Punjab National Bank

NRE Home Loan


With over two decades of specialised experience in housing finance, PNBHFL offers a wide range of home loan products to NRIs (Non Resident Indians) and PIOs (Person of Indian Origin) for purchase, construction, repair and renovation of a residential property in India. Ease of applying for a loan with branches spread across India, robust service delivery model and mark to market credit & financial policies help customers build a long term relationship of trust and commitment.

Advantages of taking NRI Home Loan from PNBHFL
Pan India branch network
Robust service delivery model - door step services ensuring easy and fast approval & disbursal of loans
Excellent post disbursement services
Facility of enhancement in loan amount in the event of escalations in cost
Dedicated team of well-experienced employees who work on best-in-class information systems & network to deliver and provide customer satisfaction
High standards of ethics, integrity and transparency
Various repayment options
Minimum contribution required from a customer will be 20% of the total cost of the property (inclusive of stamp duty and registration charges in case of purchase of property).
Loan Amount Maximum Funding*
Upto Rs 75 lacs 80% of market value
Above Rs 75 lacs 75% of market value
* Subject to market value of the property and repayment capacity of the individual, as assessed by PNBHFL
Loan eligibility shall be determined by PNBHFL taking into account income, age, qualification and occupation etc.
Income of borrower(s)/ co-borrower(s) may be clubbed together for calculation of loan eligibil

Eligibility
You should be an Indian citizen or a Person of Indian Origin (PIO) holding an Indian passport with status of NRI on deputation/ employment/ assignment.
You should be working for atleast one year in a foreign country before seeking a house loan. The condition of minimum service over one year shall not apply to people going abroad on deputation.
Your age should not be more than 60 years at the time of loan maturit
Disbursement-
Disbursement will be made after the property has been technically appraised and all legal documentation has been completed.
For purchase of house/ flat from an individual on resale, the loan amount will be paid in lump-sum to the seller at the time of transfer after confirming that the customer has paid his own contribution.
For houses/ flats under construction, the loan amount will be disbursed in stages based on the progress of construction.
A customer has to invest his proportionate share of the cost, prior to disbursement of loan.The loan can be disbursed either in lump sum or installments according to the requirement of the development authority/ society/ private builder.

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CONTACT
9594111161 / 9967111161
ONLINE CONTACT
perfectsolution.helpdesk@gmail.com
ADDRESS
504, 5th Floor Suchita Business Park,
Raigad Chowk, Station Road, Ghatkopar (E), Mumbai 400 077
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