PNB Max-Saver – Housing Finance Scheme for Public

Eligibility

• I. Prospective borrower - As per our existing housing loan scheme.
• II. Existing borrower - Where complete disbursement has been made.

The existing Housing Loan borrower desirous of availing loan under the variant be allowed the benefit provided their Housing Loan account is running regular, no outstanding inspection irregularity, complete disbursement has been made & repayment has started in the account.

Note: Borrowers which are falling under Commercial Real Estate (CRE) will not be eligible under the said scheme.

Purpose

For all purposes as per details described under Housing Finance scheme except for purchase of land/ plot only.

Nature of facility

Overdraft with monthly reducing Drawing Power.

Extent Of Loan

• Minimum – Rs. 10.00 lac
• Maximum – Need based as per “Housing Finance Scheme for Public”.
• In respect of existing Housing Loan borrowers, present outstanding of the loan amount will be taken into consideration for conversion of loan under this variant.

Margin

As per Housing Finance Scheme for Public, for more information.

Repayment

As per the existing housing finance scheme to Public

Drawing Power on the overdraft will be reduced on monthly basis to the extent of the principal component of the EMI so that the overdraft is liquidated at the end of the loan tenure. Interest will be recovered as and when levied.

Rate Of Interest

“Bank Will Charge Interest On All Advances, Unless Otherwise Specified On The Basis Of 365 Days Per Year”.

Processing Fee & Documentation Charges

Service Charges Related To Retail Advances