Punjab National Bank loan against property (Mortgage loan) brings you the incredible opportunity to unlock your property and use it to arrange funds. This PNB loan scheme is offered to the salaried individuals, self employed individuals and professionals at the calm-headed interest rates starting from 9.50% per annum. The bank offers a maximum loan amount calculating up to 60% of the market value of your property. If you are struggling with any urgent financial emergency to back your personal or business loans, then you can offer your residential or commercial property to the lender as collateral and make most of it to fulfill your goals.
|
Loan Amount |
Up to 60% of the market value of property |
|
Interest Charges |
Starts at 9.50% per annum |
|
Repayment Tenure |
Up to 20 years |
|
Processing Fees |
Up to 0.25% |
|
Prepayment Charges |
As per the bank’s discretion |
Listed below are all the prominent features of PNB mortgage loan that you need to know:
There are many possible events when you end up requiring more finances than you already have. To take care of such urgent needs, you can look up to the PNB loan against property.
This type of secured PNB non housing loan ensures that you don’t lack finances to reach your goals. All you need to do is offer your residential or commercial property to the bank as security in order to get access to the financial fulfilment.
PNB bank mortgage loans are offered for the loan amount ranging up to 60% of the property value. The bank takes a lot many factors into consideration to determine the loan amount you are eligible for. These factors include the eligibility criteria, income, existing debts and your credit score.
PNB mortgage loan interest rates vary among many factors. Your credit score, employment type and the type of property that is offered as collateral help decide the interest rate. The PNB loan against property interest rates start from 9.50% per annum and go up to 11% per annum depending on these factors.
The PNB mortgage loan repayment tenure ranges up to 20 years. You can repay the loan in equated monthly instalments.
You can always choose to pay off your loan early and close it. Prepayment of a loan frees you from the cost of interest rates which makes you save up a good amount of money. For terms and conditions regarding the PNB mortgage loan prepayment, you can contact the bank.
Here’s the list of PNB mortgage loan eligibility requirements that you need to meet in order to qualify for this loan:
Mention below is the set of all the PNB loan against property documents that you will be required to submit at the time of applying for the loan:
|
Documents |
Salaried Individuals |
Self Employed Individuals |
|
Identity Proof |
Aadhar Card, Passport, Driving Licence, Voter ID Card |
Aadhar Card, Passport, Driving Licence, Voter ID Card |
|
Address Proof |
Passport, Voter ID Card, Recent Utility Bill such as Electricity Bill, Water Bill, Telephone Bill |
Passport, Voter ID Card, Recent Utility Bill such as Electricity Bill, Water Bill, Telephone Bill |
|
Income Proof |
Salary Slips, Bank Statement, Form 16, Salary Certificate |
IT returns, Bank Statements, Balance Sheet and Profit & Loss Account, Challans Showing Payment of Advance Income Tax |
|
Other Documents |
Passport-size Photographs, Application Form, other documents related to the property |
Passport-size Photographs, Application Form, other documents related to the property |
|
BANKS |
INTEREST RATE |
|
Starts at 11.25% |
|
|
Starts at 10.85% |
|
|
Starts at 10.50% |
|
|
Starts at 11.25% |
|
|
10.65% to 16.25% |
|
|
Starts at 8.60% |
|
|
Starts at 9.00% |
|
|
Starts at 8.75% |
PNB Bank loan against property EMI calculator is a super useful tool that enables you to know the PNB mortgage loan EMI loan amount payable. Using this tool, you can check the monthly loan cost and plan your monthly finances.
Here are ways to make use of PNB loan against property EMI calculator:
You can now find the PNB bank loan against property EMI payable per month.
You can also use the BankSathi mortgage loan EMI calculator to find the payable loan against property EMI amount quickly. This fast and simple-to-use calculator fetches you the loan EMI amount simply by using the loan amount, tenure and interest rate. Using the Banksathi loan EMI calculator, you will find the calculation not only for each month but also each year of the tenure.
There are two methods to apply for PNB mortgage loans- offline and online. Here is how you can do that:
Head to the nearest branch of Punjab National Bank with the required documents. There you can reach out to the bank representative for assistance to apply for PNB mortgage loan offline.
The bank official will get in touch with you for the further steps regarding the PNB loan against property.
To know more about the PNB loan against property, you can get in touch with the Punjab National Bank customer support by dialing the any of the following PNB customer support numbers:
1800 180 2222, 1800 103 2222
The PNB mortgage loan interest rates start at 9.50% per annum and go up to 11% per annum.
You need to reach out to the bank for any enquiry related to the PNB mortgage loan prepayment.
You can opt for the following ways to track your PNB home loan application:
You can get up to 60% of the market value of your residential or commercial property.
As per the PNB loan against property eligibility requirements, salaried individuals should not be more than 60 years of age and the maximum age of self employed individuals and professionals should not exceed 65 years.
Last Updated on : 01/May/2021Know More About
You're eligible for a Punjab National Bank Loan Against Property if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Loans Against Properties is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Punjab National Bank Loan Against Property Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 9.5% - 0% |
| Processing Fees | 0.25% |
| Loan Tenure | 1 year to 20 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Loans Against Properties EMI Calculator