PNB Housing Loan Scheme
Primary Lending Institution:Punjab National Bank (PNB)
Up to ₹10 Crore home loan at 8.45% – 9.30% with Up to 30 years tenure.
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without Gram Panchayat non-encumbrance verification.
What is PNB Housing Loan Scheme?
Flagship housing finance product of Punjab National Bank linked to PNB RBLR for acquisition, construction, or renovation of dwelling units.
Key Benefits & Features
Low RBLR spread; 5 bps concession for women; up to 90% financing for loans up to ₹30 Lakh; zero prepayment penalties.
Property & Project Eligibility Requirements
Approved layout, title clearance from bank empaneled advocate.
Borrower Eligibility Criteria
Indian citizen, salaried with 2 years service or self-employed with 3 years business existence.
How to Apply (3 Verified Paths)
Apply online through net banking portal or visit lending branch with loan inquiry.
Apply online at https://www.pnbindia.in/housing-loans.html with digital KYC and property details.
Visit nearest branch of the institution with income proofs and sale agreement.
Documents Required Checklist
Aadhaar Card, PAN Card, Last 3 months salary slips or 2 years ITR-V, 6 months bank account statement, Title deed, Approved building plan and municipal tax receipts.
Frequently Asked Questions
What is the maximum loan tenure available for PNB Housing Loan Scheme?
The maximum repayment tenure offered for PNB Housing Loan Scheme is Up to 30 years, subject to borrower's age not exceeding 70 years at loan maturity.
What are the processing charges and prepayment rules for PNB Housing Loan Scheme?
The processing fee is 0.35% (Min ₹2,500, Max ₹15,000) + GST. As per RBI guidelines, zero prepayment penalties apply to all individual floating-rate home loans.
What documents are required to apply for PNB Housing Loan Scheme?
Applicants must provide KYC (Aadhaar, PAN), 3 months salary slips or 2 years ITR with computation, 6 months bank statements, and clear property title documents with municipal sanctions.
Why does PNB Housing Loan Scheme require property approval in a formal layout?
This loan requires the property to be in an approved society/project — self-constructed rural properties often ineligible without Gram Panchayat non-encumbrance verification.