Punjab Gramin Bank PLot Loan

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Andhra Punjab Gramin Bank Plot Loan Features

The Interest Rate 8.50% p.a
Time Period Up to 10 – 15 years
Loan to Value Up to 80%
Processing Fees Up to 1% of the loan amount

Eligibility criteria for Punjab Gramin Bank

  • Age: The age of the applicant should be 21 to 65 years.
  • Income: Should have a good income.
  • Credit Score: The credit score has to be 650 and above.

Benefits of Punjab Gramin Bank

  •  Punjab Gramin Bank offers a wide range of home loan strategies tailored to different customer needs.
  • Interest rates are very competitive and expensive.Punjab Gramin Bank Mudra Loan
  • Small documents.
  • Provides Payment Options and Conditions to Borrowers.
  • Easy and quick approval and home loan disbursement.
  • 24/7 customer care Andhra Pragathi Grameena Bank provides timely customer service.

Plot Loan

Punjab Gramin Bank plot loan is given to the salaried and self-employed people of Indian nationality, Punjab Gramin Bank plot loan is used for purchasing land or a plot in our country.

1. Tenure

The tenure for the Punjab Gramin Bank plot loan is of 10 – 15 years.

2. Prepayment Fine

No prepayment fee is taken by Punjab Gramin Bank for the single applicants.

3. Loan to Value Ratio‭ (‬LTV‭)‬

The LTV for Punjab Gramin Bank is 80%.

4. Tax Benefits

Punjab Gramin Bank has no tax benefits.

Types of Punjab Gramin Bank Plot Loan

Punjab Gramin Bank Plot loan

It is provided by Punjab Gramin Bank for purchasing land as per the applicant’s choice.

Punjab Gramin Bank Plot with Construction Loan

Punjab Gramin Bank Plot with Construction Loan is similar to the earlier mentioned plot loan by Punjab Gramin Bank but the applicant is also required to start construction on the land after the purchase.

Punjab Gramin Bank plot loans for self-employed

Type of plot loans self-employed

TruFixed plot Loan – 2 Year Fixed Rate Vary
In TruFixed plot Loan by Punjab Gramin Bank, 2 years at the beginning of the term is always is fixed-rate and later is turned into variable-rate.

Adjustable-rate loan
In this loan by Punjab Gramin Bank, EMI as well as the principal amount both change after 6 months.

Punjab Gramin Bank Interest Rates For self-employed Non – Professionals

Punjab Gramin Bank   Adjustable Home Plot Loan

Loan Plot Loan Interest Rate (%)
women (up to 30 lakh) 7.05 to 7.55
others (up to 30 lakh) 7.10 to 7.60
women (above 30 lakh) 7.30 to 7.80
others (above 30 lakh) 7.35 to 7.85
Women (75.01 Lakhs & Above) 7.40 to 7.90
Others (75.01 Lakhs & Above) 7.45 to 7.95

Punjab Gramin Bank   TruFixed Loan – 2 Year Fixed Rate Variant

Loan Plot Loan Interest Rate (%)
Women (upto 30 Lakhs) 7.50 to 8.00
Others (upto 30 Lakhs) 7.55 to 8.05
Women (Above 30 Lakhs) 7.65 to 8.15
Others (Above 30 Lakhs) 7.70 to 8.20
Women (75.01 Lakhs & Above) 7.75 to 8.25
Others (75.01 Lakhs & Above) 7.80 to 8.30

Punjab Gramin Bank Interest Rates For self-employed professionals

Punjab Gramin Bank Adjustable Rate Plot Loan

Loan Plot Loan Interest Rates (%)
Women (upto 30 Lakhs) 7.20 to 7.70
Others (upto 30 Lakhs) 7.25 to 7.75
Women (Above 30 Lakhs) 7.45 to 7.95
Others (Above 30 Lakhs) 7.50 to 8.00
Women ( 75.01 Lakhs & Above) 7.55 to 8.05

Punjab Gramin Bank   TruFixed Loan – 2 Year Fixed Rate Variant

Loan Plot Loan Interest Rates (%)
For Women (up to 30 Lakhs) 7.65 to 8.15
For Others (up to 30 Lakhs) 7.70 to 8.20
For Women (Above 30 Lakhs) 7.80 to 8.30
For Others (Above 30 Lakhs) 7.85 to 8.35
For Women ( 75.01 Lakhs & Above) 7.90 to 8.40
For Others ( 75.01 Lakhs & Above) 7.95 to 8.45

Punjab Gramin Bank documents required for both self-employed Professionals and Non-Professionals

Requirements For Self Employed Individuals
Proof of Identity PAN Card, Passport
Proof of address Aadhar Card, Electricity/ Mobile Bill
Financial proof – ITR
– Business details, P/L statement from the business.
Other Documents – All the plot documents

Punjab Gramin Bank fees and charges for self-employed

Processing fee

Up to 1%.

Prepayment charges

Adjustable-Rate Home Loans – No prepayment needed

– The customer will be required to submit documents that Punjab Gramin Bank deems appropriate and appropriate to verify the source of the loan at the time of the payment.

Fixed-Rate Home Loans – No advance payment is required for any partial/full payment made by your sources i.e, other banks or financial institutions
– The customer must submit documents that Punjab Gramin  Bank deems appropriate and appropriate to determine the source of funding.
Fixed and Variable Rate Loans During the period of Fixed-Rate:
– The client must submit documents approved by Punjab Gramin Bank to verify the source of the money during the repayment of the loan in advance.During the Variable Rate:
– No prepayment will apply.
– The prepaid amount shown will apply on the date of the loan agreement.

The Conversion Fees

Name of the Service Name of the charge/fee levied When payable Frequency Amount
Switch to a lower rate in Variable Rate Loans Conversion fees On conversion On every spread change A cap of up to 50% of the original outstanding and the stipulated amount at the time of conversion or whichever is lower is Rs. 50,000,000 tax.
Switching to Variable Rate Loan from Fixed Rate Loan Conversion fees On conversion Once A cap of up to 50% of the original outstanding and the stipulated amount at the time of conversion or whichever is lower is Rs. 50,000,000 tax.
Switching from Trufixed Fixed Rate to Variable Rate Loan Conversion fees On conversion Once 1.75% original arrears and tax in excess of the undisputed amount at the time of conversion.
Switch to Lower Rate Conversion fees On conversion On every spread change Half of the spread difference on principal dues and unspecified amount plus taxes with a minimum fee of 0.5% and a maximum fee of 1.550%.
Switch to Lower Rate Conversion fees On conversion On every spread change 0.5% of tax in excess of the original outstanding and undisputed amount at the time of conversion.

Cheque dishonor charges

Approximately Rs 200.

Fees on Account of External opinion

Depending on the type of support provided, advocates and charges may be paid directly to the person concerned

Property insurance

The customer should remain active throughout loan term during by paying the premium.

Statutory/regulatory charges

Stamp duty, mod or moe to be paid by borrower respectively.

List of documents

Approximately Rs.500

Photocopy of documents

Approximately Rs.500

Increase/decrease in the loan term

Approximately Rs.500

Disbursement Cheque cancellation charge post disbursement

Approximately Rs.200

Re-appraisal of loan

Approximately Rs.2000

PDC swap

Approximately Rs.200

Punjab Gramin Bank for salaried individuals

Who can apply to Punjab Gramin Bank for salaried individuals?

Loan Maximum Amount(in %)
Up to Rs.30 lakh up to 80%
Rs.30.01 lakh to Rs.75 lakh up to 80%
Over Rs.75 lakh up to 75%

Type of plot loans for salaried individuals

TruFixed plot Loan – 2 Year Fixed Rate Vary
In TruFixed plot Loan by Punjab Gramin Bank, 2 years at the beginning of the term is always is fixed-rate and later is turned into variable-rate.

Adjustable-rate loan
In this loan by Punjab Gramin Bank, EMI as well as the principal amount both change after 6 months.

Punjab Gramin Bank interest rates for salaried individuals

Adjustable Home Rate Loan

Loan Loan Interest Rates (in %)
Women (Upto 30 Lakhs) 7.05 to 7.55
Others (Upto 30 Lakhs) 7.10 to 7.60
Women (Above 30 Lakhs) 7.30 to 7.80
Others (Above 30 Lakhs) 7.35 to 7.85
Women (75.01 Lakhs & Above) 7.40 to 7.90
Others (75.01 Lakhs & Above) 7.45 to 7.95

TruFixed Loan – 2 Year Fixed Rate Variant

Loan Loan Interest Rates (%)
For Women (upto 30 Lakhs) 7.50 to 8
For Others (upto 30 Lakhs) 7.55 to 8.05
For Women (Above 30 Lakhs) 7.65 to 8.15
For Others (Above 30 Lakhs) 7.70 to 8.20
For Women (75.01 Lakhs & Above) 7.75 to 8.25
For Others (75.01 Lakhs & Above) 7.80 to 8.30

Punjab Gramin Bank documents required for salaried individuals

Requirements For Salaried Individuals
Proof of Identity PAN Card, Passport
Proof of address Aadhar Card, Electricity/ Mobile Bill
Financial proof – Must have last 6-month salary slips
– Credit score
Other Documents – All the plot documents

Punjab Gramin Bank fees and charges for salaried individuals

Processing fees

Up to 1%.

Prepayment charges

Adjustable-Rate Home Loans – No prepayment needed

– The customer will be required to submit documents that  Bank deems appropriate and appropriate to verify the source of the loan at the time of the payment.

Fixed-Rate Home Loans – No advance payment is required for any partial/full payment made by your sources i.e, other banks or financial institutions
– The customer must submit documents that Punjab Gramin Bank deems appropriate and appropriate to determine the source of funding.
Fixed and Variable Rate Loans During the period of Fixed-Rate:
– The client must submit documents approved by Punjab Gramin Bank to verify the source of the money during the repayment of the loan in advance.During the Variable Rate:
– No prepayment will apply.
– The prepaid amount shown will apply on the date of the loan agreement.

Conversion fees

Name of the Service The charge levied When payable Frequency Amount (in Rs.)
Switch to lower rate in Variable Rate Loans Conversion fees On conversion On every spread change A cap of up to 50% of the original outstanding and the stipulated amount
Switching to Variable Rate Loan from Fixed Rate Loan Conversion fees On conversion Once A cap of up to 50% of the original outstanding and the stipulated amount
Switching from Trufixed Rate to Variable Rate Loan Conversion fees On conversion Once 1.75% original arrears and tax
Switching to Lower Rate Conversion fees On conversion On every spread change A min. fee of 0.5% and a max. fee of 1.550%.
Switching to Lower Rate Conversion fees On conversion On every spread change 0.5% of taxes

Cheque dishonor charges

Approximately Rs 200.

Fees on Account of External opinion

Depending on the type of support provided, advocates and charges may be paid directly to the person concerned

Property insurance

The customer should remain active throughout loan term during by paying the premium.

Statutory/regulatory charges

Stamp duty, mod or moe to be paid by borrower respectively.

List of documents

Approximately Rs.500

Photocopy of documents

Approximately Rs.500

Increase/decrease in loan term

Approximately Rs.500

Disbursement Cheque cancellation charge post disbursement

Approximately Rs.200

Re-appraisal of loan

Approximately be Rs.2000

PDC swap

Approximately be Rs.200

How to apply for Punjab Gramin Bank  Plot Loan With DialAbank

  • For Punjab Gramin Bank, Dialabank allows an easy application process.
  • You can do this quickly by going to the Dialabank website and proceed accordingly i.e. fill the form on the website and click submit.
  • For further details, you can even call – 9878981144.

Additional tips to get Punjab Gramin Bank  Plot Loan Easily

  • Always try to have a good history of loans and credits.
  • Always provide relevant and genuine documents.
  • Cooperate with the experts trying to help you.

Punjab Gramin Bank   Plot loan with Construction vs Home Loan

Parameters Plot Loan with Construction Regular Home Loan
Tenure ‬Up to 10-15‭ ‬years Up to 30 years
Prepayment fine Free Free
Loan to Value (LTV) up to 80% up to ‬90%‭
Plot with Construction Loan interest rates The rates are similar to a home loan but can go higher. Start at 6.80%*
Tax Benefits Eligible after the construction of a building or home on the plot Home loan owners are eligible.

FAQ’s

What is the Plot loan interest rate in the Punjab Gramin Bank?

The Punjab Gramin Bank starts at 8.50%.

 What is a Punjab Gramin Bank?

Punjab Gramin Bank plot loan is given to the salaried and self-employed people of Indian nationality, Punjab Gramin Bank plot loan is used for purchasing land or a plot in our country.

 How much processing fee is applicable to the Punjab Gramin Bank?

Punjab Gramin Bank charges up to 1%.

 What is the loan tenure of the Punjab Gramin Bank?

The Punjab Gramin Bank tenure be up to 10 – 15 years.

 How much EMI per Lakh can be fixed on Punjab Gramin Bank?

The Punjab Gramin Bank EMI per Lakh is ₹ 744.

 How can I avail plot loan from Punjab Gramin Bank?

You can avail of Punjab Gramin Bank after passing the eligibility criteria of the Punjab Gramin Bank.

 How to Apply for a Punjab Gramin Bank?

Please visit the website of Punjab Gramin Bank to understand the application process or you can just call Dialabank at 9878981166.

 How to repay the Punjab Gramin Bank earlier than the schedule?

Visit the Punjab Gramin Bank website and check if you are eligible for the earlier payment.

 Is it possible to repay my loan earlier than the schedule?

Yes, definitely possible with the Punjab Gramin  Bank.

 How to check Punjab Gramin Bank + Plot Loan eligibility?

Please check the eligibility requirements mentioned on the Dialabank website or the website of the Punjab Gramin Bank.

 What is the Punjab Gramin Bank phone number?

For a Punjab Gramin Bank, you only have to call – 9878981166.

 What is the Punjab Gramin Bank interest rate for women?

For women, the Punjab Gramin Bank interest rate 7.05% – 7.20%.

 What is the Punjab Gramin Bank interest rates for salaried individuals?

Punjab Gramin Bank interest rate – 7.10% – 7.20%.

 What is the Punjab Gramin Bank interest rates for self-employed individuals?

Punjab Gramin Bank interest rate  – 7.10% – 7.20%.

 What are Punjab Gramin Bank’s interest rates for self-employed non-professionals?

Punjab Gramin Bank interest rate for Self-Employed Non-Professionals – 7.10% – 7.20%.

 How is a plot loan different from a home loan?

Few differences:

  • Tax benefits for Punjab Gramin Bank Home loan owners but no tax benefits for Punjab Gramin Bank.
  • Usually, the LTV in Punjab Gramin Bank plot loan is less i.e. up to 70% and Punjab Gramin Bank home loans can be 90%.

 Can I take a plot loan along with a home loan?

No, multiple loans are not allowed for Punjab Gramin Bank.

 What is the maximum amount that I can take as a loan?

The maximum loan amount is determined by the Punjab Gramin Bank after checking your land documents.

 Can a plot loan finance investment in any plot, anywhere?

Yes, a Punjab Gramin Bank can be used to purchase land anywhere in India.

 What is a Balance Transfer on Plot Loan?

Balance Transfer for Punjab Gramin Bank helps you lower your EMIs by transferring your remaining loan to other financial institutions to one that offers a lower interest rate.

 Do I get any tax benefits on a plot loan?

Punjab Gramin Bank has no tax benefits.

 How many years can I keep the plot of land before starting construction?

For Punjab Gramin Bank with Construction please check with the Punjab Gramin Bank by calling Dialabank at 9878981166.

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