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Retail Lending Schemes of Pnb

In: Business and Management

Submitted By deepikanagpal
Words 14606
Pages 59
Punjab National Bank Zonal Training Centre Ludhiana

RETAIL LENDING SCHEMES
Updated up to 31.05.2013

INDEX
1. HOUSING LOAN 2. CAR LOAN 3. PNB SARTHI (Two Wheeler loan) 4. EDUCATION LOAN 5. MORTGAGE LOAN AGAINST IP 6. PERSONAL LOANS 7. LOAN FOR PENSIONERS 8. ADVANCE AGAINST GOLD JEWELLERY/ORNAMENT 9. PNB BAGHBAN SCHEME 10. FUTURE LEASE RENTALS 11. SCHEME FOR FINANCING PROFESSIONALLY QUALIFIED MEDICAL PRACTITIONERS 12. PNB GRAMIN CHIKITSAK 13. SCHEME FOR FINANCING TRADERS (MODIFIED SCHEME) 14. SUPER TRADE 15. ADVANCES AGAINST FUTURE CARD RECEIVABLES 16. GENERAL GUIDELINES OF RETAIL ADVANCES 17. PNB SCORE – Rating model for Retail Loans

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--------compiled by Kanwal Kumar, Senior Faculty, Zonal Training Centre, Ludhiana

HOUSING LOAN
Eligibility Purpose & Extent Individual & Joint Owners HUF is not considered as Joint owner. Purchase of Plot Rs.50 lac. However, RM & above may consider Loan up-to 100 lac in Metro and State Capital. Further, it be ensured that the loan amount for purchase of Land/Plot under any circumstance is not more than 60% of the eligible loan amount as per the repayment capacity. Construction of House Need based Purchase of Built House Need based Repair & Renovation Rs. 20 lac Cost of furnishing Max. 10% of the loan for repair up-to maximum of Rs. 2.00 lac Pari pasu Charge CH powers up to 20 lac to Govt. Employees Loan limit up to 30 lac Risk Weight is 50% Loan limit above 30 lac Risk Weight is 75% LTV Ratio more than 75% Risk Weight is 100% Loan limit above 75 lac Risk Weight is 125%

Capital Requirement


• Margin

LTV in respect of Housing loan should not exceed 80%. For small housing loans up-to 20 lac, LTV should not exceed 90%.

Housing Loan – Modified Application form

Rate of Interest

Land/Plot 40% Construction/repair/addition up 20% to Rs. 25 lac i.e. LTV should not exceed 80%) Construction/repair/addition 25%…...

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