Housing loan options from PNB
Punjab National Bank is offering several benefits for homebuyers who take a loan from the bank.
It has approved most housing projects of all reputed builders in Bengaluru. Hence, loan processing turnaround time is minimal.
There are zero legal and valuation charges in taking over a housing loan. Similarly, there are no processing/upfront fees and documentation charges under the festival bonanza.
The young salaried class is being offered 1.25 times the loan amount calculated as per the regular home loan eligibility.
There is the option of a fixed interest rate for women and borrowers under PNB Pride for Central and state government employees, personnel of the defence and paramilitary forces, besides pensioners of Central and State government and employees of PSUs. The bank is giving a rate of interest starting at 8.4%.
The PNB MAX saver scheme is aimed at borrowers, especially in the highincome group, who prefer to park their excess funds in loan accounts for interest benefits.
The bank is also giving composite loans for residential plots and the construction of a house thereon.
Punjab National Bank is also offering group insurance cover and a onetime credit life insurance cover premium to safeguard the borrower’s family from the burden of repaying the loan outstanding in case of any exigencies. he Indian housing market is in continuous boom mode. However, one thing that still tends to haunt many buyers’ minds is the lack of clarity when it comes to the prices of homes. While homes by good developers are selling at a fast clip, many buyers still feel that the prices are set arbitrarily. Let’s explore how real estate developers arrive at the prices for their properties. For this, we first need to understand a concept and process called ‘price discovery’.
TIt is the process by which the market determines the value of a particular product.
In India, the process of price discovery for residential real estate is complex, as it involves several factors.