APPLICATION FORM for HOME LOAN

For office use only

Branch: ___________________

Reference no.: _____________ Recent Photograph Recent Photograph

of Applicant of Co-Applicant
Received on: ___/___/___

Personal Details
Co-Applicant
Information Applicant
Relation with Applicant: Parent Spouse Other
First Name

Middle Name

Last Name

Father’s/Husband's Name

Income Tax PAN No.*

AADHAR No.*

Identification no.(tick any one)*

Passport no. Voter ID
Driving License UID
Male Female Male Female
Date of Birth* and Gender d d m m y y y y d d m m y y y y
Transgender Transgender
Category Physical Ex-Serviceman Minority Physical Ex-Serviceman Minority
Handicapped None of these SC/ST Handicapped None of these SC/ST
Undergraduate Graduate PG Undergraduate Graduate PG
Educational Qualification*
Professional course Other Professional course Other
Marital Status and No. of
Single Married No. of Dependants Single Married No. of Dependants
dependents in the household

Email address

__ __
Phone details (STD code – Tel res.)

Mobile No.
Relative of Staff/ Director of bank? Yes No Yes No
Residential Address Applicant Co-Applicant
Residence Address* (Present)

City: State: City: State:

Pin: Country: Pin: Country:

Residence Address* (Permanent)
Same as above

City: State: City: State:

Pin: Country: Pin: Country:

Owned (Self/spouse/ dependent children) Owned (Self/spouse/ dependent children)
Status of current residence Owned (Parents) Rented by Self/Spouse Owned (Parents) Rented by Self/Spouse
Leased by company/govt. Other Leased by company/govt. Other
Years at current residence* Years Months Years Months
Address for correspondence Current Residence Permanent Residence Office Current Residence Permanent Residence Office
*Supporting documents duly signed by the applicant should be attached
Work and Financial Details
Information Applicant Co-Applicant

Employment Nature Salaried Self employed Professional Other Salaried Self employed Professional Other
CA Doctor Engineer/Architect Lawyer CA Doctor Engineer/Architect Lawyer
If professional
Small/Marginal farmer Other agriculturist Other Small/Marginal farmer Other agriculturist Other
Nature of Organization Govt./PSU Public Ltd. Co. Pvt. Ltd. Govt./PSU Public Ltd. Co. Pvt. Ltd.
Proprietorship Partnership Other Proprietorship Partnership Other
Period in Current Employment/ Years Months Years Months
Business

Total Employment/ Business Period Years Months Years Months

Date of Retirement (If salaried) Years Months Years Months

Name of Organization/Business

Designation
Office Address

City: State: City: State:

Pin: Country: Pin: Country:

__ __
Phone details (STD code – Tel off.)

If Self Employed/Professional
FY1 (20__ - 20__) FY 1 (20__ - 20__)
Income in last 3 Financial
years*(Rs.) FY 2 (20__ - 20__) FY 2 (20__ - 20__)
(As per Income Tax Return) FY 3 (20__ - 20__) FY 3 (20__ - 20__)
If Salaried/Other

Gross Gross
Annual Income* (Rs.)
Net Net
IT assessee & paid tax last yr Earns but not formally IT assessee & paid tax last yr Earns but not formally
Spouse's financial information*
IT assessee but no tax paid Does not earn IT assessee but no tax paid Does not earn
Bank Account Details
Account I Account II Account I Account II
(Details of PNB a/c if applicable)
Name of Bank

Branch

A/c No. (details of salary a/c. for

salaried)

Statement of Assets and Liabilities*

Information Applicant Co-Applicant
Assets
Immovable Properties Amount (Rs.) Amount (Rs.)

Building/House
Land
Movable Properties
Cash
Deposits with banks
Investment in government
securities
Others
Total
*Supporting documents duly signed by the applicant should be attached
Statement of Assets and Liabilities (Contd.)*
Information Applicant Co-Applicant
Liabilities
Outstanding Loans/Advances Amount (Rs.) Amount (Rs.)
Bank(s)
Employer
Provident Fund
Relatives and Friends
Others
Total
Net Worth (Actual in Rs.)
(Assets-Liabilities)
Information about other Loans taken (including previous loans from PNB)
Total Loan Limit (Rs.)
Total Monthly Repayment (Rs.)
Whether Regular Yes No Yes No

Proposed Loan Details

Information Applicant
Purchase of Plot/land
Construction of house
Purpose for which loan is required
Purchase of Built house/Residential flat/under construction
(Details as per enclosure 'A' or 'B')
Carrying out Repairs/Renovation/Addition/Alteration to existing house/flat
Take over loan from other bank/FI
Total Cost of house/flat/construction and Applicant's contribution/
Total Cost (Rs.)
Applicant's contribution/Margin Margin (Rs.)
Loan Amount applied (Rs.) and Rate of Interest option Floating Fixed
Repayment Period proposed Years Months Moratorium/Holiday Period: Months
Monthly Installment Mode Advance Cheques Standing Instructions Electronic Clearing System
Other Information
Information Applicant/Co-Applicant
Collateral security proposed Yes No
Type of collateral Property NSC/LIC Policy/Govt. Security Shares Others
If yes Value of collateral (Rs.)

Guarantor Available Yes No If yes, then furnish details in Part II

Pending court cases of Banks/Financial Institutions Yes No
against Applicants/ As Partners/As Director: (Enclose details on an annexure, if needed)
Reference Details
Reference I Reference II

Name
Address

City: State: City: State:

Pin: Country: Pin: Country:

Mobile No./Telephone
*Supporting documents duly signed by the applicant should be attached
I/We hereby request for a loan as above and declare that: The information given in the loan application is true and nothing has been concealed. The undersigned undertakes to inform the Bank any
change in my residence/office address and to provide any further information that the Bank may require. The undersigned has been informed of the charges/fee to be levied by the Bank and agrees to
pay upfront fee, documentation charges, etc. as applicable ad charged by the bank. The undersigned hereby agree to be bound by these terms and conditions or by the revised additional terms and
conditions which may at any time hereafter be made while the loan obtained by me/us is still outstanding. I have read the attached Most Important Terms and Conditions (MITC) annexed to the
application form carefully and agree to the same.
Yours faithfully,
Signature of Applicant: ____________________________________ Signature of Co-Applicant:_________________________________

Name of Applicant: _______________________________________ Name of Co-Applicant: ____________________________________

Date: Date:
Place: Place:

Note: In case there is more than one co-applicant, he/she should fill up another form.

ACKNOWLEDGEMENT
*Sl. No.________ Date:____________

Received application from Mr/Ms/M/S _______________________________ R/O/Office at _______________________________________________________________ for a ______________

(Type of Loan) loan/limit of Rs._____________________ for ______________________________ (State the purpose). The loan application will be disposed-off and acceptance/ rejection would be
intimated within ____ days from date of receipt of completed application form with supporting documents.

Serial number and date of the acknowledgement should be quoted in all future correspondence.
 ENCLOSURE - 'A'
ADDITIONAL INFORMATION REQUIRED TO BE GIVEN IF THE LOAN IS REQUIRED FOR CONSTRUCTION OF A HOUSE OR FOR CARRYING OUT
REPAIRS/RENOVATION/ADDITION /ALTERATION TO THE HOUSE/FLAT
(* applicable only in case of carrying out repairs/renovation/addition /alteration to the house/flat)
Purchase price/acquisition cost of land:
1.
(Please attach attested copy of sale deed /lease deed)
Address, location & surroundings of the house/flat (a rough plan indicating
2.
the location and surroundings of the house should be attached)
Name & Address of the seller(s) /dealer/Housing Society to whom the
3.
payment is to be made
4. Area of land (sq.metres)
5. Proposed built up area
Estimated cost of construction OR repairs/renovation/addition/alteration
6.
(Estimate from qualified Engineer/ Architect be attached)
Particulars of construction OR particulars of repairs /renovation/
7. addition/alteration be given
(Plan approved by the competent authority be attached)
Purchase price/original cost of house/flat as per the sale/title deed in case
the house was constructed by the present owner, the purchase price of
8.
the plot and cost of construction of the house should be separately stated.
(Please attach a certified copy of the sale/title deed) *
9. Present market value of the house/flat *
Whether the plot is free hold or lease hold (In case the plot is lease hold,
10. please state whether the lessee is authorised to mortgage the house -
copy of the letter of authority from the lessor be attached)
Has sanction for construction from the Competent authority been
11. obtained? (If yes, give details and attach copy of plan duly approved by
Municipal Body / Corporation concerned)
Whether the plot on which construction or House on which
12. repairs/renovation/addition/alteration is proposed is free from all
encumbrances whatsoever (Attach non encumbrance certificate)
Whether the place where the property is/will be situated is served by some
13.
Municipal Body/other agency?
14. Any other information

ENCLOSURE - 'B'
ADDITIONAL INFORMATION REQUIRED TO BE GIVEN IF THE LOAN IS REQUIRED FOR PURCHASE OF A BUILT HOUSE / RESIDENTIAL
FLAT/UNDER CONSTRUCTION OR IF THE LOAN IS BEING TAKEN OVER FROM ANOTHER BANK/FI
Address, location and surroundings of the house proposed to be
1. purchased (Please attach a map/plan of the house)

Name & Address of the seller(s) /dealer/Housing Society to whom the

2. payment is to be made

3. Covered area of house/flat

4. Year in which the house/flat was Constructed /allotted
Whether completion certificate from the competent authority obtained
5. (If yes, attach copy)
Name & address of the present owner of the house / flat
6. (Attach proof)

The price at which the house/flat is proposed to be purchased (Attach

7. copy of agreement to sell / letter of allotment)
Whether the house is built on a lease hold plot. If so, whether
8. authority to mortgage the house is available to the lessee (copy of
letter of authority from the lessor be attached)
In case lease hold property is intended to be purchased on power of
attorney/agreement to sell basis (attach proof):
(a) Whether the vendor is original allottee of the house/flat:
9. (b) Whether the development authority/housing board, etc. which
allotted the property to vendor has a scheme in force for conversion of
lease hold property into free hold property
(c) Whether vendor is in possession of property
Whether the place where the property is/will be situated is served by
10.
some Municipal Body/other agency?
Whether the house proposed to be purchased is free from all
11. encumbrances whatsoever (attach non encumbrance certificate)
Please provide the following Name of Bank/FI from which loan
details in case of a take-over is being taken over:
12. loan only Limit (Rs.):
Present Outstanding (Rs.):

Place:
Date: Signature of the applicant(s)
 Recent Photograph
of Guarantor
Part II GUARANTOR INFORMATION

Personal and Employment Details

Personal Details Employment Details
Employment Nature
First Name
Salaried Self employed Professional Other
Middle Name
If professional
Last Name
CA Doctor Engineer/Architect Lawyer
Small/Marginal farmer Other agriculturist Other
Father’s/Husband's Name
Nature of Organization

Income Tax PAN No.* Govt./PSU Public Ltd. Co. Pvt. Ltd.
Proprietorship Partnership Other
AADHAR No. *
Identification no.(tick any one)* Period in Current Employment/Business
Passport no. Voter ID
Driving License UID Years Months
Male Female Name of Organization, Designation and Address
Date of Birth* and Gender d d m m y y y y
Transgender
Educational Qualification and Spouse Parents
Relationship with applicant Son/Daughter Other

Email Id City: State:

Pin: Country:
Address Current Residence Address* Permanent Address
Address

City: State: City: State:

Pin: Country: Pin: Country:

__
Phone details (STD code – Number) Mobile No:

Financial Details
Information Guarantor
Is he/she an Income tax payee Yes No
Total Income in last 2 Financial FY 1 (20__ - 20__) FY 2 (20__ - 20__)
years (Rs.)
Bank Account Details (Existing customer should give details of PNB account)
Name of Bank Branch
A/c No. (details of salary a/c. for
salaried)

Statement of Assets and Liabilities*

Liabilities Assets
Outstanding Loans/Advances Amount (Rs.) Immovable Properties Amount (Rs.)
Bank(s) Building/House

Employer Land

Relatives /Friends Movable Properties

Provident Fund Cash
Deposits
Investment in govt. securities
Others Others
Total Total

Net Worth (Actual in Rs.)

*Supporting documents duly signed by the guarantor should be attached
Having fully apprised myself of the particulars submitted in loan application dated…………….. for ……………………... (mention purpose) loan of
Rs. ………………………………to be considered by the bank to Shri/Smt/Miss Son/Wife/ Daughter of Shri ………………………………………………
I have agreed to furnish my guarantee for repayment of the loan. I hereby declare that I know the above mentioned applicant(s) very well for the
last………no. of years. The information furnished by me is true and correct to the best of my knowledge and belief.
Yours faithfully,

Signature of Guarantor: ________________________________

Name of Guarantor: ___________________________________

Date:
Place:

Note: In case there is more than one guarantor, he/she should fill up another form (Part-II Guarantor Information).
 MOST IMPORTANT TERMS & CONDITIONS
Retail Banking Division (Advances)
1. Interest:

i. Interest whether floating type or fixed type will be charged in the account as per sanction.
Reset of interest will be as per stipulated in the sanction. Interest is to be calculated on
daily balance due to the Bank so long as the amount due from the borrower is not paid in its
entirety and the same will form part of the principal and carry interest at the applicable rate
at monthly rests.
ii. All floating loans/credit facilities linked with MCLR are subject to Reset clause. On Reset
date, the interest rate may change and if the same is not acceptable to the borrower, the
outstanding term loan shall have to be adjusted in full, failing which the bank would charge
the revised interest rate from the date of reset.
iii. If the bank chooses to revise the interest rate due to the reset clause, and in case, the
borrower is not agreeable with the proposed rate fixed at the time of reset or no consensus
is arrived at mutually on rate of interest to be charged from the reset date, pre-payment
option may be exercised by the borrower for discontinuation of the loan. In such an
eventuality, no pre-payment penalty will be levied which will provide a comfort to the good
corporate borrowers. However, a reasonable time of not more than one month shall be
given to the borrower to make arrangement for repaying the bank’s loan. After expiry of the
stipulated period, the interest rate as fixed by the bank shall be charged.
iv. The bank will make efforts to keep its borrowers’ informed of any change in interest rates
through the official website (www.pnbindia.in) , annual statement of accounts, display in its
offices and general announcements from time to time.

2. Penal Interest:

Penal Interest @2% will be levied in the account in case of:

i. Non-payment of any installment of principal and/or interest, costs and other charges
due, on the amount in default from the date of default; or
ii. Any irregularity in the Loan account; or
iii. Default in Furnishing information as prescribed/called for by the Bank; or
iv. Diversion or siphoning of the Loan amount; or
v. Default in creation of security within the stipulated time; or
vi. Non-compliance of any of the terms & conditions of this Agreement; or
vii. Any other case as the Bank may deem fit.

3. Margin/ Promoter’s contribution

The applicant should bring in their entire contribution before release of the Loan or in the
manner otherwise provided in the sanction. Further, it should also be ensured that margin
stipulated is maintained / provided at each stage of disbursement.
4. Fee & other Charges: Fees and other charges as applicable on application/ during the
currency of the loan/ conversion charges for switching

i. All service charges viz. Upfront Fees/ processing Fees, Documentation Charges,
Inspection charges etc. will be charged from the applicant as per sanction before release of
credit facilities.
i. All other event based charges like legal fees, charges for dishonour of cheques/ NACH
mandate/ standing instructions, charges for drawing of Credit Information Report from
Credit Information Companies like CIBIL etc., registration of charge with CERSAI in case of
mortgage of property etc. will be recovered from the applicant immediately on occurring of
the event.
ii. Processing Fee paid by the Customer for availing the loan is non-refundable.

5. Repayment of loan: Loan to repaid in Equated Monthly Instalments (EMI) or as stipulated

in the sanction if otherwise.

6. Security: The loan will be secured by mortgage of/ hypothecation of/ charge on assets
purchased through bank funds in case of primary security and/or assets in case of collateral
security, within the stipulated time period as specified in the sanction. Personal guarantee if
any, will be obtained as per sanction.
7. Insurance:

i. The borrower shall get the assets, mortgaged/ hypothecated/ charged to the bank, insured
against all risks at their own cost with usual bank clause. A copy of the insurance policy will
be kept on bank's records also.
ii. In case the same is not complied with, the bank will get the same insured and cost
recovered from the borrower.
iii. The Borrower may avail health and/or life insurance cover for himself with the Bank as the
sole beneficiary under the policy / policies.
8. Disbursement:

i. The borrower shall submit all relevant documents as mentioned in the Sanction Letter/Loan
Agreement before disbursement.
ii. The borrower will intimate the Bank of any change in his employment/contact details.
iii. The borrower will request for disbursement of the loan in writing (as per the manner
prescribed by Bank).
iv. The payments will preferably be made directly to vendor/ seller from whom the applicant
proposes to purchase the asset. Original bills/cash memos for all the assets financed by
bank/ payments made by the bank, shall be submitted by the borrower to be placed on
bank’s record.
v. In case of housing loan, the Loan will be released in stages as per physical progress of the
project. Before actually disbursing the loan, the Branch Head must satisfy that the borrower
has contributed the required margin for the loan. In case of housing loan for construction of
house, payment will preferably be made directly to the suppliers.
vi. Before disbursement of Loan, applicant to ensure that all necessary statutory and other
approvals/permissions have been obtained.
vii. Loan will be utilised strictly for the purpose as per sanction. Deviation if any, will be treated
as non-compliance.
viii. Borrower to comply with all preconditions for disbursement of the loan as mentioned in the
Sanctioned Letter.

9. Recovery of dues:

i. Customers have been explained the repayment process of the loan in respect of, tenure,
periodicity, amount and mode of repayment of the loan. No notice, reminder or intimation is
given to the customer regarding his/her obligation to pay the EMI/ Instalment regularly on
due date.
ii. On non-payment of EMI/ Instalment by the due dates, Bank shall remind the customers by
making telephone calls, sending written intimations by post and electronic medium or by
making personal visits by Bank’s authorized personnel at the addresses provided by the
customer. Costs of such calls/communication /visits shall be recovered from the customer.
iii. Notwithstanding what is stated herein, it shall be the liability of the customer to ensure that
the EMIs/ Instalments are regularly paid on the due dates.
iv. Credit information relating to any customer's account is provided to the Credit Information
Bureau (India) Limited (CIBIL) or any other licensed bureau on a monthly basis. To avoid
any adverse impact on the credit history with CIBIL, it is advised that the customer should
ensure timely payment of the amount due on the loan amount.
v. The recovery process of enforcement of mortgage/securities, including but not limited to,
taking possession and sale of the mortgaged property in accordance with the procedure
prescribed under the Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002 (SARFAESI Act) or under any other law, is
followed purely as per the directions laid down under the respective law.
vi. Intimation/Reminders/Notice(s) are given to customer prior to initiating steps for recovery of
overdues, under the Negotiable Instruments Act, Civil Suit as well as under the SARFAESI
Act.
10. Customer Service

Customer Service Queries including requirement of documents can be addressed to the Bank
through the following channels:
i. Write to the branch or contact us through toll free number 1800-180-2222 / 1800-103-2222
/ 0120-2490000 (tolled).
ii. Contact the branch within the working hours for:
a. Photo Copies of loan documents, which can be provided in 7 working days from date of
placing request. Necessary administrative fee shall be applicable.
b. Original documents namely Title Deed of Property, Registration Certificate etc. will be
returned within 10 working days from the date of closure of loan.
c. Loan Account statement (time line): Within 3 working days of the receipt of request.
11. Grievance Redressal: There can be instances where the Borrower is not satisfied with
the services provided. To highlight such instances & register a complaint the Borrower may
follow the following process:

a. Borrower can meet or write to the Branch Head of the concerned branch or
b. The Borrower can complain to customer care through our website: www.pnbindia.in or
email at care@pnb.co.in or Mobile Application “wecare” (can be downloaded through
Google Playstore) or through Internet Banking/ Mobile Banking or
c. In case the grievance remains unresolved beyond a period of 15 days, the borrower may
escalate the matter to Principal Nodal Officer, Punjab National Bank, Customer Care
Division, Head Office, 5, Parliament Street, New Delhi 110001.

**The above list is illustrative and may vary on case to case basis.

************************