A Study of Procedural challenges faced by Punjab National Bank during Sanctioning of Housing Loan with special reference to Punjab state.

Abstract

Housing Loan is the amount of currency sanctioned by banks in lieu of some security to the borrowers for the construction, maintenance and renovation of House. The amount is sanctioned on interest basis and a thorough background check of the borrower is done by bank before sanctioning of Housing Loan. While sanctioning, Banks face a lot of problems. This study is focused to find out the problems faced by Punjab National Bank employees while sanctioning of Housing Loan. The Study is focused on the banks located at three regions of Punjab i.e., Majha, Malwa and Doaba. Total 70 respondents were approached using Google questionnaire to fill out the structured questionnaire prepared on Likert Scale basis. Responses were recorded and coded using SPSS 21 to run the ANOVA test. Results drawn from ANOVA at 5% level of Significance provide that most of the values calculated are less than 0.05 providing rejection of Null Hypothesis that Banks face many procedural challenges during sanctioning of Housing Loan.