An ideal way to acquire a considerable amount of money, a loan against property (LAP) or home mortgage loan is offered by various public and private sector banks at flexible repayment schemes. Check Eligibility for PNB Loan, read full.
A secured type of loan, LAP is provided to an individual upon pledging an immovable residential or commercial as collateral.
One of the most reliable and secure financial institutions in the financial sphere, PNB Housing provides a home mortgage loan at affordable interest rates and long tenures to ease the borrower’s burden.
While financial institutions usually offer a loan amount up to 60% of the market price of the property, PNB also takes into account your age, income, and occupation to determine your loan eligibility.
Along with fast processing, the LAP loan by PNB Housing also comes with instant approval and a quick disbursal feature. An easy and convenient way to deal with the financial crisis, LAP funds can be used for any purpose such as financing higher education, paying medical bills, expanding business, etc.
However, one should be aware of the related eligibility factors to avail of a home mortgage loan without any hassle.
To obtain a home mortgage loan, the candidate must fulfill the below-mentioned eligibility criteria:
The pre-requisites for obtaining a LAP or home mortgage loan include:
Also, click here to know the important things to remember before taking Loan Against Property.
With the advent of digitalization, one can easily apply and obtain a loan can with just a few clicks.
However, along with the required eligibility conditions, you must know more about the interest rate, EMI affordability, and repayment structure associated with the loan beforehand to avoid any confusion at a later stage.
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