Punjab National Bank issues a home loan statement to its customers, which encapsulates the details regarding the housing loan. The PNB home loan statement specifically mentions all the crucial elements of the housing loan regarding EMIs, penalty charges, etc., that have been mutually decided between PNB authorities and the loan borrower.
The PNB home loan statement is also identified as a PNB home loan provisional certificate. This certificate is issued to the loan borrower at the beginning or end of the financial year. The borrower gets an updated version of the PNB home loan provisional certificate with the outstanding loan amount and EMIs pending that the loan borrower needs to pay.
The PNB home loan statement can be used by the loan borrower to calculate the income to debt ratio or for a new loan application. A loan borrower can also request for PNB home loan provisional certificate from PNB authorities online as well as offline for any of these purposes.
To issue a PNB home loan statement online, you will have to –
Go to the official net banking website of Punjab National Bank
You will have to log in to your net banking services account using your credentials.
Once you have logged in to your account, select the ‘inquiries’ option from the menu.
A dropdown list will appear, where you will have to click on the ‘home loan provisional certificate’ tab.
Enter your PNB home loan details to generate PNB home loan statements.
As soon as you enter details, your PNB housing loan statement will appear on your screen. Now, you have the option to read it online, print hard copies of your PNB home loan statement, or download an e-copy on your device.
In case a loan borrower is unable to generate a PNB home loan statement online, the Punjab National Bank also renders offline services for PNB home loan statements.
To get a PNB home loan statement offline, you will have to –
Go to the closest Punjab National Bank branch and ask for a home loan statement form.
The PNB staff will provide you with an application form. You will have to enter all the primary details like name, DOB, residential address, etc.
The application form of the home loan statement will also have a section regarding PNB loan details like loan account number, loan tenure, etc. Make sure the details are accurately filled in.
Apart from the details, you will be required to submit some documents like PAN Card, Voter ID, Aadhar Card, etc., for verification purposes.
Submit the application to the PNB branch. The home loan statement will be issued to you.
The PNB home loan statement can be used for various purposes –
Financial Planning – The PNB home loan statement helps loan borrowers to keep a record of their loan funds. The statement mentions the EMIs and outstanding principal amounts that need to be paid to the bank, enabling the borrower to plan his expenses and revenues accordingly.
Keeps Updated – The loan borrower can generate a PNB home loan provisional certificate at the beginning and end of every financial year to keep track of the income to debt ratio, EMIs due, etc. Every housing loan statement comes with updated information helping the borrower to manage their funds efficiently.
Goodwill – PNB home loan statements are useful documents even after the loan is settled completely. The home loan statement is a document that can be used by the individual as proof of his repayment capacity and goodwill in the future for new loan applications. A clean and healthy record via a home loan statement increases the chances of loan approval.
Saves Tax – The borrowers can also use PNB home loan statements in their financial books while filing for taxes. The Government offers tax relaxations to people who have borrowed money from banks and financial institutions.