Feb 22, 2016 04:52 AM
47255 Views
I would like to share my experience of taking a home loan from this organization. My brother is a professor in Burdwan University who wanted to buy a flat in Kolkata and hence requested me to help him to obtain the loan. We had already seen and chosen the flat to our liking and now needed the money to purchase it. I had gone to PNBHFL office in Kolkata, located at Kyd Street. The executive who gave me a check list of the documents that would be required was very polite and courteous .
He explained to me all the procedure that they will follow after the documents were submitted. He told me there would be a verification of my brother's work place and also where he was residing. He explained to me what would be the rate of interest, the duration of the loan, and the maximum amount of money that they would disburse. It would be proportionate of his gross salary. He had also mentioned that how long they would take to disburse the loan after receiving search report and the valuation report. So after a week when me and my brother had gone to their office with all the necessary documents of the property and his income statements, bank statements and his KYC. The same executive and the manager held a detail discussion with us explaining all the parameters involved. They have assured us after all the necessary reports would come they would disburse the fund within seven working days.
