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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

Updated up to 31.05.2013



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

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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