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PNB Home Loan


Loan Name Interest Rate Processing Fee Loan Amount Tenure
Housing Loan for Public MCLR + 0.20% - MCLR + 0.45% 0.35% of loan amount Above Rs 75 lakhs 1-30 Years
Details
Documents Required

  • Duly filled in application form along with 3 recent passports sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Proof of Age: Driving License, PAN Card, 10th Grade Marks Card, Election Voters Identification Card, Passport
  • Educational Qualification: Latest Degree Certificate, Documents related to educational qualification
  • Identity Card of Employer in case of employed applicants
  • Income Proof of Employed Applicants: Recent salary slips for the last 3 months, Form 16 for last 2 years, Last 6 months bank statement giving details of salary account
  • Income Proof of Self-Employed Applicants: Income Tax Returns for last 3 years (self and business), Profit & Loss Account, Balance Sheet duly audited by the Chartered Accountants, Bank Account Statement for last 12 months
  • Property Documents: Copies of title documents of property and documents related to the approved plan
Benefits

  • Minimum processing fee
  • The fast and transparent loan processing system
  • The tenure of the loan is spread over a period of 30 years in case of purchase of a home
  • The tenure of the loan is 15 years inclusive of moratorium period in case of repairs/ renovation/ alterations of the house or flat.
Eligibility

  • The applicant should be a resident Indian.
  • The minimum age of the applicant should be 18 years.
  • The maximum age of the applicant should not be over and above 70 years at the time of loan maturity.
  • The applicant can either apply for a home loan individually or joint owners.
  • The applicant should have an established, regular source of income to avail the home loan.
  • In the case of co-applicant (spouse, parents, children), their individual income can be added to the total annual income.
Other Details

  • The loan is availed to carry out renovation/repair works or alteration work.
  • The processing fee is 0.35% of loan amount with a minimum amount of Rs 2,500 and a maximum of Rs 15,000.
  • Documentation charges is Rs 1,350
Housing Finance Scheme for Public – PNB Max-Saver MCLR+0.20%-MCLR+5.00% 0.35% of the loan amount Minimum 10 lakhs 30 years
Details
Documents Required

  • Duly filled in application form along with 3 recent passports sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Proof of Age: Driving License, PAN Card, 10th Grade Marks Card, Election Voters Identification Card, Passport
  • Educational Qualification: Latest Degree Certificate, Documents related to educational qualification
  • Identity Card of Employer in case of employed applicants
  • Income Proof of Employed Applicants: Recent salary slips for the last 3 months, Form 16 for last 2 years, Last 6 months bank statement giving details of salary account
  • Income Proof of Self-Employed Applicants: Income Tax Returns for last 3 years (self and business), Profit & Loss Account, Balance Sheet duly audited by the Chartered Accountants, Bank Account Statement for last 12 months
  • Property Documents: Copies of title documents of property and documents related to the approved plan
Benefits

  • Minimum processing fee
  • The fast and transparent loan processing system
  • The tenure of the loan is spread over a period of 30 years
Eligibility

  • The applicant’s age should be minimum 18 years
  • Maximum age of the applicant should be 70 years at the time of loan maturity
  • The applicant should have an established, regular source of income to avail the home loan
  • In the case of co-applicant (spouse, parents, children), their individual income can be added to the total annual income
  • The applicant should be resident Indian
Other Details

  • The minimum loan amount is Rs 10,00,000
  • The maximum loan amount is need-based as per the housing finance scheme for public
  • Processing Fee is 0.35% of the loan amount
  • The minimum processing fee is Rs 2,500
  • The maximum Processing fee is Rs 15,000
  • Documentation Charges is Rs1,350
PNB Pride Housing Loan for Government Employees 8.60% - 8.85% Nil up to Rs 1 crore up to 30 years
Details
Documents Required

  • Duly filled in application form along with 3 recent passports sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Proof of Age: Driving License, PAN Card, 10th Grade Marks Card, Election Voters Identification Card, Passport
  • Educational Qualification: Latest Degree Certificate, Documents related to educational qualification
  • Identity Card of Employer
  • Income Proof of Employed Applicants: Recent salary slips for the last 3 months, Form 16 for last 2 years, Last 6 months bank statement giving details of salary account
  • Property Documents: Copies of title documents of property and documents related to the approved plan
Benefits

  • Attractive Interest Rates
  • No Processing Fee
  • No Upfront fee
  • No Documentation Charges
  • Long tenure for repayment of the loan
Eligibility

  • The applicant should be a government employee
  • The applicant can be employed either in state or central government or can be defence personnel or a paramilitary force.
  • The applicant should be a resident Indian.
Other Details

  • The loan is granted for the purchase or construction or additions of house or flat.
  • One can also avail a loan to purchase land or plot for constructing a house or building.
  • The cost of furnishing the house can also be included in the project.
  • Individuals can get up to Rs 1 crore as a loan amount if they reside in state capitals and metros.
  • If the applicants are residing in other centres then they can get up to Rs 50 lakhs as the loan.
  • In case of repairs or renovations or alterations, one can get a loan of up to Rs 25 lakhs.
PNB Gen – Next Housing Finance Scheme for Public 10% Rs 2500 - Rs 15000 Need Based up to 30 years
Details
Documents Required

  • Duly filled in application form along with 3 recent passports sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Proof of Age: Driving License, PAN Card, 10th Grade Marks Card, Election Voters Identification Card, Passport
  • Educational Qualification: Latest Degree Certificate, Documents related to educational qualification
  • Identity Card of Employer in case of employed applicants
  • Income Proof of Employed Applicants: Recent salary slips for the last 3 months, Form 16 for last 2 years, Last 6 months bank statement giving details of salary account
  • Income Proof of Self-Employed Applicants: Income Tax Returns for last 3 years (self and business), Profit & Loss Account, Balance Sheet duly audited by the Chartered Accountants, Bank Account Statement for last 12 months
  • Property Documents: Copies of title documents of property and documents related to the approved plan
Benefits

  • Attractive Interest Rates
  • The longer repayment period for the loan amount
  • Minimum charges for documentation
  • Easy EMIs on the pockets of borrowers
Eligibility

  • The applicant should be an Indian
  • He/She should be aged 21 years at the time of applying for the loan
  • The maximum age of the applicant should be less than 40 years
  • Minimum net monthly salary should be Rs 35,000
  • Salaried employees should have a minimum of 3 years of experience to secure the loan
Other Details

  • The minimum amount of loan amount is Rs 20,00,000
  • The maximum amount of loan depends on the requirement
  • Loan repayment tenure is spread up to 30 years
  • Minimum moratorium period is 36 months
  • Maximum moratorium period is 60 months
Housing Loan for Public – Pradhan Mantri Awas Yojana – Housing for All 0 3000 up to Rs 30 lakhs up to 30 years
Details
Documents Required

  • Duly filled in application form along with 3 recent passports sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Proof of Age: Driving License, PAN Card, 10th Grade Marks Card, Election Voters Identification Card, Passport
  • Educational Qualification: Latest Degree Certificate, Documents related to educational qualification
  • Identity Card of Employer in case of employed applicants
  • Income Proof of Employed Applicants: Recent salary slips for the last 3 months, Form 16 for last 2 years, Last 6 months bank statement giving details of salary account
  • Income Proof of Self-Employed Applicants: Income Tax Returns for last 3 years (self and business), Profit & Loss Account, Balance Sheet duly audited by the Chartered Accountants, Bank Account Statement for last 12 months
  • Property Documents: Copies of title documents of property and documents related to the approved plan
Benefits

  • Attractive Interest Rates
  • The longer repayment period for the loan amount
  • Minimum charges for documentation
  • Easy EMIs on the pockets of borrowers
Eligibility

  • The applicants should be resident Indian.
  • The individuals should belong to the economically weaker section and low-income group category.
  • The households of an economically weaker section should have an annual income of up to Rs 3,00,000 and the area of the house – carpet area should be up to 30 square meter
  • The households of the low-income group should have an annual income of a minimum of above Rs 3,00,000 and maximum of up to Rs 6,00,000 and the carper area of the house should be 60 square meters.
Other Details

  • The maximum amount of home loan under this scheme is Rs 30 lakhs
  • The loan should be repaid up to the age of 70 years or 30 years (including moratorium period) whichever is earlier.
  • The borrower can avail subsidy for a maximum period of 20 years.
Housing Loan for Public – PMAY – Middle Income Group 0 0 above Rs 75,00,000 up to 20 years
Details
Documents Required

  • Duly filled in application form along with 3 recent passports sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Proof of Age: Driving License, PAN Card, 10th Grade Marks Card, Election Voters Identification Card, Passport
  • Educational Qualification: Latest Degree Certificate, Documents related to educational qualification
  • Identity Card of Employer in case of employed applicants
  • Income Proof of Employed Applicants: Recent salary slips for the last 3 months, Form 16 for last 2 years, Last 6 months bank statement giving details of salary account
  • Income Proof of Self-Employed Applicants: Income Tax Returns for last 3 years (self and business), Profit & Loss Account, Balance Sheet duly audited by the Chartered Accountants, Bank Account Statement for last 12 months
  • Property Documents: Copies of title documents of property and documents related to the approved plan
Benefits

  • Minimum processing fee
  • The fast and transparent loan processing system
  • The tenure of the loan is spread over a period of 30 years
Eligibility

  • The applicant should be a resident Indian
  • The individuals from the middle-income group (MIG) are eligible to apply for the loan.
  • Those households who are having an annual income of Rs 6,00,000 and up to Rs 12,00,000 can apply for the loan. The carpet area should be up to 160 square meters (under MIG I households).
  • Those households who are having an annual income of Rs 12,00,000 and up to Rs 18,00,000 can apply for the loan. The carpet area should be up to 200 square meters (under MIG 11 households).
Other Details

  • The maximum loan tenure is 20 years
  • Borrowers are eligible to get an interest subsidy of 4.00% under MIG I household and 3.00% under MIG II.
  • No Processing fee for loan amount up to Rs 12,00,000

FAQs

Q: What is the criteria on which the Punjab National Bank decides the quantum of loan for the home loan seekers?

A: The maximum loan amount will be disbursed based on the following structure:

  • For purchase/construction/additions to the house- Depends on the requirement.
  • For home renovations/repairs- Rs.
    25 lakhs (max)
  • For furnishing the house- Rs. 5 lakhs (max)
  • For purchasing a new plot of land- Rs. 50 lakhs (max)

Q: What is the interest rate PNB offers for house loan borrowers?

A: Punjab National Bank offers attractive interest rates for home loan borrowers based on the applicant's profile. The interest rate ranges between 8.50% to 10.25.

Q: What are the features of Pradhan Mantri Awas Yojana housing loan Scheme?

A: Under the Pradhan Mantri Awas Yojana scheme, the beneficiaries will receive a subsidy between Rs. 1 lakh to Rs.2.3 lakh from the central government treasury. This subsidy will help people who are from the Low-Income Categories(LIC) and Economically Weaker Sections(EWS) of society to build a house. From the date of disbursement of the loan till the next 15 years the beneficiary will enjoy a subsidized interest rate of 6.5% on loan. The subsidy will be available for loans up to Rs. 6 lakhs. If the loan amount is higher than Rs. 6 lakh then it will not be subsidized. This scheme is mainly targeted towards female applicants and therefore, female applicants will get loans allotted quickly. The maximum subsidy amount under this scheme will be Rs.2,20,187. This scheme does not charge processing or documentation fee.

Q: What are the documents required to apply for a housing loan in PNB?

A: The following documents are required to apply for a housing loan in PNB.

  • Duly filled in application form with photographs.
  • KYC: Identity proof and residential proof.
  • Property documents and plan approval copy.
  • Last six months bank statement.
  • For salaried employees salary payslips and Form16.
  • For self-employed applicants: Income proof or business proof and IT returns are required.
  • Property Papers: Copies of title documents of property and documents related to the approved plan

Q: What is the maximum loan amount granted by PNB to its borrowers of home loan?

A: The amount of funding one gets from PNB Housing is based on the total loan amount. The maximum funding that PNB Housing offers is given below:

  • If the loan amount is below Rs 30 lakhs the maximum loan amount will be 90% of the market value.
  • If the loan amount is between Rs 30 lakhs to Rs 75 lakhs the maximum loan amount will be 80% of the market value.
  • If the loan amount is above Rs 75 lakhs the maximum loan amount will be 75% of the market value.

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