20 Lakh Punjab & Sind Bank Home Loan

Building or buying your affordable dream home will require some monetary assistance. Speaking of which, a 20 to 50 Lakh could be a good option for a budget home purchase. Urban Money is here to help you get the best financing solutions for building your dream home. Learn about the 20 Lakh Home Loan from Punjab & Sind Bank, which offers the lowest processing fees, competitive interest rates (ranging from 8.55% to 10%), and the most flexible repayment plans. This loan, “Apna Ghar,” aims to help individuals who want to live in housing societies and purchase a plot, constructive unit, or property for the same. Discover the eligibility criteria for this loan, along with all the documents required and the associated fees, to ensure that you qualify for the Punjab & Sind Bank 20 Lakh Home Loan. Here are the details.

20 Lakh Home Loan Punjab & Sind Bank – Highlights

These features of the 20 Lakh Home Loan from Punjab & Sind Bank will help you decide whether you want to apply for this loan.

20 Lakh Home Loan EMI For 5 Years from the Punjab & Sind Bank

These are the official repayment details if you want to take a 20 Lakh Home Loan EMI in the Punjab & Sind Bank.

20 Lakh Home Loan EMI For 10 Years from the Punjab & Sind Bank

Here is the EMI for 20 Lakh Home Loan EMI in the Punjab & Sind Bank if you want to repay it in 10 years.

20 Lakh Home Loan EMI For 15 Years from the Punjab & Sind Bank

If you want to pay off your Punjab & Sind Bank Home Loan within 15 Years, these are the official EMI details and total interest payable.

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

The table below depicts the approximate 20 lakh home loan EMI in Punjab & Sind Bank if you want to repay it in 20 years, along with the total interest payable.

20 Lakh Home Loan EMI For 25 Years from the Punjab & Sind Bank

Here are the EMI charges and total interest for a 20 Lakh Home Loan from the Punjab & Sind Bank, to be paid off in 25 years.

20 Lakh Punjab & Sind Bank Home Loan – Fees and Charges

If you are applying for a 20 Lakh Home Loan from Punjab & Sind Bank, you will have to pay some bank-related fees and charges. This includes a minimal processing fee, which will be 0.15% of the total loan amount, minimum INR 1000, and maximum INR 3750. The documentation charges will be the same as the actual stamp expenses of the loan amount. Punjab & Sind Bank charges no pre-payment fee, allowing borrowers to pay off their loan at any time.

20 Lakh Punjab & Sind Bank Home Loan – Documents Required

Here are the necessary documents which you must submit to apply for a 20 Lakh Home Loan from the Punjab & Sind Bank:

Documents related to Home Loan

• Proof of payment for the residence
• Copy of the proposed map must be approved
• Permission for construction
• Agreement from the architect/ engineer
• Allotment letter from the society
• Documents related to the purchase of the plot

Personal Documents

• Signed application form
• Two passport-sized photos
• Documents for address, identity, and age verification
• Proof of income:
  • For salaried individuals: Last three months’ salary slips and Form 16 for the past three years
  • For business owners: Certified balance sheets for the last three months and business proof
• Asset and liability declaration
• Income verification documents
• Bank and loan account statements
• Detailed personal and professional resume
• Guarantor’s income proof and IT returns for the last two years
• Employer’s letter of undertaking

20 Lakh Punjab & Sind Bank Home Loan – Eligibility Criteria

To apply for a 20 Lakh Punjab & Sind Bank Home Loan, the borrower must be:

• Over 18 years of age
• Looking for a home in a registered housing society
• Title of the property to be free from any encumbrance