40 Lakh Punjab & Sind Bank Home Loan

Home Loan By Property
Home Loan By Profession

If you're considering purchasing a home, Punjab & Sind Bank ₹40 lakh home loan offers a comprehensive solution tailored to meet your financial needs. With attractive interest rates starting at 9.85%, the Punjab & Sind Bank housing loan EMI for ₹40 lakh is designed to be affordable and flexible, allowing for a repayment period of up to 30 years. The ₹40 lakh home loan eligibility at Punjab & Sind Bank is inclusive, catering to salaried individuals, self-employed professionals, and members of housing societies, ensuring that a wide range of applicants can benefit from this offer. Whether you're buying a new property or constructing your dream home, Punjab & Sind Bank provides a reliable and supportive lending experience.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. 40 Lakh Home Loan Punjab & Sind Bank Highlights

2. 40 Lakh Home Loan EMI for 5 years Punjab & Sind Bank

3. 40 Lakh Home Loan EMI for 10 years Punjab & Sind Bank

4. 40 Lakh Home Loan EMI for 15 years Punjab & Sind Bank

5. 40 Lakh Home Loan EMI for 20 years Punjab & Sind Bank

6. 40 Lakh Home Loan EMI for 25 years Punjab & Sind Bank

7. 40 Lakh Punjab & Sind Bank Home Loan Fees and Charges

8. 40 Lakh Punjab & Sind Bank Home Loan Documents Required

9. 40 Lakh Punjab & Sind Bank Home Loan Eligibility Criteria

Written By

Rishabh Baisoy

With a background in journalism and mass communications, Rishabh might be clueless about his plans for the evening, but he clearly knows what to write. A proud cinephile, Rishabh makes the perfect choice to discuss any movie with. Poetry holds a special place in his heart, which mingles well with his wanderlust personality. While he physically exists in India, his heart beats for the red part of Merseyside. Rishabh educates and empowers readers towards financial success at Urban Money.

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.

₹40 Lakh Home Loan Punjab & Sind Bank – Highlights

Here are Punjab & Sind Bank home loan interest rates for ₹40 lakh, along with highlights:

Maximum Loan Amount	₹40,00,000
Applicable Interest Rate	Starting from 9.85% varies with the CIBIL score
Maximum Repayment Period	Up to 30 years
Fee for Processing	0.25% of the loan amount, maximum ₹15,000
Prepayment Fee	None

₹40 Lakh Home Loan EMI for 5 years Punjab & Sind Bank

Punjab & Sind Bank housing loan EMI for ₹40 lakh is mentioned below in detail:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹40 lakh	9.85% p.a.	5 years	₹84,693	₹10,81,595	₹50,81,595

₹40 Lakh Home Loan EMI for 10 years Punjab & Sind Bank

Here is the ₹40 lakh home loan EMI for 10 years from Punjab & Sind Bank in a detailed format:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹40 lakh	9.85% p.a.	10 years	₹52,529	₹23,03,432	₹63,03,432

₹40 Lakh Home Loan EMI for 15 years Punjab & Sind Bank

Here is the ₹40 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
₹40 lakh	9.85% p.a.	15 years	₹42,618	₹36,71,220	₹76,71,220

₹40 Lakh Home Loan EMI for 20 years Punjab & Sind Bank

₹40 lakh home loan EMI for 20 years Punjab & Sind Bank is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹40 lakh	9.85% p.a.	20 years	₹38,204	₹51,69,004	₹91,69,004

₹40 Lakh Home Loan EMI for 25 years Punjab & Sind Bank

Punjab & Sind Bank home loan of ₹40 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
₹40 lakh	9.85% p.a.	25 years	₹35,926	₹67,77,779	₹1,07,77,779

₹40 Lakh Punjab & Sind Bank Home Loan – Fees and Charges

Punjab & Sind Bank offers a detailed fee structure for its home loan products, ensuring transparency and clarity for borrowers. The processing fee varies depending on the loan amount, with specific percentages applied and caps on the maximum fee. For instance, loans up to ₹25 lakh have a processing fee of 0.15%, with a minimum of ₹1,000 and a maximum of ₹3,750. The bank does not charge any prepayment fees, allowing borrowers flexibility in managing their loan repayment. Additional costs include actual documentation-related expenses, such as stamp duty and other statutory charges.

Charge Type	Details
Top-Up Loan Fee	0.15% for loans up to ₹10 lakh, minimum ₹1,000, maximum ₹3,750
Guarantor Policy	Requires a guarantor, usually a spouse or major son; third-party guarantee may be waived
Interest Rate Premiums	Based on the CIBIL Score: ● 768-790: 0.20% spread, EBLR at 8.65% ● 753-767: 0.35% spread, EBLR at 8.80% ● 732-752: 0.55% spread, EBLR at 9.00% ● 690-731: 0.90% spread, EBLR at 9.35% ● 641-689: 1.40% spread, EBLR at 9.85% (for existing borrowers with good history)

₹40 Lakh Punjab & Sind Bank Home Loan – Documents Required

Below are the required documents to get a ₹40 lakh loan from Punjab & Sind Bank:

Category	Documents Required
Identity Proof	Passport, Aadhaar Card, PAN Card, or any valid government-issued ID
Address Proof	Utility bills, Aadhaar Card, Voter ID, or any official document verifying address
Age Verification	Birth Certificate, Passport, PAN Card, or any document confirming age
Income Documentation	● Salaried Applicants: Recent salary slips, Form 16 or last two years’ Income Tax Returns, Bank statements for the last six months ● Self-Employed Applicants: Proof of business 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
Property Documents	Agreement for sale, sale deed, approved building plan, property tax receipts, No Objection Certificate (NOC) from the builder or society (if applicable), encumbrance certificate
Additional Requirements	Passport-sized photographs, processing fee cheque, fully completed and signed loan application form

₹40 Lakh Punjab & Sind Bank Home Loan – Eligibility Criteria

The eligibility criteria for a Punjab & Sind Bank Home Loan are designed to accommodate both salaried and self-employed individuals. Here are the details:

Applicant Types: Open to salaried individuals, self-employed professionals, and members of registered housing societies.

Age Requirement: Minimum entry age is 18 years.

For Salaried (Non-Pensionable): Loan repayment must be completed by age 60.

For Salaried (Pensionable) and Other Applicants: Loan repayment must be completed by age 70.

Frequently Asked Questions

What is the EMI for a ₹40 lakh Home Loan for 20 years in Punjab & Sind Bank?

The EMI for a ₹40 lakh Loan in Punjab & Sind Bank for 20 years will be ₹38,204.

Who is eligible for a ₹40 lakh Home Loan in Punjab & Sind Bank?

Eligibility for a ₹40 lakh home loan at Punjab & Sind Bank includes salaried individuals, self-employed professionals, and members of housing societies, with applicants needing to meet age and income criteria.

What is the monthly interest rate of a ₹40 lakh home loan in Punjab & Sind Bank?

The interest rate for a ₹40 lakh home loan in Punjab & Sind Bank ranges from 9.85% to 10.62%.