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    Punjab Nation Bank Home Loan Eligibility

    PNB, one of the leading home loan providers in the country, offers customers home loans at attractive interest rates with flexible repayment options. Read more for the current loan interest rates and hidden charges applicable on the home loan.

    We found 0 Punjab Nation Bank Home Loan Eligibility
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    Home Loan BYTES FROM OUR KITCHEN

    PNB or Punjab National Bank is one of the leading home loan providers in India. Home loans are opted by almost everyone in today’s world. The PNB Home Loans come with great benefits and features. They are designed to meet the changing needs and requirements of the customers.

    PNB home loan eligibility criteria self-employed applicants:

    Age 21 years to 65 years
    Maximum Loan Amount Rs.10,00,000
    Equated Monthly Instalment/lakh Rs.758
    Interest Rate Linked to PLR 8.35% to 8.45%

    PNB home loan eligibility criteria salaried applicants

    Age 21 years to 60 years
    Maximum Loan Amount Rs.10,00,000
    Equated Monthly Instalment/lakh Rs.758
    Interest Rate Linked to PLR 8.35% to 8.45%

    PNB home loan eligibility criteria

    Following are the factors for home loan eligibility for PNB Housing Finance

    • Age
    • Income
    • Existing Loan/Credit
    • Credit Report/Score
    • Joint Application
    • By Closing Other Loans

    Age: The age of the applicant helps the bank in determining the tenure of the loan. If the tenure is longer, the EMI will be lower and vice-versa.

    Monthly Income: The monthly income is one of the important factors in determining your repayment capability or credit worthiness. Based on your monthly income, the bank will determine how much of an EMI commitment you will be capable of paying.

    Existing Loan/Credit: It is advisable to close all other credit or loans before applying for a home loan since it will boost your chances of approval.

    Your Credit Report/Score: The bank will check your credit report and looking into your credit score to determine your credit repayment history. The credit report contains details of your past loan and credit information. It helps the bank in understanding your repayment habits. There are various methods that you can use to improve your credit score. A good credit score also empowers you to negotiate the interest amount and to get a quick loan approval.

    If you are looking to improve the chances of loan approval, the following steps will help you:

    Joint Application: To improve your eligibility for a home loan, you can include your earning spouse as a co-applicant for the loan, this will increase your application's eligibility. The bank will consider the joint applicant’s income as well for determining the loan eligibility.

    By closing Other Loans: By closing existing loan/credit, you can increase your loan eligibility. This will help the bank in considering a larger surplus of your income towards the home loan.

    PNB Bank offer home loan against and without a property as collateral as well. Once approved, the bank will fund 75%-90% of the property cost depending on loan type, whether it is against a property or without.

    The bank will determine your eligibility based on your income, age, qualification and occupation etc.

    Documents required for PNB home loan application:

    Salaried individuals Businessmen/self-employed professionals
    Completed application form with photographs Completed application form with photographs
    Proof of Age (PAN Card, Passport, Any other Certificate from Recognized Authority) Proof of Age (PAN Card, Passport, Any other Certificate from Recognized Authority)
    Proof of Residence (Passport, Driving License, Telephone Bill, Election Card, Ration Card, or any other Certificate from Recognized Authority) Proof of Residence (Passport, Driving License, Telephone Bill, Election Card, Ration Card, or any other Certificate from Recognized Authority)
    Education Qualifications – Degree Certificates Education Qualifications – Degree Certificates
    Latest Salary - Payslips for 3 months Certificate and Proof of business existence along with Business Profile
    Form 16 for last 2 years Last 3 years Income Tax returns (self and business) with Profit and Loss, Account and Balance Sheets duly certified/audited by a Chartered Accountant
    Last 6 months Bank Statements(salary account) Last 12 months Bank Account Statements (self and business)
    Processing Fee Cheque in favour of ‘PNB Housing Finance Ltd.’ Processing Fee Cheque in favour of ‘PNB Housing Finance Ltd.’
    Photocopy of Title Documents of the Property, Approved Plan Photocopy of Title Documents of the Property, Approved Plan etc.
    Home Loan - Sitemap

    Punjab Nation Bank Home Loan Eligibility Reviews

    • Punjab National Bank Home Loan
      "They have quickly processed the loan"
      0.5 5.0/5 "Blown Away!"
      I have purchased a home loan from Punjab National Bank. They have offered me a interest rate of 8.75% which is convenient for me. Since its a Government bank, i have selected them for my home loan. There is no processing fee. I have chosen the tenure period for 20 years.
      Was this review helpful? 1
      , panchkula
      Reviewed on Jan 21, 2019
    • Punjab National Bank Home Loan
      "Smooth and hassle free process"
      0.5 5.0/5 "Blown Away!"
      I have bought my home loan by using the Punjab National Bank. Since its a nationalized bank, they have given me a very low interest rate. They have me a satisfied interest rate and the processing fee was zero. They have sanctioned the loan on time and the documentation was smooth.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2019
    • Punjab National Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I took a home loan from PUNJAB NATINAL BANK . I got the loan amount fast, I am paying the EMI per year their service. The interest rate is also competitive when comparing to other banks in the market. The whole application process and he documentation was done in time, overall it has been a good experience.
      Was this review helpful? 6
      , bangalore
      Reviewed on Jan 11, 2019
    • Punjab National Bank Home Loan
      "AVERAGE SERVICE"
      0.5 3.5/5 "Pretty good"
      I have taken the housing loan with the PUNJAB NATIONAL BANK where i am not satisfied with the services of this bank. I haev applied it where the process is very delay to get the loan. The duration is for 30 years to repay the loan also the rate of interest is nominal.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 08, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My housing loan was taken with PUNJAB NATIONAL BANK , My home loan experience was good with PNB, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good with PNB and they followed up on time.
      Was this review helpful? 3
      , navi mumbai
      Reviewed on Nov 25, 2018
    • Punjab National Bank Home Loan
      "Average Financial service"
      0.5 4.0/5 "Great!"
      I have taken housing loan from the Punjab national bank , where the rate of is bit high , which is floating interest. They have approved the loan in 15-20 days Their customer representative explained the pre closure charges , They have charged for documentation and approval which is bit high.
      Was this review helpful? 2
      , new delhi
      Reviewed on Nov 21, 2018
    • Punjab National Bank Home Loan
      "Best Service"
      0.5 4.5/5 "Excellent!"
      My home loan experience was good with PNB, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good with PNB and they followed up on time. The tenure period for this loan is 8 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 01, 2018
    • Punjab National Bank Home Loan
      "Good Financial service"
      0.5 3.5/5 "Pretty good"
      I have taken Home loan from Punjab National bank . They instantly approved with in 3-4 days with rate of interest is quiet high for the loan. I make the payment through the ecs process . Am satisfied with their customer service and response . I have chosen good tenure too.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 01, 2018
    • Punjab National Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been applied for my home loan with Punjab national banking and they have given sufficient loan amount according to my expectation like they have given me 30,00,000 lakh as loan, and the rate of interest previously was high but i have negotiated they now it is nominal for 6-8 month the rate of interest was low again it been nominal.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Oct 30, 2018
    • Punjab National Bank Home Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan with Punjab National bank. The customer services are good and they are responsive as well. The rate of interest and processing charges is normal. The process to get this loan was good and on time. It is hassle free overall.
      Was this review helpful? 1
      , noida
      Reviewed on Sep 19, 2018
    • Punjab National Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this Home Loan has been good and the loan amount which they had provided had been good as well. The interest rate with them also had been good as well. There has not been any hassle faced with any of their services during the whole process.
      Was this review helpful? 5
      , lucknow
      Reviewed on Sep 03, 2018
    • Punjab National Bank Home Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've taken a home loan from the Punjab National Bank for 30 Lacs. The interest rate was 9% which was pretty much fair at that time. The processed the loan after documentation an verification. I got the loan amount with out any hassle. It was a very good loan experience with the PNB.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 29, 2018
    • Punjab National Bank Home Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      I have done a home loan transfer with Punjab National Bank. The customer services and response is good and there are no issues in the process. The loan was processed on time and the interest rate and charges are normal. The after loan services is good too.
      Was this review helpful? 9
      , pune
      Reviewed on Aug 11, 2018
    • Punjab National Bank Home Loan
      "best servise"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan from PNB Housing Finance and my loan experience was good, the loan amount was for Rs 21 lakhs with nominal interest rate when compared to others. I received my loan amount within 8 days and the customer support was good from PNB. The tenure period for this loan is 20 years.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jul 31, 2018
    • Punjab National Bank Home Loan
      "Worst Service"
      0.5 1.0/5 "Really Bad"
      I have applied the home loan with PNB housing. I have applied for 50 lakhs once i have given all my documents they have sanctioned the loan amount of 60 lakhs. They used to called me 3 times in a day. There is a proper follow up from them. Within 10 working days , my loan got sanctioned. They have sent a mail to mail id regarding the loan sanction letter. The customer care service is very nice. The IVR is guiding is very nicely. Once they have taken cheque, they did not given proper response. In PNB they have taken a amount of Rs. 5000 as processing fee.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jul 09, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      My home loan was taken with PNB 1 year back. The loan amount was 27 lakhs and the interest rate was 8.5% which is bit high . The process was good till disbursing the loan. The customer service and responses was not good after the the disbursement. The processing fee was bit high.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jul 07, 2018
    • Punjab National Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached PNB bank for a personal loan. The interest rate was very high here is i have canceled the request and taken with HDFC bank. The customer service and responses was up to the mark. I was looking for 25 lakhs and the interest rate was satisfactory .
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 06, 2018
    • Punjab National Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have approached PNB for a home loan. I was planning to take 30 lakhs and the given interest rate was satisfactory . Their customer service and responses was up to the mark but i have dropped the plan as of now so i have canceled the request also.
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 06, 2018
    • Punjab National Bank Home Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The home loan service is good with the PUNJAB NATIONAL BANK and I am satisfied with it. The customer support service and the response is good with the Punjab national bank. They just took a day time to disburse the home loan amount . The rate of interest and the charges are average with the PNB when compared with others.
      Was this review helpful? 3
      , kolkata
      Reviewed on Jun 04, 2018
    • Punjab National Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have recently taken this Home Loan 2 months back.The tenure which they had provided me was good. It took nearly fast time with all the process. I went to the bank directly and the whole process was pretty smooth and fast. It took less time for me to get the loan sanctioned.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 27, 2018
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