PNB housing finance-PNB housing loan interest rate 2021

PNB housing finance

PNB housing finance – Depending on the sort of work and credit score, PNB Housing Finance offers house loans with interest rates starting at 7.20 percent per annum. Loans of up to 90% of the property’s cost can be obtained for a maximum payback period of 30 years. A processing fee of up to 0.50 percent of the loan amount (plus taxes) is imposed, with a minimum price of Rs.10,000.

PNB housing Loan Details

Interest Rate7.20% p.a. onwards
Loan AmountMinimum: NA, Maximum: 90% of property cost
Processing Fees0.25% – 0.50% of the loan applied for + Applicable Taxes (min 10000)
Penal Interest Rate2% per month on dues
Prepayment/Foreclosure ChargesNIL for floating-rate packages
2% to 3% for fixed-rate and non-individuals
Max Tenure30 Years
Rate Packages AvailableFloating Rate

Punjab National Bank has a branch called PNB Housing Finance. The bank has a large customer base and offers a variety of home loan options to the general public, private builders, government personnel, and others.

The following are the advantages and benefits of the PNB Housing Finance loans:

Interest rates as low as 7.20 percent per annum are available.
The PNBHFR is a floating rate of interest that is linked to the benchmark rate. When opposed to fixed-rate loans, this gives you the advantage of lower interest rates. You will save more money in the long run as a result of this.
PNB has partnered with well-known insurance organizations to ensure your loan repayments. This protects you financially in the event of unforeseen circumstances that may prevent you from repaying your loan.
The loan is disbursed quickly and without difficulty thanks to doorstep services.

PNB Housing Finance Loan Schemes

Home Purchase Loan: This loan is used to buy a home in India.

Home Improvement Loan: This loan covers the renovation, upgrade, or repair of an already purchased home, including flooring, water-proofing, false ceilings, woodwork, tiling, plumbing, and electrical work.

Home Extension Loan: This loan can be used to expand your home to accommodate a growing family by adding an extra room or area.

Home Construction Loan: This will offer the funds needed to build a residential property on one’s own, particularly for people who already own land and want to build a home on it.

Residential Plot Loan: This is for buying a residential plot in order to build a house in a city.

Home loan for NRIs and PIOs: Home loan options for NRIs and PIOs can be used to buy or build a new home. It can also be used to renovate and repair residential homes in India, but only in India.

Unnati Home Loans: With a maximum loan amount of up to Rs.25 lakh (subject to 90 percent of the property’s market value), these loans offer a simpler and streamlined loan disbursal process. The interest rates start at 10.75 percent and go up from there.

Documents Required for Salaried Individuals

Eligibility ProofDocuments Required
Proof of residenceTelephone bill/election card/ration card/driving license/passport/any relevant certificate from a Statutory Authority
Proof of agePassport/PAN card/any relevant certificate from a Statutory Authority
Proof of educational qualificationsLatest degree certificate
Proof of incomeMost recent salary slips of 3 months bank statements from salary account of the last 6 monthsForm 16

Documents Required for Professionals/Self-Employed Individuals

Eligibility ProofDocuments Required
Proof of residenceTelephone bill/election card/ration card/driving license/passport/any relevant certificate from a Statutory Authority
Proof of agePassport/PAN card/any relevant certificate from a Statutory Authority
Proof of educational qualificationsLatest degree certificate (for professionals)

Proof of income
Returns on income from the previous three years. A Chartered Accountant will audit and certify the balance sheets and profit and loss account.
Bank statements from the previous year
Profile of a company
Certificate and Proof of business existence

Additional Requirements:
A completed application form with a photograph is required.
A photocopy of the approved plan or the deeds to the property.
Make a check payable to ‘PNB Housing Finance Ltd.’ for the processing fee.

Contact Number: 1800 120 8800

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Union Bank of India-UBI home loan interest rate 2021

Union Bank of India home loan

Union Bank of India offers house loans with rates as low as 6.80 percent per annum. The good news is that if you decide to foreclose on the loan, you won’t have to pay any prepayment penalties (only for floating-rate loans). The processing cost is 0.5 percent of the amount sanctioned, plus GST.

Union Bank of India gives prospective homeowners loans with interest rates as low as 6.80 percent per annum. Longer repayment periods of up to 30 years, along with EMIs as low as Rs.652 per lakh, allow for a more flexible repayment schedule. You can also get a loan for house repairs of up to Rs.30 lakh. On adjustable-rate loans, the bank additionally waives the prepayment penalty completely.

Union Bank of India Home Loan Details

Interest rate6.80% – 7.40% p.a.
Current EBLR6.80% p.a.
Processing Fees0.50% of the loan amount
Max Repayment Tenure30 years

Union Bank of India Home Loan Schemes

Union Home
It’s possible to apply for a single or joint application, even if you have siblings.
There are a number of convenient ways to make payments.
Purchase of property in India is also possible for non-resident Indians.

Union Awas

Individuals with a minimum annual income of Rs.48,000 are eligible.
Specially designed for the purchase or building of houses, with a maximum loan amount of Rs.10 lakh in semi-urban areas and Rs.7 lakh in rural areas.
Can be used for the purchase or construction of a home, as well as repairs, improvements, and extensions to an existing home.

Union Smart Save

Allows borrowers to make additional deposits in addition to their normal EMIs.
In the event that you make additional deposits, you will save money on interest payments.
Possibility of withdrawing extra cash for personal use later

Document Required

Identity Verification 
Aadhaar Card, Voter ID, Valid Passport, Driving License, PAN Card

Proof of Address
Passport and driver’s license
Utility Bills Copies (electricity bill, telephone bill)
Voter ID using Aadhaar Card

Bank account statements for the previous 12 months as proof of income
For the previous year’s tax return

Property DocumentsTitle Deed, Allotment letter, Advance money receipt

Other Documents

If you have any outstanding loans, you must provide proof of repayment.
Check made out to the bank for the processing charge
3 passport-sized pictures and a fully completed loan application form

Toll-Free numbers: 1800 22 22 44/1800 208 2244

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HDFC home loan-HDFC home loan interest rate 2021

HDFC home loan

HDFC home loan offers eligible consumers low-cost home loans with interest rates starting at 6.70 percent per annum. For loans of up to 30 years, the EMI starts at Rs. 646* per lakh. For employed individuals, the processing cost will be Rs.3,000 (plus applicable taxes), whereas, for self-employed individuals, the fee would be Rs.5,000 (plus applicable taxes).

HDFC home loan Detail

Interest Rate6.70% p.a. onwards*
RPLR16.05%
Loan AmountBased on customer profile
Processing Fees0.5% – 1.5%
Penal Interest RateUp to 24% p.a.
Prepayment/Foreclosure Charges0% – 2%
Max Tenure30 Years

Eligibility Criteria for HDFC Ltd. Home Loans
A customer’s eligibility for an HDFC Ltd. Home Loan is determined mostly by their income and ability to repay the loan. HDFC Ltd. considers a variety of other parameters, including the applicant’s age, credit score, and credit history, among others. The following are the essential eligibility requirements:

ParticularsSalaried IndividualsSelf-Employed Individuals
Age21 years to 65 years21 years to 65 years
Minimum IncomeRs.10,000 p.m.Rs.2 lakh p.a.
NationalityResident IndianResident Indian

HDFC Home Loan Schemes

Home Loans from HDFC
Interest concessions for women applicants when acquiring an apartment, bungalow, row house, or other property from Development Authorities
Loans are exclusively available to resident Indians, and they can finance up to 90% of the entire property cost.

Plot Loan from HDFC
Direct allotment loans for the acquisition of a plot There are no hidden fees.
Repayment options that are tailored to you
Legal and technical advice from experts
Loans are also available to buy a resale plot.

Rural Housing Loan from HDFC
Rates start at 6.95 percent p.a. and go up from there.
Agriculturists, planters, horticulturists, and dairy farmers will benefit from it. Farmers interested in buying a home in both rural and urban regions
IT Returns are not necessary for agriculturists asking for a loan.
Agriculturists get a longer payback period of up to 20 years.

HDFC Reach Home Loan

for the purchase of a new or existing home
Loans for salaried people with a monthly salary of Rs.10,000 and self-employed people with a yearly income of Rs.2 lakh.
A loan can be utilized to buy a parcel of land.
Use this loan to build your home on a parcel of land or on free-hold land.

Home Improvement Loan from HDFC
A home renovation loan is a loan that is specifically designed to help you renovate your home.
New and existing customers can apply for loans.
The process of documentation is simple and painless.
Interest rates are comparable to those of a typical house loan.

HDFC Home Extension Loans

are available to help you expand or add space to your home.
A maximum of 20 years can be served.
Women’s applications are eligible for a lower interest rate.

HDFC Top Up Loans

Loans for both professional and personal purposes are available.
A maximum loan of R.50 lakh is available.
Only 12 months following the final disbursement of your existing home loan and upon ownership or completion of the existing financed property are you eligible to apply?

Transfer Loans from HDFC Balance
Conveniently transfer your existing loan to HDFC.
Additional top-up loan of up to Rs.50 lakh Special AGIF arrangement for home loans for Indian Army personnel
Repayment options that are tailored to you

NRI Home Loans from HDFC
NRI home loans are available for the purchase of an apartment, row house, or bungalow from private developers in India’s approved projects.
Loans are available for the purchase of a property in any part of India.
Get home loan advice in the country where you now live.
Loans from India’s Development Authorities for the purchase of the real estate

HDFC home loan Documents Required

Individuals with a Salary:
Proof of income
Salary slips from the previous three months
Bank statements from the previous six months
The most recent Form 16 and IT returns

Additional docs
Information about your job
Proof of personal involvement
Bank statement over the previous six months to see whether there are any other loans.
Passport-size photo of you and your co-applicant with signature
HDFC Ltd will receive a check for the processing fee.

Self-Employed Individuals
Income Tax Returns includes details of your businesses and income for the previous three years (attested by a chartered accountant)
Last three years’ balance sheet and profit and loss account statements
Statements of your business’s current and savings accounts over the previous six years

Additional docs
AS 26 Business Profile Form (latest)
Proof of personal involvement
Deed of Partnership (if applicable)
Details about your and your company’s current loans (if any)
Passport-size photo of you and your co-applicant with signature
The company’s Board of Directors and Shareholders, together with their shareholdings, are listed below.
HDFC Ltd will receive a check for the processing fee.

Toll-Free Number1800 258 38 38 and 1800 22 40 60

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SBI home loan interest rate 2021-SBI loan full scheme

SBI home loan

SBI home loan with competitive interest rates starting at 6.80 percent per annum. SBI is giving a 70 basis point interest rate reduction, with rates starting at 6.70 percent pa. and no processing fee. This offer is good until March 31, 2021. The loan term can be extended up to 30 years, allowing for a more convenient repayment schedule. These loans have a processing fee of 0.35 percent of the loan amount (minimum Rs.2,000, maximum Rs.10,000) + applicable taxes. On SBI Home Loans, women borrowers get a 0.05 percent interest rate reduction. They are one of the most popular housing loan solutions in the country since there are no hidden fees and no prepayment penalties.

SBI Home Loan Details

Interest Rate6.80% p.a. – 7.50% p.a.
EBR6.65%
Loan AmountBased on eligibility
Processing Fees0.35% – 1% of loan amount
Prepayment/Foreclosure ChargesNil
Max Tenure30 Years
Rate Packages AvailableFloating

State Bank of India has decreased the interest rates on its credit-linked home loans as part of its festive season offer. The interest rate on the seasonal offer is 6.70 percent per annum. These interest rates will remain in force until December 31, 2021.

The interest rate on the seasonal offer is 6.70 percent per annum. This is true regardless of the size of the mortgage. This interest rate also applies to house loans with a balance transfer. This is an approximately 45-basis-point drop from the previous interest rate. For a home loan of Rs.75 lakh, this corresponds to a savings of almost Rs.8 lakh over the course of 30 years.

Individuals with a credit score above 800 will receive a 6.70 percent p.a. interest rate, those with a credit score between 751 and 800 will receive a 6.80 percent p.a. interest rate, and those with a credit score between 700 and 750 will receive a 6.90 percent p.a. interest rate, according to the credit-score linked interest rate for home loans above Rs.30 lakh.

For home loans under Rs.30 lakh, those with a credit score of 800 or higher will receive a 6.70 percent annual interest rate, while those with a credit score of less than 800 will continue to pay the current interest rates.

Schemes for SBI Home Loan


Regular Home Loan from SBI
Interest rate: 6.80% p.a. and upwards
0.35 percent of the loan amount is charged as a processing fee (min. Rs.2,000; max. Rs.10,000)
Women have a 0.05 percent lower interest rate.
Prepayments are free of charge.
Applicants must be between the ages of 18 and 70.

Home Loan from SBI Flexipay
The interest
rate is determined by the customer’s credit score. Processing charge is 0.35 percent of the loan amount (min. Rs.2,000; max. Rs.10,000)
During the pre-EMI period, you have the option of only repaying the interest component.
In the coming years, EMIs will be increased.
Home loan eligibility for younger professionals has improved by 20%.

Home Loan from SBI Privilege
From 6.95 percent p.a. onwards, interest rate with check-off
From 7.00 percent p.a. onwards, interest rate without check-off
The fee for processing is completely eliminated.
Curated for employees of the federal and state governments
If you check off, you get a discount on your interest rates.
There is no processing cost.

Home Loan from SBI Shaurya
From 6.95 percent p.a. onwards, interest rate with check-off
From 7.00 percent p.a. onwards, interest rate without check-off
The fee for processing is completely eliminated.
Designed specifically for Defense and Armed Forces people.
Lower loan rates and longer-term choices are available.
There is no processing cost.

SBI Tribal Plus
The interest
rate is 10 basis points higher than the final rate.
0.35 percent of the loan amount is charged as a processing fee (min. Rs.2,000; max. Rs.10,000)
Especially for those who live in tribal or hilly areas.
A maximum 15-year repayment period is available.
A land mortgage is not required, and a third-party guarantor is permitted.

Differential offers from SBI Home Loan to Non-Salaried Individuals
Male interest rate: 7.15 percent and above
F
emale interest rate: 7.10 percent and above
0.35 percent of the loan amount is charged as a processing fee (min. Rs.2,000; max. Rs.10,000)
Individuals who have a source of income but do not get a monthly wage are eligible for this special program.
Special offers on loans for purchasing a new home, building a home, upgrading or repairing your home, or transferring a loan from another bank.
Available to business owners, partners, and directors as well.

Pre-Approved Home Loan from SBI (PAL)
Interest rate (for salaried males): 7% and up
Rate of interest (for salaried females): 6.95 percent and up
Rate of interest (non-salaried male): 7.15 percent and up
Rate of interest (non-salaried female): 7.10 percent and up
0.35 percent of the loan amount is charged as a processing fee (min. Rs.2,000; max. Rs.10,000)
Before a home is completed, a loan is approved.
Increases your bargaining power with the seller or function Object
Benefits comparable to those offered by SBI’s regular home loan

The interest rate on an SBI Bridge Home Loan (for the first year): 9.50 percent
Interest rate (for the second year): 10.50%
0.35 percent of the loan amount is charged as a processing fee (min. Rs.5,000)
Designed for persons who are selling one home and purchasing another. It can help cover the cost of a new home while you wait for the proceeds from the sale of your old one.
A two-year repayment period is possible.

Earnest Money Deposit with SBI (EMD)
Rate of interest: 10.45%
0.5 percent of the loan amount is charged as a processing fee (min. Rs.1,000)
Money to pay a deposit on a house or a parcel of land.
Can only be used to pay the reservation fee for houses/plots offered by urban development authorities, housing boards, and other government agencies.
1-year
short-term loans

NRI Home Loan from SBI
Interest rate (for salaried males): 7% and up
Rate of interest (for salaried females): 6.95 percent and up
Rate of interest (non-salaried male): 7.15 percent and up
Rate of interest (non-salaried female): 7.10 percent and up
0.35 percent of the loan amount is charged as a processing fee (min. Rs.2,000; max. Rs.10,000)
For Non-Resident Indians (NRIs) looking to buy a home in India.
For female candidates, there is a discount on the interest rate.
When compared to a regular home loan, there are no additional costs or interest rates.

Home Loan from SBI Realty
Male interest rate ranges from 7.70 to 7.90 percent.
Female interest rate: 7.65 percent to 7.85 percent
0.35 percent of the loan amount is charged as a processing fee (min. Rs.2,000; max. Rs.10,000)
Designed for the purchase of a plot of land on which to build your own home.
A maximum borrowing capacity of Rs.15 crore is available, with payback terms of up to ten years.
Taking a second SBI home loan for the actual construction is an option.

Processing fee for SBI Corporate Home Loans: 0.5 percent of the loan amount (min. Rs.50,000; max. Rs.10 lakh)
Only for corporations to build or purchase homes for their employees.
Both public limited and private companies can use it.
Balance transfers of housing loans from one bank to another in the name of a firm are also possible.

Home Loan for Commercial Real Estate (CRE) from SBI
The interest
rate is 50 basis points more than the interest rate on a home loan (For All)
0.35 percent of the loan amount is charged as a processing fee (min. Rs.5,000)
People who already own two or more homes and want to acquire more are eligible for a special scheme.
This strategy allows for the purchase of a maximum of three residences.
Benefits include a cheaper interest rate for women and the availability of an overdraft facility.

Loan Against Property from SBI (P-LAP)
Rate of interest (for salaried individuals): 8.90%–9.40%
Interest rate (above 50% of net monthly income from professional, company, or rental income): 8.80% – 9.65%
1% of the loan amount is charged as a processing fee (max. Rs.50,000)
To get money for personal reasons, put your property up as collateral.
There is no charge for making a deposit.
It is only available for personal use, not for business.

The interest rate for SBI Reverse Mortgage Loans for SBI Pensioners: 8.05 percent
9.05 percent interest rate (others)
0.50 percent of the loan amount is charged as a processing fee (min. Rs.2,000; max. Rs.20,000)
Designed specifically for senior citizens who own or live in a home.
After you retire, it can help you produce or supplement your income.
The loan does not have to be repaid throughout the borrower’s life.

Eligibility Criteria for SBI Home Loans
The following are the loan eligibility criteria for SBI house loans:

Age Requirement: Minimum age is 18; maximum age is 70.
Indians who are both residents and non-residents

Documents required for an SBI home loan application are the same for everyone:

Completed loan application form
three passport-style photos
Proof of Address (one): A recent utility bill or a copy of your Aadhaar card, driver’s license, or passport is required. One proof of identity: A voter ID card, a PAN, a driver’s license, or a passport are all acceptable forms of identification.
Identity card for the employer

For a salaried applicant, guarantor, or co-applicant, proof of income is required.

Salary certificate or three months
a copy of the past two years’ IT returns or a copy of the previous two years’ Form 16

Non-salaried applicant/guarantor/co-applicant proof of income:

Returns on IT investments during the last three years
The past three years’ balance sheet
Accounts of Profit and Loss for the last three years
a copy of your business license or a similar document
If applicable, use Form 16A or a TDS certificate.
Professionals should read: Qualification certificate
Proof of business location

Statement of Accounts:

Bank account statements for all bank accounts held by the applicant for the last six months Loan account statement for the preceding year if another loan is currently active

Papers related to property 

a copy of the blueprint that was authorized
Certificate of Occupancy (for the ready-to-move property)
Deed of Conveyance (For New Property)
Construction permission (where applicable)
Maintenance bill Electricity bill Property tax receipt Stamped Agreement for Sale or Allotment Letter
Approved Plan Copies (Xerox Blueprints) & the Builder’s Registered Development Agreement, Conveyance Deed (For New Property)
Payment receipts or bank account statements for payments to the seller or builder

SBI Home Loan Customer Care : Toll-free number: 1800-11-2018