Punjab National Bank

Home Loan

Punjab National Bank provides home loans at a very reasonable rate of interest, which helps the people to buy their dream homes, luxury properties, and under-construction properties. Punjab National Bank Home Loan Interest rates starts at 7.35%, and the maximum duration of a home loan is up to 30 years. Taking a home loan from this bank can make your dreams come true.

Punjab National Bank Home Loan Information

Comparison of Punjab National Bank home loans with other banks

Eligibility for Punjab National Bank Home Loan 

• Age: The age of the applicant should be between 21 years and 65 years (at the time of maturity).

• Income: The income of the applicant should be Rs. 25000/month.

• A Credit Score of 750 and above is preferred by the banks.

• Loan-to-Value (LTV): Usually up to 80 to 90%, depending on loan type.
  

Documents Required for Punjab National Bank Home Loan

The  Following Documents are required:

• Identity proof: Passport, PAN card, or Aadhar card.

• Address proof: Aadhar card and any utility bill, such as a gas or electricity bill.

• Income:

       Salary slip, six-months bank statement, and Form 16 for a salaried individual.

       Bank statements and ITRs for self-employed people.

• Proof of property: Plot layout, builder's agreement, and sale document

• Applicant and co-applicant passport-sized photos.

Different types of home Loans offered by Punjab National Bank

How to apply for a home loan at Punjab National Bank

To apply for a home loan from the Bank of India, follow these steps.

Check Eligibility

• Make sure you fulfill the income and age restrictions, which range from 21 to 70 years old at maturity.

• Check your CIBIL score; a score of at least 611 indicates better interest rates.

Choose the Right Scheme

Select from PNB’s loan options, such as PNB Housing Loan, PNB Pride (for government employees), PNB Max Saver, or PMAY-linked schemes, depending on your needs.

Collect Required Documents

An Aadhar card, PAN card, or passport will be required for  KYC.

Income  proof:

Form 16 and a salary slip will be required for salaried people; ITRs, GST returns, or company documentation for independent contractors.

Property documents: sale agreement, NOC, title deed, and approved building plan.

For NRIs: Passport, visa, overseas address proof, and income details.

Fill the Application Form

• Available online on PNB’s website or at any PNB branch.

• Provide personal, financial, and property details accurately.

 Pay Processing Fee

• Submit the applicable processing fee (generally 0.35% of the loan amount, subject to offers).
  

 Verification and Credit Appraisal

• PNB reviews your documents, credit score, income stability, and property papers.
  

• The bank may conduct a site visit of the property.
  
  

Loan Sanction and Offer Letter

• If approved, you will receive a sanction letter stating the loan amount, interest rate, tenure, and terms.
  
  

Signing the Agreement

• Execute the loan agreement and complete legal documentation.

• Submit any post-dated cheques or ECS mandate for EMI payments.
  
  

Loan Disbursement

• Funds are disbursed either in a lump sum (for ready property) or in stages (for under-construction property).

EMI calculator of Punjab National Bank

The PNB Home Loan EMI Calculator helps you estimate your monthly instalments quickly and accurately. By entering details like loan amount, interest rate, and tenure, you can calculate your PNB home loan EMI online in seconds.

PNB Customer Care

PNB customer support handles loan queries via the branch network and online portal.

Toll-Free Numbers:

• 1800-180-2222
  

• 1800-103-2222
  Additionally, you can reach their landline at 011-28044907, and for international callers, dial 0120-2490000.

Email Support:

• General banking/home loan queries: care@pnb.co.in

• For unresolved matters, the grievance escalation process can begin via customer.queries@pnbhousing.com or by sending your communication to their grievance officer at the corporate office.
  
  

Nodal Officer for Resolution:

• Role: General Manager – Principal Nodal Officer

• Location: PNB Head Office, 5 Sansad Marg, New Delhi – 110001

• Phone: +91-11-23716185

• Fax: +91-11-2332 3707

• Email: care@pnb.co.in