan Mantri Awas Yojana: NIL

Eligibility Criteria

The eligibility criteria to apply for a home loan or housing loan at Punjab National Bank (PNB) is as follows:

  • For Public: Individuals or Joint owners.
  • For Pradhan Mantri Awas Yojana:
    • EWS households are defined as households having an annual income up to ₹3,00,000
    • LIG households are defined as households having an annual income above ₹3,00,000 and up to ₹6,00,000

Documents Required

The list of documents that an applicant must have at the time of applying for a home loan at PNB is as follows:

Identity Proof:

  • Valid
  • Passport
  • Voter ID Card
  • Aadhaar Card
  • Valid Driving Licence

Address Proof:

  • Valid Passport
  • Voter ID Card
  • Aadhaar Card
  • Valid Driving Licence

Income Proof:

  • Last 3 months’ Salary Slips
  • Last 6 months’ Bank Statements showing salary credits
  • Latest Form-16 and IT returns

Property Proof:

  • Title Deeds of the Plot
  • Proof of no encumbrances on the property
  • Copy of the plans approved by the Local Authorities
  • Construction estimate by an Architect / Civil engineer

Other Documents:

  • Employment Contract/Appointment Letter in case current employment is less than 1 year old
  • Last 6 months’ Bank Statements showing repayment of any ongoing loans
  • Duly filled application form along with recent passport
  • Own Contribution Proof

For more information, read Home Loan Indore

Address of Punjab National Bank Branches in Indore

Branch NameComplete AddressIFSC CodeMICRContact Number
Ashok Nagar, IndoreBilala Mill Road, Ashok Nagar, District Guna M.P 473331PUNB000270047302407607453-222738, 223124
Sitla Mata Bazaar36, Sitla Mata Bazaar, Indore, Madhya Pradesh 450202PUNB00212004520240020731- 2543362
Siyaganj, IndoreGG Tower, 24 Mg Road, Siyaganj, Indore, M.P - 452007PUNB00213004520240040731-2432170, 2547850
Mhow CanttMhow Cantt, M.PPUNB003210045202402507324-272884, 279363
Neemuch CanttNeemuch Cantt, Distt. Mandsaur, Indore M.P - 458441PUNB003640045802405107423 - 223011, 230599
Indore, Manorama GanjIndore Manormaganj, Madhya Pradesh - 452001PUNB00699004520240030731-2493846, 2490753
Jawahar MargJawahar Marg, Distt Indore, M.P - 452004PUNB01936004520240050731-2342025
Indore, Sanwer RoadMarimata Chouraha, Indore M.P 452006PUNB02157004520240060731-2421185.2422571
RCC IndoreNaliya Bakhal, Bharat Marg, Indore, M.P.PUNB02886004520240010731-2450523, 2454654
MPHB Shopping ComplexMP Housing Board Shopping Complex, A.B. Road, Indore (M.P.)PUNB02892004520240080731-2558542, 2551555
Indira Complex, IndoreIndira Complex, Navlakha, Indore, M.PPUNB03238004520240070731-2475255, 2468709
Keshar Bagh Road, IndoreKeshar Bagh Road, Indore, M.P - 452009PUNB03941004520240090731-2368687-2473754
Indore, New Subzi MandiNew Sabzi Mandi , Indore, M.P - 452001PUNB03990004520240100731-2330204, 2330253
Vijay Nagar, IndoreFirst Floor 36, Scheme No. 54, Vijay Nagar Indore M.P 452010PUNB0462200452024013NA

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