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Frequently Asked Questions

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  • How do I apply for a Home Loan from PCHFL?

    You can apply online or contact us on our Toll free number 18002666444.

  • What are the different types of Loans available with PCHF?

    • Home Loan
    • Home Loan Balance Transfer
    • Home Loan Top up
    • Loan Against Property
    • Loan Against Property Balance Transfer
    • Home Renovation & Improvement
    • Self-Construction on owned residential plot

  • For what purpose can I avail a Home Loan from PCHFL?

    With PCHFL, you can avail Home Loan for purchase of under-construction / ready to move / resale properties.

    You can also avail a Home loan for purchasing a plot and constructing a house thereon, or get a loan for constructing a house on an owned plot.

  • Is it mandatory to have a Co-applicant?

    It is mandatory as well as advisable to have a co-applicant. Having a co-applicant may increase your eligibility, if co-applicant generates income, and your chances of getting the home loan sanctioned. Moreover, co-owner(s) of your property has to be co-applicant(s), but co-applicant(s) need not be co-owner(s).

  • Who all can be added as Co-applicants on my Loan?

    If you are an individual, your parents, your spouse or even your major children can be your co-applicants. Apart from that, non-individual organizations like a partnership firm, an LLP, and a private limited company can also be a co-applicant.

  • What is RPLR?

    The Retail Prime Lending Rate (RPLR) is also referred to as the Benchmark Prime Lending Rate (BPLR). It is the benchmark rate based on which the floating rate of interest for loan is decided.

  • How is the Interest rate calculated?

    PCHFL calculates interest on “daily reducing balance” and is charged with monthly rest.

  • What is the difference between fixed and variable interest rate?

    A fixed interest rate loan is one where your interest rate is locked in (i.e. fixed) for a certain period.

    A variable interest rate loan is one where interest rate changes with change in the RPLR/BPLR whenever reviewed by the financial institution.

  • What is EMI?

    EMI stands for equated monthly instalment paid towards a loan. EMI includes contributions towards both principal and interest on the loan amount.

  • What is Pre-EMI Interest?

    Pre-EMI interest is paid on the loan amount availed in part and before the start of actual EMI. This mainly occurs in self-construction or construction stage linked disbursals.

    The EMI starts post full disbursal of loan. Hence, Pre Emi interest is charged on partially disbursed loan amount until full disbursal of loan.

  • What does “Own Contribution” means?

    Generally, financial institution lends up to 90% of the cost of property bought. The difference amount between cost of Property and PCHFL loan amount is referred as your own contribution, which is to be paid by buyer for purchasing property.

  • How can I change/update my mobile number and email id for my PCHFL Loan account?

    You can visit our website > Existing customer > Email / Mobile update section for update of mobile number and email id.

  • When & How will I get the Property Documents after the Loan is closed?

    After full repayment of loan, our branch officials will contact you to fix the appointment once documents are ready for collection from the respective branch office.

    Note: All applicants & Co-applicants need to be present along with their original valid identity proof at the time of collection of property documents.

Frequently Asked Questions