15 Lakh Punjab & Sind Bank Home Loan

Punjab & Sind Bank offers a comprehensive home loan solution, making it an ideal choice for individuals looking to purchase, construct, or renovate their dream home. If you are looking for a ₹15 lakh home loan, the bank provides competitive interest rates and flexible repayment options. The eligibility criteria for a ₹15 lakh home loan at Punjab & Sind Bank are designed to cater to a wide range of applicants, including salaried and self-employed individuals. The bank ensures a smooth application process and offers detailed information on the housing loan EMI for ₹15 lakh, helping customers plan their finances effectively. With Punjab & Sind Bank, achieving your homeownership goals is made simple and convenient.

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Table of Content

1. 15 lakh Home Loan Punjab & Sind Bank Highlights

2. 15 Lakh Home Loan EMI for 5 years Punjab & Sind Bank

3. 15 Lakh Home Loan EMI for 10 Years Punjab & Sind Bank

4. 15 Lakh Home Loan EMI for 15 Years Punjab & Sind Bank

5. 15 Lakh Home Loan EMI for 20 Years Punjab & Sind Bank

6. 15 Lakh Home Loan EMI for 25 Years Punjab & Sind Bank

7. 15 Lakh Punjab & Sind Bank Home Loan Fees and Charges

8. 15 Lakh Punjab & Sind Bank Home Loan Documents Required

8.1 Personal Identification

8.2 2. Age Verification

8.3 3. Income Proof

8.4 4. Property-Related Documents

8.5 5. Additional Documents

9. 15 Lakh Punjab & Sind Bank Home Loan Eligibility Criteria

9.1 Eligible Applicants

9.2 2. Age Criteria

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₹15 lakh Home Loan Punjab & Sind Bank – Highlights

Here are Punjab & Sind Bank home loan interest rates for ₹15 lakh, along with highlights:

Feature	Details
Loan Amount	₹15,00,000
Purpose & Tenure	Purchase/construction, up to 30 years
Interest Rate	8.50% to 9.85%, based on CIBIL Credit Vision Score
Processing Fee	0.15% of loan amount, min ₹1,000, max ₹3,750; No prepayment charges

₹15 Lakh Home Loan EMI for 5 years Punjab & Sind Bank

Punjab & Sind Bank housing loan EMI for ₹15 lakh is mentioned below in detail:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹15 lakh	9% p.a.	5 years	₹31,138	₹3,68,252	₹18,68,252

₹15 Lakh Home Loan EMI for 10 Years Punjab & Sind Bank

Here are the ₹15 lakh home loan EMI for 10 years Punjab & Sind Bank in a detailed format:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹15 lakh	9% p.a.	10 years	₹19,001	₹7,80,164	₹22,80,164

₹15 Lakh Home Loan EMI for 15 Years Punjab & Sind Bank

Here are ₹15 lakh home loan EMI for 15 years Punjab & Sind Bank, along with highlights:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹15 lakh	9% p.a.	15 years	₹15,214	₹12,38,520	₹27,38,520

₹15 Lakh Home Loan EMI for 20 Years Punjab & Sind Bank

₹15 lakh home loan EMI for 20 years Punjab & Sind Bank are as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹15 lakh	9% p.a.	20 years	₹13,496	₹17,39,013	₹32,39,013

₹15 Lakh Home Loan EMI for 25 Years Punjab & Sind Bank

Punjab & Sind Bank home loan of ₹15 lakh EMI for 25 years is mentioned below in the detailed format:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹15 lakh	9% p.a.	25 years	₹12,588	₹22,76,384	₹37,76,384

₹15 Lakh Punjab & Sind Bank Home Loan – Fees and Charges

There are some additional fees with Punjab & Sind Bank home loan interest rate of ₹15 lakh. These fees are mentioned below:

Type of Charge	Details
Processing Fee	Up to Rs. 25 lakh: 0.15% of the loan amount, min Rs. 1,000, max Rs. 3,750
	Above Rs. 25 lakh up to Rs. 50 lakh: 0.25% of the loan amount, max Rs. 12,500
	Above Rs. 50 lakh less than Rs. 75 lakh: 0.25% of the loan amount, max Rs. 15,000
	Rs. 75 lakh and above: 0.25% of loan amount
Top-Up Loan Processing Fee	Up to Rs. 10 lakh: 0.15% of the loan amount, min Rs. 1,000, max Rs. 3,750
Prepayment Charges	None
Documentation Charges	Actual expenses for stamp duty and other statutory charges
Guarantee Requirement	Spouse or major son as guarantor, if available Third-party guarantee may be waived for co-borrowers
CIBIL Credit Vision Score Spread	768-790: 0.20% spread, effective EBLR 8.65%
	753-767: 0.35% spread, effective EBLR 8.80%
	732-752: 0.55% spread, effective EBLR 9.00%
	690-731: 0.90% spread, effective EBLR 9.35%
	641-689: 1.40% spread, effective EBLR 9.85% (only for existing borrowers with good payment history)

₹15 Lakh Punjab & Sind Bank Home Loan – Documents Required

Following are the documents required to apply for a ₹15 lakh home loan emi Punjab & Sind Bank:

Personal Identification

Valid government-issued identity proof (such as Passport, Aadhaar Card, PAN Card, etc.)
Address proof (such as utility bills, Aadhaar Card, Voter ID, etc.)

2. Age Verification

Documents confirming the applicant’s age (such as birth certificate, passport, PAN card, etc.)

3. Income Proof

Salaried Individuals:
- Latest salary slips
- Form 16 or Income Tax Returns for the past two years
- Bank statements for the last six months
Self-Employed Individuals:
- Proof of business registration or ownership
- Income Tax Returns for the last three years
- Profit & Loss statements and Balance Sheets for the last three years
- Bank statements for the last six months

4. Property-Related Documents

Agreement for sale or sale deed
Approved building plan and property tax receipts
No Objection Certificate (NOC) from the builder or society (if applicable)
Encumbrance certificate (confirming the property is free from legal dues)

5. Additional Documents

Passport-sized photographs of the applicant
Processing fee cheque
Loan application form, duly filled and signed

₹15 Lakh Punjab & Sind Bank Home Loan – Eligibility Criteria

The following are the criteria for ₹15 lakh home loan eligibility at Punjab & Sind Bank:

Eligible Applicants

Individuals: Any individual can apply, including salaried, self-employed, and professionals.
Group of Individuals: Two or more individuals, such as co-applicants, can jointly apply for the loan.
Members of Housing Societies: Individual members of registered housing societies are also eligible.

2. Age Criteria

Minimum Age: 18 years
Maximum Age: The applicant’s age, along with the loan tenure, should not exceed the following:
- For Salaried Class (Non-Pensionable): The loan must be repaid by the age of 60 years.
- For Salaried Class (Pensionable): The loan must be repaid by the age of 70 years.
- For Other Applicants: The loan must be repaid by the age of 70 years.

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Frequently Asked Questions

What is the EMI for a ₹15 lakh Home Loan for 20 years in Punjab & Sind Bank?

The EMI for a ₹15 lakh loan with Punjab & Sind Bank for 20 years is ₹ 13,496.

Who is eligible for a ₹15 lakh Home Loan in Punjab & Sind Bank?

A ₹15 lakh house loan from Punjab & Sind Bank is available to applicants who are at least eighteen years old, as well as group co-applicants and members of registered housing societies. The applicant’s creditworthiness and steady income are further factors that determine eligibility.

What is the monthly interest rate of a ₹15 lakh home loan in Punjab & Sind Bank?

The interest rate for a ₹15 lakh house loan at Punjab & Sind Bank is between 8.60% and 10.62%.