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25 Lakh Punjab & Sind Bank Home Loan
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Punjab & Sind Bank offers a home loan of ₹25 lakh with flexible repayment options, making it easier for you to own your dream home. With competitive interest rates, the EMI for a 25 lakh home loan from Punjab & Sind Bank is designed to fit your budget. The bank's eligibility criteria for a 25 lakh home loan are straightforward, accommodating various types of applicants, including salaried individuals, self-employed professionals, and members of housing societies. Punjab & Sind Bank's 25 lakh home loan provides the support you need.
- Personalized Home Loan solutions
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- Credit score discussion
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Table of Content
25 Lakh Home Loan Punjab & Sind Bank – Highlights
Here are Punjab & Sind Bank home loan interest rates for 25 Lakh, along with highlights:
Loan Amount | ₹15,00,000 |
Tenure | 30 years |
Interest Rate | 8.50% to 9.85% |
Prepayment Charges | Not Required |
25 Lakh Home Loan Emi for 5 years Punjab & Sind Bank
Punjab & Sind Bank housing loan EMI for 25 Lakh is mentioned below in detail:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹25 Lakh | 8.65% p.a. | 5 years | ₹51,472 | ₹5,88,335 | ₹30,88,335 |
25 Lakh home loan EMI for 10 years Punjab & Sind Bank
Here are the 25 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 |
₹25 Lakh | 8.65% p.a. | 10 years | ₹31,197 | ₹12,43,681 | ₹37,43,681
|
25 Lakh Lome Loan EMI for 15 years Punjab & Sind Bank
Here are 25 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 |
₹25 Lakh | 8.65% p.a. | 15 years | ₹24,839 | ₹19,70,984 | ₹44,70,984
|
25 Lakh Home Loan EMI for 20 years Punjab & Sind Bank
25 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 |
₹25 Lakh | 8.65% p.a. | 20 years | ₹21,934 | ₹27,64,042 | ₹52,64,042
|
25 Lakh Home Loan EMI for 25 years Punjab & Sind Bank
Punjab & Sind Bank home loan of 25 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 |
₹25 Lakh | 8.65% p.a. | 25 years | ₹20,384 | ₹36,15,204 | ₹61,15,204
|
25 Lakh Punjab & Sind Bank Home Loan – Fees and Charges
There are some additional fees with Punjab & Sind Bank home loan interest rate of 25 Lakh.
- Processing Fee:
- For loans up to ₹25 lakh: 0.15% of the loan amount (minimum ₹1,000, maximum ₹3,750).
- For loans above ₹25 lakh up to ₹50 lakh: 0.25% of the loan amount (maximum ₹12,500).
- For loans above ₹50 lakh but less than ₹75 lakh: 0.25% of the loan amount (maximum ₹15,000).
- For loans of ₹75 lakh and above: 0.25% of the loan amount.
- Top-Up Loan Processing Fee:
- Applicable for loans up to ₹10 lakh at 0.15% of the loan amount, with a minimum fee of ₹1,000 and a maximum of ₹3,750.
- Prepayment Charges:
- No charges for prepayment.
- Documentation Charges:
- Actual costs for stamp duty and other statutory expenses are applicable.
- Guarantee Requirement:
- The guarantor can be the spouse or a major son if available.
- For co-borrowers, a third-party guarantee may be waived.
- CIBIL Credit Vision Score Spread and Effective EBLR:
- Score 768-790: 0.20% spread, resulting in an effective EBLR of 8.65%.
- Score 753-767: 0.35% spread, resulting in an effective EBLR of 8.80%.
- Score 732-752: 0.55% spread, resulting in an effective EBLR of 9.00%.
- Score 690-731: 0.90% spread, resulting in an effective EBLR of 9.35%.
- Score 641-689: 1.40% spread, resulting in an effective EBLR of 9.85%. This rate applies only to existing borrowers with a good payment history.
25 Lakh Punjab & Sind Bank Home Loan – Documents Required
Applicants must submit several papers to apply for a Punjab & Sind Bank house loan for ₹25 lakh. These consist of legitimate identity documents from the government (such as a passport, Aadhaar card, or PAN card) and proof of address (like utility bills, Aadhaar card, or voter ID). Documents proving the age, such as PAN cards, passports, or birth certificates, are also needed. Salaried individuals must provide their most recent pay stubs, Form 16 or Income Tax Returns for the previous two years, and bank statements for the previous six months as proof of income. Applications from self-employed individuals must include evidence of business ownership or registration, the last three years’ income tax returns, the previous three years’ balance sheets and profit and loss statements, and the previous six months’ bank statements. Additional paperwork about the property is needed, including the sale agreement or deed, the approved building plan, property tax receipts, the No Objection Certificate (NOC) from the builder or society, if applicable, and an encumbrance certificate. Additional papers include a cheque for the processing fee, passport-sized photos, and a properly completed and signed loan application form.
25 Lakh Punjab & Sind Bank Home Loan – Eligibility Criteria
The Punjab & Sind Bank 25 Lakh Home Loan is open to both salaried and self-employed individuals, with specific income and age requirements:
Eligibility Criteria | Details |
Eligible Applicants | |
Individuals | Any person, including salaried, self-employed, and professionals |
Group of Individuals | Two or more individuals, such as co-applicants, can apply jointly |
Housing Society Members | Individual members of registered housing societies |
Age Criteria | |
Minimum Age | 18 years |
Maximum Age | The combined age and loan tenure should not exceed the following limits: |
Salaried (Non-Pensionable) | The loan must be repaid by the age of 60 years |
Salaried (Pensionable) | The loan must be repaid by the age of 70 years |
Other Applicants | The loan must be repaid by the age of 70 years |
Frequently Asked Questions
What is the EMI for a 25 Lakh Home Loan for 20 years in Punjab & Sind Bank?
For 20 years, the EMI for a 25 Lakh home loan in Punjab & Sind Bank will be ₹21,934.
Who is eligible for a 25 Lakh Home Loan in Punjab & Sind Bank?
Individuals eligible for a ₹25 lakh home loan from Punjab & Sind Bank include salaried persons, self-employed professionals, and members of housing societies, all of whom must be at least 18 years old. The applicant’s age and loan tenure should not exceed 70 years for pensionable salaried and other applicants and 60 years for non-pensionable salaried individuals
What is the monthly interest rate of a 25 Lakh home loan in Punjab & Sind Bank?
Interest rates on 25 lakh housing loans from Punjab & Sind Bank range from 8.50% to 9.85%.