Punjab & Sind Bank Home Loan for Bank Employees

Punjab & Sind Bank offers an exclusive home loan option for bank employees. This scheme is recognised as an honour to bank employees across India, ensuring their homeownership dreams are equally prioritised. Eligible applicants can benefit from reduced interest rates, substantial loan amounts, extended repayment periods, and simplified eligibility criteria. The digital application further ensures that the borrowers can apply and secure the necessary funds online, eliminating the need to visit bank branches and submit physical documents. Continue to scroll down to gain more insight into the Punjab & Sind Bank home loan for bank employees. Hereunder, we detail a Punjab & Sind Bank home loan for bank employees’ interest rates, associated fees, eligibility criteria, documentation, and more. Let’s dive in. 

Punjab & Sind Bank Home Loan for Bank Employees – Highlights 

Here are the key parameters of a Punjab & Sind Bank home loan for bank employees: 

Punjab & Sind Bank Home Loan for Bank Employees – Fees and Charges 

Besides the Punjab & Sind Bank home loan for bank employees’ interest rate, you must be aware of certain additional fees, such as: 

Punjab & Sind Bank Home Loan for Bank Employees – Documents Required 

Here are the required documents regarding a Punjab & Sind Bank home loan for bank employees:

• Proof of Identity: PAN card, Aadhaar card, Passport, or Driving License.
• Proof of Residence: Utility bills, Aadhaar card, Passport, or Driving License as address proof.
• Proof of Income: Recent salary slips, Form 16, IT returns, and other relevant financial statements.
• Additional Documents: A duly filled and signed home loan application form and 2 passport-sized photographs. 

Punjab & Sind Bank Home Loan for Bank Employees – Eligibility Criteria 

The Punjab & Sind Bank home loan for bank employees’ eligibility criteria is as follows: 

• Age Limit: You must be somewhere between 18 and 60 years old.
• Employment Status: You must be employed and receive a monthly salary from any bank in India.
• Salary Criteria: You must have a regular source of income to cover the loan EMI. 
• Credit Score: You must have a good credit score, preferably 700 or above.
• Residency Requirement: You must be a permanent resident of India.