Apply PNB Home Loan online easily by following few steps and get approval within few minutes. Get Interest Rates ✔ Processing Fee ✔ Documentation ✔ Eligibility Criteria ✔ Schemes and Offers ✔ EMI ✔ and other details about Punjab National Bank Housing Loan.

PNB Home Loan Interest Rates

Floating Interest Rate 8.60% to 8.80%
Processing Fee 0.50% of loan amount
Loan Tenure Minimum 3 years to Maximum 30 years
Minimum Loan Amount Allowed Rs. 5 lakhs
Maximum Loan Amount Allowed Rs. 50 Crore
Pre-closure Charges Nil
Partial Pre-payment Charges Nil
EMI at 1 Lakh for 30 Years Rs. 776/- per month
Age Limit For Salaried 21 to 60 years
Age Limit For Self-employed 21- to 65 years

Documents Required For PNB Home Loan

Photos 2-3 Passport Size Photos
Identity Proof PAN Card, Voter ID, Passport, Driving License
Residential Address Proof Rent Agreement, Utility Bills, Passport, Ration Card
Identity Proof PAN Card, Voter ID, Passport, Driving License
Residential Address Proof Rent Agreement, Utility Bills, Passport, Ration Card
Income Documents For Salaried 9 months bank statement in which salary is credited, 6-months salary-slip, Form-16
Proof of Business For Self-employed VAT and Service tax registration, profit and loss account and balance sheet, incorporation details in case of companies, copy of partnership deed and proof of business existence and business profile

PNB Home Loan EMI Calculator

For making our users experience better we can show some pre-calculated example below

Loan Amount Interest Rates Repayment Period/Time EMI Per Month
5 Lakhs  8.50%  5 Years  Rs. 10,258
7 Lakhs  8.50%  6 Years  Rs. 12,445
9 Lakhs  8.50%  10 Years  Rs. 11,159
11 Lakhs  8.50%  9 Years  Rs. 14,607
12 Lakhs  8.50%  15 Years  Rs. 11,817
14 Lakhs  8.50%  12 Years  Rs. 15,541
15 Lakhs  8.50%  20 Years  Rs. 13,017
18 Lakhs  8.50%  15 Years  Rs. 17,725
20 Lakhs  8.50%  20 Years  Rs. 17,356
21 Lakhs  8.50%  18 Years  Rs. 19,015
22 Lakhs  8.50%  24 Years  Rs. 17,932
24 Lakhs  8.50%  25 Years  Rs. 19,325
25 Lakhs  8.50%  27 Years  Rs. 22,076
28 Lakhs  8.50%  23 Years  Rs. 24,783
30 Lakhs  8.50%  26 Years  Rs. 23,891
32 Lakhs  8.50%  30 Years  Rs. 24,605
34 Lakhs  8.50%  27 Years  Rs. 26,806
35 Lakhs  8.50%  30 Years  Rs. 26,912

PNB Home Loan Eligibility Calculator

PNB Home Loan amount depends on applicant’s monthly income/salary, because as per policy a person can pay 50% to 60% (depends on bank to bank) total amount of monthly income in the form of EMIs.

Lets take an example : If applicant is getting Rs. 20,000/- per month then he or she is eligible to pay the total EMIs of Rs. 10,000/- to Rs. 12,000/- of EMI from his or her monthly income. If applicant has already personal loan and bike loan running and pays EMI of Rs. 4,000/- and Rs. 1500/- respectively per month, therefore the total deduction is Rs. 5500/- per month from income. Then the applicant is capable to pay the EMI of Rs. 4500/- or Rs. 6500/- only. The loan amount and eligibility depends on the few factors.

 Eligibility Calculation = (50% – 60% of total income) – (if any other loans/EMIs/Policies is running)

Some Factors That Bank Checks

1. Remaining loan amount
2. EMIs/Policies
3. Some other expenses

How to Apply for PNB Home Loan

Applying for a PNB online Home Loan is simple. It just takes 4 simple steps to get an instant Home Loan approval!
Step 1: Click here to go our online form. Fill-in all the details and submit the form at sbiloanrates.com
Step 2: Get an instant quote on loan amount and eligibility. Select your required loan amount and tenure.
Step 3: Our representative will get in touch with you for document collection and other formalities.
Step 4: Loan sanctioned and Money will be credited to your account within 72 working hours after disbursal!

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PNB Home Loan EMI Calculator – Interest Rates Dec 2018
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