Punjab & Sind Bank Home Loan New Delhi - IFSC, Rates February 2024, Eligibility, EMI

Punjab & Sind Bank Home Loan in New Delhi

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

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 New Delhi

Address of Punjab & Sind Bank Branches in New Delhi

Branch NameComplete AddressIFSCMICRContact Number
S D Public School Moti Nagar, DelhiS D Public School, Moti Nagar, New Delhi - 110015PSIB0000880110023104011-25915411
SGTB Khalsa College, Delhi UniversitySGTB Khalsa College, Delhi University, North Campus, New Delhi - 110007PSIB0000895110023055011 27667763
Mata Gujri School, G K - I, New DelhiGurudwara Sri Guru Singh Sabha, C - Block Greater Kailash - I, New Delhi - 110048PSIB0000904110023102011-29237047
Guru Harkishan Nagar, DelhiS.S.Mota Singh School, Guru Harkishan Nagar, New Delhi - 110087 PSIB0000845110023072011-25224437
Jwala Heri DelhiJwala Heri Paschim Vihar Delhi - 110063 PSIB0020929110023119011-25283546
Delhi Chandni ChowkFountain Chandni Chowk Delhi – 110006
H - Block, New DelhiH - Block, Connaught Circus New Delhi PSIB0000013110023005011-27472921/23320703
Paharganj5/1, D.B. Gupta Road, Pahar Ganj New Delhi
Tilak Nagar43 - 44, New Market, Tilak Nagar, New Delhi – 110018
Kailash ColonyHS - 18, Kailash Colony Market New Delhi - 110048 PSIB0000044110023012011-26468649/264322043

  • Home Loan Interest Rates February 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%