Owning a home is a dream of almost all of us. You want to own a home because you want to secure your family and give them a permanent place to live without any tension and worries. You invest all your savings and funds to buy your dream property. Borrow a home loan to suit your needs and to fit into your repayment budget. Don’t get tempted to borrow a loan beyond your repayment capacity, even if you are eligible for a home loan of a higher amount.
Punjab & Sind Bank home loan is at a very competitive rate of interest. It gives you a customized home loan to suit your requirements. The bank offers a loan to salaried and self-employed professionals who have a regular source of income. You can borrow a home loan as an individual, a group of individuals, or individual members of the housing society. You can also apply for a joint loan with a co-borrower.
Here are some important features of the Punjab & Sind Bank home loan.
Punjab & Sind Bank Home Loan Interest Rate Details 2025
These are some of the details related to home loans and the latest home loan interest rates -
| Particulars | Details |
|---|---|
Interest Rate | 8.30% p.a. - 9.85% p.a. |
Loan Amount | Up to Rs 25 lakhs |
Tenure | Up to 30 years |
Punjab & Sind Bank Home Loan Interest Rates Based on CIBIL Score
Here is the table of different schemes and their home loan interest rates based on CIBIL score offered by Punjab & Sind Bank -
- PSB Apna Ghar & Kisan Home Loan
| CIBIL Score | Effective % |
|---|---|
791 and above | 8.40 |
768-790 | 8.55 |
753-767 | 8.70 |
732-752 | 8.90 |
690-731 | 9.25 |
641-689 | 9.85 |
- PSB Apna Ghar Sahaj & Gaurav
| CIBIL Score | Effective % |
|---|---|
791 and above | 8.35 |
768-790 | 8.50 |
753-767 | 8.65 |
732-752 | 8.85 |
690-731 | 9.20 |
641-689 | 9.70 |
- PSB Apna Ghar Top-Up
An additional 0.50% over the applicable home loan ROI is to be added to the BSP.
How can you calculate EMI for Punjab & Sind Bank Home Loan
If you are interested in availing a home loan of Rs 30,00,000 from Punjab & Sind Bank for 30 years at the rate of 8.30% p.a.- 9.85% p.a., then you just need to enter three details on the Wishfin Punjab & Sind Bank Home Loan EMI Calculator -
- Loan Amount
- Loan Tenure
- Interest Rate
The table shows you the different EMIs according to the two different interest rates on the loan amount and tenure, mentioned above.
| Tenure | Interest Rate - 8.30% p.a. | Interest Rate - 9.85 % p.a. |
|---|---|---|
5 | Rs 61,260.82 | Rs 63,519.94 |
10 | Rs 36,875.58 | Rs 39,396.45 |
15 | Rs 29,191.54 | Rs 31,963.42 |
20 | Rs 25,656.20 | Rs 28,653.14 |
25 | Rs 23,753.83 | Rs 26,944.45 |
30 | Rs 22,643.54 | Rs 25,995.22 |
Punjab & Sind Bank Home Loan Eligibility
Here is the eligibility criterion for Punjab & Sind Bank Home Loan for their different home loan schemes -
Common Eligibility Criteria
- Age Limit: Minimum 18/21 years, maximum as per scheme guidelines.
- Net Take-Home Salary (After deductions & EMI):
- Income up to Rs 5 lakh: 40% (Min. take-home Rs 2 lakh)
- Rs 5- 10 lakh: 30%
- Above Rs 10 lakh: 20%
- Repayment Record: Varies by scheme and applicant type.
Scheme-Specific Eligibility Criteria
| Scheme | Eligibility |
|---|---|
PSB Apna Ghar – Sahaj | Permanent employees of the State/Central Govt., PSUs, or reputed educational institutes. Age Criteria: Without pension: 21-60 years With pension/NPS: 21-70 years |
PSB Apna Ghar | Individuals, groups, or housing society members. Age Criteria: Min. 18 years, max as per repayment period. |
PSB Apna Ghar Top-Up | Property must be complete & owned. |
Repayment Record | Govt/PSU with PSB salary account: 6 months Govt/PSU without PSB salary account: 12 months Others: 24 months |
PSB Apna Ghar Gaurav | Age Criteria: Defence personnel & pensioners without PSB accounts: 21-60 years With Gaurav Bachat Salary/Pension Accounts: 21-70 years |
PSB Kisan Home Loan | Age: 21-60 years Net Income: Min. 40% of gross income after deductions (income of spouse, son, daughter-in-law considered). |
Home Loan Plus | Eligible for home loans sanctioned at least 3 months before the switchover. Account must be standard & regular at approval. Min. Loan Amount: Rs 20 lakh CIBIL Score: 690+ |
Documentation Required for Punjab & Sind Bank Home Loan
- Proof of advance/margin payments for residential unit purchase.
- Approved map/plan for proposed construction or purchase.
- Construction permission from the competent authority.
- Sale agreement/sale deed or cost estimate from an architect/engineer.
- Allotment letter from a co-operative society, apartment owners' association, or development authority.
Additional Documents Required Based on the Property Type:
- From Builder (Ready/Under Construction)
- Registered Co-operative Housing Society
- Resale Property Purchase
- Direct Sale by Development Authority
- House Construction on a Separate Plot
Fees/Charges of Punjab & Sind Bank Home Loan
- PSB Apna Ghar
Processing Fee |
|
Pre-payment charges | Nil |
Documentation charges | Only actual stamp duty or revenue expenses apply. |
- PSB Apna Ghar Top-up
Processing Fee | 0.15% of the loan amount (Rs 1,000-Rs 3,750) single time. |
Documentation Charges | As per actuals |
Prepayment Charges | NIL
|
- Home Loan Plus: One-time switchover charge of 0.25% + GST on the total loan amount (outstanding + undisbursed).
- PSB Apna Ghar – Sahaj & Gaurav
| Particulars | Charges |
|---|---|
Processing Fee | Waived Off |
Inspection Charges | NIL |
Prepayment Charges | NIL |
Documentation (Gaurav) | Stamp/revenue charges by borrower |
Punjab & Sind Bank Home Loan – Key Features
- A loan is available for purchasing a flat/property.
- Financing for property acquisition, extension, or renovation.
- Funds can be used for repairs and upgrades.
Punjab & Sind Bank Home Loan Application Form
In order to avail the home loan from Punjab & Sind Bank, firstly you need to fill in the application form provided by the bank. Filling on an application form is the first step in getting a home loan from any lender. The best thing is that you can either fill in this form online or visit your nearest branch for the same. Through these two ways, you can easily apply for a home loan in Punjab & Sind Bank.
Conclusion
Punjab & Sind Bank Home Loan offers a comprehensive financing solution for purchasing, constructing, extending, or renovating residential properties. With flexible eligibility criteria, competitive Punjab & Sind Bank Home Loan interest rates that are competitive, and minimal processing charges, the bank ensures a hassle-free borrowing experience. Whether you are a salaried employee, self-employed individual, or a member of a housing society, the loan is designed to cater to diverse needs. With transparent documentation requirements and customer-friendly policies, Punjab & Sind Bank makes homeownership more accessible and affordable.
FREQUENTLY ASKED QUESTIONS
1. What is the minimum credit score required to avail a home loan from Punjab & Sind Bank?
The bank has not specified a minimum credit score. However, applicants with higher credit scores may receive more favorable interest rates.
2. What is the maximum loan tenure offered by Punjab & Sind Bank?
The bank offers home loans with tenures of up to 30 years.
3. Can I avail of a Punjab & Sind Bank Home Loan for renovating my existing house?
Yes, the bank provides loans for the repair, renovation, or upgradation of existing houses.
4. What is the age eligibility for Punjab & Sind Bank Home Loan applicants?
Applicants must be at least 18/21 years old. The maximum age limit is 70 years, depending on the applicant’s profile.
5. What is the latest Punjab & Sind Bank Home Loan interest rate?
Punjab & Sind Bank Home Loan interest rate starts from 8.30% p.a. Up to 9.85% p.a.
6. Does Punjab & Sind Bank offer interest rate concessions to women applicants?
Currently, there are no specific interest rate concessions for women applicants.
