PNB Housing Finance Limited Loan Against Property

Opt for a Loan Against Property (LAP) from PNB Housing Finance Limited on Bajaj Markets to leverage your property’s value for urgent financial needs. You can get funding of up to 70% of the market value and enjoy lucrative PNB loan against property interest rates starting at 9.25% p.a.

You can choose a flexible tenure of up to 240 months and repay comfortably. Enjoy minimal prepayment charges and processing fees when you opt for this facility.

PNB Housing Finance Limited offers LAP facilities supported by a wide network of branches across India. The lender also ensures accessibility and dependable customer support. Additional benefits of the loan include:

• Sizeable Loan Amount

Get a high loan amount up to ₹15 Crores with PNB Housing Finance Limited. The amount can cover a broad range of expenses. 

• Flexible Tenure Option

Choose a repayment period of up to 20 years (240 months) and repay comfortably. Use the PNB LAP EMI calculator on Bajaj Markets before curating your repayment strategy. 

• Lucrative Interest Rates

Lower your borrowing cost with PNB loan against property interest rates starting at 9.25% p.a. You can secure this lower rate by demonstrating a good repayment history. 

• High LTV Ratio

Get the best from your property with the loan-to-value ratio going up to 70%. 

• Customised Loan Terms

Select a loan offer based on your income and repayment capacity to keep funding in your budget.

PNB Housing Finance Limited enables you to unlock the potential of your property by offering customised Loan Against Property solutions. Depending on your asset type, you can choose from the following:

• Loan Against Residential Property

You can mortgage your self-occupied or rented residential property to access funds. This option allows you to utilise the value of your home without selling it, making it a practical choice for personal or business needs.

• Loan Against Commercial Property

You can pledge your commercial property, such as offices, shops, or other business premises, to secure financing. This type of loan is ideal for meeting business expansion requirements or covering significant financial commitments.

Here are the eligibility criteria you need to meet: 

• Age: 21-70 years

• Monthly income: Above ₹18,000 

• Work experience: Minimum 3 years for salaried applicants and at least 5 years of business continuity for self-employed applicants

Here are the general documents you need to submit to apply for a loan against property from PNB Housing Finance Limited:

• Identity Proof: PAN card/voter ID/Aadhaar card 

• Address Proof: Election card/passport/driving licence 

• Latest educational qualification certificate (if applicable)

• Salary slips of the last three months (applicable for salaried applicants) 

• Form 16 for the last two financial years (applicable for salaried applicants) 

• Certificate and proof of business existence (applicable for self-employed applicants)

• ITR for the last three financial years (applicable for self-employed applicants) 

• Self-attested photocopy of the title documents of the property and the approved plan

After checking your eligibility, here are the steps you can follow to apply for LAP from PNB Housing Finance Limited:

1. Click on the ‘Check Offer’ button displayed on this page

2. You will be redirected to the online application form

3. Choose the loan category you wish to apply for, such as Home Loan, Balance Transfer, or Loan Against Property

4. Specify your profession by selecting either Salaried or Self-Employed/Business Owner

5. Provide your mobile number to continue with the eligibility check

6. Agree to the terms of use and grant consent for sharing your details as required

7. Finally, click on ‘Apply Now’ to submit your application

You can track the progress of your home loan application online by following these steps:

1. Visit the PNB Housing Finance Limited Loan webpage

2. On the right side of the page, select ‘Housing Loan’ 

3. A new page will open. Click on the ‘Track Your Loan Application’ button

4. On the next page, enter your Reference ID (shared when you completed the loan application)

5. Enter your registered mobile number and confirm the details

6. Tick the check box and press ‘Submit’

To download your Loan Against Property statement from PNB Housing Finance Limited, follow these steps:

1. Go to the PNB Housing Finance Limited customer portal

2. Log in with your credentials (login ID and password)

3. Click on the 'Write to us' or 'Service Request' option

4. Select 'Loan' as your account type

5. Choose 'Statement of Account' under inquiry types

6. Enter your Loan Against Property account number and validate

7. Submit your request

The customer service team will send the loan statement to your registered email or help you download it directly.

PNB Housing Finance Limited offers flexible repayment options for its Loan Against Property. This ensures you can choose a schedule that suits your financial capacity:

• Standard EMI

Under this option, you pay a fixed amount every month throughout the loan tenure. This instalment covers both principal and interest, making your repayment predictable and easier to plan.

• Step-up EMI 

With the step-up EMI option, you begin with lower monthly payments in the initial years, and the instalments gradually increase over time, typically in line with your growing income. This option is beneficial if you expect your income to rise in the coming years.