PHFCL provide home loan for construction of residential house or building, purchase of readymade flat or house, acquisition of plot and construction of house on the purchased plot, extension of existing house, and repairs, renovation and up-gradation of house or flat. The company also offers non home loan for personal use.
The below are the list of documents required for availing loan from PHFCL:
- Legal Document :- Title Investigation Report (TIR) issued by an Advocate who has verified the title of the property
- Land Valuation Document :- Land valuation certificate from the approved Valuer
- Property Documents
- Title Deed (Gift or Sale deed)
- Certified Order Copy (Mutation/Misc.)
- Cancelled or Un-canceled Patta
- Update Jamabandi/Patta
- Trace map
- Latest land revenue receipt
- Non-encumbrance certificate (NEC) for the last 15 years
- KYC Documents : PAN and Aadhaar and other KYC related documents
Repayment period options ranges from 5 years to 20 years.
Loan amount is decided based on the net salary/income of the individual, age, repayment capacity, and abstract cost of construction of the house.
PHFCL does not ask for guarantor.
PHFCL allows joint application (of spouse/parents/son) for home loans.
Under housing loan, a customer can avail tax benefits under three sections of Income Tax Act. Under the Section 24, for a self-occupied property, a customer can avail tax deduction of ₹ 2 Lakhs, however, there is no limit for non-self-occupied property. Under the Section 80C, for both self-occupied and non-self-occupied property, a customer can avail tax deduction of ₹ 1.5 Lakhs. Under the Section 80EE, for both self-occupied and non-self-occupied property, a customer can avail tax deduction of ₹ 50,000.
| Level 1 | Level 2 | Level 3 | Level 4 |
|---|---|---|---|
| Customers are requested to visit, call or write to the nearest branch of PHFCL with the following details Name of branch head Customer’s Contact details: phone, email and full address | If not attended in 7 working days, lodge a complaint by mailing to us at rockyk@phfcl.org.in Or visit our website https://phfcl.org.in/contact-us/ to lodge an online complaint | If the complaint is not resolved satisfactorily in 15 working days, contact our Grievance Redressal Officer, at: dhanabir@phfcl.org.in or through letter to T. Dhanabir Singh, Panthoibi Housing Finance Company Ltd., 3rd Floor, Uripok Tourangbam Leikai, Near Flyover Bridge, Imphal West, Manipur, Pin – 795001 | If the complaint is not redressed satisfactorily within 30 working days, customer may directly mail at crcell@nhb.org.in or write to The General Manager Complaint Redressal Cell, Department of Regulation and Supervision, National Housing Bank, 4th Floor, Core 5-A, India Habitat Centre, Lodhi Road, New Delhi – 110003 |
| Grievance Redressal for ex-gratia payment |
|---|
| Customers are requested to contact our Grievances Redressal Officer Ms. Laishram Sylvia Devi, Panthoibi Housing Finance Company Ltd., 2nd Floor, Uripok Tourangbam Leikai, Near Flyover Bridge, Imphal West, Manipur, Pin – 795001 or write to sylvial@phfcl.org.in for any kind of Grievances Redressal related to ex-gratia payment of difference between Compound Interest and Simple Interest for six months to the borrowers. Or visit our website https://phfcl.org.in/contact-us/ to lodge an online complaint. |
| Grievance Redressal for PMAY-CLSS |
|---|
| Customers are requested to contact our Grievances Redressal Officer Mr. Kiyam Rocky Singh, Panthoibi Housing Finance Company Ltd., 2nd Floor, Uripok Tourangbam Leikai, Near Flyover Bridge, Imphal West, Manipur, Pin – 795001 or write to rockyk@phfcl.org.in for any kind of Grievances related to Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme (PMAY-CLSS). Or visit our website https://phfcl.org.in/contact-us/ to lodge an online complaint. The grievances will be address within 7 working days. |
Borrower can make the repayment through electronic mode (NEFT/UPI/RTGS/NACH) or Cheque/PDC.
PHFCL also offers NACH mandate to make repayment.
PHFCL provides three different dates ie. 7th, 15th, & 22nd as due date for paying EMI/PEMI every month. Borrower/s are free to choose any of the date.
Yes, Borrower/s may also change their repayment due date (to 7th, 15th, or 22nd) by submitting a change request in written or email (phfcl.loan@gmail.com) before 5 working days of the repayment due date. Change of Repayment Due Date is permitted only twice in a financial year.
Yes, Borrower/s can cancel their NACH mandate before 5 working days from the opted NACH mandate date.
To Cancel NACH mandate, Please fill below form and Submit.