PNB Housing Finance Plot Loans

Home Loan By Profession
Home Loan By Property
Home Loan By Other
Home Loan By Scheme

PNB Housing Finance NRI Home Loan

PNB Housing Finance Roshni Home Loan

A PNB Housing Finance plot loan is a feature-rich credit option. As the name suggests, you can use this loan to buy land intended to build a home. The bank ensures eligible applicants can expect competitive interest rates, personalised repayment plans, higher loan tenure, and fast fund disbursement, among many others. Urban Money offers a complete guide to PNB Housing Finance land loans to make your homeownership journey less difficult. We primarily cover details such as PNB Housing Finance plot loan interest rate, processing fees, available loan amount, loan tenure, documentation, etc. Let’s get started.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. PNB Housing Finance Plot Loan Highlights

2. PNB Housing Finance Plot Loan Interest Rates

3. PNB Housing Finance Plot Loan Fees and Charges

4. PNB Housing Finance Plot Loan Eligibility Criteria

5. PNB Housing Finance Plot Loan Documents Required

6. Features of PNB Housing Finance Plot Loans

7. Things to Remember While Applying for a PNB Housing Finance Plot Loan

Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

PNB Housing Finance Plot Loan – Highlights

The following are the key parameters of a PNB Housing Finance plot loan:

Interest rates	9.50% p.a. Onwards (Floating rates)
Loan Amount	70-75% of the plot’s price
Loan Tenure	Up to 30 years
Eligibility	Both salaried and self-employed individuals

PNB Housing Finance Plot Loan Interest Rates

Let’s examine the detailed view of the PNB Housing Finance plot loan interest rate:

Credit Score	Salaried Individuals	Self-employed Individuals
Above 825	9.50% to 10%	9.80% to 10.30%
800 to 825	9.50% to 10%	9.90% to 10.40%
775 to 799	10.10% to 10.60%	10.65% to 11.15%
750 to 775	10.25% to 10.75%	10.80% to 11.30%
725 to 750	10.55% to 11.05%	11.25% to 11.75%
700 to 725	10.85% to 11.35%	11.55% to 12.05%
650 to 700	11.25% to 11.75%	11.75% to 12.25%
NTC Cibil >=170	11.25% to 11.75%	11.65% to 12.15%
NTC Cibil <170	11.15% to 11.65%	11.55% to 12.05%

PNB Housing Finance Plot Loan Fees and Charges

Here are the associated fees and charges of a PNB Housing Finance housing loan for plot purchases:

Fee/Charge	Amount
Processing Fee	1% of the loan amount
Prepayment charges	Nil
Late payment charges	2% per month on the default EMIs, I.e., 24% p.a.
Documentation Charges	₹100/- per lakh
Stamp duty	As per the state law
Legal Fees	At actual

PNB Housing Finance Plot Loan Eligibility Criteria

PNB Housing Finance plot loan eligibility criteria are as follows:

Profession: Borrowers should be Salaried individuals, Self-employed, or Business owners.
Age: Borrowers should not be older than 70 at loan maturity.
Income: Borrowers must have a regular source of income sufficient to cover the loan EMIs.
Credit Score: Borrowers’ credit scores should be at least 650 to qualify for attractive interest rates.
Nationality: Borrowers should be Indian citizens.

PNB Housing Finance Plot Loan Documents Required

Following are the expected documents required for a plot loan in PNB Housing Finance:

Proof of Identity: PAN Card, Aadhar Card, Passport, Driving License, etc.
Proof of Residence: Telephone Bill, Ration Card, Election Card, Passport, etc.
Proof of Income: Past 3 months’ salary slips, 6 months’ bank statements, and 2 years’ Form 16.
Proof of Property: Title documents of the property and approved plan for the home.
Additional Documents: Duly filled application form, your passport-sized photograph, and a cheque for processing fees in favour of ‘PNB Housing Finance Ltd.

Features of PNB Housing Finance Plot Loans

Here are the key features of a PNB Housing Finance land loan:

Branches across India: PNB Housing Finance has a nationwide network of branches.
Quick and easy loans: They provide a hassle-free loan application process with services at your doorstep.
Attractive interest rates: The plot loans come with competitive interest rates starting from 9.50%.
Lengthy tenor period: They offer long tenure for the loans, which can make the repayment process more manageable.
Government applicable interest subsidy: If you begin construction on the purchased land, you may be eligible for government interest subsidies.
Online post-payment services: PNB Housing Finance provides online services for post-payment, which can be convenient for managing your loan.
Various repayment options: They offer multiple repayment options to suit different financial situations.

Things to Remember While Applying for a PNB Housing Finance Plot Loan

The following are certain tips you should keep in mind while applying for PNB Housing Finance plot loans:

Check Eligibility: Ensure you meet the eligibility criteria, such as age, employment status, and credit score.
Prepare Documents: Gather all the necessary documents beforehand, including proof of income, age, residence, and property details.
Credit Score: A good credit score can get you better interest rates, so check your credit score before applying.
Property Verification: Make sure the property you wish to purchase is verified, and all the legal titles are clear.
Loan Amount: Understand how much loan you need and how much you are eligible for based on your income and the property’s cost.
Interest Rates: Compare the interest rates and choose the best option that suits your financial plan via the official website of Urban Money.
Repayment Plan: Choose a repayment plan that aligns with your financial stability and income flow.
Read Terms and Conditions: Carefully read all the terms and conditions of the loan agreement before signing it.
Ask Questions: If you have any doubts, don’t hesitate to ask questions or seek clarification by calling the Urban Money loan specialist.
Apply Online: For convenience and reduced processing fees, consider applying through the Urban Money website.