Punjab & Sind Bank Home Loan in New Delhi
Last Updated : May 5, 2018, 4:18 p.m.
About Punjab & Sind Bank Home Loan New Delhi
Are you looking to renovate your existing home? Consider Punjab & Sind Bank New Delhi for home loans rather than disturbing your liquidity position i.e. bank balance. With paperless e-KYC approval of your documentation help quick approval of your loans from the bank. Moreover, the loan amounts vary for different housing loan requirements and can be availed up-to 18 times of your monthly net salary or 1.5 times of Net Annual Income or ₹ 3 lacs, whichever is less. You need to maintain a clear track record of past payment history in order to avail your desired amount of home loan.
Punjab & Sind Bank Home Loan New Delhi at a glance
| Particulars | Details |
|---|---|
| Interest Rate | 11.15% - 12.75% |
| Loan Amount | For 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 ₹ 3 lacs, 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. |
| Tenure | Upto 5 years |
| Processing Fee | One-Time: 1.0% of the loan amount. |
| Pre-payment Charges | Minimum 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 New Delhi
Address of Punjab & Sind Bank Branches in New Delhi
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| S D Public School Moti Nagar, Delhi | S D Public School, Moti Nagar, New Delhi - 110015 | PSIB0000880 | 110023104 | 011-25915411 |
| SGTB Khalsa College, Delhi University | SGTB Khalsa College, Delhi University, North Campus, New Delhi - 110007 | PSIB0000895 | 110023055 | 011 27667763 |
| Mata Gujri School, G K - I, New Delhi | Gurudwara Sri Guru Singh Sabha, C - Block Greater Kailash - I, New Delhi - 110048 | PSIB0000904 | 110023102 | 011-29237047 |
| Guru Harkishan Nagar, Delhi | S.S.Mota Singh School, Guru Harkishan Nagar, New Delhi - 110087 | PSIB0000845 | 110023072 | 011-25224437 |
| Jwala Heri Delhi | Jwala Heri Paschim Vihar Delhi - 110063 | PSIB0020929 | 110023119 | 011-25283546 |
| Delhi Chandni Chowk | Fountain Chandni Chowk Delhi – 110006 | PSIB0000007 | 110023016 | 011-23862751/23860470 |
| H - Block, New Delhi | H - Block, Connaught Circus New Delhi | PSIB0000013 | 110023005 | 011-27472921/23320703 |
| Paharganj | 5/1, D.B. Gupta Road, Pahar Ganj New Delhi | PSIB0000019 | 110023011 | 011-23617738/23616447 |
| Tilak Nagar | 43 - 44, New Market, Tilak Nagar, New Delhi – 110018 | PSIB0000038 | 110023037 | 011-25190097 |
| Kailash Colony | HS - 18, Kailash Colony Market New Delhi - 110048 | PSIB0000044 | 110023012 | 011-26468649/264322043 |
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