50 Lakh Punjab & Sind Bank Home Loan

If you want to live in your dream home and need help financing your lifelong goal, Urban Money is here for you. We are bringing you the 50 Lakh Home Loan from Punjab & Sind Bank, available at the lowest interest rates (8.55% to 10%) and flexible repayment timelines. This comprehensive loan package will help you build, buy or construct your own house with a low processing fee and a quick application process. Urban Money assists you in securing this loan and understanding the eligibility criteria, required documents and necessary details. You won’t have to worry about anything, as Punjab & Sind Bank’s 50 Lakh Home Loan has excellent customer support so that you can become a proud house owner.

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Written By
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.

50 Lakh Home Loan Punjab & Sind Bank – Highlights

Here are some of the important details of the 50 Lakh Home Loan from Punjab & Sind Bank that you must know before applying for the loan, such as the tenure for repayment and prepayment charges:

Metric Information
Age Lowest- 18 years

Highest- No bar

Tenure of Loan For Plot: 15 years

For New Construction: 30 years

Interest 8.55% to 10% based on CIBIL score
Prepayment No Charges
Eligibility All people wanting to live in housing societies
Repayment Plans (Percentage of Salary to be taken home after repayment) Salary of 10 LPA: 40%

Salary between 10 LPA to 25 LPA: 30%

Salary over 25 LPA: 20%

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

This table shows the total amount payable for a 50 Lakh Home Loan EMI in the Punjab & Sind Bank and its interest. This EMI breakup will help you understand your monthly repayment obligations and the implications of such a huge loan on your finances.

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹50 Lakh 8.55% p.a. 5 years ₹ 1,02,703 ₹11,62,180 ₹61,62,180

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

Here are the official repayment details for a 50 Lakh Home Loan EMI from Punjab & Sind Bank if you want to pay off the loan in 10 years at an interest rate of 8.55%, divided into monthly instalments.

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹50 Lakh 8.55% p.a. 10 years ₹ 62,127 ₹24,55,240 ₹74,55,240

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

If you wish to pay off your Punjab & Sind Bank 50 Lakh Home Loan within 15 Years, here is the official EMI detail and total interest payable. This table will help you understand the cumulative amount you will pay over 15 years.

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹50 Lakh 8.55% p.a. 15 years ₹ 49,384 ₹38,89,120 ₹88,89,120

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

Here are the repayment details, including the EMI and total interest payable, for a 50 lakh home loan from Punjab & Sind Bank over 20 years at an interest rate of 8.55%. This table will help you plan your financial future over the loan repayment period.

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹50 Lakh 8.55% p.a. 20 years ₹ 43,550 ₹54,52,000 ₹1,04,52,000

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

If the home loan of 50 Lakh from the Punjab & Sind Bank has to be paid off in 25 years, this is the monthly EMI charge and total interest applicable. This will help borrowers in managing their financial obligations and calculate the total amount payable.

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹50 Lakh 8.55% p.a. 25 years INR 40,430 ₹71,29,000 ₹1,21,29,000

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

Punjab & Sind Bank charges certain fees for providing a 50 Lakh Home Loan, which is very affordable. Still, a borrower must know about this before making such a huge financial obligation.

  • Processing Fee: 15% of the loan amount (Minimum- INR 1000 and Maximum INR 3750)
  • Stamp Duty & Other Statutory Charges: As set by the state government
  • Documentation Charges: Revenue expenses
  • Pre-payment Charges: No fee

50 Lakh Punjab & Sind Bank Home Loan – Documents Required

These are the necessary documents required for applying for a 50 Lakh Home Loan from the Punjab & Sind Bank: 

Personal Information For Loan Purposes
Two passport-sized photos

 

Approved map and permission for construction
Income proof- Last 3 months balance sheet/ salary slip Payment proof for residence purchase
Application Form Agreement from the engineer and architect
Documents for identity, Address and Age verification Allotment letter of the society
Liability and asset information  
IT returns for the past 2 years.  
Undertaking from the employer  

50 Lakh Punjab & Sind Bank Home Loan – Eligibility Criteria

Any borrower that is applying for the 50 Lakh Punjab & Sind Bank Home Loan, must be over the age of 18 and should own the property without any disputes. This loan is eligible for individuals/groups of individuals looking for a home in a registered housing society.

Frequently Asked Questions

What is the EMI for a 50 Lakh Home Loan for 20 years in Punjab & Sind Bank?

The EMI of a 20-lakh Home Loan for 20 years in Punjab & Sind Bank is INR 43,550 at an 8.55% interest rate.

Who is eligible for a 50 Lakh Home Loan in Punjab & Sind Bank?

Anyone aged 18 and above who wishes to reside in a housing society is eligible for the 20 Lakh Home Loan in the Punjab & Sind Bank.

What is the monthly interest rate on a 50 Lakh home loan in Punjab & Sind Bank?

The monthly interest rate for a 50 Lakh home loan in Punjab & Sind Bank can vary between 8.55% and 10%, depending on the resident’s creditworthiness and the loan duration.

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