Step by Step Guide on the Home Loan Application Process

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Home Loan

A home loan is the best way to purchase your own house that matches the dimensions you had always dreamt of. PNB Housing Finance Limited is the leading provider of a home loans at an unbelievably affordable interest rate. If you aspire to move away from rented apartments or stay in bigger rooms, availing of a home loan is advisable. Home loan for business people empowers them to expand their operation without spending a fortune.

Home Loan Application Process

The process to apply for a home loan from PNB Housing is simple. This step-by-step guide offers you complete help with the application process.

Online Process

  1. Navigate to the page https://www.pnbhousing.com/
  2. In the red ribboned menu on the landing page, click on the ‘Home Loan’ tab. You can get an overview of the different home loan types available.
  3. Across the ribbon, you will come across the ‘Request A New Loan’ tab at the end. Fill in the details asked for, i.e. ‘Name, Location, Mobile, Email” and a representative will get in touch with you.
  4. Alternatively, you can browse to the bottom of the page for respective menu items of ‘Home Loan’. Here, you will find the ‘Contact Us’ and ‘Instant Loan’ buttons. Fill in the details and loan amount requirement. A representative will contact you.

Offline Process

  1. You can apply for a housing loan through offline mode also. Navigate to the ‘https://www.pnbhousing.com/wp-content/uploads/2014/12/loan-application-form.pdf’ page and take a printout of the document. You can also obtain the application from any PNB Housing Finance branch. The ‘Branch Locator’ tab is available on the landing page.
  2. The form enlists the mandatory documents to be furnished by ‘Salaried,’ ‘Self-Employed’, ‘Professionals,’ and ‘Businessman’ to become eligible for a loan.
  3. There is also a FAQ section that answers all the questions seeking home loans. In addition, information on housing loan interest rates and subsidies under Pradhan Mantri Awaas Yojna are also available.
  4. Carefully fill in the details sought in the document under the headers ‘Personal Details’, ‘Employment Details,’ ‘Loan Details,’ ‘Financial Information,’ ‘GST Details,’ ‘Bank Account Details,’ ‘Details of Property (Offered as Security),’ ‘Reference,’ and ‘Preferred address for Communication.’
  5. Apart from the main applicant, a co-applicant can also apply for the loan.
  6. Fill in the collateral details properly as property valuation, and title check will be carried out by company representatives for determining legal status and market value for finalizing the loan value.
  7. Put in your signature (along with co-applicant’s) at the designated place on the document.
  8. After filling in the form completely, attach the hard copies of all compulsory documents and submit them to the nearest branch. You can also ask a PNB Housing representative to collect the form from your location.

Conclusion

PNB Finance Limited offers loans under various categories at attractive home loan interest rates. The loan application process is easy. You can visit the nearest branch and ask a representative to assist you in filling up the form if you are experiencing difficulties. Materialize your home-related ambitions with a home loan from PNB Housing Finance.