Punjab & Sind Bank Home Loan in Chandigarh

About Punjab & Sind Bank Home Loan Chandigarh

Punjab & Sind Bank Home Loan Chandigarh invites home loan applicants to apply for home loans for a range of objectives. Whether for constructing or buying a new house, redecoration or improvement of an existing house, purchase of a resale house, balance transfer or extension of your existing home, for any repair work etc. The loans are available at flexible interest rates that can accommodate the varied needs and pockets of every borrower.

Punjab & Sind Bank Home Loan Chandigarh 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 Chandigarh

Address of Punjab & Sind Bank Branches in Chandigarh

Branch NameComplete AddressIFSCMICRContact Number
Chandigarh Sector17 - C Sector 17 - C ChandigarhPSIB00000321600230060172-702970/713698
Chandigarh Sector 34S.C.O.371 - 373 Sector - 34a, Chandigarh - 160022PSIB00002421600230100172-790896/791441
Chandigarh Industrial Area4 - 5 M.W.Market Industrial Area Phase - I Chandigarh - 160002PSIB00002451600230100172-650173
Chandigarh Sector 111101, Sector - 11c, Chandigarh PSIB00003331600230040172-746881/744862
Chandigarh Sector 26S.C.O.62 Sector - 26, Chandigarh - 160019PSIB00003721600230040172-790896/791441
Chandigarh Sector - 47S.C.O. 64 - 65 Sector - 47 Chandigarh - 160047PSIB00004091600230120172-630635
Chandigarh Sector 22 - BSector 22b ChandigarhPSIB00004151600230070172-705359/714036
Chandigarh Sector 17 - BSector 17 - B ChandigarhPSIB00006001600230050172-704082/707757
Chandigarh Sector 46S.C.O. 76 Sector - 46 C Chandigarh - 160047PSIB00006841600230110172-609597
Industrial Finance BranchBank Square, Sector - 17b, Chandigarh - 160017PSIB00006891600230020172-715092, 700776
Mohali Phase 10 ChandigarhPhase - 10, Mohali 160017PSIB00007461600230280172-214296

 

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