PNB Housing Finance

Q: What is PNB Housing Finance?

A: PNB Housing Finance is a leading housing finance company in India, providing home loans and other related financial services.

Q: What types of home loans does PNB Housing Finance offer?

A: PNB Housing Finance offers various types of home loans, including home purchase loans, home construction loans, home improvement loans, and plot loans.

Q: What is the PNB Housing Finance Loan Refer and Earn program?

A: PNB Housing Finance Loan Refer and Earn program is a referral scheme offered by PNB Housing where existing customers can earn rewards by referring others for a loan.

PNB Housing Finance - Loan Referral Program

Q: How does the PNB Housing referral program work?

A: In the PNB Housing referral program, when a customer refers someone for a loan and the referred customer takes disbursement from PNB Housing, the existing customer becomes eligible for a reward based on the loan amount availed by the referral.

Q: What is the minimum loan amount requirement for the PNB Housing referral scheme?

A: The PNB Housing referral scheme is applicable on a minimum loan amount of INR 10 lakhs and above.

Q: How is the reward amount determined in the PNB Housing referral program?

A: The reward amount in the PNB Housing referral program is based on the loan amount availed by the referral, as mentioned in the grid provided.

Q: What happens if the referred customer does not take any disbursement within the specified time frame in the PNB Housing referral scheme?

A: If the referred customer does not take at least one disbursement within 3 months from the date of referral, the offer stands cancelled for the existing customer.

Q: When will the gift voucher/reward amount be released in the PNB Housing referral program?

A: The gift voucher/reward amount will be released within 60 days of disbursement to the referral, regardless of whether the disbursement is partial or full.

Are there any conditions on who can be referred in the PNB Housing referral program?

A: There are no specific conditions on who can be referred in the PNB Housing referral program, as long as they meet the loan amount requirement and are not self or immediate family members.

Q: What happens if multiple referrals or PNB Housing associates refer the same customer in the referral program?

A: In the event of multiple referrals or referrals from PNB Housing associates, the first referral to make the referral will be entitled to the incentive as per PNB Housing's decision in case of a dispute.

Q: Can customers refer someone who already has an ongoing loan application with PNB Housing?

A: No, customers cannot refer someone who already has an ongoing loan application with PNB Housing. Applications under process with PNB Housing on or before the reference received from the customer are not eligible for any benefits in the referral program.

Q: Are all loans subject to the sole discretion of PNB Housing in the referral program?

A: Yes, all loans availed through the referral program are at the sole discretion of PNB Housing Finance Ltd.

Q: Is the PNB Housing referral program applicable to PNB Housing and PHFL employees and their immediate family members?

A: No, the PNB Housing referral program is not applicable to PNB Housing and PHFL employees and their immediate family members.

Q: Is the loan account number mandatory for receiving the reward payment in the PNB Housing referral program?

A: Yes, the loan account number is mandatory for receiving the reward payment in the PNB Housing referral program.

Q: Are there any taxes or additional charges applicable to the reward payments in the PNB Housing referral program?

A: All reward payments in the PNB Housing referral program will be subject to service tax and other applicable laws at the time of making the payment and calculations.

Q: Can PNB Housing withdraw the referral scheme at any time?

A: Yes, PNB Housing reserves the right to withdraw the referral scheme at any time without any prior intimation.

Q: What is the jurisdiction for resolving any dispute related to the referral program by PNB Housing?

A: Any dispute arising in connection to the referral program by PNB Housing is subject to Delhi jurisdiction only.

Q: How long does it typically take for the referred customer to receive the disbursement in the referral scheme by PNB Housing?

A: The time frame for the disbursement to the referred customer may vary and is subject to the loan processing and approval procedures of PNB Housing.

Q: Can the reward amount be converted into cash instead of a gift voucher in the PNB Housing referral program?

A: The reward amount in the PNB Housing referral program is provided in the form of a gift voucher and cannot be converted into cash.

Q: Is there a limit on how many referrals an existing customer can make in the PNB Housing referral scheme?

A: There is no specified limit on how many referrals an existing customer can make in the PNB Housing referral scheme.

Q: What actions should a customer take to ensure their referral is eligible for the PNB Housing referral program?

A: A customer should ensure that their referred customer takes at least one disbursement within 3 months from the referral date to be eligible for the referral program.

Q: Can customers participate in the PNB Housing referral program if they have an existing loan with PNB Housing?

A: Yes, existing customers with a loan from PNB Housing are eligible to participate in the referral program and refer others for a loan.

Q: Are there any specific eligibility criteria for getting a home loan from PNB Housing Finance?

A: Yes, PNB Housing Finance has specific eligibility criteria related to age, income, employment stability, credit history, and property type. These criteria can vary from loan to loan.

Q: How can I apply for a home loan from PNB Housing Finance?

A: You can apply for a home loan from PNB Housing Finance by visiting their website, filling out the application form, and submitting the required documents online or at their branch.

Q: What is the maximum loan amount I can avail from PNB Housing Finance?

A: The maximum loan amount you can avail from PNB Housing Finance depends on factors such as your income, property value, loan-to-value ratio, and repayment capacity.

Q: How long does it take to get the loan disbursed from PNB Housing Finance?

A: The time taken to disburse the loan from PNB Housing Finance can vary depending on the completeness of your documentation, property verification, and other factors. It usually takes a few weeks.

Q: Can I transfer my existing home loan to PNB Housing Finance for better terms and interest rates?

A: Yes, PNB Housing Finance offers the option to transfer your existing home loan from another financial institution to avail better terms, features, and interest rates.

Q: Does PNB Housing Finance provide loan options for self-employed individuals?

A: Yes, PNB Housing Finance offers home loan options specifically designed for self-employed individuals, including professionals and business owners, with customized eligibility criteria.

Q: What is the interest rate offered by PNB Housing Finance on home loans?

A: The interest rates offered by PNB Housing Finance on home loans can vary depending on various factors such as loan amount, loan tenure, type of loan, and prevailing market conditions.

Q: Can I prepay my home loan without any penalty charges at PNB Housing Finance?

A: Yes, PNB Housing Finance allows prepayment of home loans without any penalty charges, subject to certain terms and conditions.