45 Lakh Punjab & Sind Bank Home Loan

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Explore the 45 lakh Punjab & Sind Bank home loan that can be used to avail of instant funds to purchase your dream home or for renovation. With interest rates starting at 8.55% annually, the EMIs are budget-friendly and do not strain the pocket. A higher CIBIL score will enhance the chances of acquiring a home loan at the minimum interest rate. With repayment tenure as long as 30 years, the applicants can easily manage their expenses and live in their dream homes without any financial headaches. Continue reading to explore further the 45 lakh Punjab & Sind bank home loan and its other important details.

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Table of Content

1. 45 Lakh Punjab & Sind Bank Home Loan Highlights

2. 45 Lakh Punjab & Sind Bank Home Loan EMI For 5 Years

3. 45 Lakh Punjab & Sind Bank Home Loan EMI For 10 Years

4. 45 Lakh Punjab & Sind Bank Home Loan EMI For 15 Years

5. 45 Lakh Punjab & Sind Bank Home Loan EMI For 20 Years

6. 45 Lakh Punjab & Sind Bank Home Loan EMI For 25 Years

7. 45 Lakh Punjab & Sind Bank Home Loan Fees & Charges

8. Documents Required For 45 Lakh Punjab & Sind Bank Home Loan

9. 45 Lakh Punjab & Sind Bank Home Loan Eligibility Criteria

Written By

Satyam Sachdeva

Satyam has always been interested in saving money and realising its worth. He created a Demat account when he turned 18 and has been a keen equity and mutual fund investor. Currently, a writer for Urban Money, he uses his skills to guide his readers in the right direction. Satyam strives to make financial complexities easy for everyone to understand with a pinch of creative salt.

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Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

45 Lakh Punjab & Sind Bank Home Loan – Highlights

The key highlights of the 45 lakh Punjab & Sind Bank home loan are mentioned in the table below:

Category	Details
Purpose	Purchase/Construction of dwelling unit or plot, Extension, Repair, Renovation
Eligibility	Individuals and members of housing societies
Age	Minimum: 18 years; Maximum: as per repayment period
Quantum of Finance	No maximum limit for house/plot purchase; Max Rs. 20 lac for repairs/renovations
Margin	10-40% of the value varies by loan type
Rate of Interest	Starting at 8.55% per annum
Security	Equitable/registered mortgage of the property; clear and marketable title
Mode & Period of loan	Term loan up to 30 years
Take Home Salary/Income	40% (up to Rs. 10 lacs p.a.), 30% (Rs. 10-25 lacs p.a.), 20% (above Rs. 25 lacs p.a.)

45 Lakh Punjab & Sind Bank Home Loan EMI For 5 Years

The EMI over a period of 5 years on a 45 lakh Punjab & Sind Bank home loan at an interest rate of 10% per annum is mentioned in the table below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 45 lakhs	10%	5 years	₹95,612	₹12,36,702	₹57,36,702

45 Lakh Punjab & Sind Bank Home Loan EMI For 10 Years

The applicable EMI on a 45 lakh Punjab & Sind Bank home loan over a 10-year tenure is given below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 45 lakhs	10%	10 years	₹59,468	₹26,36,140	₹71,36,140

45 Lakh Punjab & Sind Bank Home Loan EMI For 15 Years

The 45 lakh Punjab & Sind Bank home loan will attract the following EMI over a 15-year tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 45 lakhs	10%	15 years	₹48,357	₹42,04,301	₹87,04,301

45 Lakh Punjab & Sind Bank Home Loan EMI For 20 Years

Over a 20-year period, the applicable EMI on the 45 lakh Punjab & Sind Bank home loan will be:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 45 lakhs	10%	20 years	₹43,426	₹59,22,234	₹1,04,22,234

45 Lakh Punjab & Sind Bank Home Loan EMI For 25 Years

Below is the EMI for a 45 lakh Punjab & Sind Bank home loan with a 25-year tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 45 lakhs	10%	25 years	₹40,892	₹77,67,460	₹1,22,67,460

45 Lakh Punjab & Sind Bank Home Loan – Fees & Charges

The processing fees on a home loan of 45 lakh from Punjab & Sind Bank are structured based on different loan amounts. For loans up to Rs. 25 lakh, the fee is 0.15% of the loan amount, with a minimum charge of Rs. 1000 and a maximum of Rs. 3750. For loans between Rs. 25 lakh and Rs. 50 lakh, the fee increases to 0.25% of the loan amount, capped at Rs. 12500. For loans ranging from Rs. 50 lakh to just under Rs. 75 lakh, the fee remains at 0.25% of the loan amount, with a maximum of Rs. 15000. For loans of Rs. 75 lakh and above, the processing fee is set at 0.25% of the loan amount with no cap.

Documents Required For 45 Lakh Punjab & Sind Bank Home Loan

These are the documents required if you wish to avail of a 45 lakh Punjab & Sind bank home loan:

Standard Documentation

Loan application form, identity proof (Aadhar Card, PAN Card, Passport, or Driving Licence), address proof (Electricity bill, Driving Licence, or Aadhar Card), and income proof (Form 16, IT returns, P&L statements, or salary slips).

Real Estate Documents

Valuation certificate, legal opinion, branch manager’s valuation report, and site visit report.

Renovation Loan Paperwork

NOC from the authority, approved plan, and architect’s construction/alteration estimate.

45 Lakh Punjab & Sind Bank Home Loan – Eligibility Criteria

To be eligible for the 45 lakh Punjab & Sind Bank home loan, the applicant must be at least 18 years old and can be an individual, group, or housing cooperative member.

Frequently Asked Questions (FAQs)

What is the EMI for a 45 lakh Punjab & Sind Bank home loan over a 20-year tenure?

If an applicant avails of a 45 lakh home loan at an interest rate of 10% per annum, the EMI to be paid over a period of 20 years will be ₹43,426.

Who is eligible for a 45 lakh Punjab & Sind Bank home loan?

The 45 lakh Punjab & Sind Bank home loan is available to anyone who is 18 years of age or older with a stable income.

What is the monthly interest rate on the 45 lakh Punjab & Sind Bank home loan?

A higher CIBIL score guarantees a minimum interest rate. Punjab & Sind Bank offers a minimum interest rate of 8.55%, approximately 0.71% per month.

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