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Punjab and Sind Bank (PSB), a public sector bank with over 1,500 branches nationwide, offers home loans under schemes like PSB Apna Ghar for property purchase, construction, renovation, extension, or balance transfer, financing up to 90% of the property value (max Rs.30 crore based on eligibility). As of November 2025, Punjab and Sind Bank home loan interest rate starts at 7.55% p.a. for eligible applicants with CIBIL 750+ under PMAY-linked schemes, up to 10.50% p.a. for higher-risk profiles, with tenures up to 30 years. It includes PMAY-CLSS subsidies up to 6.50% for EWS/LIG/MIG (income <Rs.18 lakh/year), a processing fee of 0.50% (max Rs.15,000 + GST), and approvals in 7-15 days for complete documentation.
|
Feature |
Details |
|
Interest Rate |
Starts at 7.55% p.a. (up to 10.50% p.a. based on CIBIL and profile) |
|
Processing Fee |
0.50% + GST (max Rs.15,000) |
|
Loan Amount |
Up to 90% of property value (max Rs.30 crore for strong profiles) |
|
Repayment Tenure |
Up to 30 years |
|
Applicant Age |
18-70 years (up to retirement for salaried) |
|
Approval & Disbursal Time |
7–15 working days (faster for complete docs) |
|
Prepayment Charges |
Nil for floating rate loans (individuals) |
|
Eligibility (Salaried) |
Rs.30,000+ monthly; 1 year job; CIBIL 700+ |
|
Eligibility (Self-Employed) |
2 years business; Rs.3 lakh+ annual ITR; CIBIL 700+ |
Punjab and Sind Bank home loan interest rate is floating, linked to the External Benchmark Lending Rate (EBLR) at 8.10% as of November 2025, with spreads adjusted for CIBIL, income, and PMAY status—starting at 7.55% p.a. for PMAY beneficiaries or salaried with CIBIL 750+ on loans up to Rs.30 lakh, up to 10.50% p.a. for self-employed or higher-risk profiles. PMAY-CLSS subsidy (6.50% on Rs.6 lakh for EWS/LIG) reduces effective rate to ~1.05%; women get 0.10% concession. Daily reducing balance applies.
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
Salaried (CIBIL ≥750) |
7.55% |
8.50% |
Stable job, ≤Rs.30 lakh loan, PMAY eligibility |
|
Self-Employed Professionals |
8.00% |
10.50% |
ITR consistency, 2+ years business |
|
Balance Transfer/Top-Up |
7.75% |
9.00% |
Existing repayment history, add-on ≤20% |
|
PMAY EWS/LIG/MIG |
7.55% (effective ~1.05%) |
8.00% |
Income <Rs.18 lakh, property ≤Rs.45 lakh |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
Punjab and Sind Bank |
7.55% |
0.50% (max Rs.15,000) |
30 years |
|
State Bank of India (SBI) |
7.50% |
Up to 0.35% |
30 years |
|
HDFC Bank |
8.15% |
0.5%–1% |
30 years |
|
ICICI Bank |
8.75% |
0.5%–1% |
30 years |
For a Rs.50 lakh loan over 20 years at 7.55%, EMI is Rs.37,800—Rs.1,700 less than ICICI's 8.75%, equating to Rs.4.1 lakh interest savings; PMAY adds Rs.2.67 lakh subsidy for LIG.
Punjab and Sind Bank home loan calculator at punjabandsindbank.co.in/emi-calculator: Input amount, rate (7.55%-10.50%), tenure for EMI, amortization, and PMAY subsidies.
Loan Amount: Rs.50 lakh
Interest Rate: 7.55% p.a.
Tenure: 20 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
Rs.37,800 |
Rs.40.72 lakh |
Rs.90.72 lakh |
Reduce to 15 years: EMI Rs.41,500, saves Rs.12 lakh interest; PMAY adds Rs.2.67 lakh subsidy for MIG.
|
Charge Type |
Amount |
|
Processing Fee |
0.50% + GST (max Rs.15,000) |
|
Legal & Valuation Fee |
Rs.3,000–Rs.5,000 (actuals) |
|
CERSAI Registration |
Rs.500 |
|
Stamp Duty (MODT) |
0.1%–0.3% (state-specific) |
|
Prepayment (Floating Rate) |
Nil |
GST at 18%. Total <1%; 50% concession for salary account holders; no commitment fees.
● Age: 18–65 years (up to 70 for PMAY)
● Rs.30,000+ monthly net income
● 1 year in current job (2 years total)
● CIBIL: 700+ (750+ for lowest rates)
● Age: 21–65 years
● 2 years business
● Rs.3 lakh+ annual ITR
● CIBIL: 700+; audited P&L required
90% LTV for PMAY; co-applicants (spouse/family) boost limits; guarantor optional.
|
service |
Contact Details |
|
Helpline (9AM-6PM) |
022-27811200 / 022-27811201 |
|
Email for Queries |
customercare@psbindia.com |
|
Grievance Redressal |
nodal.officer@psbindia.com |
|
Branch Hours |
10 AM–4 PM (Mon-Fri) |
Visit punjabandsindbank.co.in/track-application with application no./mobile OTP—view stages: Submitted, Verified, Sanctioned, Disbursed. Email customercare@psbindia.com for updates (48-hour response); visit branch with ID.
Salaried applicants need a minimum Rs.30,000 monthly net income, while self-employed require Rs.3 lakh+ annual ITR with 2 years business stability. The bank assesses based on 50% debt-to-income ratio for EMI affordability up to Rs.30 crore; PMAY-eligible EWS/LIG (<Rs.18 lakh/year) get priority, with co-applicants (spouse/family) increasing limits by 20-30%.
Yes, NRIs qualify with 2+ years overseas employment, valid visa, and NRE proofs, at rates starting 7.75% p.a. with 80% LTV via power of attorney. Submit attested salary slips and overseas address; contact customer care for NRI desks, with disbursal in 10-15 days.
Yes, PMAY-CLSS offers 6.50% interest subsidy up to Rs.2.67 lakh on loans ≤Rs.12 lakh for EWS/LIG/MIG (income <Rs.18 lakh/year, property ≤Rs.45 lakh). Eligibility requires Aadhaar-seeding; the bank handles processing, reducing effective rate to ~1.05% and saving Rs.1-2 lakh annually on EMIs.
Balance transfer at 7.75%-8.75% (0.25%-1% lower than originators) requires 12-month statements and NOC, with 0.50% processing fee (max Rs.15,000). It includes top-up up to 20% original for renovations; processing takes 7-10 days, saving Rs.2,500+ monthly on Rs.50 lakh loans.
With home prices rising 9% in 2025 (NHB data), Punjab and Sind Bank home loan interest rate calculator processing fee requirements application process customer care status offers 7.55% rates, PMAY subsidies, and 7-15 day approvals—financing diverse needs across 1,500+ branches. Ideal for Rs.5 lakh-Rs.30 crore aspirations. Apply at punjabandsindbank.co.in or email customercare@psbindia.com.
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