Punjab & Sind Bank Home Loan Chennai - IFSC, Rates March 2024, EMI, Eligibility

Punjab & Sind Bank Home Loan in Chennai

About Punjab & Sind Bank Home Loan Chennai

Punjab & Sind Bank Chennai persuades home loan borrowers from Chennai and outside regions to avail affordable home loans for the sake of fulfilment of their wide variety of purposes. Be is construction of a new home, buying an acquired flat/plot, renovations, repairs and modifications. Get it at competitive interest rates from Punjab & Sind Bank Chennai.

 Punjab & Sind Bank Home Loan Chennai at a glance

Interest Rate11.15% - 12.75%
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 Chennai

Address of Punjab & Sind Bank Branches in Chennai

Branch NameComplete AddressIFSCMICRContact Number
Gorge Town, Chennai 165, Thambu Chetty Street, Post Box No.1955, George Town, Chennai PSIB0000429600023004044-25342562/25342016
Chennai Adyar36, First Cross, Kasturba Nagar, Adyar, Chennai - 600020 PSIB0000566600023005044-24411508
IBD ChennaiSpencer Tower, Anna Salai Chennai - 600002PSIB000057560002300328523173
Ashok Nagar Chennai 17/36, Gf, 4th Avenue, Ashok Nagar, Chennai PSIB0020999NON-MICR9444392997
Chennai Mount Road161 Mount Road Pb No.2729, Chennai, Tamil Nadu-600002 PSIB0000200600023002044-28523048, 28547057
Navalur Navalur, 1/334, A.S.K. Tower, Rajiv Gandhi Salai (OMR), Navalur, Tamil Nadu-603103 PSIB0000796NON-MICR044-27475499
Spl Lending Br Chennai770 A, Anna Salai, Ground Floor, Spencer Towers, Chennai, Tamil Nadu 600002 PSIB0021360NON-MICR9444066224

  • Home Loan Interest Rates March 2024
    Axis Bank8.75% - 9.15%
    Bank of Baroda8.50% - 10.60%
    Citibank8.75% - 9.15%
    HDFC8.50% - 9.40%
    ICICI Bank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.65%
    Kotak Bank8.70%
    LIC Housing8.50% - 10.50%
    Piramal Capital & Housing Finance10.50%
    PNB Housing Finance8.50% - 10.95%
    Reliance Home Finance8.75% - 14.00%
    State Bank of India/SBI9.10% - 9.65%
    Tata Capital8.95% - 12.00%