30 Lakh Punjab & Sind Bank Home Loan

Urban Money is here to help you build your dream home by providing the most affordable home loans at low interest rates from various banking institutions. Dive into the details of 30 Lakh Home Loan Options from the Punjab & Sind Bank, ensuring you get the best competitive interest rates (ranging from 8.55% to 10%), low repayment plans, and lower associated fees. This loan can help you construct your dream home from scratch, purchase a flat or even an empty construction site. Urban Money offers the best financing options to all customers and will share all the related information on 30 Lakh Home Loan Options from the Punjab & Sind Bank. Discover all of its repayment plans ranging from 5 to 25 years. Also, learn if you are eligible for this loan and explore all the documents the bank requires

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Bhavya Kamra
Bhavya Kamra
With a background in commerce and a strong affinity for numbers, Bhavya is dedicated to delivering accurate financial insights in her blog. She avidly reads finance magazines and articles to stay updated on the latest market trends. Currently crafting content for Urban Money, Bhavya aims to offer practical financial tips and simplify complex subjects into easy-to-understand steps.
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Piyush Bothra
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.

30 Lakh Home Loan Punjab & Sind Bank – Highlights

Here are the important highlights of a 30 Lakh Home Loan from the Punjab & Sind Bank, which will help you analyse its various features and make your final decision about whether or not to acquire the loan:

Interest Rates Can range from 8.55% to 10%,
Loan Amount For private projects- 30%

For government projects- 25%

Processing Fee 0.15%, Maximum Payment to be INR 3750
Loan Tenure For non-pensionable salaried class- 60 years

For others- 30 years

Eligibility Individuals living in housing societies

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

Here are some of the important details about the 30 Lakh Home Loan EMI in the Punjab & Sind Bank

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹30 Lakh 8.55% p.a. 5 years INR 61,622 ₹6,97,320 ₹36,97,320

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

In case you want to avail of a 30 Lakh Home Loan in the Punjab & Sind Bank for 10 years, here are the important metrics that you need to know

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹30 Lakh 8.55% p.a. 5 years INR 37,276 ₹14,73,120 ₹44,73,120

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

Here are the details you must know if you want to apply for a 30 Lakh Home Loan in the Punjab & Sind Bank for 15 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹30 Lakh 8.55% p.a. 15 years INR 29,630 ₹23,33,400 ₹53,33,400

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

Let’s see the 20-year EMI for a 30 Lakh Home Loan in the Punjab & Sind Bank:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹30 Lakh 8.55% p.a. 20 years INR 26,130 ₹32,71,200 ₹62,71,200

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

Here are the EMI details on the 30 Lakh Home Loan from the Punjab & Sind Bank:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹30 Lakh 8.55% p.a. 25 years INR 24,258 ₹42,77,400 ₹72,77,400

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

Here are the various fees and charges that might apply to you if you apply for a 30 Lakh Home Loan from the Punjab & Sind Bank:

Fee/Charge Amount
Processing Fee 0.15% of the loan amount, which can go as high as INR 3750
Documentation Charges Actual Revenue Expenses
Stamp Duty & Other Statutory Charges As per the state law

30 Lakh Punjab & Sind Bank Home Loan – Documents Required

These are the various documents required for obtaining a 30 Lakh Home Loan from the Punjab & Sind Bank:

  • Address, Identity and Age Proof
  • Income Proof:
    • Salaried Class– Last 3-month salary slips and Form 16 for the past 3 years
    • Business Owners– Certified balance sheets for the last 3 months and proof of business
  • Asset and Liability Statement
  • Proof of Income
  • Bank and Loan Account Statement
  • Bio Data covering all personal and professional details
  • Guarantor’s IT returns for the past 2 years and income-proof
  • Employer undertaking
  • Purchasing proof of the residential unit
  • Copy of approved map
  • Permission for the construction of flat/ home
  • Allotment letter from the society/ apartment owners
  • Sale Deed
  • Cost estimate from the engineer

30 Lakh Punjab & Sind Bank Home Loan – Eligibility Criteria

Here are the official eligibility criteria for a 30 Lakh Home Loan from the Punjab & Sind Bank:

  • Age: Must be at least 18 years of age
  • Lenders: Individuals or groups of members of a housing society
  • Income: Stable income from any industry

Frequently Asked Questions

What is the EMI for a 30 Lakh Home Loan for 20 years in Punjab & Sind Bank?

The EMI of a 30 Lakh Home Loan for 20 years in Punjab & Sind Bank is INR 26,130.

Who is eligible for a 30 Lakh Home Loan in Punjab & Sind Bank?

Anyone over 18 who wants to live in a housing society is eligible for this loan.

What is the monthly interest rate of a 30 Lakh home loan in Punjab & Sind Bank?

The monthly interest rate for a 30 Lakh home loan in Punjab & Sind Bank can vary between 8.55% and 10%, depending on the borrower’s creditworthiness.

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