1 Crore Home Loan Punjab & Sind Bank

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With interest rates starting at just 8.55% per annum, the 1 crore Punjab & Sind Bank housing loan lets you purchase a residential property, expand an existing one, conduct repairs or renovations, or acquire a plot for building purposes. With flexible eligibility criteria and repayment period, the Punjab & Sind Bank home loan is an ideal option for an individual or a family. Easy application process and supportive customer service ensure a smooth journey towards your new home. Additionally, with no pre-payment charges, you can repay the loan at your convenience. Apply now to kickstart your journey towards your dream homeownership.

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Table of Content

1. 1 Crore Punjab & Sind Bank Home Loan Highlights

2. 1 Crore Punjab & Sind Bank Housing Loan EMI For 5 Years

3. 1 Crore Punjab & Sind Bank Housing Loan EMI For 10 Years

4. 1 Crore Punjab & Sind Bank Housing Loan EMI For 15 Years

5. 1 Crore Punjab & Sind Bank Housing Loan EMI For 20 Years

6. 1 Crore Punjab & Sind Bank Housing Loan EMI For 25 Years

7. 1 Crore Punjab & Sind Bank Home Loan Fees & Charges

8. 1 Crore Punjab & Sind Bank Home Loan Documents Required

9. 1 Crore Punjab & Sind Bank Home Loan Eligibility Criteria

Written By

Satyam Sachdeva

Satyam has always been interested in saving money and realising its worth. He created a Demat account when he turned 18 and has been a keen equity and mutual fund investor. Currently, a writer for Urban Money, he uses his skills to guide his readers in the right direction. Satyam strives to make financial complexities easy for everyone to understand with a pinch of creative salt.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

1 Crore Punjab & Sind Bank Home Loan – Highlights

Following are the key highlights of the 1 crore Punjab & Sind Bank home loan:

Feature	Details
Purpose	Purchase of a new home, home extension, repairs/renovation, or purchase of a plot for construction
Eligibility	Individuals, groups of individuals, and members of housing societies
Repayment Period	Flexible repayment periods, up to 30 years
Interest Rate	Starting at 8.55% per annum
Pre-Payment Charges	No pre-payment charges
Customer Support	Dedicated customer service team for assistance throughout the loan process

1 Crore Punjab & Sind Bank Housing Loan EMI For 5 Years

Refer to the table below to understand the applicable EMI on the 1 crore Punjab & Sind Bank home loan over a 5-year tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 1 crore	9%	5 years	₹2,07,584	₹24,55,013	₹1,24,55,013

1 Crore Punjab & Sind Bank Housing Loan EMI For 10 Years

Over a 10-year tenure, the EMI on the 1 crore Punjab & Sind Bank is given in the table below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 1 crore	9%	10 years	₹1,26,676	₹52,01,093	₹1,52,01,093

1 Crore Punjab & Sind Bank Housing Loan EMI For 15 Years

The applicable EMI on the 1 crore Punjab & Sind Bank housing loan over a 15-year period is:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 1 crore	9%	15 years	₹1,01,427	₹82,56,799	₹1,82,56,799

1 Crore Punjab & Sind Bank Housing Loan EMI For 20 Years

At an annual interest rate of 9%, the EMI on the 1 crore Punjab & Sind Bank over a 20-year tenure will be:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 1 crore	9%	20 years	₹89,973	₹1,15,93,423	₹2,15,93,423

1 Crore Punjab & Sind Bank Housing Loan EMI For 25 Years

The EMI applicable over a 25-year tenure on the 1 crore Punjab & Sind Bank home loan is given in the table below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 1 crore	9%	25 years	₹83,920	₹1,51,75,891	₹2,51,75,891

1 Crore Punjab & Sind Bank Home Loan – Fees & Charges

Study the table below to understand the fees applicable on the 1 crore Punjab & Sind Bank home loan:

Loan Amount	Processing Fee
Up to Rs. 25 lakh	0.15% of the loan amount (minimum Rs. 1000, maximum Rs. 3750)
Above Rs. 25 lakh and up to Rs. 50 lakh	0.25% of the loan amount (capped at Rs. 12500)
Above Rs. 50 lakh and less than Rs. 75 lakh	0.25% of the loan amount (capped at Rs. 15000)
Rs. 75 lakh and above	0.25% of the loan amount

1 Crore Punjab & Sind Bank Home Loan – Documents Required

It is essential to have the following documents while availing of the 1 crore Punjab & Sind Bank home loan:

Document Type	Required Documents
General Documents	– Loan application form – Identity proof (Aadhaar Card, PAN Card, Passport, or Driving Licence) – Address proof (Electricity bill, Driving Licence, or Aadhar Card) – Income proof (Form 16, IT returns, P&L statements, or salary slips)
Property Documents	– Valuation certificate from an authorised valuer – Index inspection/legal opinion from the legal counsel – Valuation report by the branch manager and accountant – Site visit report
Term Loan Documents (for construction/alterations)	– No Objection Certificate from the respective authority for mortgage or equitable mortgage (for leasehold property) – Approved plan – Architect’s estimate for the proposed construction or alteration

1 Crore Punjab & Sind Bank Home Loan Eligibility Criteria

Check the eligibility criteria for the 1 crore Punjab & Sind Bank home loan:

Age Requirement: Must be 18 years or older.
Eligible Candidates: Individuals, groups, and housing cooperative members

Frequently Asked Questions (FAQs)

What is the EMI for a 1 crore Punjab & Sind Bank home loan over a 20-year tenure?

If a home loan applicant is offered an interest rate of 9 per cent per annum on his 1 crore Punjab & Sind Bank home loan, the EMI over a 20-year tenure will be ₹89,973.

Who is eligible for a 1 crore Punjab & Sind Bank home loan?

Individuals above the age of 18 who have a steady source of income are eligible for the 1 crore Punjab & Sind Bank home loan.

What is the monthly interest rate on the 1 crore Punjab & Sind Bank home loan?

The interest rate offered by Punjab & Sind Bank depends on the CIBIL score of the home loan applicant. The minimum interest rate offered by the bank is 8.55% per annum, which is approximately 0.71% per month.

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