A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • loading

    We found 0 Punjab Nation Bank Home Loan Eligibility
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    Home Loan BYTES FROM OUR KITCHEN

    Punjab Nation Bank Home Loan Eligibility

    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
    Loading your search...
    Close

    Compare Home Loan Offers from Top Lenders. Apply Online and Get e-Approved Instantly.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.