Punjab & Sind Bank Home Construction Loan

Punjab & Sind Bank offers construction loans under the Apna Ghar scheme. This special scheme is designed for multiple housing financing purposes, such as building or purchasing houses, purchasing a plot and building, extending, making repairs, or renovating. With a flexible repayment tenure and competitive rate of interest, Punjab & Sind Bank construction loans are a viable option for those looking to construct their own home.

Highlights of the Punjab & Sind Bank Home Construction Loan

Below are the highlights of the Punjab & Sind Bank construction loan:

Punjab & Sind Bank Construction Loan Interest Rates

Below is the rate of interest of the Punjab & Sind Bank Construction Loan:

Punjab & Sind Bank Construction Loan – Fees and Charges

Given below are the fees and charges for the Punjab & Sind Bank Construction Loan:

Punjab & Sind Bank Construction Loan Eligibility Criteria for Salaried

The eligibility criteria for a salaried person to avail of the Punjab & Sind Bank Construction Loan are given below:

Punjab & Sind Bank Construction Loan Eligibility Criteria for Self-employed

The eligibility criteria for self-employed applicants for the Punjab & Sind Bank Construction Loan are below:

Punjab & Sind Bank Construction Loan Documents Required

Below are the documents required to apply for a Punjab & Sind Bank Construction Loan:

• Application form duly complete and signed.
• Two passport-size photographs
• Age proof
• Address & Identity proof
• Income Proof 
• Bank Account Statement for the last 6/12 months. (in case of Other Bank)
• Loan account statement for the last six months (if availed from any other Bank/FII)
• Bio-data covering educational qualifications, age, job experience, and nature of profession with necessary proof.

Features of Punjab & Sind Bank Construction Loans

Here are some notable features of Punjab & Sind Bank Construction Loans:

• Punjab & Sind Bank’s construction loan, offered under the Apna Ghar scheme, caters to various housing needs, including building or purchasing houses, purchasing plots with construction, and extending, repairing, and renovating homes.
• There is no maximum limit on the loan amount for building or purchasing houses. For repairs and renovations, the maximum loan amount is Rs. 20.00 lakh, providing flexibility to borrowers based on their specific requirements.
• With interest rates ranging from 8.55% to 10.00% per annum, Punjab & Sind Bank offers competitive rates to ensure affordability for borrowers throughout their loan tenure.
• Borrowers can enjoy a repayment tenure of up to 30 years, which allows for convenient repayment options and eases the financial burden over an extended period.
• Punjab & Sind Bank charges processing fees based on the loan amount, ranging from 0.15% to 0.25% of the loan amount, ensuring transparency and affordability in loan processing.