Punjab & Sind Bank Home Loan in Bhubaneswar

About Punjab & Sind Bank Home Loan Bhubaneswar

Do you wish to avail affordable interest rate on your home loan? Consider Punjab & Sind Bank Home Loan Bhubaneswar which disburses you reasonable home loans that accommodate your pockets and fulfill your housing dreams. The bank brings you the extensive categories of home loans to choose from so as to accomplish your different kind of needs.

Punjab & Sind Bank Home Loan Bhubaneswar at a glance

ParticularsDetails
Interest Rate12.80% - 14.05%
Loan AmountFor Salaried Class:

Up-to 18 times monthly net salary/1.5 times of Net Annual Income or ₹ 3 lacs, whichever is less
For Pensioner:
(a) Pensioners upto the age of 65 years - Up-to 15 times monthly net pension or ₹ 3lacs, whichever is less.
b) For Pensioners above the age of 65 years and upto the age of 70 years - Up-to 10 times monthly net pension or ₹ 1 Lac, whichever is less.
TenureUpto 5 years
Processing FeeOne-Time:
1.0% of the loan amount.
Pre-payment ChargesMinimum prepayment charges

Eligibility Criteria

The borrowers need to fulfill the following eligibility criteria while applying for Punjab & Sind Bank Home Loan:

(i) Individuals, Group of individuals, and individual members of housing societies are eligible under the scheme

(ii) Minimum age limit should be 18 years Maximum age limit should be subject to maximum age for repayment period

(iii) The following are the applicable categories in terms of availing guarantee towards home loan:

  • In case of Co-borrower: Third Party Guarantee may be waived.

  • In all other cases: guarantee of spouse or Major son may be obtained, if available

  • In cases, where sale deed/ lease deed/conveyance deed is to be registered after a considerable gap like in cases of Installment/construction linked plan e.g. Authority/ Society/ Builder’s flats/plots: Guarantee of earning spouse/ major son or suitable third party guarantee must be obtained.

Documents Required

The salaried employees/self-employed professionals and businessmen need to produce the following documents while applying for home loan.

  • Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

  • Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

  • Income Proof-Latest Salary Slips & Form 16 for Salaried employees, Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years for self-employed professionals and businessmen.

  • Bank Account Statement for the Last 6 Months.

  • Track record of existing loans, if any.

  • Details of property you look to buy & construct.

To know more details, visit Home Loan Bhubaneswar

Address of Punjab & Sind Bank Branches in Bhubaneswar

Branch NameComplete AddressIFSCMICRContact Number
Bhubaneshwar150, Ashok Nagar, Rajmahal Chowk Bhubeneshwar PSIB00003587510230020674-2533533
Biju Patnaik College , BhubaneswarBiju Patnaik College Of Science & Education, Bhubaneswar, Orissa - 751015PSIB00007897510230020674 2557979
BaramundaPlot No 1026/2216, Baramunda, Unit -19, Bhubaneswar, Distt┌╌khorda, Odisha - 751003PSIB0021498NON-MICR9937196739

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