Punjab National Bank Housing Finance [Pnbhfl] — multiple false commitment - with full confidence

1. They will engage you till one month and realese multiple sanction letter. But i. Last sanction letter you may surprise by insreasing roi and reduce loan amount.
2. They are selling insurance forcefully. This also you will come to know in your sanction letter. If you do not want to take insurance. They will start bargain to take this junk insurance..

3. Initial they will tell you that your loan roi would be fixed for 13 month. But after 1-2 emi your loan roi changed. I took a loan last year at 9% roi now its 9.5%.

4. I got 16.8 lakhs loan in my first sanction letter including insurance. I request them to remove 80000 as an insurance. So they removed after multiple discussion. But loan amount also reduced to 14.5 lakhs.

Please don't take any insurance. If they forcefully sell insurance then you just tell them i do not need this loan. They will cancelled it but it will take 15-20 days. If they take more than 2 days they please change you bank for home loan. Because they just want to engage with them till you get your builder appointment date comes near. And then finally release sanction letter will less amount and increase roi. They you have to accept it anyhow. Because this time you have committed to your builder.