70 Lakh Punjab & Sind Bank Home Loan

Punjab & Sind Bank offers home loans at an attractive interest rate of 8.55% annually. The loan can be used to buy a house or home extension, repair, renovate, or purchase a plot for construction purposes. A higher CIBIL score will attract a lower interest rate, and individuals over 18 are eligible for this home loan. With a repayment period of up to 15 years and budget-friendly EMIs, Punjab & Sind Bank's 70 lakh home loan is an ideal solution to home loan requirements. Continue reading to understand the key highlights and features of the Punjab & Sind bank home loan.

Punjab & Sind Bank 70 Lakh Home Loan – Highlights

Read the table below to understand the Rs 70 lakh Punjab & Sind Bank key highlights:

Punjab & Sind Bank 70 Lakh Home Loan EMI For 5 Years

The EMI for a 70 lakh loan from Punjab & Sind Bank at 8.55% for a period of 5 years is as follows:

Punjab & Sind Bank 70 Lakh Home Loan EMI For 10 Years

The applicable EMI on the 70 lakh home loan from Punjab & Sind Bank over a tenure of 10 years will be:

Punjab & Sind Bank 70 Lakh Home Loan EMI For 15 Years

The EMI for a 70 lakh Punjab & Sind Bank home loan over a tenure of 15 years at an interest rate of 8.55% per annum is given in the table below:

Punjab & Sind Bank 70 Lakh Home Loan EMI For 20 Years

The EMI applicable on a 70 lakh home loan from Punjab & Sind Bank over a 20-year tenure is as follows:

Punjab & Sind Bank 70 Lakh Home Loan EMI For 25 Years

The table below shows the EMI for a 70 lakh home loan from Punjab & Sind Bank over a 25-year tenure at an annual interest rate of 8.55%:

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

The processing fees on a 70 lakh Punjab & Sind Bank home loan are as follows:

• Loans up to Rs. 25 lakh: 0.15% of the loan amount, with a minimum fee of Rs. 1000 and a maximum of Rs. 3750.
• Loans above Rs. 25 lakh and up to Rs. 50 lakh: 0.25% of the loan amount, capped at Rs. 12500.
• Loans above Rs. 50 lakh and less than Rs. 75 lakh: 0.25% of the loan amount, capped at Rs. 15000.
• Loans of Rs. 75 lakh and above: 0.25% of the loan amount.

70 Lakh Punjab & Sind Bank Home Loan – Documents Required

Make a checklist of the following documents that need to be present while availing of a 70 lakh Punjab & Sind Bank home loan:

General Documents

• Loan application form
• Identity proof documents such as an Aadhaar Card, PAN Card, Passport or Driving Licence
• Proof of address, such as an electricity bill, driving licence, or Aadhaar card is required.
• Income proof, like Form 16, IT returns, P&L statements or salary slips.

Property Documents

• A valuation certificate from an authorised valuer.
• Index inspection/legal opinion from the legal counsel.
• Valuation report prepared by the branch manager and the accountant.
• Site visit report.

Term Loan Documents in case of construction/alterations

• A No Objection Certificate from the respective authority for mortgage or equitable mortgage of the building or land in leasehold property cases.
• An approved plan.
• An estimate from the architect for the proposed construction or property alteration.

70 Lakh Punjab & Sind Bank Home Loan – Eligibility Criteria

The eligibility criteria for the 70 lakh Punjab & Sind Bank home loan are as follows: