PNB Hous­ing Fi­nance of­fers fixed rate home loan for 10 years

Accommodation Times - - Front Page -

Pun­jab Na­tional Bank Hous­ing Fi­nance has come one up with a new scheme 'Pure Fixed Rate' on the nu­mer­ous play­ers with the mar­ket with a home loan prod­uct that of­fers a fixed in­ter­est rate for up to 10 years. The of­fer is avail­able on both home loans as well as loan against prop­erty. With the new scheme, one can en­joy con­sis­tent EMIs for three, five and 10 years. PNB Hous­ing Fi­nance is a do­mes­tic mort­gage lend­ing unit of state-run Pun­jab Na­tional Bank and of­fers high stan­dards of ethics, in­tegrity and trans­parency. The of­fers is for salaried and self-em­ployed loan ap­pli­cants both, the home fi­nancier is of­fer­ing 10.50 per cent to 11.25 per cent for three years, 10.60 per cent to 11.25 per cent for five years and 10.75 per cent to 11.25 per cent for 10 years for loans up to Rs 75 lakh. For loans be­yond Rs 75 lakh, the in­ter­est rates over the same du­ra­tions would be 10.75 per cent to 11.50 per cent, 10.85 per cent to 11.50 per cent and 11.00 per cent to 11.50 per cent, re­spec­tively. For selfem­ployed non-pro­fes­sion­als, the in­ter­est rates of­fered are 10.75 per cent to 11.25 per cent for three years, 10.85 per cent to 11.25 per cent for five years, and 11.00 per cent to 11.25 per cent for 10 years for loans up to Rs 75 lakhs. For loans be­yond Rs 75 lakh, the rate of in­ter­est would be 11 per cent to 11.50 per cent, 11.10 per cent to 11.50 per cent and 11.25 per cent to 11.50 per cent, re­spec­tively. The scheme is valid till Septem­ber 30, which means the fixed rate of in­ter­est will be ap­pli­ca­ble for cus­tomers, whose loan gets sanc­tioned on or be­fore this date.

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