Punjab National Bank Home Loans give you flexibility in repayment options. The maximum time period under which the loan amount must be repaid is streched upto 25 years or before the borrower attains 65 years of age. Further, the repayment is done through equated monthly installments for the entire duration of the loan.
Other features of PNB home loans include attractive rate of interest, simplified procedure and a nominal processing fee. When the loan is granted by the bank, the borrowers have to pay documentation charges of Rs 1,350 plus service tax & education cess. Apart from this, an upfront fee of 0.90 percent of the loan amount plus service tax & eduacation cess is required to be paid. |