PNB Housing Finance Limited (Salem Branch) is a regional office of the pan-India housing finance company headquartered in Gurugram, Haryana. Situated at No. 104/7, Manivannan Road, opposite New Bus Stand Road, Arthanari Nagar, Swarnapuri, Salem – 636004, Tamil Nadu, this branch provides a full range of retail and corporate mortgage products to local customers.
Backed by Punjab National Bank, the institution specializes in housing loans, loan-against-property, and deposit schemes designed for individuals, professionals, and small businesses across India. It operates under the regulatory framework of the National Housing Bank and serves as a significant channel for affordable-housing credit in tier-II cities like Salem.
Services
The Salem branch offers home-purchase, construction, extension, improvement, and plot-purchase loans, with funding up to 90 percent of property value and repayment tenures extending to 30 years. It also provides balance-transfer facilities, fixed-deposit options, and specialized schemes such as Roshni Home Loans for affordable-housing segments.
Operations
Typical approvals are completed within 48 hours, and the company promotes doorstep documentation and zero-prepayment charges to simplify borrowing. Loan processing fees and eligibility criteria align with national standards—applicants generally need a monthly income above ₹18, 000 and a CIBIL score of 611 or higher.
Reputation and Reach
PNB Housing Finance Limited has been active for over three decades and is listed on both the NSE and BSE. The Salem branch, located in SPC Bhawan near the city’s new bus stand, serves as a trusted local point for housing-finance inquiries in Tamil Nadu’s central region.